Q4 2020 Investor Presentation

Allowance for Credit Losses (ACL) $ in millions Allowance for Loan Losses and Loan Coverage Total ALLL or ACL Loan Discount Loan Coverage ACL (ALLL)/ Loans ACL (ALLL)/ Loans excluding PPP (1) ALLL as of 12/31/19 $ 68.2 $ 87.3 $ 155.5 0.47% 0.47% CECL Day 1 Adoption Impact 151.4 (87.3) 64.1 ACL as of 01/01/20 Q1-20 Provision, net of charge-offs ACL as of 03/31/20 $ 219.6 $ 0 $ 219.6 1.52% 1.52% 23.6 23.6 $ 243.2 $ 0 $ 243.2 1.69% 1.69% Q2-20 Provision 26.7 26.7 Q2-20 Net charge-offs ACL as of 06/30/20 Q3-20 Provision Q3-20 Net charge-offs ACL as of 09/30/20 (38.2) (38.2) $ 231.6 $ 0 $ 231.6 1.59% 1.70% 22.3 22.3 (5.7) (5.7) $ 248.3 $ 0 $ 248.3 1.77% 1.90% Q4-20 Provision 7.3 7.3 Q4-20 Net charge-offs ACL as of 12/31/20 (17.5) (17.5) $ 238.0 $ 0 $ 238.0 1.85% 1.98% Reserve for Unfunded Commitments as of 12/31/20 ACL Methodology as of 12/31/20: Quantitative allocation: 0.81% Moody's December 2020 scenarios with management's weighting: S1 (17%) / Baseline (68%) / S2 (15%) ☐ Qualitative allocation: 1.04% ☐ $136MM in individually assessed loans with related reserves of $15MM Total ACL / Loans: 1.85% as of 03/31/20 as of 06/30/20 as of 09/30/20 Unfunded Commitments $2,765 $2,616 $2.344 $2,051 Reserve $29.4 $24.4 $24.4 $22.4 Reserve/Unfunded Balance 1.1% 0.9% 1.0% 1.1% CECL = Current Expected Credit Losses methodology for estimating ACL ACL = Allowance for Credit Losses on Loans $ PCD Purchased Credit-Deteriorated Financial Assets (1) Figures excluding PPP loans are non-GAAP measurements. See Appendix for non-GAAP reconciliations. 10

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