Corporate Strategy and Financial Performance
Prudent Capital Management
Tangible Book Value / Share
Regulatory Capital
■CET1
Tier 1
Total
18%
Leverage
16%
14%
$19.61
$18.17
12%
$17.17
$16.17
$14.97
10%
8%
6%
4%
2018
2019
2020
2021
2Q22
Dec-17
Dec-20
Regulatory Well-Capitalized
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■
☐
◉
Dec-21
30-Jun
Regulatory Minimum plus fully phased
in Capital Conservation Buffer
Tangible book value per share consistently grew through 2021 (17.0% CAGR) while
simultaneously taking decisive action to benefit shareholders
Impacted in 2022 by economic driven decline in market value in investment and pension plan portfolios
History of increasing dividend has improved shareholders' return
Opportunistic share repurchases have benefited EPS
Regulatory capital ratios significantly above regulatory requirements
◉
Actively exploring other investments of capital
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