FirstBank Growth and Efficiency

Consistently delivering balanced profitability and growth Pro forma return on average assets, adjusted¹ Increased adjusted ROAA by 121 bps 1.85% 1.46% 1.52% 1.21% 0.84% 0.91% 0.64% 2012 Drivers of profitability Loans / deposits 2013 2014 2015 2016 2017 1H18 Net interest margin Loans excluding HFS Loans HFS 73% 5% 77% 3% 84% 81% 10% 11% 88% 19% 101% 97% 15% 10% +121 bps 4.73% 4.46% 4.10% 3.93%3.97% 3.75% 3.52% 68% 74% 74% 70% 69% 86% 87% Noninterest income ($mm) NPLs (HFI) / loans (HFI) (%) 4.17% $145 $142 ---(591) bps 2.12% $92 $69 1.21% 0.68% $51 $38 $41 0.54% 0.32% 0.26% 2012 2013 2014 2015 2016 2017 1H18 2012 2013 2014 2015 2016 2017 1H18 2012 2013 2014 2015 2016 2017 1H18 2012 2013 2014 2015 2016 2017 1H18 1 Pro forma net income and tax-adjusted return on average assets include a pro forma provision for federal income taxes using a combined effective income tax rate of 33.76%, 35.37%, 35.63%, 35.08%, and 36.75% for the years ended December 31, 2012, 2013, 2014, 2015, and 2016, respectively, and also includes the exclusion of a one-time tax charge from C Corp conversion in 3Q 2016 and the 4Q 2017 benefit from the 2017 Tax Cuts and Jobs Act. Non-GAAP financial measures. See "Use of non-GAAP financial measures," and "Reconciliation of non-GAAP financial measures" in the Appendix hereto. 21H18 reflects six months ended June 30, 2018, non-annualized data. FB FirstBank 10 10

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