Press release Brussels, Lille, Montrouge, October 7th, 2025 Crelan and Crédit Agricole finalise their strategic partnership Following the communication of 21 May 2025, the Crelan Group and the Crédit Agricole Group today announce that they have finalised their strategic partnership with the signing of commercial agreements and the acquisition of a 9.9% minority stake in Crelan SA/NV by the Crédit Agricole Group. Crelan and the Crédit Agricole Group will now focus on implementing commercial collaborations in ...

Core Viewpoint - First Horizon Corporation will participate in the Barclays 23rd Annual Global Financial Services Conference on September 9, 2025, featuring key executives Bryan Jordan and Hope Dmuchowski [1] Group 1: Company Overview - First Horizon Corporation has $82.1 billion in assets as of June 30, 2025 [4] - The company operates in 12 states, primarily in the southern U.S., through its banking subsidiary, First Horizon Bank [4] - Services offered include commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking [4] Group 2: Recognition and Reputation - First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines [4] - The company is also listed as a Top 10 Most Reputable U.S. Bank [4] Group 3: Event Details - A live webcast and audio replay of the conference will be available on the First Horizon Investor Relations website [2]

Core Points - Societe Generale initiated a EUR 1 billion ordinary share buy-back program aimed at share cancellation, starting on August 4, 2025 [1][2] - The program has received all necessary authorizations from supervisory authorities and complies with the conditions set forth by the General Meeting [2] - As of August 8, 2025, Societe Generale completed 9.6% of its buy-back program, which represents 0.2% of its total share capital of 785,180,327 shares [3] Buy-Back Transactions - The total number of shares repurchased from August 4 to August 8, 2025, was 1,718,926 shares at a daily weighted average price of EUR 55.8487 [5] - Daily transactions included: - August 4: 220,414 shares at EUR 54.8104 [4] - August 5: 209,844 shares at EUR 55.3552 [4] - August 6: 200,000 shares at EUR 55.4404 [5] - August 7: 200,000 shares at EUR 56.4492 [5] - August 8: 195,329 shares at EUR 57.2547 [5] Company Overview - Societe Generale is a leading European bank with approximately 119,000 employees serving over 26 million clients in 62 countries [6] - The bank has a strong commitment to sustainability and is included in major socially responsible investment indices [7]

Financial Performance - The company reported record net revenue of €6.549 billion for the first half of 2025, an increase of 6.0% compared to €6.178 billion in the same period of 2024 [2][8] - Retail banking revenue rose by 6.4% to €4.427 billion, driven by strong performance in banking networks and consumer finance [2][8] - Insurance revenue increased by 15.7% to €822 million, with growth across all business lines [2][9] - Specialized business lines generated €1.532 billion, up 2.8% year-on-year [2] - General operating expenses increased by 6.1% to €3.405 billion, reflecting investments in growth [2][11] - Income before tax rose by 8.7% to €2.402 billion, while net income decreased by 4.4% to €1.638 billion due to a corporate tax surcharge of €192 million [2][18][19] Cost and Risk Management - The cost of risk was stable at €782 million, a slight decrease of 2.1% from €799 million [2][12] - The cost of proven risk decreased by 6.3%, while the cost of non-proven risk increased significantly [12][13] - Operating income increased by 8.8% to €2.363 billion, supported by higher revenues and controlled risks [15][17] Business Line Contributions - Retail banking net income slightly increased to €643 million, with general operating expenses growing at a slower pace than revenue [26] - Insurance net income was €495 million, up 0.5% year-on-year [27] - Asset management and private banking saw a net revenue increase of 5.1% to €667 million, with net income rising by 14.3% to €129 million [28] - Corporate banking net revenue declined by 3.7% to €323 million, while net income remained stable at €158 million [29] - Capital markets reported a net revenue increase of 11.0% to €331 million, with net income rising by 3.1% to €124 million [30] Financial Structure - Shareholders' equity reached €46.7 billion at the end of June 2025, up from €45.2 billion at the end of 2024 [20] - The estimated Common Equity Tier 1 (CET1) ratio was 19.5%, indicating strong capital adequacy [20] - The company maintained a low cost/income ratio of 52.0% [32] Key Figures - The total balance sheet stood at €732.747 billion, with customer loans amounting to €343.888 billion [32] - The number of customers increased to 22.4 million, up from 22.2 million [32] - The loan-to-deposit ratio was 119.6%, reflecting a stable funding position [32]

Core Insights - First Horizon Bank has been recognized on Forbes' list of America's Best-In-State Banks 2025, highlighting its value to residents in each state [1][2] - The ranking is based on an independent survey of over 26,000 customers, evaluating banks on criteria such as Trust, Financial Advice, Client Services, Digital Services, Branch Services, and Terms & Conditions [1] Company Overview - First Horizon Corporation, with $81.5 billion in assets as of March 31, 2025, is a leading regional financial services company headquartered in Memphis, TN [3] - The company operates in 12 states across the southern U.S. and 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 [3] - First Horizon has received recognition as one of the nation's best employers by Fortune and Forbes magazines and is listed as a Top 10 Most Reputable U.S. Bank [3]

Core Insights - Tech CU has appointed Jean Barbagelata to its Board of Directors, where she will serve on the Compensation Committee and the Nominating and Governance Committee [1] - Jean Barbagelata has over 30 years of experience in senior leadership roles, particularly in scaling technology companies and fostering inclusive cultures [1][3] - Her previous role as Chief People Officer at Matterport, Inc. saw the company grow revenue by 400% and successfully navigate its IPO in 2021 [2] Company Overview - Tech CU is a $4.7 billion credit union based in the Bay Area, serving over 200,000 members across the United States [4] - The organization is a federally insured not-for-profit, focusing on delivering superior rates, lower fees, and outstanding member benefits for over 60 years [4] - Tech CU offers a range of financial products, including personal banking, wealth management, private banking, commercial lending, and business banking [4]

Group 1 - First Horizon Corporation (NYSE: FHN) plans to announce its second quarter financial results on July 16, 2025, with a news release available at approximately 6:30 am ET [1] - A live conference call and webcast presentation will be held on the same day at 9:30 am ET [1] - The company has $81.5 billion in assets as of March 31, 2025, and operates in 12 states across the southern U.S. [4] Group 2 - The banking subsidiary, First Horizon Bank, offers a range of services including commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking [4] - First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and is listed as a Top 10 Most Reputable U.S. Bank [4]

Transaction Overview - Commerce Bancshares, Inc(CBSH) will acquire FineMark Holdings, Inc(FineMark) to expand its presence in high-growth markets and leverage its wealth platform[1] - The transaction value is $585.4 million[28] - The consideration is 100% stock, with a fixed exchange ratio of 0.690x shares of CBSH common stock for each share of FNBT[28] - FineMark has approximately $8 billion in Assets Under Administration (AUA) and $4 billion in banking assets[9] Financial Impact - The deal is expected to be approximately 6% accretive to 2026 consensus GAAP earnings[9] - Tangible book value per share (TBVPS) earnback is projected at 1.6 years[9] - The pro forma CET1 ratio is expected to be around 17% after the transaction[9] - Cost savings are estimated at 15%[9] FineMark Overview - FineMark has $7.7 billion in total trust assets under administration[15] - Total deposits for FineMark are $3.1 billion[15] - Total loans amount to $2.6 billion[15] - FineMark's CET1 ratio stands at 16%[15]

Core Viewpoint - The Crelan Group and Crédit Agricole have signed a long-term partnership agreement, allowing Crédit Agricole to acquire a 9.9% minority stake in Crelan, which will enhance Crelan's service offerings and commercial development in Belgium [2][9]. Group 1: Partnership Details - The partnership includes commercial collaborations in asset management, private banking, wealth management, and leasing [2]. - Crelan and Crédit Agricole plan to establish additional joint commercial initiatives in the near future [2]. Group 2: Strategic Vision - Both Crelan and Crédit Agricole share a vision of cooperative banking, aiming to strengthen their services and provide high-quality banking solutions [3]. - The partnership is expected to benefit customers, cooperators, and society as a whole [3]. Group 3: Financial Implications - The partnership is projected to positively impact Crelan's consolidated 2025 transitional CET1 capital ratio by approximately 2% and have a non-material impact on Crédit Agricole's CET1 ratio [7]. - The conclusion of commercial agreements is anticipated to enhance the revenues of both groups [7]. Group 4: Crelan's Position - Crelan is a cooperative bank in Belgium, maintaining its cooperative model and values while ensuring that all deposits remain invested in Belgium [6]. - The bank has a significant presence with 4327 employees, 727 branches, and €55.8 billion in total assets as of December 31, 2024 [8]. Group 5: Crédit Agricole Overview - Crédit Agricole is a leading financial provider in France and a major player in European banking, recognized for its retail banking and asset management services [10][11]. - The group serves 54 million customers and emphasizes a customer-focused banking model [12].