Fourth Quarter 2025 BWFG Investor Presentation January 29, 2026 Forward Looking Statement Important note regarding forward-looking statements: Statements made in this presentation which are not purely historical are forward-looking statements, as defined in the Private Securities Litigation Reform Act of1995. This includes any statements regarding management's plans, objectives, or goals forfuture operations, products or services, and forecasts of its revenues, earnings, or other measures of performance. Su ...

Financial Highlights - The company reported a Return on Average Assets of 1.24%, a growth of 10 basis points compared to the last quarter[7] - Pre-Provision Net Revenue (PPNR) Return on Average Assets was 1.70%, up 27 basis points from the previous quarter[7] - Fully diluted Earnings Per Share (EPS) reached $1.27, a 10% increase compared to the last quarter, driven by improved net interest margin and increased non-interest income[8] - PPNR amounted to $13.9 million, or $1.77 per share, reflecting a 21% increase compared to the last quarter[8] Loan and Deposit Trends - Loan balances increased by $49 million compared to the last quarter, with approximately $220 million in funded originations, including $22 million in SBA loans[8] - Average low-cost deposits increased by $20 million compared to the last quarter, while total deposit costs decreased by 10 basis points to 3.30%[7,8] - Brokered deposits were reduced by $15 million compared to the last quarter and $96 million year-to-date[8] Asset Quality and Capital - Non-Performing Assets (NPAs) to Total Assets ratio was 0.56%, with the NPA balance decreasing by 28% compared to the last quarter due to the collection of $5 million in SBA-guaranteed balances and the sale of $2 million in non-performing loans[7] - Tangible book value stood at $36.84, an increase of $1.19 compared to the last quarter and $3.08 compared to the same quarter last year[8] - The Consolidated CET1 ratio was 10.39%, and the Bank Total Capital ratio was 13.47%[8] Strategic Initiatives - The company has repriced approximately $1 billion of time deposits year-to-date, resulting in an annualized benefit of approximately $7.6 million[36] - The company reduced reliance on brokered deposits, with brokered deposit balances decreasing by $96 million year-to-date[84]

Financial Performance - The company reported a Return on Average Assets of 1.14%, a 28 basis points increase compared to the last quarter[7] - Net Interest Margin was reported at 3.10%, a 29 basis points expansion from the last quarter due to an improved funding profile[7] - Fully diluted Earnings Per Share (EPS) reached $1.15, a 32% increase compared to the last quarter, driven by improved net interest margin and increased non-interest income[8] - Pre-Provision Net Revenue (PPNR) was $11.4 million, or $1.46 per share, a 21% increase compared to the last quarter[8] - Non-interest income grew by $0.5 million, or 34%, compared to the last quarter, driven by $1.1 million gains realized on SBA Loan sales[7] Balance Sheet and Capital - Loan balances increased by $24 million compared to the last quarter, based on $170 million of funded originations[8] - Non-performing assets (NPAs) improved to 0.78% of total assets[7] - Non-interest bearing deposits grew by $48 million from existing channels[7] - Tangible book value was $35.65, up $1.09 compared to the last quarter and up $2.04 compared to the prior year quarter[8] - The Consolidated CET1 ratio was 10.17%, and the Bank Total Capital ratio was 13.28%[8] Deposit and Funding - Deposit costs improved to 3.40%, a 20 basis points decrease compared to the last quarter, with a June 2025 'exit' rate of 3.28%[8] - The company experienced $48 million growth in non-interest bearing deposits compared to the last quarter, and $75 million year-to-date[8]