Dollars in millions, except per share data
			Three Months Ended												Year Ended December 31,
Summary Financial Data & Key Metrics			December 31, 2024			September 30, 2024			December 31, 2023						2024			2023
Results of Operations:
Net interest income			$	1,709		$	1,796		$	1,911					$	7,143		$	6,712
Provision for credit losses			155			117			249						431			1,375
Net interest income after provision for credit losses			1,554			1,679			1,662						6,712			5,337
Noninterest income			699			650			543						2,615			12,075
Noninterest expense			1,517			1,456			1,492						5,735			5,335
Income before income taxes			736			873			713						3,592			12,077
Income tax expense			36			234			199						815			611
Net income			700			639			514						2,777			11,466
Preferred stock dividends			15			15			15						61			59
Net income available to common stockholders			$	685		$	624		$	499					$	2,716		$	11,407
Adjusted net income available to common stockholders(1)			$	628		$	660		$	678					$	2,796		$	2,548
Pre-tax, pre-provision net revenue (PPNR)(1)			$	891		$	990		$	962					$	4,023		$	13,452
Per Share Information:
Diluted earnings per common share (EPS)			$	49.21		$	43.42		$	34.33					$	189.41		$	784.51
Adjusted diluted EPS(1)			45.10			45.87			46.58						194.96			175.22
Book value per common share at period end			1,556.16			1,547.81			1,403.12
Tangible book value per common share (TBV)(1) at period end			1,512.77			1,504.75			1,357.77
Key Performance Metrics:
Return on average assets (ROA)			1.25		%	1.15		%	0.95		%				1.26		%	5.90		%
Adjusted ROA(1)			1.14			1.22			1.28						1.30			1.34
PPNR ROA(1)			1.58			1.79			1.78						1.83			6.92
Adjusted PPNR ROA(1)			1.70			1.88			2.27						1.94			2.19
Return on average common equity (ROE)			12.56			11.30			9.97						12.68			66.88
Adjusted ROE(1)			11.51			11.94			13.53						13.06			14.94
Return on average tangible common equity (ROTCE)(1)			12.92			11.63			10.32						13.07			69.50
Adjusted ROTCE(1)			11.84			12.29			14.00						13.45			15.52
Efficiency ratio			63.01			59.49			60.80						58.77			28.40
Adjusted efficiency ratio(1)			56.98			54.15			48.00						53.01			49.33
Net interest margin (NIM)(2)			3.32			3.53			3.86						3.54			3.92
NIM, excluding purchase accounting accretion (PAA)(1), (2)			3.16			3.33			3.47						3.30			3.50
Select Balance Sheet Items at Period End:
Total investment securities			$	44,090		$	38,663		$	29,999
Total loans and leases			140,221			138,695			133,302
Total operating lease equipment, net			9,323			9,186			8,746
Total deposits			155,229			151,574			145,854
Total borrowings			37,051			37,161			37,654
Loan to deposit ratio			90.33		%	91.50		%	91.39		%
Noninterest-bearing deposits to total deposits			24.89			25.99			27.29
Capital Ratios at Period End: (3)
Total risk-based capital ratio			15.04		%	15.36		%	15.75		%
Tier 1 risk-based capital ratio			13.53			13.78			13.94
Common equity Tier 1 ratio			12.99			13.24			13.36
Tier 1 leverage capital ratio			9.90			10.17			9.83
Asset Quality at Period End:
Nonaccrual loans to total loans and leases			0.84		%	0.90		%	0.73		%
Allowance for loan and lease losses (ALLL) to loans and leases			1.20			1.21			1.31
Net charge-off ratio for the period			0.46			0.42			0.53						0.39			0.47
(1) Denotes a non-GAAP measure. Refer to the non-GAAP reconciliation tables included at the end of this financial supplement for a reconciliation to the most directly comparable GAAP measure. “Adjusted” items exclude the impacts of Notable Items.
(2) Calculated net of average credit balances and deposits of factoring clients.
(3) Capital ratios as of the current quarter-end are preliminary pending completion of quarterly regulatory filings.

1

Dollars in millions, except share and per share data
						Three Months Ended												Year Ended December 31,
Income Statement (unaudited)						December 31, 2024			September 30, 2024			December 31, 2023						2024			2023
Interest income
Interest and fees on loans						$	2,322		$	2,430		$	2,391					$	9,528		$	8,187
Interest on investment securities						377			358			241						1,347			648
Interest on deposits at banks						302			350			485						1,478			1,556
Total interest income						3,001			3,138			3,117						12,353			10,391
Interest expense
Deposits						957			1,004			865						3,864			2,497
Borrowings						335			338			341						1,346			1,182
Total interest expense						1,292			1,342			1,206						5,210			3,679
Net interest income						1,709			1,796			1,911						7,143			6,712
Provision for credit losses						155			117			249						431			1,375
Net interest income after provision for credit losses						1,554			1,679			1,662						6,712			5,337
Noninterest income
Rental income on operating lease equipment						272			262			252						1,048			971
Lending-related fees						68			67			67						257			218
Deposit fees and service charges						58			57			55						230			200
Client investment fees						54			55			51						213			157
Wealth management services						54			54			48						211			188
International fees						33			29			29						119			91
Factoring commissions						20			19			22						75			82
Cardholder services, net						41			42			36						163			139
Merchant services, net						13			12			12						49			48
Insurance commissions						13			14			14						55			54
Realized gain (loss) on sale of investment securities, net						2			4			—						6			(26)
Fair value adjustment on marketable equity securities, net						10			9			9						13			(11)
Gain on sale of leasing equipment, net						11			5			2						30			20
Gain on acquisition						—			—			(83)						—			9,808
Loss on extinguishment of debt						—			—			—						(2)			—
Other noninterest income						50			21			29						148			136
Total noninterest income						699			650			543						2,615			12,075
Noninterest expense
Depreciation on operating lease equipment						101			99			96						394			371
Maintenance and other operating lease expenses						55			59			59						219			222
Personnel cost						801			788			714						3,078			2,636
Net occupancy expense						60			62			65						242			244
Equipment expense						136			128			114						504			422
Professional fees						30			42			28						121			71
Third-party processing fees						57			55			66						230			205
FDIC insurance expense						33			31			82						138			158
Marketing expense						24			20			24						76			102
Acquisition-related expenses						62			46			116						210			470
Intangible asset amortization						16			15			17						63			57
Other noninterest expense						142			111			111						460			377
Total noninterest expense						1,517			1,456			1,492						5,735			5,335
Income before income taxes						736			873			713						3,592			12,077
Income tax expense						36			234			199						815			611
Net income						$	700		$	639		$	514					$	2,777		$	11,466
Preferred stock dividends						15			15			15						61			59
Net income available to common stockholders						$	685		$	624		$	499					$	2,716		$	11,407
Basic earnings per common share						$	49.21		$	43.42		$	34.36					$	189.42		$	785.14
Diluted earnings per common share						$	49.21		$	43.42		$	34.33					$	189.41		$	784.51
Weighted average common shares outstanding (basic)						13,927,887			14,375,974			14,528,447						14,341,872			14,527,902
Weighted average common shares outstanding (diluted)						13,927,887			14,375,974			14,539,838						14,342,655			14,539,613

2

Dollars in millions, except share data
Balance Sheet (unaudited)						December 31, 2024			September 30, 2024			December 31, 2023
Assets
Cash and due from banks						$	814		$	862		$	908
Interest-earning deposits at banks						21,364			25,640			33,609
Securities purchased under agreements to resell						158			455			473
Investment in marketable equity securities						101			82			84
Investment securities available for sale						33,750			28,190			19,936
Investment securities held to maturity						10,239			10,391			9,979
Assets held for sale						85			68			76
Loans and leases						140,221			138,695			133,302
Allowance for loan and lease losses						(1,676)			(1,678)			(1,747)
Loans and leases, net of allowance for loan and lease losses						138,545			137,017			131,555
Operating lease equipment, net						9,323			9,186			8,746
Premises and equipment, net						2,006			1,974			1,877
Goodwill						346			346			346
Other intangible assets, net						249			265			312
Other assets						6,740			6,091			5,857
Total assets						$	223,720		$	220,567		$	213,758
Liabilities
Deposits:
Noninterest-bearing						$	38,633		$	39,396		$	39,799
Interest-bearing						116,596			112,178			106,055
Total deposits						155,229			151,574			145,854
Credit balances of factoring clients						1,016			1,250			1,089
Borrowings:
Short-term borrowings						367			391			485
Long-term borrowings						36,684			36,770			37,169
Total borrowings						37,051			37,161			37,654
Other liabilities						8,196			7,754			7,906
Total liabilities						$	201,492		$	197,739		$	192,503
Stockholders’ equity
Preferred stock						881			881			881
Common stock:
Class A - $1 par value						13			13			14
Class B - $1 par value						1			1			1
Additional paid in capital						2,417			3,389			4,108
Retained earnings						19,361			18,703			16,742
Accumulated other comprehensive loss						(445)			(159)			(491)
Total stockholders’ equity						22,228			22,828			21,255
Total liabilities and stockholders’ equity						$	223,720		$	220,567		$	213,758

3

Dollars in millions, except share per share data
Notable Items (1)						Three Months Ended												Year Ended December 31,
						December 31, 2024			September 30, 2024			December 31, 2023						2024			2023
Noninterest income
Rental income on operating lease equipment (2) (7)						$	(152)		$	(158)		$	(155)					$	(609)		$	(593)
Realized (gain) loss on sale of investment securities, net						(2)			(4)			—						(6)			26
Fair value adjustment on marketable equity securities, net						(10)			(9)			(9)						(13)			11
Gain on sale of leasing equipment, net						(11)			(5)			(2)						(30)			(20)
Gain on acquisition						—			—			83						—			(9,808)
Loss on extinguishment of debt						—			—			—						2			—
Other noninterest income (3)						(8)			—			(5)						(12)			3
Impact of notable items on adjusted noninterest income						$	(183)		$	(176)		$	(88)					$	(668)		$	(10,381)
Noninterest expense
Depreciation on operating lease equipment (2) (7)						(101)			(99)			(96)						(394)			(371)
Maintenance and other operating lease equipment expense (2)						(55)			(59)			(59)						(219)			(222)
Professional fees (4)						—			—			(5)						(4)			(5)
FDIC insurance special assessment						—			—			(64)						(11)			(64)
Acquisition-related expenses						(62)			(46)			(116)						(210)			(470)
Intangible asset amortization						(16)			(15)			(17)						(63)			(57)
Other noninterest expense (5)						(15)			(8)			—						(15)			—
Impact of notable items on adjusted noninterest expense						$	(249)		$	(227)		$	(357)					$	(916)		$	(1,189)
Day 2 provisions for loan and lease losses and off-balance sheet credit exposure						$	—		$	—		$	—					$	—		$	(716)
Impact of notable items on adjusted provision for credit losses						$	—		$	—		$	—					$	—		$	(716)
Impact of notable items on adjusted pre-tax income						$	66		$	51		$	269					$	248		$	(8,476)
Income tax impact (6)						123			15			90						168			383
Impact of notable items on adjusted net income						$	(57)		$	36		$	179					$	80		$	(8,859)
Impact of notable items on adjusted diluted EPS						$	(4.11)		$	2.45		$	12.25					$	5.55		$	(609.29)

(1) Notable items include income and expense for infrequent transactions and certain recurring items (typically noncash) that management believes should be excluded from adjusted measures (non-GAAP) to enhance understanding of operations and comparability to historical periods. Management utilizes both GAAP and adjusted measures (non-GAAP) to analyze BancShares’ performance. Refer to subsequent pages of this financial supplement for a reconciliation of non-GAAP measures to the most directly comparable GAAP measures.

(2) Depreciation and maintenance and other operating lease expenses are deducted from rental income on operating lease equipment to calculate adjusted rental income on operating lease equipment (non-GAAP). There is no net impact to earnings for this non-GAAP item because adjusted noninterest income and expense are reduced by the same amount. Management believes adjusted rental income on operating lease equipment (non-GAAP) is meaningful because it helps management monitor the performance and profitability of the operating leases after deducting direct expenses. Refer to subsequent pages of this financial supplement for a reconciliation of non-GAAP measures to the most directly comparable GAAP measures.

(3) Other noninterest income includes a gain on sale of portfolio residential mortgages in 4Q24 as well as a gain on litigation settlement for YTD 2024. 4Q23 includes a gain on sale of insurance accounts as well as a Silicon Valley Bridge Bank, N.A. (“SVBB”) purchase accounting adjustment related to FX translation for YTD 2023.

(4) Professional fees include expenses related to integration activities.

(5) Other noninterest expense primarily includes the impairment of software and related projects in 4Q24 and a technology fee in 3Q24, as well as litigation reserve releases for YTD 2024.

(6) For the periods presented, the income tax impact may include tax discrete items and changes in the estimated annualized effective tax rate. 4Q24 and YTD 2024 includes the impact of a change in our estimated state income tax rates after filing our first income tax returns that included the SVBB Acquisition.

(7) Depreciation on operating lease equipment includes impairment of $4 million in 4Q24. The $4 million impairment is a notable item and is excluded from adjusted rental income on operating lease equipment (non-GAAP).

4

Dollars in millions, except share and per share data
Condensed Income Statements (unaudited) - Adjusted for Notable Items (1)			Three Months Ended												Year Ended December 31,
			December 31, 2024			September 30, 2024			December 31, 2023						2024			2023
Interest income			$	3,001		$	3,138		$	3,117					$	12,353		$	10,391
Interest expense			1,292			1,342			1,206						5,210			3,679
Net interest income			1,709			1,796			1,911						7,143			6,712
Provision for credit losses			155			117			249						431			659
Net interest income after provision for credit losses			1,554			1,679			1,662						6,712			6,053
Noninterest income			516			474			455						1,947			1,694
Noninterest expense			1,268			1,229			1,135						4,819			4,146
Income before income taxes			802			924			982						3,840			3,601
Income tax expense			159			249			289						983			994
Net income			$	643		$	675		$	693					$	2,857		$	2,607
Preferred stock dividends			15			15			15						61			59
Net income available to common stockholders			$	628		$	660		$	678					$	2,796		$	2,548
Basic earnings per common share			$	45.10		$	45.87		$	46.62					$	194.97		$	175.37
Diluted earnings per common share			45.10			45.87			46.58						194.96			175.22
Weighted average common shares outstanding (basic)			13,927,887			14,375,974			14,528,447						14,341,872			14,527,902
Weighted average common shares outstanding (diluted)			13,927,887			14,375,974			14,539,838						14,342,655			14,539,613

(1) The GAAP income statements and notable items are included previously in this financial supplement. The condensed adjusted income statements above (non-GAAP) exclude the impact of notable items. Refer to the non-GAAP reconciliation tables at the end of this financial supplement for a reconciliation of non-GAAP measures to the most directly comparable GAAP measure.

5

Dollars in millions
Loans and Leases by Class (end of period)			December 31, 2024			September 30, 2024			December 31, 2023
Commercial
Commercial construction			$	5,109		$	4,924		$	3,918
Owner occupied commercial mortgages			16,842			16,372			15,471
Non-owner occupied commercial mortgages			16,194			16,078			14,995
Commercial and industrial			31,640			30,867			29,794
Leases			2,014			2,020			2,054
Total commercial			$	71,799		$	70,261		$	66,232
Consumer
Residential mortgage			$	23,152		$	23,237		$	22,776
Revolving mortgage			2,567			2,455			2,165
Consumer auto			1,523			1,543			1,442
Consumer other			986			1,347			1,176
Total consumer			$	28,228		$	28,582		$	27,559
SVB
Global fund banking			$	27,904		$	27,114		$	25,553
Investor dependent - early stage			997			1,128			1,403
Investor dependent - growth stage			2,196			2,434			2,897
Innovation C&I and cash flow dependent			9,097			9,176			9,658
Total SVB			$	40,194		$	39,852		$	39,511
Total loans and leases			$	140,221		$	138,695		$	133,302
Less: allowance for loan and lease losses			(1,676)			(1,678)			(1,747)
Total loans and leases, net of allowance for loan and lease losses			$	138,545		$	137,017		$	131,555
Deposits by Type (end of period)			December 31, 2024			September 30, 2024			December 31, 2023
Noninterest-bearing demand			$	38,633		$	39,396		$	39,799
Checking with interest			25,343			23,216			23,754
Money market			35,722			34,574			30,625
Savings			42,278			40,259			35,244
Time			13,253			14,129			16,432
Total deposits			$	155,229		$	151,574		$	145,854

6

Dollars in millions
			Three Months Ended												Year Ended December 31,
Credit Quality and Allowance for Loan and Lease Losses (ALLL)			December 31, 2024			September 30, 2024			December 31, 2023						2024			2023
Nonaccrual loans at period end			$	1,184		$	1,244		$	969
Ratio of nonaccrual loans to total loans at period end			0.84		%	0.90		%	0.73		%
Charge-offs			$	(193)		$	(177)		$	(201)					$	(657)		$	(638)
Recoveries			33			32			24						117			78
Net charge-offs			$	(160)		$	(145)		$	(177)					$	(540)		$	(560)
Net charge-off ratio			0.46		%	0.42		%	0.53		%				0.39		%	0.47		%
ALLL to loans ratio at period end			1.20		%	1.21		%	1.31		%
ALLL at beginning of period			$	1,678		$	1,700		$	1,673					$	1,747		$	922
Initial PCD ALLL			—			—			—						—			220
Day 2 provision for loan and lease losses			—			—			—						—			462
Provision for loan and lease losses			158			123			251						469			703
Net charge-offs			(160)			(145)			(177)						(540)			(560)
ALLL at end of period			$	1,676		$	1,678		$	1,747					$	1,676		$	1,747

7

Dollars in millions			Three Months Ended
Average Balance Sheets, Yields and Rates			December 31, 2024									September 30, 2024									December 31, 2023
			Average Balance			Income/Expense			Yield/Rate			Average Balance			Income/Expense			Yield/Rate			Average Balance			Income/Expense			Yield/Rate
Loans and leases (1)(2)			$	138,186		$	2,322		6.69		%	$	137,602		$	2,430		7.03		%	$	131,594		$	2,391		7.21		%
Investment securities			40,779			374			3.66			38,189			354			3.70			28,722			239			3.30
Securities purchased under agreements to resell			266			3			4.67			241			4			5.34			225			2			5.36
Interest-earning deposits at banks			25,548			302			4.70			26,167			350			5.33			35,712			485			5.39
Total interest-earning assets (2)			$	204,779		$	3,001		5.83		%	$	202,199		$	3,138		6.18		%	$	196,253		$	3,117		6.30		%
Operating lease equipment, net			$	9,288								$	9,028								$	8,715
Cash and due from banks			756									717									846
Allowance for loan and lease losses			(1,710)									(1,725)									(1,717)
All other noninterest-earning assets			10,593									10,247									10,515
Total assets			$	223,706								$	220,466								$	214,612
Interest-bearing deposits
Checking with interest			$	24,460		$	125		2.04		%	$	23,946		$	134		2.23		%	$	23,820		$	128		2.14		%
Money market			35,319			271			3.05			34,132			278			3.24			30,188			211			2.77
Savings			41,103			421			4.07			39,939			436			4.34			34,151			362			4.20
Time deposits			13,683			140			4.07			14,429			156			4.29			16,558			164			3.94
Total interest-bearing deposits			114,565			957			3.32			112,446			1,004			3.55			104,717			865			3.28
Borrowings:
Securities sold under customer repurchase agreements			370			1			0.57			384			—			0.55			455			1			0.44
Senior unsecured borrowings			59			1			4.44			361			2			2.59			377			3			2.46
Subordinated debt			845			6			2.75			900			8			3.34			1,038			10			3.82
Other borrowings			35,818			327			3.66			35,803			328			3.66			35,845			327			3.65
Long-term borrowings			36,722			334			3.64			37,064			338			3.64			37,260			340			3.65
Total borrowings			37,092			335			3.61			37,448			338			3.61			37,715			341			3.61
Total interest-bearing liabilities			$	151,657		$	1,292		3.39		%	$	149,894		$	1,342		3.57		%	$	142,432		$	1,206		3.37		%
Noninterest-bearing deposits			$	39,969								$	39,026								$	41,599
Credit balances of factoring clients			1,232									1,195									1,275
Other noninterest-bearing liabilities			8,250									7,500									8,566
Stockholders' equity			22,598									22,851									20,740
Total liabilities and stockholders’ equity			$	223,706								$	220,466								$	214,612
Net interest income						$	1,709								$	1,796								$	1,911
Net interest spread (2)									2.44		%							2.61		%							2.93		%
Net interest margin (2)									3.32		%							3.53		%							3.86		%
(1) Loans and leases include nonaccrual loans and loans held for sale. Interest income on loans and leases includes loan PAA income and loan fees.
(2) The balance and rate presented are calculated net of average credit balances and deposits of factoring clients.
Note: Certain items above do not precisely recalculate as presented due to rounding.

8

Dollars in millions			Twelve Months Ended
Average Balance Sheets, Yields and Rates			December 31, 2024												December 31, 2023
			Average Balance			Income/Expense			Yield/Rate												Average Balance			Income/Expense			Yield/Rate
Loans and leases (1)(2)			$	136,026		$	9,528		7.00		%										$	117,708		$	8,187		6.95		%
Investment securities			37,029			1,334			3.60												23,112			640			2.77
Securities purchased under agreements to resell			247			13			5.18												161			8			5.20
Interest-earning deposits at banks			28,276			1,478			5.23												29,790			1,556			5.22
Total interest-earning assets (2)			$	201,578		$	12,353		6.12		%										$	170,771		$	10,391		6.08		%
Operating lease equipment, net			$	9,003																	$	8,495
Cash and due from banks			753																		879
Allowance for loan and lease losses			(1,748)																		(1,495)
All other noninterest-earning assets			10,214																		15,631
Total assets			$	219,800																	$	194,281
Interest-bearing deposits
Checking with interest			$	24,199		$	526		2.17		%										$	22,296		$	402		1.80		%
Money market			33,107			1,031			3.11												27,583			618			2.24
Savings			38,997			1,663			4.26												26,104			963			3.69
Time deposits			15,202			644			4.23												14,947			514			3.44
Total interest-bearing deposits			111,505			3,864			3.47												90,930			2,497			2.75
Borrowings:
Securities sold under customer repurchase agreements			392			2			0.51												455			2			0.35
Short-term FHLB borrowings			—			—			—												108			5			4.79
Short-term borrowings			392			2			0.51												563			7			1.20
Federal Home Loan Bank borrowings			—			—			—												2,307			120			5.22
Senior unsecured borrowings			292			8			2.63												608			14			2.21
Subordinated debt			889			29			3.18												1,043			39			3.65
Other borrowings			35,826			1,307			3.65												27,322			1,002			3.67
Long-term borrowings			37,007			1,344			3.63												31,280			1,175			3.75
Total borrowings			37,399			1,346			3.60												31,843			1,182			3.71
Total interest-bearing liabilities			$	148,904		$	5,210		3.50		%										$	122,773		$	3,679		3.00		%
Noninterest-bearing deposits			$	39,499																	$	39,660
Credit balances of factoring clients			1,192																		1,166
Other noninterest-bearing liabilities			7,908																		12,745
Stockholders' equity			22,297																		17,937
Total liabilities and stockholders’ equity			$	219,800																	$	194,281
Net interest income						$	7,143																	$	6,712
Net interest spread (2)									2.62		%																3.08		%
Net interest margin (2)									3.54		%																3.92		%
(1) Loans and leases include nonaccrual loans and loans held for sale. Interest income on loans and leases includes loan PAA income and loan fees.
(2) The balance and rate presented are calculated net of average credit balances and deposits of factoring clients.
Note: Certain items above do not precisely recalculate as presented due to rounding.

9

Dollars in millions, except share and per share data
						Three Months Ended												Year Ended December 31,
Non-GAAP Reconciliations						December 31, 2024			September 30, 2024			December 31, 2023						2024			2023
Net income and EPS
Net income (GAAP)			a			$	700		$	639		$	514					$	2,777		$	11,466
Preferred stock dividends						15			15			15						61			59
Net income available to common stockholders (GAAP)			b			$	685		$	624		$	499					$	2,716		$	11,407
Total notable items, after income tax			c			(57)			36			179						80			(8,859)
Adjusted net income (non-GAAP)			d = (a+c)			643			675			693						2,857			2,607
Adjusted net income available to common stockholders (non-GAAP)			e = (b+c)			$	628		$	660		$	678					$	2,796		$	2,548
Weighted average common shares outstanding
Basic			f			13,927,887			14,375,974			14,528,447						14,341,872			14,527,902
Diluted			g			13,927,887			14,375,974			14,539,838						14,342,655			14,539,613
EPS (GAAP)
Basic			b/f			$	49.21		$	43.42		$	34.36					$	189.42		$	785.14
Diluted			b/g			49.21			43.42			34.33						189.41			784.51
Adjusted EPS (non-GAAP)
Basic			e/f			$	45.10		$	45.87		$	46.62					$	194.97		$	175.37
Diluted			e/g			45.10			45.87			46.58						194.96			175.22
Noninterest income and expense
Noninterest income (GAAP)			h			$	699		$	650		$	543					$	2,615		$	12,075
Impact of notable items, before income tax						(183)			(176)			(88)						(668)			(10,381)
Adjusted noninterest income (non-GAAP)			i			$	516		$	474		$	455					$	1,947		$	1,694
Noninterest expense (GAAP)			j			$	1,517		$	1,456		$	1,492					$	5,735		$	5,335
Impact of notable items, before income tax						(249)			(227)			(357)						(916)			(1,189)
Adjusted noninterest expense (non-GAAP)			k			$	1,268		$	1,229		$	1,135					$	4,819		$	4,146
Provision for credit losses
Provision for credit losses (GAAP)						$	155		$	117		$	249					$	431		$	1,375
Less: day 2 provision for loan and lease losses and off-balance sheet exposure						—			—			—						—			716
Less: provision (benefit) for credit losses on investment securities available for sale						—			—			—						—			—
Adjusted provision for credit losses (non-GAAP)						$	155		$	117		$	249					$	431		$	659
PPNR
Net income (GAAP)			a			$	700		$	639		$	514					$	2,777		$	11,466
Plus:
Provision for credit losses						155			117			249						431			1,375
Income tax expense						36			234			199						815			611
PPNR (non-GAAP)			l			$	891		$	990		$	962					$	4,023		$	13,452
Impact of notable items (1)						66			51			269						248			(9,192)
Adjusted PPNR (non-GAAP)			m			$	957		$	1,041		$	1,231					$	4,271		$	4,260
(1) Excludes the notable items for the provision for credit losses and income taxes as these items are excluded from PPNR as presented in the table above.
Note: Certain items above do not precisely recalculate as presented due to rounding.

10

Dollars in millions
						Three Months Ended												Year Ended December 31,
Non-GAAP Reconciliations (continued)						December 31, 2024			September 30, 2024			December 31, 2023						2024			2023
ROA
Net income (GAAP)			a			$	700		$	639		$	514					$	2,777		$	11,466
Annualized net income			n = a annualized			2,786			2,544			2,041						2,777			11,466
Adjusted net income (non-GAAP)			d			643			675			693						2,857			2,607
Annualized adjusted net income			p = d annualized			2,558			2,684			2,748						2,857			2,607
Average assets			o			223,706			220,466			214,612						219,800			194,281
ROA			n/o			1.25		%	1.15		%	0.95		%				1.26		%	5.90		%
Adjusted ROA (non-GAAP)			p/o			1.14			1.22			1.28						1.30			1.34
PPNR ROA
PPNR (non-GAAP)			l			$	891		$	990		$	962					$	4,023		$	13,452
Annualized PPNR			q = l annualized			3,545			3,942			3,818						4,023			13,452
Adjusted PPNR (non-GAAP)			m			957			1,041			1,231						4,271			4,260
Annualized adjusted PPNR			r = m annualized			3,809			4,141			4,882						4,271			4,260
PPNR ROA (non-GAAP)			q/o			1.58		%	1.79		%	1.78		%				1.83		%	6.92		%
Adjusted PPNR ROA (non-GAAP)			r/o			1.70			1.88			2.27						1.94			2.19
ROE and ROTCE
Annualized net income available to common stockholders			s = b annualized			$	2,727		$	2,483		$	1,980					$	2,716		$	11,407
Annualized adjusted net income available to common stockholders			t = e annualized			$	2,499		$	2,623		$	2,687					$	2,796		$	2,548
Average stockholders' equity (GAAP)						$	22,598		$	22,851		$	20,740					$	22,297		$	17,937
Less: average preferred stock						881			881			881						881			881
Average common stockholders' equity			u			$	21,717		$	21,970		$	19,859					$	21,416		$	17,056
Less: average goodwill						346			346			346						346			346
Less: average other intangible assets						259			275			322						283			298
Average tangible common equity (non-GAAP)			v			$	21,112		$	21,349		$	19,191					$	20,787		$	16,412
ROE			s/u			12.56		%	11.30		%	9.97		%				12.68		%	66.88		%
Adjusted ROE (non-GAAP)			t/u			11.51			11.94			13.53						13.06			14.94
ROTCE (non-GAAP)			s/v			12.92			11.63			10.32						13.07			69.50
Adjusted ROTCE (non-GAAP)			t/v			11.84			12.29			14.00						13.45			15.52
Tangible common equity to tangible assets at period end
Stockholders' equity (GAAP)			w			$	22,228		$	22,828		$	21,255
Less: preferred stock						881			881			881
Common equity			x			$	21,347		$	21,947		$	20,374
Less: goodwill						346			346			346
Less: other intangible assets						249			265			312
Tangible common equity (non-GAAP)			y			$	20,752		$	21,336		$	19,716
Total assets (GAAP)			z			223,720			220,567			213,758
Tangible assets (non-GAAP)			aa			223,125			219,956			213,100
Total equity to total assets (GAAP)			w/z			9.94		%	10.35		%	9.94		%
Tangible common equity to tangible assets (non-GAAP)			y/aa			9.30			9.70			9.25
Note: Certain items above do not precisely recalculate as presented due to rounding.

11

Dollars in millions, except share and per share data
						Three Months Ended												Year Ended December 31,
Non-GAAP Reconciliations (continued)						December 31, 2024			September 30, 2024			December 31, 2023						2024			2023
Book value and tangible book value per common share at period end
Common shares outstanding at period end			bb			13,717,621			14,179,208			14,520,118
Book value per share			x/bb			$	1,556.16		$	1,547.81		$	1,403.12
Tangible book value per common share (non-GAAP)			y/bb			1,512.77			1,504.75			1,357.77
Efficiency ratio
Net interest income			cc			$	1,709		$	1,796		$	1,911					$	7,143		$	6,712
Efficiency ratio (GAAP)			j / (h + cc)			63.01		%	59.49		%	60.80		%				58.77		%	28.40		%
Adjusted efficiency ratio (non-GAAP)			k / (i + cc)			56.98			54.15			48.00						53.01		%	49.33		%
Rental income on operating lease equipment
Rental income on operating lease equipment (GAAP)						$	272		$	262		$	252					$	1,048		$	971
Less: depreciation on operating lease equipment						101			99			96						394			371
Less: maintenance and other operating lease expenses						55			59			59						219			222
Plus: Depreciation on impaired operating lease equipment						4			—			—						4			—
Adjusted rental income on operating lease equipment (non-GAAP)						$	120		$	104		$	97					$	439		$	378
Net interest income & Net interest margin
Net interest income (GAAP)			cc			$	1,709		$	1,796		$	1,911					$	7,143		$	6,712
Loan PAA			dd			90			107			198						505			733
Other PAA			ee			(8)			(6)			(4)						(24)			7
PAA			ff = (dd + ee)			$	82		$	101		$	194					$	481		$	740
Net interest income, excluding PAA (non-GAAP)			gg = (cc - ff)			$	1,627		$	1,695		$	1,717					$	6,662		$	5,972
Annualized net interest income			hh = cc annualized			$	6,798		$	7,147		$	7,584					$	7,143		$	6,712
Annualized net interest income, excluding PAA			ii = gg annualized			6,472			6,746			6,813						6,662			5,972
Average interest-earning assets			jj			204,779			202,199			196,253						201,578			170,771
NIM (GAAP)			hh/jj			3.32		%	3.53		%	3.86		%				3.54		%	3.92		%
NIM, excluding PAA (non-GAAP)			ii/jj			3.16			3.33			3.47						3.30			3.50
Interest income on loans (GAAP)						$	2,322		$	2,430		$	2,391					$	9,528		$	8,187
Less: loan PAA			dd			90			107			198						505			733
Interest income on loans, excluding loan PAA (non-GAAP)						$	2,232		$	2,323		$	2,193					$	9,023		$	7,454
Income tax expense
Income tax expense						$	36		$	234		$	199					$	815		$	611
Impact of notable items (1)						123			15			90						168			383
Adjusted income tax expense (non-GAAP)						$	159		$	249		$	289					$	983		$	994
Effective tax rate
Effective tax rate (GAAP)						4.88		%	26.76		%	27.93		%				22.67		%	5.06		%
Impact of notable items (1)						15.01		%	0.17		%	1.54		%				2.93		%	22.54		%
Adjusted effective tax rate (non-GAAP)						19.89		%	26.93		%	29.47		%				25.60		%	27.60		%
(1) 4Q24 and YTD 2024 includes the impact of a change in our estimated state income tax rates after filing our first income tax returns that included the SVBB Acquisition.
Note: Certain items above do not precisely recalculate as presented due to rounding.

12