RBC Financial Performance Update

Net interest income: Strong volume growth more than offset by lower interest rates Net interest income down 11% YoY as strong volume growth was more than offset by the impact of lower interest rates. Trading net interest income was impacted by lower repo & secured financing revenue All-bank NIM on average earning assets was down 11 bps YoY (flat QoQ) Liquidity Coverage Ratio of 133%, down 8 pts QoQ Net Interest Income ($ millions) Average Rates (1) 3.68% Lending NII Trading NII NIM (%) 3.37% 3.34% 3.28% 3.24% ΥΟΥ 1.61% Loan yield 1.52% 1.49% 1.50% 1.50% (11) bps 2.60% 5,465 2.36% 5,139 5,010 5,035 4,854 (11) % 1,064 1.93% 967 728 740 642 (40) % 1.77% 1.85% Securities yield 4,401 4,172 4,282 4,295 4,212 (4) % 0.99% 0.72% 0.63% Total deposit 0.58% 0.55% 0.28% 0.09% 0.09% 0.07% 0.06% costs Personal chequing & Q2/2020 Q3/2020 Q4/2020 Q1/2021 Q2/2021 Q2/2020 Q3/2020 Q4/2020 Q1/2021 Q2/2021 savings deposit costs Canadian Banking Net Interest Income ($ millions) 2,985 Q2/20 Net Interest Income 264 City National Net Interest Income (US$ millions) (285) 100 NIM QoQ: +1 bp YoY: (15) bps 2,964 (1)% YoY 416 Volume & Mix Margins Q2/21 Net Interest Income Q2/20 Net Interest Income Volume (84) 432 +4% YoY NIM QoQ: +4 bps YoY: (48) bps Margins Q2/21 Net Interest Income (1) Loan yield calculated as interest income on loans as a percentage of average total net loans is a non-GAAP measure. Securities yield calculated as interest and dividend income on securities as a percentage of average securities, net of applicable allowance is a non-GAAP measure. Deposit costs calculated as interest expense on deposits and other as a percentage of average deposits is a non-GAAP measure. For more information, see slide 58. 52 APPENDIX RB Caft

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