Q2 F2023 - Bank of the West Contribution & Financial Results

Asset Yields¹ and Liability Costs² Average Earning Assets ($B) and Yield¹ (%) Average Liabilities ($B) and Costs² (%) 4.85% 4.18% 3.54% 2.39% 2.87% Yield on Total Average Earning Assets 2.65% 3.08% 2.02% 0.68% 1.13% Cost on Total Liabilities 1,194 1,165 1,079 1,101 1,022 1,054 949 973 979 1,004 3.37% 3.81% 4.52% 5.14% 491 513 542 552 5.68% 634 0.32% 0.68% 1.31% 1.96% 2.18% 507 517 537 550 636 1.33% 1.83% 2.44% 3.18% 3.86% 1.28% 1.93% 3.41% 4.10% 4.93% 458 460 480 527 531 394 404 416 448 465 78 83 101 103 93 Q2'22 Q3'22 Gross Loans Q4'22 Q1'23 Q2'23 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 % in above charts indicate Yield on asset balance Deposits with other banks and other interest bearing assets, Securities, Securities borrowed or purchased under resale agreements³ Customer Deposits Wholesale funding, Securities sold but not yet purchased and securities lent or sold, Subordinated debt and other interest bearing liabilities4 Other Non-Interest Bearing % in above charts indicate cost on liability balance 1 Gross loan yield is calculated as interest income on loans as a percentage of average gross loans 2 Liabilities Cost is calculated as Total interest expense as a percentage of average liabilities 3 Deposits with other banks and other interest bearing assets, securities, and securities borrowed or purchased under resale agreements yield is calculated as interest and dividend income on deposits with other banks and other interest bearing assets, securities, and securities borrowed or purchased under resale agreements as a percentage of average deposits with other banks and other interest bearing assets, securities, and securities borrowed or purchased under resale agreements 4 Wholesale funding, securities sold but not yet purchased and securities lent or sold, subordinated debt and other interest bearing liabilities cost is calculated as interest expense on wholesale funding, securities sold but not yet purchased and securities lent or sold, subordinated debt and other interest bearing liabilities as a percentage of average wholesale funding, securities sold but not yet purchased and securities lent or sold, subordinated debt and other interest bearing liabilities BMOM Financial Results May 24, 2023 • 38

View entire presentation