PitchSend

Investor Presentaiton

5 Conservative Credit Culture Credit quality is placed before profitability Strong risk management culture and framework established throughout organization ACL1/Total Loans WAL Peer Median - Model focused on process-driven early elevation and speed to resolution 1.30% 1.07% 1.02% 0.93% 0.86% 0.80% - Leverage Segment Specialists to apply best practices to industry- or product-specific risks 1.05% 0.95% 1.02% 0.91% 0.86% 0.76% Balance sheet diversified since last credit cycle Non-Performing Assets² / Total Assets --WAL Peer Median 2015 2016 2017 2018 2019 Q1 2020 Net Charge-Offs / Average Loans --WAL Peers 0.15% 0.15% 0.13% 0.14% 0.16% 0.14% 0.65% 0.50% 0.43% 0.39% 0.40% 0.06% 0.35% 0.02% 0.01% 0.02% 0.56% 0.51% (0.06%) (0.06%) 0.36% 0.33% 0.20% 0.26% 2015 2016 2017 2018 2019 Q1 2020 2015 2016 2017 2018 2019 Q1 2020 WA 1) Includes on-balance sheet ACL 2) Nonperforming assets include nonaccrual loans and repossessed assets 12 Note: Peers consist of 56 publicly-traded banks with total assets between $15B and $150B, excludes companies headquartered in Puerto Rico, mutual holding companies, target banks of pending acquisitions, and the minority parties in pending MOES as of March 31, 2020; S&P Global Market Intelligence

View entire presentation