Forward-Looking Statements 4Q25 Earnings Presentation Forward-Looking Statements This communication contains forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking statements include, without limitation, statements concerning plans, estimates, calculations, forecasts and projections with respect to the anticipated future performance of the Company. These statements are often, but not always, made through the use of words or phrases such as ''may'', ''might'', ''sh ...

COMMERCE BANCSHARES, INC. EARNINGS HIGHLIGHTS 4th Quarter 2025 ~·~ ltl) Commerce Bancshares, Inc . ...... ,, CAUTIONARY STATEMENT Forward-Looking Statements This presentation may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements about the plans, expectations, goals, projections, and intentions of Commerce Bancshares, Inc. ("Commerce"). Forward-looking statements involve significant risks and uncertainties ...

Core Insights - Eastern Bank has announced The Sourcing Group (TSG) as a new commercial banking customer, indicating a strategic partnership aimed at supporting TSG's financial needs [1] Company Overview - The Sourcing Group (TSG) specializes in technology-enabled solutions that assist clients in optimizing the creation, procurement, fulfillment, and logistics of marketing collateral and branded merchandise [1] Financial Support - Eastern Bank is positioned as a key financial resource to facilitate the ongoing growth and success of TSG, highlighting the bank's commitment to supporting its clients' operational financing needs [1]

Core Points - First Horizon Corporation has authorized a new common stock repurchase program worth $1.2 billion, replacing the previous program which had approximately $180 million remaining [1][2] - The board declared a quarterly cash dividend of $0.15 per share on common stock, payable on January 2, 2026, to shareholders of record by December 12, 2025 [2] - The company reported total assets of $83.2 billion as of September 30, 2025, indicating a strong capital position [8] Stock Repurchase Program - The new repurchase program will be effective from October 27, 2025, and will expire on January 31, 2027 [1] - The execution of share repurchases may occur in the open market or through privately negotiated transactions, with the timing and amount at the discretion of senior management [3] Dividend Information - Cash dividends were declared for various preferred stocks, including: - Series C: $165.00 per share, payable on February 2, 2026 [4] - Series E: $1,625.00 per share, payable on January 12, 2026 [5] - Series F: $1,175.00 per share, payable on January 12, 2026 [6] - First Horizon Bank Class A: $13.15736 per share, payable on January 12, 2026 [7] Company Overview - First Horizon Corporation is a leading regional financial services company headquartered in Memphis, TN, operating in 12 states primarily in the southern U.S. [8][9] - The company offers a wide range of services including commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking [9]

Financial Performance - Total assets decreased by 46% compared to 3Q24, reaching $62498 million[6] - Loans held for investment increased by 21% compared to 3Q24, reaching $44196 million[6] - Total deposits increased by 21% compared to 3Q24, reaching $54790 million[6] - Net interest margin, tax equivalent, increased by 106 bps compared to 3Q24, reaching 357%[6] - Diluted EPS increased by 100% compared to 3Q24, reaching $082[6] - Adjusted EPS increased by 50% compared to 3Q24, reaching $087[6] Credit Risk - Nonperforming assets ratio decreased by 12 bps compared to 2Q25, reaching 054%[6] - Net charge-off ratio increased by 136 bps compared to 2Q25, reaching 138%[6] - Allowance for credit losses ratio decreased by 33 bps compared to 2Q25, reaching 117%[6] Wealth Management - Wealth Management Assets Under Administration reached $343 billion in 2025[24] - Net new asset growth YTD 3Q25 of $75 million[26]

Financial Performance - Net income was $37.2 million, with diluted EPS at $0.82[10] - Pre-Tax Pre-Provision income reached $55.2 million, resulting in a Pre-Tax Pre-Provision ROAA of 2.25%[10] - Net interest income increased by 4.1% to $99.9 million[10] - Non-interest income increased by 9.5% to $15.9 million[37] Balance Sheet & Capital - Total assets reached $9.8 billion[7] - Total loans & leases amounted to $7.5 billion[7] - Total deposits were $7.8 billion[7] - Tangible common equity stood at $1.0 billion[7] - Common Equity Tier 1 was 12.15%[10] - TCE/TA ratio was 10.78%, up 39 bps[10]

Company Overview - Home Bancorp's total assets reached $3.5 billion as of September 30, 2025[10] - The company has 43 locations across Southern Louisiana, Western Mississippi, and Houston[10] - Institutional ownership stands at 48%, while insider/ESOP ownership is at 12% as of October 17, 2025[10] Financial Performance - Net income for Q3 2025 was $12357 thousand, with diluted EPS at $159[14] - Net interest income for Q3 2025 reached $34106 thousand[14] - The net interest margin (NIM) for Q3 2025 was 410%[14] - Return on average assets (ROA) for Q3 2025 was 141%[14] - Return on tangible common equity (ROATCE) for Q3 2025 was 150%[14] Loan Portfolio - Total loans amounted to $27 billion[10] - The loan portfolio experienced a (1)% annualized growth rate YTD 2025[31] - Houston market loans showed a 9% annualized growth rate YTD[31] Deposits - Total deposits reached $30 billion[10] - Non-interest bearing deposits represent 27% of the deposit composition[73] - The company's deposit base has an annualized growth rate of 9% in 2025[73]

Financial Performance - Net income available to common stockholders was $457 million, a 14% increase QoQ and a 33% increase YoY[8] - Diluted earnings per share (EPS) reached $1.05, up 14% QoQ and 36% YoY[8] - Pre-provision profit (PPNR) increased by 9% QoQ and 20% YoY, reaching $783 million[8, 13] - Total revenue was $2.118 billion, up 4% QoQ and 11% YoY[8] - Net interest income (NII) was $1.488 billion, up 4% QoQ and 9% YoY[8] - Noninterest income was $630 million, up 5% QoQ and 18% YoY[8] Key Metrics - Net interest margin (NIM) increased by 5 bps QoQ to 3.00%[8] - Efficiency ratio improved by approximately 170 bps QoQ to 63.0%[8, 14] - Return on tangible common equity (ROTCE) was 11.7%, up 70 bps QoQ[8, 14] Balance Sheet and Capital - Average deposits increased by approximately $2 billion, or 1% QoQ, to $176 billion[8, 14] - Period-end loans increased by 1% QoQ[14] - Common Equity Tier 1 (CET1) ratio was 10.7%[14]

Core Insights - Eastern Bank has announced NEI General Contracting as a new commercial banking customer, highlighting the bank's commitment to supporting local businesses [1] Company Overview - NEI General Contracting was founded in 1998 and is recognized as a leading general contractor [1] - The company specializes in affordable and market-rate housing, showcasing its expertise in various construction sectors [1] - NEI has extensive experience in ground-up construction, moderate rehabilitation, historic restorations, and residential conversions [1] - The company is headquartered in Boston and operates regional offices in Florida and Texas, indicating a broad operational footprint [1]

Financial Data and Key Metrics Changes - The company reported earnings per share of $0.28 on a fully diluted GAAP basis and $0.31 on a core basis for Q2 2025 [5] - Net interest income grew by $1,000,000, marking a third consecutive quarter of growth, while the net interest margin expanded by one basis point [6] - Total loans increased by $60,000,000, representing a 2% annualized growth rate, driven by strong originations of $716,000,000 [7] Business Line Data and Key Metrics Changes - Commercial and industrial loans increased by 8% for the quarter, reflecting the company's focus on this segment [7] - Non-interest income increased by 5% to $11,800,000 during the quarter, although it was down 1% compared to the prior quarter when excluding non-core items [15] - Operating expenses for the quarter were $71,000,000, in line with expectations, and included costs from recent commercial banking hires [7][18] Market Data and Key Metrics Changes - Deposit balances, excluding brokered CDs, decreased approximately 1% compared to the linked quarter but increased by $117,000,000 compared to the same period in 2024 [13] - The commercial pipeline reached a record high of $791,000,000, indicating strong lending opportunities [10] Company Strategy and Development Direction - The company is focused on organic growth and has made significant investments in hiring commercial bankers and launching the Premier Bank [6][12] - The company expects to see an increase in net interest income in the third quarter and continued improvement in margins in the second half of the year [10][16] - The company plans to maintain a stable operating expense run rate while exploring opportunities for additional expense efficiencies [18][40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the credit quality, noting that total loans classified as special mention and substandard decreased by 3% [8] - The company anticipates that the current quarter represents a trough in EPS, with expectations for growth moving forward as organic growth momentum continues [6] - Management highlighted that clients are reporting good business conditions and building backlogs, which supports the outlook for loan growth [60][62] Other Important Information - The company authorized an additional 3,000,000 shares for repurchase, allowing flexibility in capital deployment [9] - The effective tax rate is expected to remain in the range of 23% to 25% [19] Q&A Session Summary Question: On the deposit side, can funding costs be reduced going forward? - Management indicated that while there is some opportunity to reduce funding costs, significant changes are not expected in the near term due to the current rates on CDs [22] Question: What is the outlook for stable non-interest income? - Management clarified that GAAP is the best base to use for guidance on stable non-interest income [32] Question: How much did new hires impact earnings this quarter? - The additional expenses from new hires impacted EPS by about $0.06, but this is expected to reverse moving forward [38] Question: What is the company's approach to M&A? - The primary focus remains on organic growth, with M&A being a lower priority given current share valuations [41] Question: How sustainable is the loan growth guidance? - Management expressed confidence in the sustainability of loan growth based on the current pipeline and client feedback [58] Question: What is the impact of rate cuts on NIM? - Management indicated that a 25 basis point cut would have a minimal impact, rounding to less than a penny per share on an annualized basis [91] Question: What is the outlook for commercial real estate? - Management expects to maintain steady CRE balances, with potential for slight growth depending on opportunities [110]