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12Q 2026 Financial ResultsJuly 30, 2026
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Forward Looking StatementsCertain statements contained in this presentation that are not historical facts may constitute forward-lookingstatements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of theSecurities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor provisions of thePrivate Securities Litigation Reform Act of 1995. The Company may also make forward-looking statements in otherdocuments it files with the Securities and Exchange Commission ("SEC"), in our annual reports to shareholders, inpress releases and other written materials, and in oral statements made by our officers, directors or employees. Youcan identify forward looking statements by the use of the words “believe,” “expect,” “anticipate,” “intend,” “estimate,”“assume,” “outlook,” “will,” “should,” and other expressions that predict or indicate future events and trends andwhich do not relate to historical matters, including statements regarding the Company’s business, credit quality,financial condition, liquidity and results of operations. Forward-looking statements may differ, possibly materially,from what is included in this press release due to factors and future developments that are uncertain and beyondthe scope of the Company’s control. These include, but are not limited to, changes in interest rates; generaleconomic conditions (including the impact of ongoing armed conflicts, tariffs, inflation, and concerns about liquidity)on a national basis or in the local markets in which the Company operates; turbulence in the capital and debtmarkets; competitive pressures from other financial institutions; changes in consumer behavior due to changingpolitical, business and economic conditions, or legislative or regulatory initiatives; changes in the value of securitiesand other assets in the Company’s investment portfolio; increases in loan and lease default and charge-off rates;the adequacy of allowances for loan and lease losses; decreases in deposit levels that necessitate increases inborrowing to fund loans and investments; operational risks including, but not limited to, cybersecurity incidents,fraud, natural disasters, and future pandemics; changes in regulation; the possibility that future credit losses may behigher than currently expected due to changes in economic assumptions and adverse economic developments; therisk that goodwill and intangibles recorded in the Company’s financial statements will become impaired; andchanges in assumptions used in making such forward-looking statements.Forward-looking statements involve risks and uncertainties which are difficult to predict. The Company’s actualresults could differ materially from those projected in the forward-looking statements as a result of, among others,the risks outlined in the Company’s Annual Report on Form 10-K, as updated by its Quarterly Reports on Form 10-Q and other filings submitted to the SEC. The Company does not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date the forward-looking statements aremade.Non-GAAPIn addition to financial measures presented in accordance with U.S. generally accepted accounting principles(“GAAP”), this presentation contains certain non-GAAP financial measures, including, without limitation, operatingearnings, and the ratios of tangible common equity to tangible assets. The presentation of non-GAAP financialinformation is not intended to be considered in isolation or as a substitute for any measure prepared in accordancewith GAAP.Please see the Earnings Release for certain Non-GAAP reconciliations.2
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3 $0.77Quarterly GAAP EPS$0.3225Quarterly Dividend Per ShareHighlights Total assets of $22.3 billion. Total loans of $17.8 billion. Total deposits of $18.5 billion. Margin of 3.81%. Noninterest income up 9% quarter over quarter. No merger expense incurred during the quarter, as expected. ROA of 1.17% and ROTE of 12.84%. Core efficiency ratio of 54.26%. Fortress Balance Sheet / Asset Quality Loans to Deposits of 96%. NPAs to total assets of 0.70%. Reserve to Loans coverage of 1.34%. Total Risk Based Capital of 13.6% and Tangible Common Equity (TCE) of 9.3%. $0.77Quarterly Operating EPS
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Summary Income StatementNet Income of $64.4 million or $0.77 per share.Net interest income increased $2.4 million from prior quarter reflecting higher margin and one additional day in Q2.Noninterest income increased $2.0 million from prior quarter primarily driven by increases of $1.2 million in gain on loan sales and $0.6 million in loan level derivative income.Total operating expense decreased $0.5 million. 4 $m, except per share amts2Q26 1Q26 Δ %Δ 2Q25 Δ %ΔNet interest income 193.2$ 190.8$ 2.4$ 1% 88.7$ 104.5$ 118%Noninterest income 26.0 23.9 2.0 9% 6.0 20.0 333% Total Revenue 219.2 214.7 4.5 2% 94.7 124.5 131%Noninterest expense 118.9 119.5 (0.5) 0% 56.3 62.6 111%Amortization of intangibles 8.3 8.3 - 0% 1.4 6.9 495%Restructuring/Merger exp. - 13.0 (13.0) -100% 0.4 (0.4) -100% Pretax, Preprov. Net Rev.91.9 73.9 18.0 24% 36.6 55.3 151%Provision for credit losses 4.9 7.9 (3.0) -38% 7.0 (2.1) -30% Pretax income 87.0 66.0 21.1 32% 29.6 57.4 194%Provision for taxes 22.6 19.7 2.9 14% 7.6 15.0 197% Net Income 64.4$ 46.2$ 18.2$ 39% 22.0$ 42.4$ 193% EPS 0.77$ 0.55$ 0.22$ 40%0.25$ 0.52$ 208% Avg diluted shares (000s) 83,939 83,903 36 0% 89,613 (5,674) -6%Return on Assets 1.17% 0.84% 0.33% 0.79% 0.38%Return on Tangible Equity 12.84% 9.30% 3.53% 8.85% 3.99%Net Interest Margin 3.81% 3.78% 0.03% 3.32% 0.49%Core Efficiency Ratio 54.26% 55.64% -1.38% 59.36% -5.10% Linked Quarter (LQ) Year over Year (YoY)
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Margin – Yields and Costs 5 2Q26 Prior Quarter LQΔ Purchase Accounting*$ millionsAvg Bal Interest Yield Avg Bal Interest Yield Avg Bal Interest Yield Interest YieldLoans 17,807$ 266.6$ 5.99% 17,975$ 267.9$ 5.96% (168)$ (1.3)$ 0.03% 8.3$ 0.19%Investments & earning cash 2,707 28.7 4.24% 2,648 26.1 3.94% 59 2.6 0.30% 4.8 0.71% Interest Earning Assets 20,514$ 295.2$ 5.76% 20,623$ 294.0$ 5.70% (109)$ 1.3$ 0.06% 13.1$ 0.26%Interest bearing deposits14,342 89.0$ 2.49%14,681 93.1$ 2.57% (339)$ (4.1)$ -0.08% 0.6$ 0.02%Borrowings 997 11.5 4.55% 702 8.6 4.87% 295 2.9 -0.32% 0.3 0.12% Interest Bearing Liabilities 15,339$ 100.4$ 2.63% 15,383$ 101.6$ 2.68% (44)$ (1.1)$ -0.05% 0.9$ 0.02%Net interest spread 3.13% 3.02% 0.11% 0.23% Net interest income, TEB / Margin 194.8$ 3.81%192.4$ 3.78%2.4$ 0.03%12.2$ 0.24%LESS: Tax Equivalent Basis (TEB) Adj. 1.6 1.6 - - Net Interest Income 193.2$ 190.8$ 2.4$ 12.2$ * quarterly accretion / amortization of interest rate marks. Rate Environment 6/30/2025 9/30/2025 12/31/2025 3/31/20266/30/2026LQ Chg YoY ChgFed Funds (upper) 4.50% 4.25% 3.75% 3.75%3.75%0.00% -0.75%SOFR 4.45% 4.24% 3.87% 3.68%3.68%0.00% -0.77%2Y Treasury 3.72% 3.60% 3.47% 3.79%4.14%0.35% 0.42%5Y Treasury 3.79% 3.74% 3.73% 3.92%4.19%0.27% 0.40%10Y Treasury 4.24% 4.16% 4.18% 4.30%4.44%0.14% 0.20%
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Summary Balance SheetOn the balance sheet, total assets increased $23 million to $22.3 billion, driven by higher total deposits impacting cash equivalents. Loans declined $102 million, or 0.6%, reflecting CRE and Equipment Financing runoff.Deposits increased 1.1%, driven primarily by higher customer deposits across DDA, NOW and Money Market as well as an increase in Brokered.6 $m, except per share amts2Q26 1Q26 Δ 2Q25 Δ %ΔGross Loans, investment 17,822$ 17,924$ (102)$ 9,582$ 8,240$ 86%Allowance for loan losses (238) (244) 6 (127) (111) 88% Net Loans 17,584 17,680 (96) 9,455 8,129 86%Securities 1,761 1,719 43 867 894 103%Cash & equivalents 1,216 1,113 103 507 709 140%Intangibles 530 537 (6) 256 274 107%Other assets & Loans, HFS 1,159 1,180 (21) 484 675 140% Total Assets 22,251$ 22,228$ 23$ 11,569$ 10,682$ 92%Deposits 18,486$ 18,292$ 194$ 8,961$ 9,525$ 106%Borrowings 889 1,073 (184) 1,155 (266) -23%Reserve for unfunded loans 13 17 (3) 5 8 169%Other Liabilities 323 341 (18) 194 129 67% Total Liabilities 19,711 19,723 (12) 10,315 9,396 91%Stockholders' Equity 2,540 2,505 35 1,254 1,286 103% Total Liabilities & Equity 22,251$ 22,228$ 23$ 11,569$ 10,682$ 92% TBV per share 23.98$ 23.48$ 0.50$ 11.20$ 12.78$ 114% Actual shares outstanding (000) 83,816 83,816 - 89,105 (5,289) -6%Tang. Equity / Tang. Assets 9.25% 9.07% 0.18% 8.82% 0.43%Loans / Deposits 96.41% 97.99% -1.58% 106.93% -10.52%ALLL / Gross Loans 1.34% 1.36% -0.03% 1.32% 0.02% Linked Quarter (LQ) Year over Year (YoY)
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Loans and Deposits 7 55%17%6%22%LoansCREC&IEquipmentConsumer21%9%16%24%22%7%1%DepositsDDANOWSavingsMMCDsPayrollBrokered $ millions2Q26 1Q26 ΔCRE 9,884$ 9,957$ (73)$ Commercial 2,950 2,938 12 Equipment Finance 1,031 1,074 (43) Consumer 3,956 3,955 1 Total Loans 17,822$ 17,924$ (102)$ Demand deposits 3,911$ 3,861$ 50$ NOW 1,570 1,521 49 Savings 3,035 3,089 (54) Money market 4,462 4,393 69 CDs 4,065 4,086 (21) Payroll deposits 1,212 1,214 (2) Brokered deposits 231 129 102 Total Deposits 18,486$ 18,292$ 194$ Customer deposits* 17,042$ 16,949$ 94$ *Excludes Payroll and Brokered deposits Linked Quarter (LQ)LOANSDEPOSITS
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8 Capital Strengthpreliminary estimates*$ millionsJun-26Minimum"Well Capitalized"Policy MinimumsOperating TargetsRegulatory Capital Buffer %Regulatory Capital Buffer $Tier 1 Common / RWA11.6%≥ 4.5%≥ 6.5%≥ 7.5%≥ 8.0%5.1% 917.4$ Tier 1 / RWA11.7%≥ 6.0%≥ 8.0%≥ 9.0%≥ 9.5%3.7% 676.4$ Total Risk Based Capital13.6%≥ 8.0%≥ 10.0%≥ 11.0%≥ 11.5%3.6% 654.2$ Leverage Ratio9.8%≥ 5.0%≥ 5.0%≥ 6.0%≥ 6.5%4.8% 1,040.9$ * Regulatory capital ratios are preliminary estimates and may differ from numbers calculated in final Regulatory filings.Requirements Policy Limits"Well Capitalized"Regulatory BASEL III Beacon BoardCapital in Excess of $0.3225Quarterly Dividend Per Share42% payout based on 2Q’26 EPS4.2%Current Dividend Yield**** Based on annual dividend of $1.29 and stock price of $30.45 (close 06/30/26)317%ICRE / Total RBC The Board of Directors announced a dividend of $0.3225 per share payable August 28, 2026 to stockholders of record on August 14, 2026. 24%Construction / Total RBC
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Outlook 9 Our current Base Case does not anticipate changes to the Fed Fund Target Rate for the remainder of 2026.The regional economy continues to perform well however, the conflict in Iran continues to create greater uncertainty, elevated volatility, and higher longer-term interest rates which are impacting investment activity.FORWARD LOOKINGExpect loan growth to be in the low single digits for the remainder of the year driven by strong C&I lending. Dependent on economic activity.LoansThe net interest margin is expected in the range of 3.80%-3.85%. Accretion from purchase accounting will be in the range of $12 million per quarter and will fluctuate due to prepayment activity. MarginCredit costs are expected in the range of $5-9 million per qtr.CreditModest fee income growth in the mid-single digits is anticipated.FeesNo further merger charges are anticipated. Targeted cost synergies announced in December 2024 have been executed on and realized. ExpensesThe effective tax rate is currently estimated in the range of 26% for the remainder of 2026.Taxes
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APPENDIX 10 NYSE: BBT
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Non Performing Assets and Net Charge OffsThe $14.3 million in net charge-offs were primarily driven by a Boston office loan, a large industrial laundry loan at Eastern Funding, and two rent controlled multi-family properties. These charge-offs were largely specifically reserved for in prior periods. 11 Linked Quarter (LQ) Year over Year (YoY)2Q26 1Q26 Δ 2Q25 ΔNon Performing Assets (NPAs), in millionsCRE 77.1$ 78.1$ (1.0)$ 2.4$ 74.7$ C&I 66.4 61.3 5.1 54.8 11.6 Consumer 9.2 9.2 - 5.1 4.1 Total Non Performing Loans (NPLs) 152.7 148.6 4.1 62.3 90.4 Other real estate owned 0.1 - 0.1 0.7 (0.6) Other repossessed assets2.4 2.6 (0.2) 0.6 1.8 Total NPAs 155.2$ 151.2$ 4.0$ 63.6$ 91.6$ NPLs / Total Loans0.86% 0.83% 0.03% 0.65% 0.21%NPAs / Total Assets0.70% 0.68% 0.02% 0.55% 0.15%Net Charge Offs (NCOs), in millionsCRE loans 7.4$ 7.0$ 0.4$ 3.5$ 3.9$ C&I loans 6.9 6.6 0.3 1.6 5.3 Consumer loans - (0.1) 0.1 - - Total Net Charge Offs 14.3$ 13.5$ 0.8$ 5.1$ 9.2$ NCOs / Avg. Loans (annualized) 0.32% 0.30% 0.02% 0.21% 0.11%Amounts as presented may differ slightly from the Company’s Earnings Release due to rounding to foot schedules presented.
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$7,798$3,784$2,284$3,95644% 21% 13% 22%Perm ConstrTotal% NaicsTotal% VerticalTotal% Call CodeTotal%Multifamily 2,240$ 160$ 2,400$ 31% RE Agent / Broker600$ 16% ABL788$ 35% Resi 1st Mtg3,138$ 79%Retail 1,321 3 1,324 17% Food & Lodging552 15% EF Core924 40% Resi Jr Mtg26 1%Industrial 1,062 22 1,084 14% Health and Social418 11% 44BC287 13% Resi Heloc659 17%Office 1,035 30 1,065 14% Professional406 11%Firestone12 1% Consumer133 3%Hospitality 520 1 521 7% Manufacturing386 10%EF Vehicle145 6%Total 3,956$ 100%Healthcare 435 20 455 6% Retail324 9%EF Macrolease128 5%Lab 182 17 199 2% Finance and Ins305 8%Total 2,284$ 100%Restaurant 136 - 136 1% Arts, Entertainment217 6%Other 501 113 614 8% Wholesale Trade213 5% Total7,432$ 366$ 7,798$ 100% Other Services202 5%Construction134 3%Trans / Warehouse27 1%Total 3,784$ 100%Total Loans Outstanding: $17,822 Investment CRE Commercial Core Specialty Lending RetailOwner Occupied CRE included in Commercial and Equipment FinanceBalances shown are loan book balances, net of acquisition marks. 2Q26 EF Vehicle, EF Macrolease, and Firestone have discontinued new originations. Major Loan Segments with Industry Breakdown 12
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Non-Owner Occupied CRE and Multifamily Exposures at June 30, 2026 39%51%7%3%2Q26Investment CRE Loan to Value (LTV) 13
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10%16% Investment CRE by Maturity 14%Non-Owner Occupied CRE and Multifamily Exposures at June 30, 202611%49%2Q26 14
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●Office CRE portfolio totals ~$1.2B or 6.6% of Total Loans.●Continue to manage the risk of the portfolio with NPLs of ~3.7% and NCOs of ~$3.7MM in 2Q26, which was fully reserved.●No meaningful exposure to any major metropolitan areas other than Boston, which represents ~17% of the portfolio, roughly half of which would be considered CBD (Commercial Business District) or CBD adjacent.●Majority of portfolio (~54%) is Class B Office space.●Weighted Average Loan-to-Value is ~55%.●Weighted Average Debt Service Coverage is ~1.5x.●Top 20 loans are ~38% of the total CRE Office portfolioOffice Portfolio & Asset QualityOffice Portfolio MetricsSuburban, 63%Urban, 29%Rural, 8%2026, 21%2027, 12%2028, 13%2029 & After, 54%MaturitySchedule~98% of portfolio is within footprint and 63% is SuburbanMajority of portfolio (~67%) matures after 2027 2Q26 15 Office Portfolio, includes Construction 2Q26 1Q26($ in millions)$ % $ %CRE Office: Construction 30.4$ 3% 43.0$ 4%CRE Office: Owner Occupied 103.4$ 9% 108.3$ 9%CRE Office: Non-Owner Occupied 1,035.0$ 88% 1,006.1$ 87%Total CRE Office 1,168.8$ 100% 1,157.5$ 100%2Q26 Portfolio Criticized Non-Accrual($ in millions)$ Avg Size $ $Class A 458.0$ 6.8$ 71.4$ 4.9$ Class B 626.2$ 1.7$ 125.8$ 36.9$ Class C 84.6$ 2.2$ 1.0$ 0.9$ 1,168.8$ 2.5$ 198.3$ 42.7$
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●$2.9B of the $7.3B portfolio will mature or reprice within 24 months.●Well balanced maturity / repricing profile and rate type profile.●3Q 2026 maturities or reprices represents $411MM of maturities, and $80MM in repricing; of which ~4% are Criticized due to one Office credit. The allowance for this loan is based upon current market valuations. Rate TypeFixed, 32%Fixed via Swap, 26%Floating, 21%Fixed to Floating, 21%2026, 9%2027, 17%2028, 20%2029 & After, 54%Maturity / Repricing 16 Investment CRE Maturity and Repricingexcludes Construction2Q26
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Securities PortfolioUST20%Agency11%Corp1%MBS18%CMO37%Municipals13%$ in millionsCurrent ParBook ValueFair ValueUnreal. G/LBook YieldDurationU.S. Treasuries 375$ 374$ 359$ (15)$ 2.75% 2.3 Agency Debentures 196 199 186 (13) 2.67% 2.9 Corp Bonds 26 25 25 1 6.69% 0.8 Agency MBS 356 323 310 (12) 3.83% 5.3 Agency CMO 750 667 653 (14) 4.37% 5.3 Municipals/Other 245 221 228 7 5.41% 6.2 Total 1,948$ 1,809$ 1,761$ (47)$ 3.91% 4.5 2Q26Highly liquid, risk averse securities portfolio with prudent duration and minimal extension risk. The entire investment portfolio is classified as Available for Sale.The after tax, mark to market on the portfolio is included in Accumulated Other Comprehensive Income in Stockholders’ Equity. 17
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Interest Rate RiskFloat (<3m)74%Adj.13%Fixed13%Loan Originations, $850 million, 6.31% couponTotal Loan Portfolio Mix – Duration 1.5 0.14%-0.13%-0.42%-0.79%0.89%1.08%1.29%1.37%0.10%0.62%1.12%1.59%Cumulative Net Interest Income Change by Quarter6/30/2026 Flat Balance Sheet, simulations reflect a product weighted beta of ~60% on total interest bearing deposits. Excludes impact of purchase accounting. -100bps RampForward-Implied Rates+200bps RampFloat (<3m)41%Adj.24%Fixed35%3Q264Q26 1Q272Q26Amounts as presented may differ slightly from the Company’s Earnings Release due to rounding to foot schedules presented. 2Q26 Accretion related to loan purchase accounting is held constant in each scenario. The impact of changes in loan prepayments on accretion is not reflected at this time.18
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Wealth Management 19$ thousands2Q26 1Q26 Δ %ΔAsset based revenue 4,177$ 4,061$ 116$ 3%Other revenue:Insurance commission revenue 416 344 72 21%Total reported revenue 4,593$ 4,405$ 188 4%Linked Quarter (LQ)$3,352 $3,347 $3,338 $3,413 3Q 2025 4Q 2025 1Q 2026 2Q 2026$ in MillionsAssets Under Management
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20 NYSE: BBT