Bank of Ireland Financial Overview

FY23 financial performance; PBT +92% Bank of Ireland FY 2022 (€m¹) FY 2023 y/y (€m) 2023 PBT up 92% Net interest income 2,482 3,682 48% Total income +42% Business income 624 707 13% Other income and valuation items 11 39 nmf Total Income 3,117 4,428 42% Operating expenses (1,675) (1,857) 11% Levies and regulatory charges (142) (170) 20% Operating profit pre-impairment 1,300 2,401 85% Net impairment charges (187) (403) 116% Share of associates /JVs 40 25 -38% Underlying profit before tax 1,153 2,023 75% Non-core Items (142) (85) -40% higher interest rates strategic actions and acquisitions positive business momentum CIR of 42% (-12ppts y/y) demonstrates operating leverage Net impairment charge (€403m); slightly higher loan loss experience and additional pro-active management adjustments of €138m Profit before tax 1,011 1,938 92% ROTE 17.3% (+7ppts y/y) Net interest margin (NIM) 1.96% Cost-to-income ratio 54% 3.01% 42% +105bps -12ppt Strong TNAV per share growth +12%² ROTE - adjusted 10.1% 17.3% +7ppt Earnings per share (statutory)³ 72.9c 140.1c 92% Dividend per share 21c 60c 186% TNAV per share 863c 965c 12% For footnotes please refer to slide 38 12

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