Fourth Quarter Investor Presentation
Non-GAAP Reconciliation
Net Interest Margin, Common Equity Tier 1 (CET1)
Net Interest Margin (%)
Net Interest Margin (GAAP)
Less: Purchase Accounting Accretion
Adjusted Net Interest Margin (Non-GAAP)
3Q21
4Q21
1Q22
2Q22
3Q22
4Q22
1Q23
2Q23
3Q23
2.91%
2.85%
2.88%
3.15%
3.42%
3.52%
3.40%
3.11%
3.20%
(0.09%)
(0.06%) (0.05%)
(0.04%) (0.04%)
(0.03%)
(0.02%) (0.02%)
(0.01%)
2.82%
2.79%
2.83%
3.11%
3.38%
3.49%
3.38%
3.09%
3.19%
CET1 - AOCI Impact ($ in millions)
1Q23
2Q23
3Q23
CET1 - ACL Impact ($ in millions)
2Q23
3Q23
Common Equity Tier 1 (A)
$13,588
$13,885
$14,211
Common Equity Tier 1 (A)
$13,885
$14,211
Add: accumulated other comprehensive
(2,755)
(3,006)
(3,622)
income (loss) (AOCI)
Add: allowance for credit losses (ACL)
Adjusted Common Equity Tier 1 (B)
2,342
2,368
$16,227
$16,579
Less: cash flow hedge
(443)
(612)
(662)
Risk Weighted Assets (C)
$141,432
$140,664
Adjusted Common Equity Tier 1 (B)
$11,276
$11,491
$11,251
Common Equity Tier 1 ratio (A/C)
9.82%
10.10%
Risk Weighted Assets (C)
$142,335
$141,432
$140,664
Common Equity Tier 1 ratio (A/C)
9.55%
9.82%
10.10%
CET1 Adjusted for ACL ratio (B/C)
ACL Impact
11.47%
11.79%
1.65%
1.69%
Adjusted CET1 Ratio (B/C)
7.92%
8.12%
8.00%
AOCI impact adjusted for cash flow hedges
1.63%
1.70%
2.10%
on loan portfolio
2023 Fourth Quarter Investor Presentation | 58
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