Investor Presentaiton

Net Interest Revenue / Margin $ in millions $109.3 $138.4 $132.1 3.42% 3.22% 3.19% 3.23% 2.85% 2.81% (%) (1) 0.01% 3.22% (0.04%) 0.00% 0.00% 3.19% 2Q20 1Q21 2Q21 1Q NIM Surplus Liquidity Low Interest Rates / Other Loan Accretion PPP Fees 2Q NIM Net Interest Revenue ($ in millions) Net Interest Margin(1) 2Q21 NIM Compression Core Net Interest Margin (2) ✓ Net interest margin decreased 3 bps from 1Q21, mainly driven by a change in the earning asset mix; larger securities portfolio Loan accretion totaled $5.5 million and contributed 12 bps to the margin, flat from 1Q21 ✓ PPP fees of $11.0 million in 2Q21 compared to $9.8 million in 1Q21 ✓ The 4 bps of core margin pressure resulted from surplus liquidity as strong deposit growth continued to move average cash and securities balances higher ✓ Variable rate loans currently priced at their floors increased $34 million from 1Q21 to $1.19 billion (1) Net interest margin is calculated on a fully-taxable equivalent basis (2) Core net interest margin excludes PPP fees and loan accretion 13 U UNITED

View entire presentation