Investor Presentaiton

Financial Review | Non-Interest Expenses (NIE) NIE ($MM) Q3/22 Y/Y Q/Q Y/Y Highlights • Salaries and employee benefits $ 100.1 +11% +1% Adjusted NIE was flat from a year ago, mainly from: Premises and technology $ 44.2 -10% +1% Other $ 33.2 +6% +11% Impairment and restructuring charges -$ -% -% Non-interest expenses $ 177.5 +4% +3% Adjusted non-interest expenses (1)(3) $ 174.4 -% +3% Adjusted Efficiency Ratio(2)(3) 68.4% 67.0% 67.1% 65.5% 65.2% • . . Strategic investments to close key foundational gaps and support growth, including higher headcount, salary base and accelerated business development activities Offset by a decrease in premises and technology costs, mostly due to lower amortization charges and rent expenses Adjusted efficiency ratio improved by 130 bps and operating leverage was positive Q/Q Highlights • Adjusted NIE increased by $5.1MM mainly due to strategic investments to close key foundational gaps and support growth, including higher headcount, salary base, accelerated business development activities, as well as higher professional and advertising fees, partly offset by lower performance-based compensation Adjusted efficiency ratio up 190 bps Q3/21 Q4/21 Q1/22 Q2/22 Q3/22 (1) This is a non-GAAP financial measure. (2) This is a non-GAAP ratio. (3) For more information, refer to page 3 of this presentation and to the Non-GAAP Financial and Other Measures section beginning on page 5 of the Third Quarter 2022 Report to Shareholders, including the MD&A as at and for the period ended July 31, 2022, which pages are incorporated by reference herein. Seeing Voir beyond numbers." au-delà des chiffres." 16

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