Nasdaq SFNC 3 rd Quarter 2025 Earnings Presentation October 16, 2025 Company Overview $24.2 BILLION TOTAL ASSETS $19.8 BILLION TOTAL DEPOSITS $9.3 BILLION ASSETS UNDER MANAGEMENT/ ADMINISTRATION $17.2 BILLION TOTAL LOANS 15.07% TOTAL RBC RATIO 8.53% TCE RATIO1 4.6% DIVIDEND YIELD2 87% LOAN TO DEPOSIT RATIO 1.50% ACL TO TOTAL LOANS 168% NPL COVERAGE RATIO Simmons First National Corporation A Mid-South based financial holding company serving our customers and the communities where we work and live since 1903 ...

Core Insights - Simmons First National Corporation reported a net loss of $562.8 million for Q3 2025, a significant decline compared to net income of $54.8 million in Q2 2025 and $24.7 million in Q3 2024 [3][7][19] - The company successfully raised $327 million in equity capital to reposition its balance sheet, which is expected to unlock future earnings potential despite a one-time loss on bond sales [1][4][19] - Adjusted earnings for Q3 2025 were $64.9 million, reflecting an increase from $56.1 million in Q2 2025 and $46.0 million in Q3 2024 [3][8] Financial Performance - Total revenue for Q3 2025 was $(569.5) million, while adjusted total revenue was $232.5 million [7][8] - Net interest income increased by $14.8 million, or 9%, to $186.7 million compared to Q2 2025 [8][9] - The net interest margin improved by 44 basis points to 3.50%, marking the sixth consecutive quarterly increase [7][9] Balance Sheet and Capital Structure - Total loans at the end of Q3 2025 were $17.2 billion, up 2% on a linked quarter annualized basis [13][14] - Total deposits decreased to $19.8 billion from $21.8 billion in Q2 2025, reflecting a reduction in higher-rate, non-relationship wholesale deposits [14][19] - Total stockholders' equity was $3.4 billion, with a book value per share of $23.18, down from $28.17 in Q2 2025 [19][20] Asset Quality - Nonperforming loans totaled $153.9 million, a decrease from $157.2 million in Q2 2025 [14][15] - The allowance for credit losses on loans was $258.0 million, representing 1.50% of total loans [15][17] - The net charge-off ratio remained stable at 0.25% for Q3 2025 [15][17] Future Outlook - The company expressed optimism about its ability to deliver stronger organic growth in dynamic markets [2][19] - Management indicated that the benefits of the balance sheet repositioning will be more fully realized in future quarters [1][4]

Financial Data and Key Metrics Changes - The company reported earnings of $0.65 per share for Q2 2025, with total loans growing by 1% quarter over quarter and 3% year over year [8][10] - Net interest income reached $300 million, marking a 17% increase compared to the same period last year, and was the highest in the company's history [10][18] - The return on tangible common equity was 12.96%, reflecting a 62 basis point improvement from Q1 [12] Business Line Data and Key Metrics Changes - Commercial and industrial (C&I) loans grew by over $700 million in the first half of 2025, with $356 million added in Q2 alone [6][9] - Total average quarterly loans increased by nearly $400 million compared to Q1, driven primarily by C&I growth [14] - Non-interest income for Q2 was $67 million, a 3% increase year over year, with fee-based revenues and capital markets income contributing to this growth [11][23] Market Data and Key Metrics Changes - Core customer deposits were up 4.3% compared to the same period last year, despite seasonal outflows in Q2 [10][15] - The net interest margin climbed above 3%, with a 29 basis point increase year over year [13][18] - The securities book increased to $9 billion, with an overall yield of 4.24% [22] Company Strategy and Development Direction - The company is focused on executing its strategic plan, which includes enhancing profitability through a mix shift in its asset base and deepening customer relationships [5][12] - The strategy involves replacing lower-yielding residential mortgage loans with higher-yielding C&I loans, aiming for total bank loan growth of 5% to 6% for the year [12][15] - The company remains open to potential acquisitions but emphasizes that any opportunity must align strategically, financially, and culturally with its goals [68][70] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to grow core customer deposits in the second half of the year, citing strong household growth trends and a growing commercial pipeline [16][41] - The management team remains vigilant regarding credit quality, with a proactive approach to managing portfolios amid macroeconomic uncertainties [7][30] - The company expects net interest income growth of 14-15% in 2025, assuming three Fed rate cuts [20] Other Important Information - The company added 19 basis points to its CET1 capital so far in 2025, reflecting a strong capital position [7][25] - Non-accrual loans decreased by 16%, indicating improved credit quality [11][31] - The efficiency ratio improved to below 56%, the lowest level since early 2023 [24] Q&A Session Summary Question: Seasonal decline in deposits - Management acknowledged the seasonal decline but noted that it was anticipated and that the commercial pipeline for deposits has increased significantly [38][40] Question: Update on office CRE portfolio - Management indicated that the office CRE portfolio is evolving positively, with proactive clients benefiting from improvements [47][49] Question: Margin outlook and deposit pricing strategy - Management discussed the importance of asset remixing for margin strength and emphasized disciplined pricing strategies for deposits [54][60] Question: Thoughts on acquisitions - Management reiterated that any acquisition would need to be a good strategic, financial, and cultural fit, while focusing on executing the current strategic plan [68][70] Question: ACL increase for C&I portfolio - Management explained that the increase in the allowance for credit losses (ACL) for the C&I portfolio is due to growth in that segment, reflecting a proactive risk management approach [71][72]

Core Points - Chemung Financial Corporation reported a net loss of $6.5 million, or $1.35 per share, for Q2 2025, contrasting with net income of $6.0 million, or $1.26 per share, in Q1 2025, and net income of $5.0 million, or $1.05 per share, in Q2 2024 [1] - The company undertook a balance sheet repositioning by issuing subordinated debt and selling a significant portion of its securities portfolio, which is expected to strengthen its regulatory capital position and improve funding flexibility [2] - Core operating results were solid, reflecting the resilience of the customer base and a disciplined organizational approach [3] Financial Performance - Net interest income for Q2 2025 was $20.8 million, up from $19.8 million in Q1 2025, marking a 5.0% increase driven by higher interest income on loans and interest-earning deposits [6] - Interest income on loans increased due to a $30.8 million rise in average loan balances and a 12 basis point increase in average yield on total loans [7] - Interest income on interest-earning deposits rose by $46.2 million in average balances, largely from proceeds of the securities sale and subordinated debt issuance [8] Balance Sheet Activity - Total assets increased to $2.852 billion as of June 30, 2025, up from $2.776 billion at the end of 2024, driven by increases in cash and cash equivalents and loans [38] - Total liabilities rose to $2.618 billion, primarily due to increases in total deposits and subordinated debt [42] - Total shareholders' equity increased to $235.0 million, reflecting a decrease in accumulated other comprehensive loss [46] Non-Interest Income and Expenses - The company recognized a pre-tax loss of $17.5 million on the sale of available for sale securities, leading to negative non-interest income of $10.7 million for the quarter [15] - Non-interest expense for Q2 2025 was $17.8 million, an increase of 5.3% from the prior quarter, driven by higher salaries, benefits, and professional services [18] Asset Quality - Non-performing loans totaled $8.2 million, or 0.39% of total loans, a decrease from $9.0 million, or 0.43%, at the end of 2024 [34] - The allowance for credit losses on loans was $22.7 million, reflecting an increase due to stronger loan growth and changes in economic forecasts [37] Market Position - The market value of total assets under management in the Wealth Management Group increased to $2.313 billion as of June 30, 2025, up from $2.212 billion at the end of 2024 [52] - The company completed the sale of a branch property, resulting in a pre-tax gain of $0.6 million, as part of its ongoing rationalization of physical distribution [53]

December 2024 Investor Presentation NASDAQ: WASH Disclaimers 2 Summary of December Strategic Actions Common stock offering and balance sheet repositioning will result in improved future earnings, higher capital levels to support growth and an improved interest rate risk profile | | | Announced common stock offering on 12/12/2024 | | | --- | --- | --- | --- | | 1 | Common Stock | Issued ~2.2 million new shares at $34 per/share o 6.3% discount to last sale (12/12/2024) | $70 million(1) | | | Offering | Net ca ...

Financial Performance - The company reported adjusted 3Q24 EPS of $0.25, meeting outlook targets for NIM and expenses ahead of schedule[6] - Net Interest Margin (NIM) expanded by 13 bps QoQ to 2.93%[7, 8] - Adjusted Pre-Tax Pre-Provision (PTPP) income was $80 million in 3Q24, compared to $55.6 million in 2Q24[8, 10] - The company's Return on Average Tangible Common Equity (ROATCE) reached 7.30%[8] Balance Sheet Repositioning - The company sold $1.95 billion Civic loan portfolio, freeing up approximately $100 million of capital[6, 15] - $0.7 billion of investment securities were repositioned, expected to expand yield by approximately 270 bps, resulting in a $60 million pre-tax loss[6, 12] - Brokered deposits were reduced by approximately $1.85 billion at an average cost of ~5.35%[15] - The company paid off the remaining $545 million from the Bank Term Funding Program (BTFP) at a cost of ~5.4%[15] Balance Sheet Metrics - The company's Loan-to-Deposit (L/D) ratio was 87.8%, within the target range of 85% to 90%[6] - The Non-Interest-Bearing (NIB) deposit ratio was 29.1%, within the target range of 28% to 29%[6] - The company's CET 1 capital ratio increased by 18 bps to 10.45%[8, 30] Outlook - The company anticipates a NIM of 3.00% to 3.10% in 4Q24, assuming one additional 25 bps rate cut in mid-November[25] - The company expects noninterest expense to be between ~$195 million and $200 million in 4Q24[25]

Core Viewpoint - Associated Banc-Corp reported a strong financial performance for the first quarter of 2025, with net income of $99 million, a significant recovery from a loss in the previous quarter and an increase compared to the same period last year [1][2]. Financial Performance - Net income available to common equity was $99 million, or $0.59 per share, compared to a loss of $164 million, or $1.03 per share in Q4 2024, and earnings of $78 million, or $0.52 per share in Q1 2024 [1]. - The first quarter 2025 net interest income was $286 million, an increase of $16 million from the prior quarter and $28 million from the same period last year [7]. - Noninterest income totaled $59 million, an increase of $266 million from the prior quarter but a decrease of $6 million, or 10%, from the same period last year [11]. Loan and Deposit Growth - Average total loans for Q1 2025 were $30.1 billion, a decrease of $91 million from the prior quarter but an increase of 3%, or $742 million, from the same period last year [5]. - Average deposits for Q1 2025 were $34.8 billion, an increase of 1%, or $496 million, from the prior quarter and an increase of 5%, or $1.6 billion, from the same period last year [6]. Capital and Credit Quality - The CET1 capital ratio was 10.11% as of March 31, 2025, indicating a strong capital position [16]. - The provision for credit losses on loans was $13 million, down from $17 million in the prior quarter and $24 million in the same period last year [15]. Strategic Initiatives - The company achieved key milestones in its strategic plan, including commercial expansion and a record-high net promoter score, contributing to a solid financial quarter [2]. - The company expects loan growth of 5% to 6% and deposit growth of 1% to 2% for the year 2025 compared to the year ended December 31, 2024 [5][6].