Financial Supplement First Citizens BancShares, Inc. September 30, 2026

Summary Financial Data and Metrics

dollars in millions, except per share data			Three Months Ended																		Increase  (Decrease) From LQ (4)									Nine Months Ended									Increase (Decrease) From PYTD
			September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025															September 30, 2026			September 30, 2025
Results of Operations:
Net interest income			$	1,699		$	1,656		$	1,621		$	1,722		$	1,734					$	43		2.6		%				$	4,976		$	5,092					$	(116)		(2.3)		%
Provision (benefit) for credit losses			55			(10)			72			54			191						65			650.2						117			460						(343)			(74.6)
Net interest income after provision for credit losses			1,644			1,666			1,549			1,668			1,543						(22)			(1.3)						4,859			4,632						227			4.9
Noninterest income			734			776			692			715			699						(42)			(5.4)						2,202			2,012						190			9.5
Noninterest expense			1,573			1,551			1,536			1,572			1,491						22			1.5						4,660			4,484						176			3.9
Income before income taxes			805			891			705			811			751						(86)			(9.8)						2,401			2,160						241			11.2
Income tax expense			199			219			171			231			183						(20)			(9.1)						589			534						55			10.2
Net income			606			672			534			580			568						(66)			(10.0)						1,812			1,626						186			11.5
Preferred stock dividends			29			32			26			14			14						(3)			(8.9)						87			43						44			100.3
Net income available to common stockholders			$	577		$	640		$	508		$	566		$	554					$	(63)		(10.0)		%				$	1,725		$	1,583					$	142		9.0		%
Adjusted net income available to common stockholders (1)			$	623		$	659		$	534		$	634		$	573					$	(36)		(5.4)		%				$	1,816		$	1,679					$	137		8.2		%
Pre-tax, pre-provision net revenue (PPNR) (1)			860			881			777			865			942						(21)			(2.5)						2,518			2,620						(102)			(3.9)
Adjusted PPNR (1)			919			896			811			883			973						23			2.5						2,626			2,767						(141)			(5.1)
Per Share Information:
Diluted earnings per common share (EPS)			$	51.23		$	55.52		$	42.63		$	45.81		$	43.08					$	(4.29)		(7.7)		%				$	149.14		$	119.70					$	29.44		24.6		%
Adjusted diluted EPS (1)			55.37			57.09			44.86			51.27			44.62						(1.72)			(3.0)						157.02			127.03						29.99			23.6
Book value per common share at period end			1,756.40			1,767.79			1,735.18			1,718.71			1,672.54						(11.39)			(0.6)
Tangible book value per common share (TBV) (1) at period end			1,687.41			1,722.35			1,689.96			1,674.11			1,628.64						(34.94)			(2.0)
Key Performance Metrics:
Return on average assets (ROA)			1.00		%	1.15		%	0.93		%	0.99		%	0.98		%				(15)			bps (5)						1.02		%	0.95		%				7			bps
Adjusted ROA (1)			1.08			1.18			0.97			1.10			1.01						(10)									1.08			1.01						7
PPNR ROA (1)			1.42			1.50			1.35			1.47			1.62						(8)									1.42			1.54						(12)
Adjusted PPNR ROA (1)			1.51			1.53			1.41			1.50			1.67						(2)									1.49			1.62						(13)
Return on average common equity (ROE)			11.33			12.58			9.88			10.66			10.26						(125)									11.26			9.82						144
Adjusted ROE (1)			12.24			12.94			10.39			11.93			10.62						(70)									11.85			10.43						142
Return on average tangible common equity (ROTCE) (1)			11.67			12.92			10.14			10.94			10.53						(125)									11.57			10.09						148
Adjusted ROTCE (1)			12.61			13.28			10.67			12.25			10.91						(67)									12.18			10.71						147
Efficiency ratio			64.68			63.75			66.41			64.53			61.27						93									64.92			63.12						180
Adjusted efficiency ratio (1)			59.59			60.05			62.13			60.79			56.78						(46)									60.56			58.08						248
Net interest margin (NIM) (2)			3.07			3.10			3.09			3.20			3.26						(3)									3.09			3.26						(17)
NIM, excluding purchase accounting accretion (PAA) (1) (2)			2.99			3.01			3.01			3.11			3.15						(2)									3.00			3.13						(13)
Select Balance Sheet Items at Period End:
Total investment securities			$	44,875		$	43,557		$	42,986		$	41,564		$	45,124					$	1,318		3.00		%
Total loans and leases			157,190			151,034			148,692			147,930			144,758						6,156			4.10
Total operating lease equipment, net			9,765			9,755			9,685			9,621			9,446						10			0.10
Total deposits			185,264			173,427			170,842			161,578			163,190						11,837			6.80
Total borrowings			24,470			32,188			33,962			36,008			38,675						(7,718)			(24.00)
Loan to deposit ratio			84.85		%	87.09		%	87.04		%	91.55		%	88.71		%				(224)			bps
Noninterest-bearing deposits to total deposits			22.89			24.49			25.52			25.16			26.20						(160)
Capital Ratios at Period End: (3)
Total risk-based capital ratio			12.90		%	13.37		%	13.51		%	13.71		%	14.05		%				(47)			bps
Tier 1 risk-based capital ratio			11.32			11.73			11.79			11.91			12.15						(41)
Common equity Tier 1 ratio			10.24			10.77			10.83			11.15			11.65						(53)
Tier 1 leverage capital ratio			9.00			9.22			9.30			9.29			9.34						(22)
Asset Quality at Period End:
Nonaccrual loans to total loans and leases			0.87		%	0.96		%	0.96		%	0.88		%	0.97		%				(9)			bps
Allowance for loan and lease losses (ALLL) to loans and leases			0.91			0.98			1.05			1.06			1.14						(7)
Net charge-off ratio for the period			0.27			0.29			0.30			0.39			0.65						(2)									0.28			0.47						(19)			bps
(1) Denotes a non-GAAP measure. Refer to the non-GAAP reconciliation tables included at the end of this financial supplement for a reconciliation to the most directly comparable GAAP measure. “Adjusted” items exclude the impacts of Notable Items.
(2) Calculated net of average credit balances of factoring clients to appropriately reflect the interest-earning portion of factoring receivables.
(3) Capital ratios as of the current quarter-end are preliminary pending completion of quarterly regulatory filings.
(4) Linked quarter
(5) Basis points
Note: Percent changes within this financial supplement are based on unrounded amounts and may not recalculate precisely using the displayed rounded amounts.

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Consolidated Balance Sheets (Unaudited)

dollars in millions, except share data						September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025						Increase  (Decrease) From LQ
Assets
Cash and due from banks						$	981		$	1,519		$	1,080		$	801		$	874					$	(538)		(35.5)		%
Interest-earning deposits at banks						18,290			21,132			23,189			19,801			24,798						(2,842)			(13.4)
Securities purchased under agreements to resell						197			737			223			232			83						(540)			(73.3)
Investment in marketable equity securities						112			156			130			127			110						(44)			(28.5)
Investment securities available for sale						35,606			33,983			33,314			31,790			34,963						1,623			4.8
Investment securities held to maturity						9,157			9,418			9,542			9,647			10,051						(261)			(2.8)
Assets held for sale						142			93			1,122			804			112						49			52.3
Loans and leases						157,190			151,034			148,692			147,930			144,758						6,156			4.1
Allowance for loan and lease losses						(1,436)			(1,484)			(1,558)			(1,566)			(1,652)						(48)			(3.2)
Loans and leases, net of allowance for loan and lease losses						155,754			149,550			147,134			146,364			143,106						6,204			4.1
Operating lease equipment, net						9,765			9,755			9,685			9,621			9,446						10			0.1
Premises and equipment, net						2,751			2,523			2,499			2,447			2,283						228			9.0
Goodwill						418			346			346			346			346						72			20.7
Other intangible assets, net						349			171			182			195			208						178			103.5
Other assets						7,660			7,459			7,513			7,523			7,108						201			2.7
Total assets						$	241,182		$	236,842		$	235,959		$	229,698		$	233,488					$	4,340		1.8		%
Liabilities
Deposits:
Noninterest-bearing						$	42,402		$	42,475		$	43,606		$	40,653		$	42,752					$	(73)		(0.2)		%
Interest-bearing						142,862			130,952			127,236			120,925			120,438						11,910			9.1
Total deposits						185,264			173,427			170,842			161,578			163,190						11,837			6.8
Credit balances of factoring clients						1,578			1,339			1,284			1,148			1,326						239			17.9
Borrowings:
Short-term borrowings						116			152			170			224			423						(36)			(23.9)
Long-term borrowings						24,354			32,036			33,792			35,784			38,252						(7,682)			(24.0)
Total borrowings						24,470			32,188			33,962			36,008			38,675						(7,718)			(24.0)
Other liabilities						8,293			7,988			7,823			8,726			8,311						305			3.8
Total liabilities						219,605			214,942			213,911			207,460			211,502						4,663			2.2
Stockholders’ equity
Preferred stock						2,061			1,765			1,765			1,375			881						296			16.8
Common stock:
Class A - $1 par value						10			10			11			11			12						—			—
Class B - $1 par value						1			1			1			1			1						—			—
Additional paid in capital						—			—			—			—			270						—			—
Retained earnings						20,301			20,354			20,343			20,768			20,866						(53)			(0.3)
Accumulated other comprehensive (loss) income						(796)			(230)			(72)			83			(44)						(566)			(246.5)
Total stockholders’ equity						21,577			21,900			22,048			22,238			21,986						(323)			(1.5)
Total liabilities and stockholders’ equity						$	241,182		$	236,842		$	235,959		$	229,698		$	233,488					$	4,340		1.8		%

    

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Consolidated Statements of Income (Unaudited)

						Three Months Ended																		Increase (Decrease) From LQ									Nine Months Ended									Increase (Decrease) From PYTD
dollars in millions, except share and per share data						September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025															September 30, 2026			September 30, 2025
Interest income
Loans and leases						$	2,341		$	2,253		$	2,206		$	2,290		$	2,300					$	88		3.9		%				$	6,800		$	6,806					$	(6)		(0.1)		%
Investment securities						427			401			384			424			433						26			6.2						1,212			1,266						(54)			(4.2)
Deposits at banks						197			197			196			226			265						—			—						590			766						(176)			(23.0)
Total interest income						2,965			2,851			2,786			2,940			2,998						114			4.0						8,602			8,838						(236)			(2.7)
Interest expense
Deposits						971			881			833			861			911						90			10.2						2,685			2,698						(13)			(0.5)
Borrowings						295			314			332			357			353						(19)			(6.1)						941			1,048						(107)			(10.2)
Total interest expense						1,266			1,195			1,165			1,218			1,264						71			5.9						3,626			3,746						(120)			(3.2)
Net interest income						1,699			1,656			1,621			1,722			1,734						43			2.6						4,976			5,092						(116)			(2.3)
Provision (benefit) for credit losses						55			(10)			72			54			191						65			650.2						117			460						(343)			(74.6)
Net interest income after provision for credit losses						1,644			1,666			1,549			1,668			1,543						(22)			(1.3)						4,859			4,632						227			4.9
Noninterest income
Rental income on operating lease equipment						288			280			281			281			273						8			2.9						849			815						34			4.2
Lending-related fees						83			73			69			64			67						10			14.6						225			202						23			10.9
Deposit fees and service charges						76			74			70			63			61						2			3.8						220			178						42			23.7
Client investment fees						68			59			53			54			58						9			13.1						180			163						17			10.9
Wealth management services						62			62			59			61			57						—			—						183			168						15			8.9
International fees						34			36			35			37			34						(2)			(2.1)						105			99						6			6.4
Factoring commissions						20			18			17			20			18						2			10.1						55			53						2			4.6
Cardholder services, net						40			38			38			37			39						2			4.7						116			121						(5)			(3.5)
Merchant services, net						12			13			13			13			12						(1)			(2.8)						38			39						(1)			0.1
Insurance commissions						12			13			13			12			13						(1)			(10.8)						38			41						(3)			(8.4)
Realized gain on sale of investment securities, net						28			—			—			3			—						28			NM						28			—						28			NM
Fair value adjustment on marketable equity securities, net						(23)			15			3			12			13						(38)			(257.2)						(5)			10						(15)			(151.2)
Gain on sale of leasing equipment, net						7			14			11			14			3						(7)			(48.1)						32			16						16			105.4
Loss on extinguishment of debt						(19)			(7)			(8)			(9)			—						(12)			(173.4)						(34)			—						(34)			NM
Other noninterest income						46			88			38			53			51						(42)			(49.4)						172			107						65			60.4
Total noninterest income						734			776			692			715			699						(42)			(5.4)						2,202			2,012						190			9.5
Noninterest expense
Depreciation on operating lease equipment						100			101			101			102			98						(1)			(0.6)						302			296						6			1.9
Maintenance and other operating lease expenses						66			67			65			64			67						(1)			(1.1)						198			180						18			10.2
Personnel cost						842			844			869			849			817						(2)			(0.3)						2,555			2,445						110			4.5
Net occupancy expense						64			59			60			61			58						5			6.4						183			177						6			3.4
Equipment expense						133			141			136			151			137						(8)			(5.4)						410			404						6			1.6
Professional fees						18			26			24			34			26						(8)			(28.8)						68			81						(13)			(16.9)
Third-party processing fees						112			100			93			75			67						12			13.1						305			193						112			57.6
FDIC insurance expense						37			39			38			27			38						(2)			(2.6)						114			114						—			—
Marketing expense						40			45			30			45			33						(5)			(10.2)						115			97						18			19.2
Acquisition-related expenses						18			8			5			33			28						10			110.8						31			108						(77)			(71.1)
Intangible asset amortization						14			11			13			13			13						3			32.3						38			41						(3)			(7.2)
Other noninterest expense						129			110			102			118			109						19			16.2						341			348						(7)			(2.1)
Total noninterest expense						1,573			1,551			1,536			1,572			1,491						22			1.5						4,660			4,484						176			3.9
Income before income taxes						805			891			705			811			751						(86)			(9.8)						2,401			2,160						241			11.2
Income tax expense						199			219			171			231			183						(20)			(9.1)						589			534						55			10.2
Net income						$	606		$	672		$	534		$	580		$	568					$	(66)		(10.0)		%				$	1,812		$	1,626					$	186		11.5		%
Preferred stock dividends						29			32			26			14			14						(3)			(8.9)						87			43						44			100.3
Net income available to common stockholders						$	577		$	640		$	508		$	566		$	554					$	(63)		(10.0)		%				$	1,725		$	1,583					$	142		9.0		%
Basic and diluted earnings per common share						$	51.23		$	55.52		$	42.63		$	45.81		$	43.08					$	(4.29)		(7.7)		%				$	149.14		$	119.70					$	29.44		24.6		%
Weighted average common shares outstanding (basic and diluted)						11,250,519			11,535,792			11,924,899			12,363,028			12,849,339						(285,273)			(2.5)						11,567,933			13,217,940						(1,650,007)			(12.5)

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Notable Items (1)

dollars in millions, except share and per share data						Three Months Ended																		Increase (Decrease) From LQ						Nine Months Ended									Increase (Decrease) From PYTD
						September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025												September 30, 2026			September 30, 2025
Noninterest income (GAAP)						$	734		$	776		$	692		$	715		$	699					$	(42)								$	2,202		$	2,012					$	190
Noninterest income notable items:
Rental income on operating lease equipment (2)						(166)			(168)			(166)			(166)			(165)						2									(500)			(476)						(24)
Realized gain on sale of investment securities, net						(28)			—			—			(3)			—						(28)									(28)			—						(28)
Fair value adjustment on marketable equity securities, net						23			(15)			(3)			(12)			(13)						38									5			(10)						15
Gain on sale of leasing equipment, net						(7)			(14)			(11)			(14)			(3)						7									(32)			(16)						(16)
Loss on extinguishment of debt						19			7			8			9			—						12									34			—						34
Total noninterest income notable items						(159)			(190)			(172)			(186)			(181)						31									(521)			(502)						(19)
Adjusted noninterest income (non-GAAP) (a)						575			586			520			529			518						(11)									1,681			1,510						171
Noninterest expense (GAAP)						1,573			1,551			1,536			1,572			1,491						22									4,660			4,484						176
Noninterest expense notable items:
Depreciation on operating lease equipment (2)						(100)			(101)			(101)			(102)			(98)						1									(302)			(296)						(6)
Maintenance and other operating lease equipment expense (2)						(66)			(67)			(65)			(64)			(67)						1									(198)			(180)						(18)
Personnel cost (3)						(6)			(8)			(12)			—			(6)						2									(26)			(6)						(20)
Professional fees (4)						(4)			(5)			(6)			—			—						1									(15)			—						(15)
FDIC insurance special assessment						—			—			—			12			—						—									—			—						—
Acquisition-related expenses						(18)			(8)			(5)			(33)			(28)						(10)									(31)			(108)						77
Intangible asset amortization						(14)			(11)			(13)			(13)			(13)						(3)									(38)			(41)						3
Other noninterest expense (5)						(10)			(5)			(4)			(4)			—						(5)									(19)			(18)						(1)
Total noninterest expense notable items						(218)			(205)			(206)			(204)			(212)						(13)									(629)			(649)						20
Adjusted noninterest expense (non-GAAP) (b)						1,355			1,346			1,330			1,368			1,279						9									4,031			3,835						196
Impact of notable items on adjusted pre-tax income (a)-(b)						59			15			34			18			31						44									108			147						(39)
Less: income tax impact of notable items (6)						13			(4)			8			(50)			12						17									17			51						(34)
Impact of notable items on adjusted net income						$	46		$	19		$	26		$	68		$	19					$	27								$	91		$	96					$	(5)
Impact of notable items on adjusted basic and diluted EPS						$	4.14		$	1.57		$	2.23		$	5.46		$	1.54					$	2.57								$	7.88		$	7.33					$	0.55
Weighted average common shares outstanding (basic and diluted)						11,250,519			11,535,792			11,924,899			12,363,028			12,849,339						(285,273)									11,567,933			13,217,940						(1,650,007)

(1) Notable items include income and expense for infrequent transactions and certain recurring items (typically noncash) that management believes should be excluded from adjusted measures (non-GAAP) to enhance understanding of operations and comparability to historical periods. Management utilizes both GAAP and adjusted measures (non-GAAP) to analyze BancShares’ performance. Refer to subsequent pages of this financial supplement for a reconciliation of non-GAAP measures to the most directly comparable GAAP measures.

(2) Depreciation and maintenance and other operating lease expenses are deducted from rental income on operating lease equipment to calculate adjusted rental income on operating lease equipment (non-GAAP). There is no net impact to earnings for this non-GAAP item because adjusted noninterest income and expense are reduced by the same amount. Management believes adjusted rental income on operating lease equipment (non-GAAP) is meaningful because it helps management monitor the performance and profitability of the operating leases after deducting direct expenses. Refer to subsequent pages of this financial supplement for a reconciliation of non-GAAP measures to the most directly comparable GAAP measures.

(3) Personnel cost in 3Q26, 2Q26, and 1Q26 includes severance and retention costs in connection with business optimization; 3Q25 includes impairment of internal use software under development.

(4) Professional fees include costs for risk transformation and strategic enhancements to technology in 3Q26, 2Q26, and 1Q26.

(5) Other noninterest expense includes certain litigation expenses in 3Q26, 2Q26, and 1Q26, impairment of internal use software under development in 3Q26, a nonrecurring earnings credit accrual in 3Q26, a write-off of other assets in 1Q26, and a technology fee in 4Q25.

(6) For the periods presented, the income tax impact may include tax discrete items and changes in the estimated annualized effective tax rate.

4

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Average Balance Sheets

			Three Months Ended																		Increase (Decrease) From LQ									Nine Months Ended									Increase (Decrease) From PYTD
dollars in millions			September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025															September 30, 2026			September 30, 2025
Loans and leases (1) (2)			$	153,107		$	149,275		$	148,666		$	145,689		$	141,785					$	3,832		2.6		%				$	150,366		$	140,668					$	9,698		6.9		%
Investment securities			44,732			42,891			41,757			44,306			44,827						1,841			4.3						43,138			44,110						(972)			(2.2)
Securities purchased under agreements to resell			355			323			305			285			284						32			9.9						327			268						59			22.4
Interest-earning deposits at banks			21,538			21,501			21,824			23,014			24,146						37			0.2						21,620			23,386						(1,766)			(7.6)
Total interest-earning assets (2)			$	219,732		$	213,990		$	212,552		$	213,294		$	211,042					$	5,742		2.7		%				$	215,451		$	208,432					$	7,019		3.4		%
Operating lease equipment, net			$	9,785		$	9,728		$	9,660		$	9,495		$	9,463					$	57		0.6		%				$	9,724		$	9,412					$	312		3.3		%
Cash and due from banks			749			1,161			921			847			757						(412)			(35.5)						943			785						158			20.2
Allowance for loan and lease losses			(1,510)			(1,579)			(1,587)			(1,649)			(1,702)						69			4.4						(1,558)			(1,707)						149			8.7
All other noninterest-earning assets			11,971			11,900			11,635			11,445			10,969						71			0.6						11,837			10,940						897			8.2
Total assets			$	240,727		$	235,200		$	233,181		$	233,432		$	230,529					$	5,527		2.3		%				$	236,397		$	227,862					$	8,535		3.7		%
Interest-bearing deposits
Checking with interest			$	27,175		$	26,146		$	25,341		$	23,907		$	23,028					$	1,029		3.9		%				$	26,227		$	23,292					$	2,935		12.6		%
Money market			41,214			40,889			41,196			39,792			39,396						325			0.8						41,100			38,055						3,045			8.0
Savings			51,872			48,357			46,720			46,618			47,005						3,515			7.3						49,002			45,707						3,295			7.2
Time deposits			16,511			13,993			11,946			11,116			11,146						2,518			18.0						14,167			11,752						2,415			20.5
Total interest-bearing deposits			136,772			129,385			125,203			121,433			120,575						7,387			5.7						130,496			118,806						11,690			9.8
Borrowings:
Securities sold under customer repurchase agreements			$	145		$	162		$	197		$	265		$	442					$	(17)		(10.7)		%				168			447						(279)			(62.4)		%
Senior unsecured borrowings			2,031			1,136			718			556			555						895			78.8						1,300			428						872			203.8
Subordinated debt			1,729			1,755			1,771			1,774			1,350						(26)			(1.5)						1,751			1,262						489			38.8
Other borrowings			26,717			30,176			32,648			35,601			35,911						(3,459)			(11.5)						29,825			35,878						(6,053)			(16.9)
Long-term borrowings			30,477			33,067			35,137			37,931			37,816						(2,590)			(7.8)						32,876			37,568						(4,692)			(12.5)
Total borrowings			30,622			33,229			35,334			38,196			38,258						(2,607)			(7.8)						33,044			38,015						(4,971)			(13.1)
Total interest-bearing liabilities			$	167,394		$	162,614		$	160,537		$	159,629		$	158,833					$	4,780		2.9		%				$	163,540		$	156,821					$	6,719		4.3		%
Noninterest-bearing deposits			$	41,910		$	41,254		$	40,724		$	41,758		$	40,049					$	656		1.6		%				$	41,300		$	39,431					$	1,869		4.7		%
Credit balances of factoring clients			1,482			1,327			1,224			1,358			1,175						155			11.7						1,345			1,141						204			17.9
Other noninterest-bearing liabilities			7,937			7,825			8,209			8,490			8,181						112			1.4						7,990			8,058						(68)			(0.8)
Stockholders' equity			22,004			22,180			22,487			22,197			22,291						(176)			(0.8)						22,222			22,411						(189)			(0.8)
Total liabilities and stockholders’ equity			$	240,727		$	235,200		$	233,181		$	233,432		$	230,529					$	5,527		2.3		%				$	236,397		$	227,862					$	8,535		3.7		%
(1) Loans and leases include nonaccrual loans and loans held for sale. Interest income on loans and leases includes loan PAA income and loan fees.
(2) The average balances and yields for loans and leases are calculated net of average credit balances of factoring clients to appropriately reflect the interest-earning portion of factoring receivables.
Note: Certain items above do not precisely recalculate as presented due to rounding.

5

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Net Interest Income

			Three Months Ended																		Increase (Decrease) From LQ									Nine Months Ended									Increase (Decrease) From PYTD
dollars in millions			September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025															September 30, 2026			September 30, 2025
Loans and leases (1) (2)			$	2,341		$	2,253		$	2,206		$	2,290		$	2,300					$	88		3.9		%				$	6,800		$	6,806					$	(6)		(0.1)		%
Investment securities			423			398			382			421			430						25			6.2						1,203			1,257						(54)			(4.3)
Securities purchased under agreements to resell			4			3			2			3			3						1			12.8						9			9						—			—
Interest-earning deposits at banks			197			197			196			226			265						—			—						590			766						(176)			(23.0)
Total interest-earning assets (2)			$	2,965		$	2,851		$	2,786		$	2,940		$	2,998					$	114		4.0		%				$	8,602		$	8,838					$	(236)		(2.7)		%
Interest-bearing deposits
Checking with interest			$	113		$	104		$	95		$	94		$	99					$	9		9.3		%				$	312		$	300					$	12		4.4		%
Money market			250			240			242			260			280						10			4.1						732			806						(74)			(9.3)
Savings			461			420			398			412			435						41			9.6						1,279			1,280						(1)			(0.1)
Time deposits			147			117			98			95			97						30			26.0						362			312						50			16.0
Total interest-bearing deposits			971			881			833			861			911						90			10.2						2,685			2,698						(13)			(0.5)
Borrowings:
Securities sold under customer repurchase agreements			—			—			—			—			1						—			—						—			2						(2)			(100.0)
Senior unsecured borrowings			27			14			10			7			7						13			85.0						51			17						34			204.9
Subordinated debt			23			24			23			24			17						(1)			1.5						70			44						26			58.0
Other borrowings			245			276			299			326			328						(31)			(11.5)						820			985						(165)			(16.8)
Long-term borrowings			295			314			332			357			352						(19)			(6.1)						941			1,046						(105)			(10.1)
Total borrowings			295			314			332			357			353						(19)			(6.1)						941			1,048						(107)			(10.2)
Total interest-bearing liabilities			$	1,266		$	1,195		$	1,165		$	1,218		$	1,264					$	71		5.9		%				$	3,626		$	3,746					$	(120)		(3.2)		%
Net interest income			$	1,699		$	1,656		$	1,621		$	1,722		$	1,734					$	43		2.6		%				$	4,976		$	5,092					$	(116)		(2.3)		%
(1) Loans and leases include nonaccrual loans and loans held for sale. Interest income on loans and leases includes loan PAA income and loan fees.
(2) The average balances and yields for loans and leases are calculated net of average credit balances of factoring clients to appropriately reflect the interest-earning portion of factoring receivables.
Note: Certain items above do not precisely recalculate as presented due to rounding.

6

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Yields, Rates, Net Interest Margin, and Deposits by Type

			Three Months Ended																		Increase  (Decrease) From LQ  in bps						Nine Months Ended									Increase (Decrease) From PYTD in bps
			September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025												September 30, 2026			September 30, 2025
Loans and leases (1) (2)			6.07		%	6.05		%	6.01		%	6.24		%	6.44		%				2						6.04		%	6.46		%				(42)
Investment securities			3.77			3.72			3.67			3.80			3.83						5						3.72			3.80						(8)
Securities purchased under agreements to resell			3.66			3.60			3.65			4.00			4.32						6						3.64			4.34						(70)
Interest-earning deposits at banks			3.64			3.67			3.64			3.90			4.36						(3)						3.65			4.38						(73)
Total interest-earning assets (2)			5.36		%	5.34		%	5.30		%	5.48		%	5.64		%				2						5.33		%	5.66		%				(33)
Interest-bearing deposits
Checking with interest			1.66		%	1.60		%	1.52		%	1.57		%	1.70		%				6						1.59		%	1.72		%				(13)
Money market			2.40			2.35			2.38			2.59			2.82						5						2.38			2.83						(45)
Savings			3.52			3.48			3.46			3.51			3.66						4						3.49			3.74						(25)
Time deposits			3.54			3.36			3.31			3.38			3.45						18						3.42			3.55						(13)
Total interest-bearing deposits			2.82			2.73			2.70			2.81			3.00						9						2.75			3.04						(29)
Borrowings:
Securities sold under customer repurchase agreements			0.37			0.35			0.37			0.52			0.51						2						0.36			0.53						(17)
Senior unsecured borrowings			5.31			5.13			5.23			5.27			5.27						18						5.22			5.20						2
Subordinated debt			5.43			5.27			5.28			5.20			5.02						16						5.32			4.68						64
Other borrowings			3.66			3.66			3.66			3.67			3.66						—						3.66			3.66						—
Long-term borrowings			3.87			3.80			3.78			3.76			3.73						7						3.81			3.71						10
Total borrowings			3.85			3.78			3.76			3.74			3.70						7						3.80			3.67						13
Total interest-bearing liabilities			3.01		%	2.95		%	2.93		%	3.03		%	3.16		%				6						2.96		%	3.19		%				(23)
Net interest income
Net interest spread (2)			2.35		%	2.39		%	2.37		%	2.45		%	2.48		%				(4)						2.37		%	2.47		%				(10)
Net interest margin (2)			3.07		%	3.10		%	3.09		%	3.20		%	3.26		%				(3)						3.09		%	3.26		%				(17)
(1) Loans and leases include nonaccrual loans and loans held for sale. Interest income on loans and leases includes loan PAA income and loan fees.
(2) The average balances and yields for loans and leases are calculated net of average credit balances of factoring clients to appropriately reflect the interest-earning portion of factoring receivables.
Note: Certain items above do not precisely recalculate as presented due to rounding.

Deposits by Type
dollars in millions			September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025						Increase (Decrease) From LQ
Noninterest-bearing demand			$	42,402		$	42,475		$	43,606		$	40,653		$	42,752					$	(73)		(0.2)		%
Checking with interest			28,349			25,778			25,599			24,377			23,731						2,571			10.0
Money market			42,906			39,964			41,136			38,687			38,718						2,942			7.4
Savings			53,465			50,083			47,258			46,625			46,915						3,382			6.8
Time			18,142			15,127			13,243			11,236			11,074						3,015			19.9
Total deposits			$	185,264		$	173,427		$	170,842		$	161,578		$	163,190					$	11,837		6.8		%

7

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Loans and Credit Quality

Loans and Leases by Class																					Increase (Decrease) From LQ
dollars in millions			September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025
Commercial
Commercial and industrial			$	48,684		$	46,574		$	45,753		$	44,721		$	44,909					$	2,110		4.5		%
Capital call lines			38,126			34,203			32,274			31,791			28,643						3,923			11.5
Owner occupied commercial mortgage			18,346			17,904			17,502			17,660			17,232						442			2.5
Investor dependent			2,582			2,624			2,714			2,778			2,772						(42)			(1.6)
Commercial real estate			23,038			23,233			23,707			23,784			23,255						(195)			(0.8)
Total commercial			130,776			124,538			121,950			120,734			116,811						6,238			5.0
Consumer
Residential mortgage			21,516			21,566			21,698			21,861			22,653						(50)			(0.2)
Revolving mortgage			2,853			2,868			2,863			2,863			2,794						(15)			(0.6)
Auto			1,224			1,261			1,332			1,416			1,463						(37)			(2.9)
Other consumer			821			801			849			1,056			1,037						20			2.4
Total consumer			26,414			26,496			26,742			27,196			27,947						(82)			(0.3)
Total loans and leases			157,190			151,034			148,692			147,930			144,758						6,156			4.1
Less: allowance for loan and lease losses			(1,436)			(1,484)			(1,558)			(1,566)			(1,652)						(48)			(3.2)
Total loans and leases, net of allowance for loan and lease losses			$	155,754		$	149,550		$	147,134		$	146,364		$	143,106					$	6,204		4.1		%

Accruing Loans, 30-89 Days Past Due																					Increase (Decrease) From LQ
dollars in millions			September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025
Commercial
Commercial and industrial			$	161		$	204		$	251		$	288		$	325					$	(43)		(20.8)		%
Capital call lines			—			—			31			—			—						—			—
Owner occupied commercial mortgage			96			85			89			97			52						11			13.7
Investor dependent			2			5			8			12			3						(3)			(59.3)
Commercial real estate			72			28			97			252			119						44			153.2
Total commercial			331			322			476			649			499						9			3.0
Consumer
Residential mortgage			122			155			173			210			151						(33)			(21.6)
Revolving mortgage			24			28			27			29			19						(4)			(16.0)
Auto			14			13			12			18			12						1			4.4
Other consumer			7			7			6			8			7						—			—
Total consumer			167			203			218			265			189						(36)			(18.2)
Total loans and leases			$	498		$	525		$	694		$	914		$	688					$	(27)		(5.2)		%
As a percentage of total loans
Commercial
Commercial and industrial			0.33		%	0.44		%	0.55		%	0.65		%	0.72		%				(11)			bps
Capital call lines			—			—			0.10			—			—						—
Owner occupied commercial mortgage			0.52			0.47			0.51			0.55			0.30						5
Investor dependent			0.08			0.20			0.30			0.44			0.09						(12)
Commercial real estate			0.31			0.12			0.41			1.06			0.51						19
Total commercial			0.25			0.26			0.39			0.54			0.43						(1)
Consumer
Residential mortgage			0.57			0.72			0.79			0.96			0.67						(15)
Revolving mortgage			0.84			0.99			0.92			1.04			0.69						(15)
Auto			1.12			1.04			0.92			1.24			0.84						8
Other consumer			0.87			0.84			0.76			0.76			0.63						3
Total consumer			0.63			0.77			0.81			0.97			0.68						(14)
Total loans and leases			0.32		%	0.35		%	0.47		%	0.62		%	0.48		%				(3)			bps

8

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Loans and Credit Quality

Accruing Loans, 90+ Days Past Due																					Increase (Decrease) From LQ
dollars in millions			September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025
Commercial
Commercial and industrial			$	6		$	37		$	35		$	63		$	10					$	(31)		(83.5)		%
Capital call lines			—			—			—			—			—						—			—
Owner occupied commercial mortgage			17			14			16			1			—						3			19.8
Investor dependent			—			—			—			—			—						—			—
Commercial real estate			78			197			185			171			191						(119)			(60.1)
Total commercial			101			248			236			235			201						(147)			(59.1)
Consumer
Residential mortgage			1			7			7			7			6						(6)			(83.8)
Revolving mortgage			—			—			—			—			—						—			—
Auto			—			—			—			—			—						—			—
Other consumer			2			1			2			2			2						1			25.2
Total consumer			3			8			9			9			8						(5)			(64.6)
Total loans and leases			$	104		$	256		$	245		$	244		$	209					$	(152)		(59.3)		%
As a percentage of total loans
Commercial
Commercial and industrial			0.01		%	0.08		%	0.08		%	0.14		%	0.02		%				(7)			bps
Capital call lines			—			—			—			—			—						—
Owner occupied commercial mortgage			0.09			0.08			0.09			—			—						1
Investor dependent			—			—			—			—			—						—
Commercial real estate			0.34			0.85			0.78			0.72			0.82						(51)
Total commercial			0.08			0.20			0.19			0.19			0.17						(12)
Consumer
Residential mortgage			0.01			0.03			0.03			0.03			0.03						(2)
Revolving mortgage			—			—			0.01			—			—						—
Auto			—			—			—			—			—						—
Other consumer			0.23			0.18			0.24			0.20			0.22						5
Total consumer			0.01			0.03			0.04			0.03			0.03						(2)
Total loans and leases			0.07		%	0.17		%	0.17		%	0.16		%	0.15		%				(10)			bps

9

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Loans and Credit Quality

Nonaccrual Loans																					Increase (Decrease) From LQ
dollars in millions			September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025
Commercial
Commercial and industrial			$	466		$	498		$	461		$	456		$	595					$	(32)		(6.6)		%
Capital call lines			—			—			—			—			—						—			—
Owner occupied commercial mortgage			180			153			162			159			158						27			17.4
Investor dependent			28			41			37			49			61						(13)			(31.2)
Commercial real estate			430			512			524			418			383						(82)			(16.1)
Total commercial			1,104			1,204			1,184			1,082			1,197						(100)			(8.4)
Consumer
Residential mortgage			218			196			196			179			167						22			11.4
Revolving mortgage			34			35			38			35			33						(1)			(2.3)
Auto			9			10			10			9			8						(1)			(3.5)
Other consumer			1			1			1			2			1						—			—
Total consumer			262			242			245			225			209						20			8.8
Total loans and leases			$	1,366		$	1,446		$	1,429		$	1,307		$	1,406					$	(80)		(5.5)		%
As a percentage of total loans
Commercial
Commercial and industrial			0.96		%	1.07		%	1.01		%	1.02		%	1.33		%				(11)			bps
Capital call lines			—			—			—			—			—						—
Owner occupied commercial mortgage			0.98			0.86			0.93			0.90			0.91						12
Investor dependent			1.08			1.54			1.35			1.75			2.19						(46)
Commercial real estate			1.86			2.20			2.21			1.76			1.65						(34)
Total commercial			0.84			0.97			0.97			0.90			1.02						(13)
Consumer
Residential mortgage			1.01			0.91			0.90			0.82			0.74						10
Revolving mortgage			1.21			1.23			1.31			1.22			1.18						(2)
Auto			0.75			0.76			0.77			0.67			0.57						(1)
Other consumer			0.17			0.16			0.14			0.19			0.13						1
Total consumer			1.00			0.91			0.92			0.83			0.75						9
Total loans and leases			0.87		%	0.96		%	0.96		%	0.88		%	0.97		%				(9)			bps
Other Real Estate Owned
dollars in millions
Other real estate owned			$	77		$	113		$	110		$	119		$	95					$	(36)		(32.0)		%

Criticized Commercial Loans (1)																					Increase (Decrease) From LQ
dollars in millions			September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025
Commercial and industrial			$	3,293		$	3,272		$	3,434		$	3,487		$	3,678					$	21		0.7		%
Capital call lines			—			—			—			—			—						—			—
Owner occupied commercial mortgage			961			924			1,004			978			1,064						37			4.0
Investor dependent			580			584			577			646			617						(4)			(0.9)
Commercial real estate			1,508			1,557			1,620			1,779			1,816						(49)			(3.2)
Total criticized commercial loans			$	6,342		$	6,337		$	6,635		$	6,890		$	7,175					$	5		0.1		%
As a percentage of loans
Commercial and industrial			6.76		%	7.02		%	7.51		%	7.80		%	8.19		%				(26)			bps
Capital call lines			—			—			—			—			—						—
Owner occupied commercial mortgage			5.24			5.16			5.74			5.54			6.17						8
Investor dependent			22.44			22.28			21.28			23.22			22.26						16
Commercial real estate			6.55			6.70			6.84			7.48			7.81						(15)
Total criticized commercial loans			4.85		%	5.09		%	5.44		%	5.71		%	6.14		%				(24)			bps
(1) Consists of commercial loans rated as special mention, substandard, or doubtful.

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Loans and Credit Quality

Net Charge-offs			Three Months Ended																		Increase (Decrease) From LQ									Nine Months Ended									Increase (Decrease) From PYTD
dollars in millions			September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025															September 30, 2026			September 30, 2025
Commercial
Commercial and industrial			$	51		$	63		$	84		$	76		$	184					$	(12)		(17.4)		%				$	198		$	325					$	(127)		(38.7)		%
Capital call lines			—			—			—			—			—						—			—						—			—						—			—
Owner occupied commercial mortgage			—			1			4			4			2						(1)			(100.0)						5			3						2			81.7
Investor dependent			16			12			5			20			17						4			29.6						33			71						(38)			(53.0)
Commercial real estate			31			27			12			39			23						4			16.6						70			82						(12)			(15.1)
Total commercial			98			103			105			139			226						(5)			(3.7)						306			481						(175)			(36.2)
Consumer
Residential mortgage			(1)			—			(1)			(1)			4						(1)			(100.0)						(2)			3						(5)			(181.7)
Revolving mortgage			1			(1)			—			—			—						2			307.2						—			(1)						1			100.0
Auto			1			2			1			1			—						(1)			(12.7)						4			2						2			39.9
Other consumer			4			4			6			4			4						—			—						14			12						2			17.7
Total consumer			5			5			6			4			8						—			—						16			16						—			—
Total net charge-offs			$	103		$	108		$	111		$	143		$	234					$	(5)		(4.0)		%				$	322		$	497					$	(175)		(35.2)		%
Net charge-off ratio (1)
Commercial
Commercial and industrial			0.44		%	0.55		%	0.73		%	0.68		%	1.65		%				(11)			bps						0.57		%	0.98		%				(41)			bps
Capital call lines			—			—			—			—			—						—									—			—						—
Owner occupied commercial mortgage			—			0.02			0.09			0.09			0.05						(2)									0.03			0.02						1
Investor dependent			2.42			1.82			0.77			2.88			2.44						60									1.65			3.21						(156)
Commercial real estate			0.53			0.45			0.21			0.67			0.39						8									0.40			0.47						(7)
Total commercial			0.31			0.33			0.34			0.47			0.78						(2)									0.33			0.56						(23)
Consumer																														—			—
Residential mortgage			(0.02)			(0.01)			—			(0.02)			0.07						(1)									(0.01)			0.01						(2)
Revolving mortgage			0.03			(0.01)			(0.04)			(0.02)			—						4									(0.01)			(0.02)						1
Auto			0.35			0.30			0.53			0.23			0.25						5									0.39			0.25						14
Other consumer			1.95			2.08			2.28			1.54			1.42						(13)									2.06			1.56						50
Total consumer			0.06			0.07			0.10			0.05			0.12						(1)									0.08			0.08						—
Total net charge-offs (2)			0.27		%	0.29		%	0.30		%	0.39		%	0.65		%				(2)			bps						0.28		%	0.47		%				(19)			bps
(1) Annualized net charge-offs as a percentage of average loans (calculated as the average of beginning and ending balances unless otherwise noted).
(2) Annualized net charge-offs as a percentage of the average daily balance for the period.

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Loans and Credit Quality

Allowance for Loan and Lease Losses (ALLL)			Three Months Ended																		Increase (Decrease) From LQ									Nine Months Ended									Increase (Decrease) From PYTD
dollars in millions			September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025															September 30, 2026			September 30, 2025
ALLL at beginning of period			$	1,484		$	1,558		$	1,566		$	1,652		$	1,672					$	(74)		(4.7)		%				$	1,566		$	1,676					$	(110)		(6.5)		%
BMO PSL ALLL (1)			5			—			—			—			—						5			NM						5			—						5			NM
Provision for loan and lease losses			50			34			103			57			214						16			48.2						187			473						(286)			(60.5)
Charge-offs			(135)			(130)			(132)			(174)			(256)						5			4.3						(397)			(567)						(170)			(30.0)
Recoveries			32			22			21			31			22						10			43.9						75			70						5			7.0
Net charge-offs			(103)			(108)			(111)			(143)			(234)						(5)			(4.0)						(322)			(497)						(175)			(35.1)
ALLL at end of period			$	1,436		$	1,484		$	1,558		$	1,566		$	1,652					$	(48)		(3.2)		%				$	1,436		$	1,652					$	(216)		(13.1)		%

(1) ALLL for purchased seasoned loans acquired in the acquisition of 138 BMO Bank N.A. branches completed on September 4, 2026.

Allowance for Loan and Lease Losses (ALLL)																					Increase (Decrease) From LQ
dollars in millions			September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025
Commercial
Commercial and industrial			$	736		$	740		$	808		$	807		$	814					$	(4)		(0.6)		%
Capital call lines			29			28			29			29			29						1			3.4
Owner occupied commercial mortgage			64			60			52			50			52						4			6.5
Investor dependent			146			170			166			181			201						(24)			(14.0)
Commercial real estate			319			355			373			369			428						(36)			(10.1)
Total commercial			1,294			1,353			1,428			1,436			1,524						(59)			(4.4)
Consumer
Residential mortgage			80			72			70			67			69						8			11.2
Revolving mortgage			25			27			28			26			22						(2)			(8.1)
Auto			10			10			9			9			10						—			—
Other consumer			27			22			23			28			27						5			24.8
Total consumer			142			131			130			130			128						11			8.2
Total ALLL			$	1,436		$	1,484		$	1,558		$	1,566		$	1,652					$	(48)		(3.3)		%
As a percentage of loans
Commercial
Commercial and industrial			1.51		%	1.59		%	1.77		%	1.80		%	1.82		%				(8)			bps
Capital call lines			0.08			0.08			0.09			0.09			0.10						—
Owner occupied commercial mortgage			0.35			0.33			0.30			0.28			0.30						2
Investor dependent			5.65			6.46			6.12			6.52			7.24						(81)
Commercial real estate			1.38			1.53			1.58			1.55			1.84						(15)
Total commercial			0.99			1.09			1.17			1.19			1.31						(10)
Consumer
Residential mortgage			0.37			0.33			0.32			0.31			0.30						4
Revolving mortgage			0.87			0.94			0.96			0.89			0.78						(7)
Auto			0.81			0.83			0.70			0.67			0.66						(2)
Other consumer			3.35			2.75			2.71			2.62			2.54						60
Total consumer			0.54			0.49			0.48			0.48			0.45						5
Total loans and leases			0.91		%	0.98		%	1.05		%	1.06		%	1.14		%				(7)			bps

Provision for Credit Losses			Three Months Ended																		Increase (Decrease) From LQ									Nine Months Ended															Increase (Decrease) From PYTD
dollars in millions			September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025															September 30, 2026			September 30, 2025
Provision for loan and lease losses			$	50		$	34		$	103		$	57		$	214					$	16		48.2		%				$	187		$	473											(286)			(60.5)		%
Provision (benefit) for off-balance sheet credit exposure			6			(44)			(32)			(5)			(23)						50			112.8						(70)			(13)												(57)			(439.5)
(Benefit) provision for other receivables			(1)			—			1			2			—						(1)			NM						—			—												—			—
Provision (benefit) for credit losses			$	55		$	(10)		$	72		$	54		$	191					$	65		650.2		%				$	117		$	460											$	(343)		(74.6)		%

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Statements of Income by Segment

General Bank			Three Months Ended																		Increase (Decrease) From LQ									Nine Months Ended									Increase (Decrease) From PYTD
dollars in millions			September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025															September 30, 2026			September 30, 2025
Net interest income			$	829		$	819		$	813		$	841		$	846					$	10		1.2		%				$	2,461		$	2,458											$	3		0.1		%
Total noninterest income			184			187			172			170			166						(3)			(1.6)						543			494												49			9.9
Total revenue			1,013			1,006			985			1,011			1,012						7			0.7						3,004			2,952												52			1.8
Personnel cost			225			209			215			211			210						16			7.9						649			627												22			3.6
All other noninterest expense			397			392			385			393			372						5			1.4						1,174			1,100												74			6.7
Total noninterest expense			622			601			600			604			582						21			3.7						1,823			1,727												96			5.6
Provision for credit losses			37			54			17			17			1						(17)			(26.6)						108			60												48			84.6
Income before income taxes			354			351			368			390			429						3			0.2						1,073			1,165												(92)			(8.2)
Income tax expense			88			85			90			82			109						3			3.1						263			298												(35)			(11.8)
Net income			$	266		$	266		$	278		$	308		$	320					$	—		—		%				$	810		$	867											$	(57)		(6.9)		%

Commercial Bank			Three Months Ended																		Increase (Decrease) From LQ									Nine Months Ended									Increase (Decrease) From PYTD
dollars in millions			September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025															September 30, 2026			September 30, 2025
Net interest income			$	848		$	805		$	802		$	834		$	796					$	43		5.3		%				$	2,455		$	2,371											$	84		3.5		%
Noninterest Income
Rental income on operating lease equipment			51			54			55			55			54						(3)			(3.5)						160			164												(4)			(2.4)
All other noninterest income			269			270			230			241			236						(1)			(0.3)						769			665												104			15.7
Total noninterest income			320			324			285			296			290						(4)			(0.8)						929			829												100			12.1
Total revenue			1,168			1,129			1,087			1,130			1,086						39			3.5						3,384			3,200												184			5.8
Noninterest Expense
Personnel cost			186			186			199			180			184						—			—						571			557												14			2.6
Depreciation on operating lease equipment			41			43			43			44			43						(2)			(3.8)						127			131												(4)			(3.4)
All other noninterest expense			398			400			404			432			412						(2)			(0.2)						1,202			1,254												(52)			(4.1)
Total noninterest expense			625			629			646			656			639						(4)			(0.5)						1,900			1,942												(42)			(2.1)
Provision (benefit) for credit losses			18			(64)			55			37			190						82			128.1						9			400												(391)			(97.8)
Income before income taxes			525			564			386			437			257						(39)			(6.9)						1,475			858												617			71.8
Income tax expense			131			136			95			102			64						(5)			(3.9)						362			218												144			65.1
Net income			$	394		$	428		$	291		$	335		$	193					$	(34)		(7.9)		%				$	1,113		$	640											$	473		74.0		%

Rental Income on Operating Lease Equipment (non-GAAP)			Three Months Ended																		Increase (Decrease) From LQ									Nine Months Ended									Increase (Decrease) From PYTD
dollars in millions			September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025															September 30, 2026			September 30, 2025
Rental income on operating leases (GAAP)			$	51		$	54		$	55		$	55		$	54					$	(3)		(3.5)		%				$	160		$	164											$	(4)		(2.4)		%
Less: depreciation on operating lease equipment			41			43			43			44			43						(2)			(3.8)						127			131												(4)			(3.4)
Adjusted rental income on operating lease equipment (non-GAAP)			$	10		$	11		$	12		$	11		$	11					$	(1)		(9.1)		%				$	33		$	33											$	—		—		%

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Statements of Income by Segment

Rail			Three Months Ended																		Increase (Decrease) From LQ									Nine Months Ended									Increase (Decrease) From PYTD
dollars in millions			September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025															September 30, 2026			September 30, 2025
Net interest expense			$	(60)		$	(59)		$	(58)		$	(53)		$	(55)					$	(1)		(2.3)		%				$	(177)		$	(160)											$	(17)		(11)		%
Noninterest Income
Rental income on operating lease equipment			237			226			226			226			219						11			4.4						689			651												38			5.8
All other noninterest income			2			7			9			9			2						(5)			(72.3)						18			7												11			165.8
Total noninterest income			239			233			235			235			221						6			2.2						707			658												49			7.5
Total revenue			179			174			177			182			166						5			2.2						530			498												32			6.5
Noninterest Expense
Personnel cost			7			6			8			6			6						1			0.2						21			20												1			4.1
Depreciation on operating lease equipment			59			58			58			58			55						1			1.7						175			165												10			6.1
Maintenance and other operating lease expenses			66			67			65			64			67						(1)			(1.0)						198			180												18			10.2
All other noninterest expense			19			18			17			16			16						1			7.0						54			56												(2)			(4.2)
Total noninterest expense			151			149			148			144			144						2			1.0						448			421												27			6.4
Income before income taxes			28			25			29			38			22						3			8.1						82			77												5			7.6
Income tax expense			7			6			7			9			5						1			11.3						20			19												1			2.3
Net income			$	21		$	19		$	22		$	29		$	17					$	2		7.2		%				$	62		$	58											$	4		9.4		%

Rental Income on Operating Lease Equipment (non-GAAP)			Three Months Ended																		Increase (Decrease) From LQ									Nine Months Ended									Increase (Decrease) From PYTD
dollars in millions			September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025															September 30, 2026			September 30, 2025
Rental income on operating leases (GAAP)			$	237		$	226		$	226		$	226		$	219					$	11		4.4		%				$	689		$	651											$	38		5.8		%
Less: depreciation on operating lease equipment			59			58			58			58			55						1			1.7						175			165												10			6.1
Less: maintenance and other operating lease expenses			66			67			65			64			67						(1)			(1.0)						198			180												18			10.2
Adjusted rental income on operating lease equipment (non-GAAP)			$	112		$	101		$	103		$	104		$	97					$	11		10.9		%				$	316		$	306											$	10		3.3		%

Corporate (1)			Three Months Ended																		Increase (Decrease) From LQ									Nine Months Ended									Increase (Decrease) From PYTD
dollars in millions			September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025															September 30, 2026			September 30, 2025
Net interest income			$	82		$	91		$	64		$	100		$	147					$	(9)		(9.2)		%				$	237		$	423											$	(186)		(43.9)		%
Total noninterest income			(9)			32			—			14			22						(41)			(128.5)						23			31												(8)			(25.8)
Total revenue			73			123			64			114			169						(50)			(40.4)						260			454												(194)			(42.6)
Personnel cost			424			443			447			452			417						(19)			(4.1)						1,314			1,241												73			5.8
Acquisition-related expenses			18			8			5			33			28						10			110.8						31			108												(77)			(71.1)
All other noninterest expense (2)			(267)			(279)			(310)			(317)			(319)						12			4.1						(856)			(955)												99			10.4
Total noninterest expense			175			172			142			168			126						3			1.6						489			394												95			24.1
Provision for credit losses			—			—			—			—			—						—			—						—			—												—			—
(Loss) Income before income taxes			(102)			(49)			(78)			(54)			43						(53)			(100.3)						(229)			60												(289)			(477.1)
Income tax (benefit) expense			(27)			(8)			(21)			38			5						(19)			(206.2)						(56)			(1)												(55)			NM
Net (loss) income			$	(75)		$	(41)		$	(57)		$	(92)		$	38					$	(34)		(77.5)		%				$	(173)		$	61											$	(234)		(374.9)		%

(1) BancShares’ segments include the General Bank, Commercial Bank, and Rail. All other financial information not included in the segments is reported in the Corporate section of the segment disclosures.

(2) Under BancShares’ segment expense allocation methodology, allocated expenses increase noninterest expense of the applicable segment(s), with an offsetting decrease to Corporate noninterest expense. “All other noninterest expense” in the table above includes the effect of allocated expenses, resulting in a reduction to expense (i.e. contra expense) for Corporate.

14

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Loans and Deposits by Segment

Loans and Leases																					Increase (Decrease) From LQ
dollars in millions			September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025
At Period End
General Bank			$	64,988		$	64,355		$	64,367		$	64,958		$	65,225					$	633		1.0		%
Commercial Bank			92,119			86,635			84,263			82,910			79,470						5,484			6.3
Rail and Corporate			83			44			62			62			63						39			88.6
Total loans and leases			$	157,190		$	151,034		$	148,692		$	147,930		$	144,758					$	6,156		4.1		%
			Three Months Ended																		Increase (Decrease) From LQ									Nine Months Ended												Increase (Decrease) From PYTD
dollars in millions			September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025															September 30, 2026			September 30, 2025
Average Balances
General Bank			$	64,581		$	64,385		$	64,884		$	65,324		$	65,059					$	196		0.3		%				$	64,615		$	64,967								$	(352)		(0.5)		%
Commercial Bank			89,567			85,425			83,993			81,400			77,608						4,142			4.9						86,349			76,725									9,624			12.5
Rail and Corporate			367			284			244			220			190						83			29.0						299			126									173			138.2
Total loans and leases			$	154,515		$	150,094		$	149,121		$	146,944		$	142,857					$	4,421		2.9		%				$	151,263		$	141,818								$	9,445		6.7		%

Deposits																					Increase (Decrease) From LQ
dollars in millions			September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025
At Period End
General Bank			$	81,381		$	75,718		$	75,914		$	74,796		$	74,596					$	5,663		7.5		%
Commercial Bank			47,151			45,690			47,191			41,532			42,869						1,461			3.2
Rail			2			2			2			2			2						—			—
Corporate- Direct Bank			51,428			48,222			45,408			44,802			45,146						3,206			6.7
Corporate- Brokered Deposits			4,647			3,325			1,831			—			134						1,322			39.8
Corporate- other (1)			655			470			496			446			443						185			39.4
Corporate			56,730			52,017			47,735			45,248			45,723						4,713			9.1
Total deposits			$	185,264		$	173,427		$	170,842		$	161,578		$	163,190					$	11,837		6.8		%
			Three Months Ended																		Increase (Decrease) From LQ									Nine Months Ended									Increase (Decrease) From PYTD
dollars in millions			September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025															September 30, 2026			September 30, 2025
Average Balances
General Bank			$	77,717		$	75,603		$	75,199		$	75,398		$	73,882					$	2,114		2.8		%				$	76,182		$	73,687					$	2,495		3.4		%
Commercial Bank			46,226			45,200			44,546			42,273			40,619						1,026			2.3						45,330			39,355						5,975			15.2
Rail			2			2			2			2			2						—			—						2			8						(6)			(73.2)
Corporate- Direct Bank			49,995			46,493			44,883			44,818			45,221						3,502			7.5						47,143			44,052						3,091			7.0
Corporate- Brokered Deposits			3,973			2,447			589			41			140						1,526			62.4						2,349			261						2,088			800.0
Corporate- other (1)			769			894			708			659			760						(125)			(14.0)						790			874						(84)			(9.6)
Corporate			54,737			49,834			46,180			45,518			46,121						4,903			9.8						50,282			45,187						5,095			11.3
Total deposits			$	178,682		$	170,639		$	165,927		$	163,191		$	160,624					$	8,043		4.7		%				$	171,796		$	158,237					$	13,559		8.6		%

(1) Includes other deposits not allocated to the General Bank, Commercial Bank or Rail segments.

15

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Purchase Accounting Summary

dollars in millions			September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025
Loans and leases (including off-balance sheet exposure) (1)
Beginning balance - unamortized fair value mark			$	(1,240)		$	(1,300)		$	(1,351)		$	(1,411)		$	(1,483)
Other			1			5			3			1			1
Accretion			50			55			48			59			71
Ending balance			$	(1,189)		$	(1,240)		$	(1,300)		$	(1,351)		$	(1,411)
Core deposits and other intangibles
Beginning balance			$	171		$	182		$	195		$	208		$	221
Additions - BMO Branch Acquisition			192			—			—			—			—
Amortization			(14)			(11)			(13)			(13)			(13)
Ending balance			$	349		$	171		$	182		$	195		$	208
Borrowings (2)
Beginning balance - unamortized fair value mark			$	47		$	61		$	78		$	97		$	107
Amortization			(6)			(7)			(9)			(10)			(10)
Loss on extinguishment of debt			(19)			(7)			(8)			(9)			—
Ending balance			$	22		$	47		$	61		$	78		$	97

Note – The summary above only includes select information and is not intended to represent all purchase accounting adjustments.

(1) Purchase accounting marks on loans and leases is comprised of credit, interest and liquidity components, and are generally recognized using the level-yield or straight-line method over the remaining life of the receivable or in full in the event of prepayment.

(2) Purchase accounting marks on borrowings represent interest rate marks and are recognized using the level-yield method over the remaining term of the liability.

16

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Non-GAAP Reconciliations

						Three Months Ended																		Nine Months Ended
dollars in millions, except share and per share data						September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025						September 30, 2026			September 30, 2025
Net income and EPS
Net income (GAAP)			a			$	606		$	672		$	534		$	580		$	568					$	1,812		$	1,626
Preferred stock dividends						29			32			26			14			14						87			43
Net income available to common stockholders (GAAP)			b			$	577		$	640		$	508		$	566		$	554					$	1,725		$	1,583
Total notable items, after income tax			c			46			19			26			68			19						91			96
Adjusted net income (non-GAAP)			d = (a+c)			652			691			560			648			587						1,903			1,722
Adjusted net income available to common stockholders (non-GAAP)			e = (b+c)			$	623		$	659		$	534		$	634		$	573					$	1,816		$	1,679
Weighted average common shares outstanding
Basic			f			11,250,519			11,535,792			11,924,899			12,363,028			12,849,339						11,567,933			13,217,940
Diluted			g			11,250,519			11,535,792			11,924,899			12,363,028			12,849,339						11,567,933			13,217,940
EPS (GAAP)
Basic			b/f			$	51.23		$	55.52		$	42.63		$	45.81		$	43.08					$	149.14		$	119.70
Diluted			b/g			51.23			55.52			42.63			45.81			43.08						149.14			119.70
Adjusted EPS (non-GAAP)
Basic			e/f			$	55.37		$	57.09		$	44.86		$	51.27		$	44.62					$	157.02		$	127.03
Diluted			e/g			55.37			57.09			44.86			51.27			44.62						157.02			127.03
Noninterest income and expense
Noninterest income (GAAP)			h			$	734		$	776		$	692		$	715		$	699					$	2,202		$	2,012
Impact of notable items, before income tax						(159)			(190)			(172)			(186)			(181)						(521)			(502)
Adjusted noninterest income (non-GAAP)			i			$	575		$	586		$	520		$	529		$	518					$	1,681		$	1,510
Noninterest expense (GAAP)			j			$	1,573		$	1,551		$	1,536		$	1,572		$	1,491					$	4,660		$	4,484
Impact of notable items, before income tax						(218)			(205)			(206)			(204)			(212)						(629)			(649)
Adjusted noninterest expense (non-GAAP)			k			$	1,355		$	1,346		$	1,330		$	1,368		$	1,279					$	4,031		$	3,835
PPNR
Net income (GAAP)			a			$	606		$	672		$	534		$	580		$	568					$	1,812		$	1,626
Plus: provision (benefit) for credit losses						55			(10)			72			54			191						117			460
Plus: income tax expense						199			219			171			231			183						589			534
PPNR (non-GAAP)			l			$	860		$	881		$	777		$	865		$	942					$	2,518		$	2,620
Impact of notable items (1)						59			15			34			18			31						108			147
Adjusted PPNR (non-GAAP)			m			$	919		$	896		$	811		$	883		$	973					$	2,626		$	2,767
(1) Excludes the impact of notable items on income taxes as this is excluded from PPNR as presented in the table above.
Note: Certain items above do not precisely recalculate as presented due to rounding.

17

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Non-GAAP Reconciliations

						Three Months Ended																		Nine Months Ended
dollars in millions						September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025						September 30, 2026			September 30, 2025
ROA
Net income (GAAP)			a			$	606		$	672		$	534		$	580		$	568					$	1,812		$	1,626
Annualized net income			n = a annualized			2,403			2,699			2,164			2,303			2,254						2,423			2,173
Adjusted net income (non-GAAP)			d			652			691			560			648			587						1,903			1,722
Annualized adjusted net income			p = d annualized			2,588			2,771			2,272			2,571			2,332						2,545			2,303
Average assets			o			240,727			235,200			233,181			233,432			230,529						236,397			227,862
ROA			n/o			1.00		%	1.15		%	0.93		%	0.99		%	0.98		%				1.02		%	0.95		%
Adjusted ROA (non-GAAP)			p/o			1.08			1.18			0.97			1.10			1.01						1.08			1.01
PPNR ROA
PPNR (non-GAAP)			l			$	860		$	881		$	777		$	865		$	942					$	2,518		$	2,620
Annualized PPNR			q = l annualized			3,409			3,536			3,152			3,430			3,738						3,366			3,503
Adjusted PPNR (non-GAAP)			m			919			896			811			883			973						2,626			2,767
Annualized adjusted PPNR			r = m annualized			3,646			3,595			3,288			3,504			3,860						3,511			3,700
PPNR ROA (non-GAAP)			q/o			1.42		%	1.50		%	1.35		%	1.47		%	1.62		%				1.42		%	1.54		%
Adjusted PPNR ROA (non-GAAP)			r/o			1.51			1.53			1.41			1.50			1.67						1.49			1.62
ROE and ROTCE
Annualized net income available to common stockholders			s = b annualized			$	2,287		$	2,569		$	2,062		$	2,247		$	2,196					$	2,307		$	2,115
Annualized adjusted net income available to common stockholders			t = e annualized			$	2,471		$	2,642		$	2,170		$	2,515		$	2,275					$	2,429		$	2,245
Average stockholders' equity (GAAP)						$	22,004		$	22,180		$	22,487		$	22,197		$	22,291					$	22,222		$	22,411
Less: average preferred stock						1,819			1,765			1,613			1,117			881						1,733			881
Average common stockholders' equity			u			$	20,185		$	20,415		$	20,874		$	21,080		$	21,410					$	20,489		$	21,530
Less: average goodwill						367			346			346			346			346						353			346
Less: average other intangible assets						224			179			191			204			216						198			230
Average tangible common equity (non-GAAP)			v			$	19,594		$	19,890		$	20,337		$	20,530		$	20,848					$	19,938		$	20,954
ROE			s/u			11.33		%	12.58		%	9.88		%	10.66		%	10.26		%				11.26		%	9.82		%
Adjusted ROE (non-GAAP)			t/u			12.24			12.94			10.39			11.93			10.62						11.85			10.43
ROTCE (non-GAAP)			s/v			11.67			12.92			10.14			10.94			10.53						11.57			10.09
Adjusted ROTCE (non-GAAP)			t/v			12.61			13.28			10.67			12.25			10.91						12.18			10.71
Tangible common equity to tangible assets at period end
Stockholders' equity (GAAP)			w			$	21,577		$	21,900		$	22,048		$	22,238		$	21,986
Less: preferred stock						2,061			1,765			1,765			1,375			881
Common equity			x			$	19,516		$	20,135		$	20,283		$	20,863		$	21,105
Less: goodwill			y			418			346			346			346			346
Less: other intangible assets			z			349			171			182			195			208
Tangible common equity (non-GAAP)			aa			$	18,749		$	19,618		$	19,755		$	20,322		$	20,551
Total assets (GAAP)			bb			241,182			236,842			235,959			229,698			233,488
Tangible assets (non-GAAP)			cc = bb - (y + z)			240,415			236,325			235,431			229,157			232,934
Total equity to total assets (GAAP)			w/bb			8.95		%	9.25		%	9.34		%	9.68		%	9.42		%
Tangible common equity to tangible assets (non-GAAP)			aa/cc			7.80			8.30			8.39			8.87			8.82
Note: Certain items above do not precisely recalculate as presented due to rounding.

18

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Non-GAAP Reconciliations

						Three Months Ended																		Nine Months Ended
dollars in millions, except share and per share data						September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025						September 30, 2026			September 30, 2025
Book value and tangible book value per common share at period end
Common shares outstanding at period end			dd			11,111,579			11,390,407			11,689,314			12,139,159			12,618,629
Book value per share			x/dd			$	1,756.40		$	1,767.79		$	1,735.18		$	1,718.71		$	1,672.54
Tangible book value per common share (non-GAAP)			aa/dd			1,687.41			1,722.35			1,689.96			1,674.11			1,628.64
Efficiency ratio
Net interest income			ee			$	1,699		$	1,656		$	1,621		$	1,722		$	1,734					$	4,976		$	5,092
Efficiency ratio (GAAP)			j / (h + ee)			64.68		%	63.75		%	66.41		%	64.53		%	61.27		%				64.92		%	63.12		%
Adjusted efficiency ratio (non-GAAP)			k / (i + ee)			59.59			60.05			62.13			60.79			56.78						60.56			58.08
Rental income on operating lease equipment
Rental income on operating lease equipment (GAAP)						$	288		$	280		$	281		$	281		$	273					$	849		$	815
Less: depreciation on operating lease equipment						100			101			101			102			98						302			296
Less: maintenance and other operating lease expenses						66			67			65			64			67						198			180
Adjusted rental income on operating lease equipment (non-GAAP)						$	122		$	112		$	115		$	115		$	108					$	349		$	339
Rental income on operating lease equipment: Commercial Bank Segment
Rental income on operating leases (GAAP)						$	51		$	54		$	55		$	55		$	54					$	160		$	164
Less: depreciation on operating lease equipment						41			43			43			44			43						127			131
Adjusted rental income on operating lease equipment (non-GAAP)						$	10		$	11		$	12		$	11		$	11					$	33		$	33
Rental income on operating lease equipment: Rail Segment
Rental income on operating leases (GAAP)						$	237		$	226		$	226		$	226		$	219					$	689		$	651
Less: depreciation on operating lease equipment						59			58			58			58			55						175			165
Less: maintenance and other operating lease expenses						66			67			65			64			67						198			180
Adjusted rental income on operating lease equipment (non-GAAP)						$	112		$	101		$	103		$	104		$	97					$	316		$	306

19

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Non-GAAP Reconciliations

						Three Months Ended																		Nine Months Ended
dollars in millions						September 30, 2026			June 30, 2026			March 31, 2026			December 31, 2025			September 30, 2025						September 30, 2026			September 30, 2025
Net interest income & Net interest margin
Net interest income (GAAP)			ee			$	1,699		$	1,656		$	1,621		$	1,722		$	1,734					$	4,976		$	5,092
Loan PAA			ff			50			55			48			59			71						153			230
Other PAA			gg			(6)			(7)			(9)			(10)			(10)						(22)			(28)
PAA			hh = (ff + gg)			$	44		$	48		$	39		$	49		$	61					$	131		$	202
Net interest income, excluding PAA (non-GAAP)			ii = (ee - hh)			$	1,655		$	1,608		$	1,582		$	1,673		$	1,673					$	4,845		$	4,890
Annualized net interest income			jj = ee annualized			$	6,740		$	6,642		$	6,575		$	6,834		$	6,878					$	6,653		$	6,808
Annualized net interest income, excluding PAA			kk = ii annualized			6,565			6,451			6,416			6,640			6,637						6,478			6,537
Average interest-earning assets			ll			219,732			213,990			212,552			213,294			211,042						215,451			208,432
NIM (GAAP)			jj/ll			3.07		%	3.10		%	3.09		%	3.20		%	3.26		%				3.09		%	3.26		%
NIM, excluding PAA (non-GAAP)			kk/ll			2.99			3.01			3.01			3.11			3.15						3.00			3.13
Interest income on loans (GAAP)						$	2,341		$	2,253		$	2,206		$	2,290		$	2,300					$	6,800		$	6,806
Less: loan PAA			ff			50			55			48			59			71						153			230
Interest income on loans, excluding loan PAA (non-GAAP)						$	2,291		$	2,198		$	2,158		$	2,231		$	2,229					$	6,647		$	6,576
Personnel cost
Personnel cost (GAAP)						$	842		$	844		$	869		$	849		$	817					$	2,555		$	2,445
Less: impact of notable items						6			8			12			—			6						26			6
Adjusted personnel cost (non-GAAP)						$	836		$	836		$	857		$	849		$	811					$	2,529		$	2,439
Professional fees
Professional fees (GAAP)						$	18		$	26		$	24		$	34		$	26					$	68		$	81
Less: impact of notable items						4			5			6			—			—						15			—
Adjusted professional fees (non-GAAP)						$	14		$	21		$	18		$	34		$	26					$	53		$	81
Note: Certain items above do not precisely recalculate as presented due to rounding.

20