EX-99.1 2 egbninvestorpresentation.htm EX-99.1
Investor Presentation Ticker: EGBN EagleBankCorp.com February 2021

Forward Looking Statements 2 This presentation contains forward looking statements within the meaning of the Securities and Exchange Act of 1934, as amended, including statements of goals, intentions, and expectations as to future trends, plans, events or results of Company operations and policies and regarding general economic conditions. In some cases, forward-looking statements can be identified by use of words such as “may,” “will,” “anticipates,” “believes,” “expects,” “plans,” “estimates,” “potential,” “continue,” “should,” and similar words or phrases. These statements are based upon current and anticipated economic conditions, nationally and in the Company’s market, interest rates and interest rate policy, competitive factors and other conditions which by their nature, are not susceptible to accurate forecast and are subject to significant uncertainty. For details on factors that could affect these expectations, see the risk factors and other cautionary language included in the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2020, Annual Report on Form 10-K and other periodic and current reports filed with the SEC. Because of these uncertainties and the assumptions on which this discussion and the forward-looking statements are based, actual future operations and results in the future may differ materially from those indicated herein. Readers are cautioned against placing undue reliance on any such forward-looking statements. The Company’s past results are not necessarily indicative of future performance. The Company does not undertake to publicly revise or update forward-looking statements in this presentation to reflect events or circumstances that arise after the date of this presentation, except as may be required under applicable law. This presentation was delivered digitally. The Company makes no representation that subsequent to delivery of the presentation it was not altered. For the most current, accurate information, please refer to www.eaglebankcorp.com and go to the Investor Relations tab. For further information on the Company please contact: David G. Danielson P 240-552-9534 E ddanielson@eaglebankcorp.com

Experienced Senior Management Team 3 Susan Riel CEO & President, Eagle Bancorp & EagleBank 44 years in banking 23 years with EGBN Charles Levingston EVP & Chief Financial Officer, Eagle Bancorp & EagleBank 20 years in banking 9 years with EGBN Executive Vice President and Chief Financial Officer of the Bank and Company as of April 2017, most recently served as Executive Vice President of Finance at the Bank. Mr. Levingston, a CPA, served in various financial and senior management roles at the bank prior to his current role. Mr. Levingston joined the bank in January 2012, and previously worked at the Federal Reserve Banks of Atlanta and Philadelphia as a commissioned Bank Examiner, and at PriceWaterhouseCoopers as a Manager in the Advisory practice. He has over 20 years of experience in the banking industry. Chief Executive Officer of the Bank and Company, and formerly Chief Operating Officer. Ms. Riel has been with the bank for 22 years. She previously served as Executive Vice President - Chief Operating Officer of Columbia First Bank, FSB from 1989 until that institution’s acquisition by First Union Bancorp in 1995. She is one of the founding officers of EagleBank. Ms. Riel has over 44 years of experience in the commercial banking industry. Ms. Riel was recently included in the Bisnow 2017 Power Series: Women of Influence in Commercial Real Estate. Janice Williams EVP, Eagle Bancorp; Senior EVP & Chief Credit Officer, EagleBank 26 years in banking 17 years with EGBN Executive Vice President and Chief Credit Officer of the Bank, has served the Bank as Credit Officer, Senior Credit Officer and Chief Credit Officer for the past 17 years. Prior to employment with the Bank, Ms. Williams was with Capital Bank, Sequoia Bank, and American Security Bank. Additionally, Ms. Williams, a graduate of Georgetown University Law Center and a Member of the Maryland Bar, was previously employed in the private practice of law in Maryland.

Experienced Senior Management Team 4 Joined EagleBank in June 2020 as the Chief Risk Officer. Prior to this, he was Managing Director for the Risk and Finance Advisory Practice in Deloitte’s Banking and Capital Markets Group, where he focused on the development of ERM and risk-category-specific governance structures and management frameworks. He also served as Managing Director at FTI Consulting. He holds a B.S. in Finance and Accounting and an M.S. in Finance-Investments and Capital Markets from the University of Wisconsin, Madison. Joined EagleBank in January 2020 as the Chief Legal Officer. He is responsible for all legal and compliance oversight at the bank. Mr. Saltzman was recently a Partner in the Banking and Financial Institutions Advisory Practice at White & Case and Vice Chairman at Deutsche Bank, where he helped lead capital stress testing, regulatory remediation and transaction banking in the Americas region. He holds a B.A. from Clark University and a J.D. from Boston University School of Law. Jeff Curry EVP & Chief Risk Officer, Eagle Bancorp & EagleBank 42 years in financial services <1 years with EGBN Paul Saltzman EVP & Chief Legal Officer, Eagle Bancorp & EagleBank 35 years in financial services 1 years with EGBN Lindsey Rheaume EVP, Eagle Bancorp; EVP & Chief Commercial & Industrial Lending Officer, EagleBank 35 years in banking 6 years with EGBN Antonio Marquez EVP, Eagle Bancorp; Senior EVP & President of Commercial Banking, EagleBank 35 years in banking 10 years with EGBN Joined EagleBank in 2011 as the Chief Real Estate Lender. Prior to joining EagleBank, he established the real estate lending franchise for HSBC for the Washington, DC market Earlier he was the head of Commercial Real Estate lending at Chevy Chase Bank from 1999 to 2005 and prior to that held various lending positions at Chase Manhattan Bank in New York and The Riggs National Bank in Washington, D.C. Mr. Marquez has over 35 years of experience in the banking industry in the Washington, DC metropolitan area. Joined EagleBank as Chief C&I Lending Officer in December 2014 and has over 35 years of commercial lending, credit risk and managerial experience in the financial industry. Most recently, he served as relationship executive for JP Morgan Chase, responsible for business development in the DC, suburban Maryland and Northern Virginia market. Previously, he served as executive vice president and commercial lending manager at Virginia Commerce Bank—which was acquired by United Bank in 2014—where he managed the bank’s entire commercial and industrial lending activities. Earlier in his career, he held senior commercial lending and credit positions with SunTrust Bank, GE Capital and Bank of America.

Board Focused on Vision and Oversight 5 Norman Pozez Executive Chair - Board of Directors 12 years with EGBN Kathy Raffa Director, Chair - Audit Committee 5 years with EGBN Leslie Ludwig Director, Chair - Compensation Committee 4 years with EGBN Theresa LaPlaca Director, Chair - Risk Committee 1 years with EGBN Susan Riel Director, President & CEO 23 years with EGBN Matthew Brockwell Director, Chair – Governance & Nominating Committee 1 year with EGBN Former Audit Partner at PricewaterhouseCoopers LLP (PwC). His practice included both SEC registered and privately held companies, Chairman & CEO of the Uniwest Companies which is comprised of four operating companies related to the real estate and construction industry. Former EVP and Head of the Conduct Risk Management Group and a member of the Management Committee at Wells Fargo & Co. Prior to that she was the CFO of Wells Fargo’s Wealth and Investment Management businesses. President of Raffa, PC, a top 100 accounting firm based in Washington, D.C., until its 2018 merger with Marcum, LLP. She currently serves as the Office Managing Partner for Marcum’s Washington, D.C. region offices. Prior to becoming CEO in 2019, was a Sr. EVP/COO of the Bank, and EVP of the Company. Joined the Company in 1998, and has been a member of the Company Board of Directors since 2017. Co-founder of L&L Advisors, a commercial real estate consulting firm, and retired Partner and Chair of the Management Committee at JBG Smith (formerly JBG Companies) Steve Freidkin Director <1 years with EGBN Ernie Jarvis Director <1 years with EGBN Managing Principal of Jarvis Commercial Real Estate, Previously, Jarvis was with First Potomac Realty Trust and CBRE. CEO/founder of Ntiva, Inc., a technology firm that provides businesses with advanced technology expertise and support. James Soltesz Director 13 years with EGBN Chief Executive Officer of Soltesz, Inc., an engineering and consulting firm, since 2006. Benjamin Soto Director 14 years with EGBN Principal of Premium Title and Escrow, LLC, a Washington, D.C.-based full service title company and is a real estate transactions attorney.

Summary Statistics 6 Total Assets $ billion Total Loans $ billion Total Deposits $ billion Tangible Common Equity $ billion Shares Outstanding (at close December 31, 2020) 31,779,663 Market Capitalization (at close February 5, 2021) $1.4 billion Tangible Book Value per Common Share $35.74 Institutional Ownership 74% Member of Russell 2000 yes Member of S&P SmallCap 600 yes Note: Financial data at or for the quarter ended December 31, 2020 unless otherwise noted (1) Please refer to the Non-GAAP reconciliation and footnotes in the appendices. (2) Based on February 5, 2021 closing price of $45.17 per share. (1) (1) (2)

Our Story 7 *Please refer to the Non-GAAP reconciliation and footnotes in the appendices. Note: TBVPS is adjusted for - 5:4 stock split 3/31/2000, 7:5 stock split 6/15/2001, 1.3:1 stock split 2/28/2005; 1.3:1 stock split 7/5/2006; 10% stock dividend 10/1/2008 and 10% stock dividend 6/14/2013.

Investment Rationale 8 Solid capitalization and conservative capital management Well-managed asset quality Above average peer returns Superior efficiency with limited branch network Recognized expertise in CRE, C&I and residential mortgage lending Strategically positioned in one of the most attractive markets in the U.S. Dedicated, diverse and experienced Board focused on vision and governance

Key Financial Metrics – 4th Quarter 9 • Solid Capital Ratios: – Tangible Common Equity(1) | 10.31% – Tier 1 Leverage | 10.31% – Total Risk Based Capital | 17.04% • Ample Reserves & Clean Asset Quality: – ACL/Loans | 1.41% – NPAs/Assets | 0.59% – NCOs/Average Loans | 0.28% • Strong Returns: – ROAA | 1.39% – PPNR/AA(1) | 2.02% – ROATCE(1) | 13.69% Note: Financial data at or for the quarter ended December 31, 2020. NCOs, returns and dividend yield are annualized. (1) Please refer to the Non-GAAP reconciliation and footnotes in the appendices; (2) Computed by dividing noninterest expense by the sum of net interest income and noninterest income; (3) Computed by dividing total deposits by 20 branch locations; 4) Based on February 5, 2021 closing price of $45.17 per share. • Net Interest Margin | 2.98% – Yield on Loans | 4.50% – Cost of Funds | 0.48% • Limited branch network: – Efficiency Ratio(2) | 38% – Deposits per branch(3) | $459 million • Average noninterest bearing deposits/ Deposits | 33% • Cash Dividend: – Yield(4) | 1.95% – Dividend payout ratio | 18.2%

Attractive & Resilient Market 10 • Washington DC MSA – Market is the 6th largest in the U.S. – Population of 6 million with a projected annual growth rate of 4.05% – Workforce of 3.3 million – 2021 median household income of $109,000 vs. $68,000 U.S. – Unemployment of 5.7% in November down from 6.9% in September (US 6.7% in December) • Business strength – Two largest industries less impacted by COVID ▪ Federal government & government contracting ▪ Professional services – Major presence by technology, medical and educational institutions – Home to 17 Fortune 500 companies – Ongoing large construction projects – Top 25 projects total estimated cost of $12.6 billion* – Amazon HQ2 hired its 1,000th local employee last summer, target is 25,000 – #1 location for data centers (Dulles corridor) *Washington Business Journal 8/7/2020. Sources: US Bureau of Labor Statistics, S&P Global Market Intelligence, Washington Business Journal Book of Lists, Washington Post, Fortune .

295 495 95 495 495 270 395 66 66 Bethesda Lanham Chevy Chase Twinbrook Rockville Shady Grove Rosslyn Ballston Silver Spring Park Potomac Merrifield Alexandria Fairfax Tysons Corner Reston Dulles Town Center Chantilly HQ RHQ RHQ MONTGOMERY COUNTY PRINCE GEORGE’S COUNTY FAIRFAX COUNTY ARLINGTON COUNTY LOUDOUN COUNTY DC MD MDVA Corporate Headquarters Regional Headquarters Loan Office Branch Branch System Lending Office Virginia 9 Maryland 6 2 Washington, DC 5 Total 20 2 Limited Network of Offices 11

Local Leader in Deposit Share 12 Note: Market includes Maryland counties of Montgomery and Prince George’s; Virginia counties of Alexandria, Arlington, Fairfax, Fairfax City, Falls Church, Loudoun, Manassas, Manassas Park and Prince William; and the District of Columbia. Data excludes Morgan Stanley’s subsidiary E*Trade whose deposits are substantially gathered from outside of the defined market area. Also excludes credit unions. Source: S&P Global Market Intelligence. • Market dominated by large banks ‒ Top 6 have 73.7% market share • Eagle has a significant deposit base with a limited network of 20 offices ‒ Contributes to improved efficiency • Eagle deposits as of year-end 2020 were $9.2 billion ‒ Up $1.2 billion from June 30th ‒ Average deposits per branch up to $459 million 73.7% $'s in millions Average Local Deposits HQ Headquarters # of Per Market Rank Rank Company Name City, State Branches Branch Deposits Share 1 1 Capital One McLean, VA 77 $620 $47,721 19.3% 2 Bank of America Charlotte, NC 133 302 40,117 16.2% 3 Wells Fargo San Francisco, CA 137 256 35,126 14.2% 4 Truist Charlotte, NC 242 143 34,514 14.0% 5 PNC Pittsburgh, PA 139 109 15,217 6.2% 6 Citigroup New York, NY 32 290 9,281 3.8% 7 United Bankshares Charleston, WV 55 166 9,127 3.7% 8 2 Eagle Bancorp Bethesda, MD 20 399 7,985 3.2% 9 3 Sandy Spring Olney, MD 46 167 7,680 3.1% 10 Toronto-Dominion Toronto 48 119 5,730 2.3% 11 M&T Bank Buffalo, NY 66 77 5,077 2.1% 12 HSBC Holdings London 9 456 4,102 1.7% 13 Atlantic Union Richmond, VA 14 221 3,089 1.3% 14 4 Burke & Herbert B&T Alexandria, VA 24 113 2,706 1.1% 15 Workers United Philadelphia, PA 1 2,033 2,033 0.8% 16 5 Capital Rockville, MD 5 314 1,570 0.6% 17 6 John Marshall Reston, VA 8 196 1,565 0.6% 18 7 FVCBankcorp Fairfax, VA 8 187 1,493 0.6% 19 8 MainStreet Fairfax, VA 7 192 1,345 0.5% 20 First Abu Dhabi Washington, DC 1 1,292 1,292 0.5% 21 9 Congressional Chevy Chase, MD 6 206 1,235 0.5% 22 WesBanco Wheeling, WV 12 97 1,162 0.5% 23 10 Chain Bridge McLean, VA 1 966 966 0.4% 24 JPMorgan Chase New York, NY 35 27 939 0.4% 25 11 Presidential Bethesda, MD 10 61 606 0.2% All other market participants 96 56 5,365 2.2% Market Total 1,232 $201 $247,043 100.0% June 30, 2020

Diversity, Inclusion and Involvement 13 • Diversity of Board & Senior Management – Board of 10 includes 4 women (including the CEO) and 2 men who identify as minorities – Senior Management of 7 includes 2 women and 1 man who identifies as a minority • Diversity & Inclusion Council established in 2020 – 16 diverse employees from across the company – Council head is a man who identifies as minority – Executive sponsor is the CEO – Two board members, a woman and a man who identifies as a minority, act as liaison to the Council – Committee is newly formed and in process of finalizing its charter and forming goals

COVID-19 Update 14 • 2020 – Adopted CECL and built reserves to 1.41% of loans – Maintained productivity working remotely – PPP loans to over 1,400 business with total balances of $456 million at the end of the 3rd quarter – Net charge-offs were 0.26% of average loans – Ended the year with NPAs/assets of 0.59% • January/February 2021 – Reached out to clients about the new round of PPP funding – Began taking applications in mid-January • Emerging from COVID-19 – Large and resilient market – A new administration typically generates more government contracts and a rise in professional services – We expect the vaccine rollout and proposed stimulus will likely have an outsized positive impact on hospitality and restaurant industries – Low loan/deposit ratio of 84.4% – Risk based capital of 17.04%

$6,076 $6,890 $7,479 $8,389 $8,989 $11,118 2015Y 2016Y 2017Y 2018Y 2019Y 2020Y (in m ill io ns ) Assets $5,158 $5,716 $5,854 $6,974 $7,224 $9,189 2015Y 2016Y 2017Y 2018Y 2019Y 2020Y (in m ill io ns ) Deposits $455 $4,998 $5,678 $6,412 $6,991 $7,546 $7,760 2015Y 2016Y 2017Y 2018Y 2019Y 2020Y (in m ill io ns ) Loans HFI Loans excl PPP PPP Loans Assets grow past $11 billion 15 • Historically, loan growth drove asset growth ‒ Loan growth of 10.8% (CAGR) from 2015-2019 • 2020 asset growth driven by deposits ‒ Deposits up $1.97 billion ‒ Assets up $2.13 billion ‒ Loans up $214 million • Focus remains on loan quality and clients ‒ Maintaining high quality originations ‒ Serving existing clients ‒ $455 million PPP (origination fees approx.3.0%)

Solid capitalization & growth of RBC 16 Note: Peers are depository institutions with assets from $7-$15 billion as of December 31, 2020 (excludes savings banks, thrifts and mutuals). 2020Y is through the most recently reported quarter end. Source: S&P Global Market Intelligence. • Capitalization ‒ Tangible common equity levels above peers ‒ Strong earnings continue to supplement capital ‒ RBC at 17.04% give us room to lend as economy returns to normal • Capital management ‒ 2019 Stock Repurchase Plan: Completed in mid-December 2020 ‒ 2021 Stock Repurchase Plan: For up to 1.6 million shares (5% of outstanding) ‒ Dividends: $0.22 per share dividends declared each quarter starting in the 2nd quarter of 2019 • Access to capital markets ‒ Subordinated Notes: $150 million of 10 Year, 5 Year non-call, 5.00% sold in July 2016 ‒ Common Equity: $100 million of raised through an underwritten offering in March 2015 ‒ Subordinated Notes: $70 million of 10 Year non- call 5.75% sold in August 2014 10.56% 10.84% 11.44% 12.11% 12.22% 10.31% 8.65% 8.75% 8.93% 9.28% 9.59% 9.09% 2015Y 2016Y 2017Y 2018Y 2019Y 2020Y Tang. Common Equity / Tang. Assets (Non-GAAP)* EagleBancorp Peer Median

Efficiency continues to be a strength 17 • Efficiency much better than peers ‒ Focus on higher value business relationships ‒ Branches focused on commercial sub-markets ‒ Average deposits per branch of $459 million • Efficiency Components ‒ Non interest income benefitted from large increase in assets ‒ Non interest income increase driven by mortgage division ‒ Non interest expense relatively flat on continued cost controls Note: Peers are depository institutions with assets from $7-$15 billion as of December 31, 2020 (excludes savings banks, thrifts and mutuals). 2020Y is through the most recently reported quarter end. Source: S&P Global Market Intelligence. *Computed by dividing non interest expense by the sum of net interest income and noninterest income; 2020Y components are rounded and may not add to yearly total. 42.5% 40.3% 37.8% 37.3% 40.0% 39.3% 62.3% 60.2% 58.5% 56.3% 56.7% 57.1% 2015Y 2016Y 2017Y 2018Y 2019Y 2020Y Efficiency Ratio* EagleBancorp Peer Median $80 $81 $79 $81 $234 $258 $284 $317 $324 $322 2015Y 2016Y 2017Y 2018Y 2019Y 2020Y (in m ill io ns ) Net Interest Income Full year Q1 2020 Q2 2020 Q3 2020 Q4 2020 $5 $12 $18 $10 $27 $27 $29 $23 $26 $46 2015Y 2016Y 2017Y 2018Y 2019Y 2020Y (in m ill io ns ) Non Interest Income Full year 1Q 2020 2Q 2020 3Q 2020 4Q 2020 $37 $35 $37 $35 $111 $115 $119 $127 $140 $144 2015Y 2016Y 2017Y 2018Y 2019Y 2020Y (in m ill io ns ) Non Interest Expense Full year Q1 2020 Q2 2020 Q3 2020 Q4 2020

Strong earnings to close out 2020 18 • Eagle had a strong finish to 2020 ‒ 3rd & 4th quarter earnings were two best linked quarters ever - $80.2 million ‒ ROAA of 1.57% (3Q) and 1.39% (4Q) • Returns on tangible common equity (non- GAAP) ‒ Impacted by higher level of capitalization (TCE/TA 10.31% vs. 9.09% peer) ‒ PPNR down in 4th quarter on much higher average assets (up $668 million) Note: Peers are depository institutions with assets from $7-$15 billion as of December 31, 2020 (excludes savings banks, thrifts and mutuals). 2020Y is through the most recently reported quarter end. Source: S&P Global Market Intelligence. *Please refer to the Non-GAAP reconciliation and footnotes in the appendices. 14.69% 14.19% 12.54% 16.63% 13.40% 12.03% 11.88% 11.73% 11.56% 15.04% 14.12% 11.16% 2015Y 2016Y 2017Y 2018Y 2019Y 2020Y Return on Average Tangible Common Equity (Non-GAAP)* EagleBancorp Peer Median 1.49% 1.52% 1.41% 1.91% 1.61% 1.28% 0.99% 1.02% 1.00% 1.30% 1.26% 0.91% 2015Y 2016Y 2017Y 2018Y 2019Y 2020Y Return on Average Assets EagleBancorp Peer Median

$18.83 $21.61 $24.67 $29.17 $32.67 $35.74 2015Y 2016Y 2017Y 2018Y 2019Y 2020Y Tangible Book Value Per Share Building tangible book value 19 Note: Quarterly EPS are rounded and do not add to yearly total. Quarterly dividend began in the 2nd quarter of 2020 at $0.22 per share. • Tangible book continues to rise ‒ TBVPS growth of 13.7% (CAGR) from 2015 through end of 2020 • In 2020 returned almost $90 million to stockholders ‒ Stock repurchases of $61.4 million ‒ Dividends of $28.3 million (21.6% payout ratio) $0.22 $0.22 $0.22 $0.22 $- $- $- $- $0.66 $0.88 2015Y 2016Y 2017Y 2018Y 2019Y 2020Y Common Dividends Per Share Full year 1Q 2020 2Q 2020 3Q 2020 4Q 2020 $0.70 $0.90 $1.28 $1.21 $2.50 $2.86 $2.92 $4.42 $4.18 $4.08 2015Y 2016Y 2017Y 2018Y 2019Y 2020Y Earnings per Share (diluted) Full year 1Q 2020 2Q 2020 3Q 2020 4Q 2020

CECL Adopted 1.05% 1.04% 1.01% 1.00% 0.98% 1.23% 1.36% 1.40% 1.41% Allowance for Credit Losses / Loans 0.31% 0.30% 0.20% 0.21% 0.56% 0.56% 0.69% 0.62% 0.59% NPAs* / Assets CECL Adopted Asset quality remains strong 20 Note: CECL adoption on January 1, 2020 led to an initial adjustment to the allowance for credit losses of $10.6 million. 2020Y components are rounded and may not add to yearly total. *NPAs include loans 90 days past due and still accruing. $14.3 $19.7 $6.6 $4.9 $14.6 $11.3 $9.0 $8.7 $13.1 $45.6 2015Y 2016Y 2017Y 2018Y 2019Y 2020Y (in m ill io ns ) Provision for Credit Losses Full year Q1 2020 Q2 2020 Q3 2020 Q4 2020 0.17% 0.09% 0.06% 0.05% 0.13% 0.12% 0.36% 0.26% 0.28% NCO / Average Loans • Provision build in 1st half of 2020 for CECL adoption and COVID-19 • Credit quality remained strong in 2nd half of 2020 ‒ NPAs and charge-offs remain low ‒ Lower provision in 3rd and 4th quarters

21 Margin impacted by deposit inflow • Margin decline driven by ‒ Deposit inflows which changed mix of earning assets ‒ PPP loans of $455 million with 1% coupon • Average loans to average assets ‒ Moved from low-to-mid-80s% to 70.9% with deposit inflows and lower demand for loans 4.33% 4.16% 4.15% 4.10% 3.77% 3.49% 3.26% 3.08% 2.98% 2015Y 2016Y 2017Y 2018Y 2019Y 2020Q1 2020Q2 2020Q3 2020Q4 Net Interest Margin 81.6% 82.9% 83.8% 83.4% 82.8% 81.0% 77.6% 75.5% 70.9% 2015Y 2016Y 2017Y 2018Y 2019Y 2020Q1 2020Q2 2020Q3 2020Q4 Average Loans / Average Assets $4.6 $5.3 $5.9 $6.6 $7.3 $7.7 $8.0 $7.9 $7.9 $4.7 $5.4 $5.8 $6.4 $7.2 $7.7 $8.5 $8.6 $9.2 $3.0 $4.0 $5.0 $6.0 $7.0 $8.0 $9.0 $10.0 (in b ill io ns ) Average Loans & Average Deposits Average Loans Average Deposits

22 Yield on loans flat, deposit costs down • Yield on Loans ‒ PPP loans of $455 million at 1% coupon ‒ Continued focus on good credit and stable income producing CRE • Cost of funds ‒ Lowered deposit rates across the board by 5 basis points in mid-December 2020 ‒ Expect deposit costs to decrease further as higher priced CD funding rolls off ‒ Pricing competition remains stable for now 4.69% 4.60% 4.73% 5.09% 5.00% 4.55% 3.91% 3.66% 3.46% 5.24% 5.11% 5.17% 5.54% 5.45% 5.07% 4.63% 4.46% 4.50% 2015Y 2016Y 2017Y 2018Y 2019Y 2020Q1 2020Q2 2020Q3 2020Q4 Yield on Loans & Average Earning Assets Yield on Average Earning Assets Yield on Loans Note: Cost of deposits is total interest bearing deposits divided by average deposits. 0.31% 0.36% 0.47% 0.93% 1.26% 1.07% 0.59% 0.51% 0.41% 0.36% 0.44% 0.58% 0.99% 1.23% 1.06% 0.65% 0.58% 0.48% 2015Y 2016Y 2017Y 2018Y 2019Y 2020Q1 2020Q2 2020Q3 2020Q4 Cost of Funds & Cost of Deposits Cost of Deposits Cost of Funds

Deposits up $1 billion in the 4th quarter 23 *Core deposits include CDAR’s and ICS reciprocal deposits. • Total Deposits $9.2 billion ‒ Up $2 billion in 2020 ‒ Up $1 billion in 4th quarter 2020 • Deposit philosophy ‒ Commercial focus drives growth of Noninterest Bearing Demand accounts ‒ Wholesale MM used to enhance cost of funds, not a strategy to replace growth in core deposits $7,224 $8,142 $7,936 $8,179 $9,189 2019Q4 2020Q1 2020Q2 2020Q3 2020Q4 (in m ill io ns ) Deposits - Last 5 Quarter Ends

Securities Portfolio 24 • Highlights ‒ $22.0 million net unrealized gains as of December 31, 2020 ‒ Average life of portfolio is 3.4 years ‒ Excludes Federal Reserve and Federal Home Loan Bank stock $ in thousands Gross Gross Allowance Estimated Amrt. Cost Amortized Unrealized Unrealized for Credit Fair % of Total Security Type Cost Gain Losses Losses Value Securities US Government Agency Securities $181,087 $1,461 $627 $0 $181,921 16.0% Mortgage Backed Securites - GSEs 811,328 14,506 833 - $825,001 71.9% Municipal Bonds 102,259 5,872 - 139 $107,992 9.1% Corporate Bonds 34,383 1,624 8 28 $35,971 3.0% Other Equity Investments 198 - - - 198 0.0% Total Securities $1,129,255 $23,463 $1,468 $167 $1,151,083 100.0% US Government Agency Securities $130,313 $1,638 $665 $0 $131,286 13.6% Mortgage Backed Securites - GSEs 702,655 14,578 590 - $716,643 73.5% Municipal Bonds 90,292 4,551 114 16 $94,713 9.4% Corporate Bonds 33,345 1,596 71 140 $34,730 3.5% Other Equity Investments 198 - - - 198 0.0% Total Securities 956,803$ 22,363$ 1,440$ 156$ 977,570$ 100.0% US Government Agency Securities $180,228 $621 $1,055 $0 $179,794 21.5% Mortgage Backed Securites - GSEs 541,490 4,337 1,975 - 543,852 64.4% Municipal Bonds 71,902 2,034 5 - 73,931 8.6% Corporate Bonds 10,530 203 - - 10,733 1.3% US Treasury 34,844 11 - - 34,855 4.2% Other Equity Investments 198 - - $0 198 0.0% Total Securities $839,192 $7,206 $3,035 -$ $843,363 100.0% December 31, 2020 September 30, 2020 December 31, 2019

Loan Mix 25 • Loan commentary – C&I/Owner Occupied CRE at 31% of portfolio is more of a focus than other local banks – C&I Loan Portfolio is predominantly variable rate loans – Owner Occupied Loans are key to small and mid- market relationships – DDA Operating Accounts of C&I relationships are a critical component of deposit composition strategy – Treasury Management services provide opportunity for relationship retention and expansion • CRE risk management – Executive & Board Level Oversight of Approval Process – Disciplined Underwriting – Proactive Portfolio Management – Quarterly Stress Testing of CRE Portfolio – Quarterly Independent Credit Review – Dedicated Special Assets Team Outstanding Percent of Loan Type Balance Portfolio (in millions) C&I $1,437.4 18.5% Owner Occupied CRE 997.7 12.9% Income Producing CRE 3,687.0 47.5% Owner Occupied Const. 158.9 2.0% CRE Construction 801.2 10.3% Land 72.1 0.9% Residential Mortgage 76.6 1.0% Consumer 74.5 1.0% PPP 454.8 5.9% Total $7,760.2 100.0%

Loan Portfolio - Details 26 Note: Data as of December 31, 2020. $ in millions Location C&I Owner Occupied CRE Income Producing CRE Owner Occupied Const. CRE Construction Land Residential Mortgage Consumer PPP Total % of Total District of Columbia $346.8 $216.2 $1,164.6 $49.1 $528.1 $30.9 $36.1 $13.7 $130.2 $2,515.7 32.4% Suburban Washington Montgomery $371.1 $171.7 $679.3 $31.8 $61.6 $6.7 $12.5 $36.9 $123.0 $1,494.6 19.3% Fairfax 219.3 78.1 437.9 - 46.6 3.8 7.6 10.3 72.4 876.0 11.3% Prince George's 125.3 132.0 267.6 15.8 25.0 7.0 - 1.0 39.8 613.5 7.9% Loudoun 49.5 46.7 163.9 7.8 23.1 - 1.9 2.1 12.3 307.3 4.0% Arlington 51.6 0.4 88.7 1.7 1.6 - 0.7 0.6 7.6 152.9 2.0% Alexandria 26.4 29.0 84.0 8.6 14.8 - - 3.6 10.6 177.0 2.3% Prince William 7.7 30.3 78.9 6.8 6.0 - - 0.7 4.6 135.0 1.7% Frederick 6.9 0.6 62.5 2.9 - 4.0 0.6 0.4 4.0 81.9 1.1% Suburban Washington $857.8 $488.8 $1,862.8 $75.4 $178.7 $21.5 $23.3 $55.6 $274.3 $3,838.2 49.5% Other Maryland Baltimore $41.5 $30.8 $121.0 $2.4 $8.0 $0.0 $0.1 $0.1 $5.1 $209.0 2.7% Anne Arundel 14.3 26.8 120.7 - 24.5 - 2.9 1.0 6.8 197.0 2.5% Eastern Shore 8.0 11.3 73.1 - 0.2 0.1 1.6 - 0.9 95.2 1.2% Howard 13.9 3.8 39.3 - - 3.2 0.8 1.2 12.7 74.9 1.0% Charles 0.4 20.2 6.9 - - - 0.3 0.2 0.9 28.9 0.4% Other MD 3.5 9.1 2.8 - 2.2 - - 0.4 0.3 18.3 0.2% Other Maryland $81.6 $102.0 $363.8 $2.4 $34.9 $3.3 $5.7 $2.9 $26.6 $623.2 8.0% Other Virginia Fauquier 2.0 - 10.4 - - - 1.7 0.3 2.3 16.7 0.2% Other VA 11.4 43.7 122.5 1.8 15.1 0.8 0.4 0.2 3.2 199.1 2.6% Other Virginia $13.4 $43.7 $132.9 $1.8 $15.1 $0.8 $2.1 $0.5 $5.5 $215.8 2.8% Other USA $137.8 $147.0 $162.9 $30.2 $44.4 $15.6 $9.4 $1.8 $18.2 $567.3 7.3% Total $1,437.4 $997.7 $3,687.0 $158.9 $801.2 $72.1 $76.6 $74.5 $454.8 $7,760.2 100.0% % of Total (ex PPP) 19.7% 13.7% 50.5% 2.2% 11.0% 1.0% 1.0% 1.0% NA 100.0% % of Total 18.5% 12.9% 47.5% 2.0% 10.3% 0.9% 1.0% 1.0% 5.9% 100.0% 31.4% Commercial Real Estate Construction

ADC & CRE Concentration 27 Note: ADC and CRE concentration ratios represents concentration as a percentage of consolidated risk-based capital. CRE excludes owner occupied. CRE Details ADC Details $ in millions 2019 Q4 2020 Q1 2020 Q2 2020 Q3 2020 Q4 Total CRE portfolio $4,731 $4,803 $4,741 $4,661 $4,618 CRE/Total Loans 62.7% 61.3% 59.1% 59.2% 59.5% NPLs/Total CRE 0.35% 0.33% 0.52% 0.58% 0.70% NCOs/Total CRE 0.08% 0.12% 0.06% 0.15% 0.12% $ in millions 2019 Q4 2020 Q1 2020 Q2 2020 Q3 2020 Q4 Total ADC portfolio $1,610 $1,413 $1,473 $1,428 $1,378 ADC/Total Loans 21.3% 18.0% 18.4% 18.1% 17.8% NPLs/Total ADC 0.72% 0.49% 0.86% 0.72% 0.60% NCOs/Total ADC 0.00% 0.50% 0.24% 0.27% 0.21%

COVID-19 Deferral Trend & Philosophy 28 • COVID-19 Task Force created to recognize and remediate risk in the loan portfolio ‒ 6 Senior Executives ‒ Jan Williams CCO is Chair • Migration ‒ To provide heightened visibility and oversight, all 2nd deferrals were added to the Watch list in the third quarter ‒ Of the $851 million deferred as of 9/30/2020, as of 12/31/2020 $73 million were 30-89 past due and $20 million were NPLs $ in millions 6/30/2020 9/30/2020 12/31/2020 Loan Balance $1,630 $851 $72 Number of Notes 708 321 36 Percent of loans 20.3% 10.8% 0.9% $ in millions % of Weighted Number Deferred Total Total Avg. LTV Industry/ of Total Note Deferred Outstanding of RE Avg. Loan Collateral Type Notes Outstanding Count Outstanding Deferred Collateral Size December 31, 2020 Hotels 43 $529 0 $0.0 0.0% NA - Restaurants 393 238 2 5.0 2.1% 75% $2.5 Retail 312 461 1 4.0 0.9% 75% 4.0 Other 5,534 6,532 33 63.5 1.0% 68% 1.9 Total 6,282 $7,760 36 $72.5 0.9% NA NA

Mortgages, FHA & SBA 29 • Mortgages ‒ Locked loans in 2020 were $1.9 billion • FHA Multi-Family ‒ 5 dedicated FTE’s ‒ Group started in 2016 ‒ Revenue of almost $4 million in 2020 • SBA ‒ PPP loans to over 1,400 businesses with total balances of $456 million as of the end of the 3rd quarter ‒ Actively assisting clients with new round of PPP *Locked loans are loans for which an application is received and an interest rate is locked between the prospective borrower and the bank. Not all locked loans close. **1st quarter of 2020 includes hedge and mark to market losses of $2.6 million

Appendices 30

Performance Statistics Summary 31 Note: Peers are depository institutions with assets from $7-$15 billion as of December 31, 2020 (excludes savings banks, thrifts and mutuals). There were 45 depository institutions within that range as of December 31, 2020, and all were included in the peer group. Source: S&P Global Market Intelligence. *Please refer to the Non-GAAP reconciliation and footnotes in the appendices. **Valuation uses period-end closing stock price except for 2020Y which uses closing stock price on February 5, 2021 with EPS for the year ended December 31, 2020 and TBV as of December 31, 2020. EGBN closing stock price was $45.17 on February 5, 2021 with LTM diluted EPS of $4.08 and TBVPS of $35.74. Key Ratios (as of or for the period ended) Peer Median 2015Y 2016Y 2017Y 2018Y 2019Y 2020Y 2020Y Profitability Net Interest Margin 4.33% 4.16% 4.15% 4.10% 3.77% 3.19% 3.31% Efficiency Ratio 42% 40% 38% 37% 40% 39% 57% Return on Average Assets 1.49% 1.52% 1.41% 1.91% 1.61% 1.28% 0.91% Return on Average Tangible Common Equity* 14.69% 14.19% 12.54% 16.63% 13.40% 12.03% 11.16% Asset Quality Allowance Loan Losses/Gross Loans 1.05% 1.04% 1.01% 1.00% 0.98% 1.41% 1.42% NPAs + 90 Days Past Due/Total Assets 0.31% 0.30% 0.20% 0.21% 0.56% 0.59% NA Net Charge-Offs to Average Loans (annualized) 0.17% 0.09% 0.06% 0.05% 0.13% 0.26% 0.07% Reserve/NPLs (Coverage Ratio) 398% 330% 489% 430% 151% 180% NA Capital Tier 1 Leverage Ratio 10.90% 10.72% 11.45% 12.10% 11.62% 10.31% 9.51% Tangible Common Equity/Tangible Assets* 10.56% 10.84% 11.61% 12.11% 12.22% 10.31% 9.09% Total Risk Based Capital Ratio 12.75% 14.89% 15.02% 16.08% 16.20% 17.04% 14.90% Valuation** Price/LTM Earnings 20.2x 21.3x 19.8x 11.0x 11.6x 11.1x 14.7x Price/Tangible Book Value 268% 282% 235% 167% 149% 126% 159% As of 2/5/2021

Historical Balance Sheet 32 $'s in thousands 2015Y 2016Y 2017Y 2018Y 2019Y 2020Y 5 Year Compound Growth Rate Assets Cash and Equivalents $298,363 $368,163 $190,473 $321,864 $241,973 $1,789,055 43.1% Securities Available for Sale 504,772 559,708 625,592 807,645 878,557 1,191,187 18.7% Total Cash and Securities 803,135 927,871 816,065 1,129,509 1,120,530 2,980,242 30.0% Gross Loans HFI 4,998,368 5,677,893 6,411,528 6,991,447 7,545,748 7,760,212 9.2% Loan Loss Reserves 52,687 59,074 64,758 69,944 73,658 109,579 15.8% Loans Held for Sale 47,492 51,629 25,096 19,254 56,707 88,205 13.2% Total Net Loans 4,993,173 5,670,448 6,371,866 6,940,757 7,528,797 7,738,838 9.2% Real Estate Owned 5,852 2,694 1,394 1,394 1,487 4,987 (3.1%) Total Intangibles 108,155 106,947 106,824 105,470 104,542 104,976 (0.6%) Total Servicing Rights 387 472 388 296 197 138 (18.6%) Other Assets 164,875 181,664 182,492 211,711 233,166 288,621 11.8% Total Assets $6,075,577 $6,890,096 $7,479,029 $8,389,137 $8,988,719 $11,117,802 12.8% Liabilities Deposits $5,158,444 $5,716,114 $5,853,984 $6,974,285 $7,224,391 $9,189,203 12.2% FHLB Borrowings 0 0 325,000 0 250,000 300,000 100.0% Repurchase Agreements 72,356 68,876 76,561 30,413 30,980 26,726 (18.1%) Subordinated Debt 68,928 216,514 216,905 217,296 217,687 268,077 31.2% Other Liabilities 37,248 45,793 56,141 58,202 74,980 92,904 20.1% Total Liabilities 5,336,976 6,047,297 6,528,591 7,280,196 7,798,038 9,876,910 13.1% Equity Common Equity 738,410 845,180 952,188 1,113,216 1,187,722 1,225,392 10.7% Net Unrealized Gain (Loss) 191 (2,381) (1,750) (4,275) 2,959 15,500 140.9% Total Stockholders Equity 738,601 842,799 950,438 1,108,941 1,190,681 1,240,892 10.9% Total Liabilities and Equity $6,075,577 $6,890,096 $7,479,029 $8,389,137 $8,988,719 $11,117,802 12.8%

Historical Income Statement 33 $ in thousands, except per share data 2015Y 2016Y 2017Y 2018Y 2019Y 2020Y 5 Year Compound Growth Rate Total Interest Income $253,180 $285,805 $324,034 $393,286 $429,630 $389,986 9.0% Total Interest Expense 19,238 27,641 40,147 76,293 105,585 68,424 28.9% Net Interest Income 233,942 258,164 283,887 316,993 324,045 321,562 6.6% Loan Loss Provision 14,638 11,331 8,971 8,660 13,091 45,571 25.5% Provision for Unfunded Commitments - - - - - 1,380 100.0% Service Charges on Deposits 5,397 5,821 6,364 7,014 6,247 4,416 (3.9%) Gain/Loss on Sale of Loans 11,973 11,563 9,276 5,963 8,474 22,089 13.0% Gain/Loss on Sale of Securities 2,254 1,194 542 97 1,517 1,815 (4.2%) Loss on early extinguishment of debt (1,130) - - - - - (100.0%) BOLI Revenue 1,589 1,554 1,466 1,507 1,703 2,071 5.4% Other Noninterest Income 6,545 7,152 11,725 8,005 7,758 15,305 18.5% Total Noninterest Income 26,628 27,284 29,373 22,586 25,699 45,696 11.4% Salaries and Employee Benefits 61,749 67,010 67,129 67,734 79,842 74,440 3.8% Premises and Equipment Expenses 16,026 15,118 15,632 15,660 14,387 15,715 (0.4%) Marketing and Advertising 2,748 3,495 4,095 4,566 4,826 4,278 9.3% Data Processing 7,533 7,747 8,220 9,714 9,412 10,702 7.3% Legal, Accounting and Professional Fees 3,729 3,673 5,053 9,742 12,195 16,406 34.5% FDIC Insurance 3,154 2,718 2,554 3,512 3,206 7,941 20.3% Other Noninterest Expenses 15,777 15,254 15,869 15,783 15,994 14,680 (1.4%) Total Noninterest Expense 110,716 115,015 118,552 126,711 139,862 144,162 5.4% Net Income Before taxes 135,216 159,102 185,736 204,208 196,791 176,145 5.4% Income taxes 51,049 61,395 85,504 51,932 53,848 43,928 (3.0%) Net Income 84,167 97,707 100,232 152,276 142,943 132,217 9.5% Preferred Dividends 601 - - - - - (100.0%) Net Income Available to Common $83,566 $97,707 100,232 $152,276 $142,943 $132,217 9.6% Earnings per Share - Diluted $2.50 $2.86 $2.92 $4.42 $4.18 $4.08

Loan Portfolio – Income Producing CRE 34 Note: Data as of December 31, 2020 $ in millions Office Family & Hotel/ Mixed Multi- & Office Res. % of Location Motel Industrial Use Family Condo Retail Condo Other Total Total District of Columbia $186.5 $15.6 $342.1 $233.7 $115.7 $74.7 $86.6 $109.7 $1,164.6 31.6% Suburban Washington Montgomery $44.4 $17.2 $157.4 $73.3 $303.6 $11.5 $10.0 $61.9 $679.3 18.4% Fairfax - 0.4 11.5 1.0 239.9 65.3 11.0 108.8 437.9 11.9% Prince George's 76.6 2.2 3.1 8.0 48.5 65.2 2.4 61.6 267.6 7.3% Loudoun - 16.8 - 41.0 36.7 7.0 2.2 60.2 163.9 4.4% Arlington 46.4 - - 0.2 37.6 - 4.5 - 88.7 2.4% Alexandria - - 9.6 - 54.7 17.9 0.8 1.0 84.0 2.3% Prince William 27.1 3.5 - - 5.9 10.5 1.4 30.5 78.9 2.1% Frederick - 2.1 2.6 - 5.9 39.8 1.5 10.6 62.5 1.7% Suburban Washington $194.5 $42.2 $184.2 $123.5 $732.8 $217.2 $33.8 $334.6 $1,862.8 50.5% Other Maryland Baltimore $15.2 $1.1 $85.6 $1.3 $7.2 $6.5 $1.9 $2.2 $121.0 3.3% Anne Arundel 9.7 23.0 29.4 48.3 1.9 8.4 - - 120.7 3.3% Eastern Shore 57.8 - - 3.2 1.8 0.5 8.1 1.7 73.1 2.0% Howard - 6.4 - - 2.2 9.5 3.5 17.7 39.3 1.1% Charles - - - - 6.3 0.6 - - 6.9 0.2% Other MD - - 0.1 1.3 - 1.3 - 0.1 2.8 0.1% Other Maryland $82.7 $30.5 $115.1 $54.1 $19.4 $26.8 $13.5 $21.7 $363.8 9.9% Other Virginia Fauquier - - - - $6.5 $3.9 - - $10.4 0.3% Other VA - 0.2 5.5 23.9 49.3 36.7 1.8 5.1 122.5 3.3% Other Virginia - $0.2 $5.5 $23.9 $55.8 $40.6 $1.8 $5.1 $132.9 3.6% Other USA 3.0 - 0.4 102.7 3.6 8.2 5.1 39.9 162.9 4.4% Total $466.7 $88.5 $647.3 $537.9 $927.3 $367.5 $140.8 $511.0 $3,687.0 100.0% % of Total 12.7% 2.4% 17.6% 14.6% 25.2% 10.0% 3.8% 13.9% 100.0%

Loan Portfolio – CRE Construction 35 Note: Data as of December 31, 2020 $ in millions Office Single & Multi- & Office Hotel/ Mixed Residential % of Location 1-4 Family Family Condo Motel Use Retail Condo Other Total Total District of Columbia $37.9 $223.1 $79.9 $0.0 $119.7 $2.5 $50.3 $14.7 $528.1 65.9% Suburban Washington Montgomery $16.9 $16.1 $22.4 $0.0 $0.0 $0.0 $0.3 $5.9 $61.6 7.7% Fairfax 31.9 0.7 - - 3.4 - - 10.6 46.6 5.8% Prince George's 3.6 - - 12.2 - - - 9.2 25.0 3.1% Loudoun - - - - 2.9 1.2 6.8 12.2 23.1 2.9% Arlington 1.6 - - - - - - - 1.6 0.2% Alexandria 1.6 4.6 - - - - 8.6 - 14.8 1.8% Prince William 1.0 - - - - - - 5.0 6.0 0.7% Frederick - - - - - - - - - 0.0% Suburban Washington $56.6 $21.4 $22.4 $12.2 $6.3 $1.2 $15.7 $42.9 $178.7 22.3% Other Maryland Baltimore $0.5 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $7.5 $8.0 1.0% Anne Arundel - - - - 24.5 - - - 24.5 3.1% Eastern Shore 0.1 - - - - - - 0.1 0.2 0.0% Howard - - - - - - - - - 0.0% Charles - - - - - - - - - 0.0% Other MD - - - - 2.2 - - - 2.2 0.3% Other Maryland $0.6 $0.0 $0.0 $0.0 $26.7 $0.0 $0.0 $7.6 $34.9 4.4% Other Virginia Fauquier - - - - - - - 0.0% Other VA 15.1 - - - - - - - 15.1 1.9% Other Virginia $15.1 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $15.1 1.9% Other USA 0.7 - - 30.7 - - 0.2 12.8 44.4 5.5% Total $110.9 $244.5 $102.3 $42.9 $152.7 $3.7 $66.2 $78.0 $801.2 100.0% % of Total 13.8% 30.5% 12.8% 5.4% 19.1% 0.5% 8.3% 9.7% 100.0% Renovation $27.4 $56.9 $55.4 $0.0 $13.6 $0.0 $5.9 $15.3 $174.5 Ground-Up 83.5 187.6 46.9 42.9 139.1 3.7 60.3 62.7 626.7

36 Non-GAAP Reconciliation (unaudited) Note: Per share data is adjusted for - 5:4 stock split 3/31/2000, 7:5 stock split 6/15/2001, 1.3:1 stock split 2/28/2005; 1.3:1 stock split 7/5/2006; 10% stock dividend 10/1/2008 and 10% stock dividend 6/14/2013. $ in thousands, except per share data 2000Y 2010Y 2015Y 2016Y 2017Y 2018Y 2019Y 2020Y Common shareholders' equity $15,522 $182,134 $738,601 $842,799 $950,438 $1,108,941 $1,190,681 1,240,891$ Less: Intangible assets - (4,035) (108,542) (107,419) (107,212) (105,766) (104,739) (105,114) Tangible common equity $15,522 $178,099 $630,059 $735,380 $843,226 $1,003,175 $1,085,942 1,135,777$ Per common share: Book value $2.63 $8.41 $22.07 $24.77 $27.80 $32.25 $35.82 39.05$ Less: Intangible book value - (0.20) (3.24) (3.16) (3.13) (3.08) (3.15) (3.31) Tangible book value $2.63 $8.21 $18.83 $21.61 $24.67 $29.17 $32.67 35.74$ Total assets $6,076,649 $6,890,097 $7,479,029 $8,389,137 $8,988,719 11,117,802$ Less: Intangible assets (108,542) (107,419) (107,212) (105,766) (104,739) (105,114) Tangible assets $5,968,107 $6,782,678 $7,371,817 $8,283,371 $8,883,980 11,012,688$ Tangible common equity ratio 10.56% 10.84% 11.44% 12.11% 12.22% 10.31% Average: Common shareholders' equity $678,387 $796,400 $906,169 $1,022,642 $1,172,051 $1,204,341 Less: Intangible assets (109,478) (107,981) (107,117) (106,806) (105,167) (104,903) Tangible common equity $568,910 $688,420 $799,052 $915,836 $1,066,884 $1,099,438 Net Income $83,566 $97,707 $100,232 $152,276 $142,943 $132,217 Average tangible common equity $568,910 $688,420 $799,052 $915,836 $1,066,884 $1,099,438 Return on Avg. Tangible Common Equity 14.69% 14.19% 12.54% 16.63% 13.40% 12.03% For the year

37 Non-GAAP Reconciliation (unaudited) Note: Tangible common equity to tangible assets (the "tangible common equity ratio"), tangible book value per common share, annualized return on average tangible common equity, and pre-provision net revenue to average assets (“PPNR/AA”) are non-GAAP financial measures derived from GAAP based amounts. The Company calculates the tangible common equity ratio by excluding the balance of intangible assets from common shareholders' equity and dividing by tangible assets. The Company calculates tangible book value per common share by dividing tangible common equity by common shares outstanding, as compared to book value per common share, which the Company calculates by dividing common shareholders' equity by common shares outstanding. The Company calculates the annualized return on average tangible common equity ratio by dividing net income available to common shareholders by average tangible common equity which is calculated by excluding the average balance of intangible assets from the average common shareholders’ equity. The Company calculates PPNR/AA by dividing pre-provision net revenue (which is calculated as the sum of net interest income and non interest income, less non interest expense) by average assets. The Company considers these calculations to provide important information to shareholders, management and other interested parties as: tangible equity is a measure that is consistent with the calculation of capital for bank regulatory purposes, which excludes intangible assets from the calculation of risk based ratios and as such is useful to evaluate capital adequacy and to compare against other financial institutions; tangible book value and annualized return on tangible common equity are useful in comparing pricing multiples based on tangible book value and to compare against other financial institutions; and PPNR/AA provides an analysis of the Company on an operating basis, absent provisions to the allowance for credit losses which can fluctuate significantly from period-to- period under the recently adopted CECL methodology. $ in thousands 2015Y 2016Y 2017Y 2018Y 2019Y 2020Q1 2020Q2 2020Q3 2020Q4 Income statement Net interest income $233,942 $258,165 $283,887 $316,993 $324,045 $79,744 $81,363 $79,038 $81,418 Non-interest income 26,628 27,284 29,372 22,586 25,699 5,470 12,495 17,844 9,887 Non-interest expense (110,716) (115,016) (118,552) (126,711) (139,862) (37,347) (34,892) (36,915) (35,009) Pre-provision net revenue ("PPNR") $149,854 $170,433 $194,707 $212,868 $209,882 $47,867 $58,966 $59,967 $56,296 Average assets $5,630,567 $6,436,774 $7,089,211 $7,958,941 $8,853,066 $9,447,663 $10,326,709 $10,473,595 $11,141,826 PPNR to Average assets 2.66% 2.65% 2.75% 2.67% 2.37% 2.03% 2.28% 2.29% 2.02% For the QuarterFor the Year