Slides
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Q3 Earnings Presentation October 22, 2026
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DO NOT REFRESH Color PaletteComplementary 000 / 000 / 051 Body text 074 / 075 / 076 030 / 152 / 213 185 / 197 / 212 023 / 061 / 110 119 / 139 / 154 255 / 107 / 000109 / 110 / 112 237 / 237 / 238 000 / 139 / 151 137 / 139 / 141 197 / 064 / 044 166 / 168 / 171 103 / 086 / 164 208 / 210 / 211 238 / 184 / 028 2 Q3 2026 highlights Key Metrics Highlights $0.15 per share Dividend declared $306.6 million Total revenue $111.0 million Net income & operating net income* $0.51 Diluted EPS & operating EPS* $18.56 $12.96 BV/Share TBV/Share* 3.62% 1.56% NIM (FTE)* Total deposit cost 0.36% 0.09% NPLs / total loans NCOs / avg. loans *Non-GAAP Financial Measure. Results reflect Company's enhanced earnings power • Record operating net income increased 4% linked quarter and 50% from a year ago • Return on average tangible common equity of 15.7% and return on average assets of 1.41% • Positive operating leverage, driven by growth in net interest income and lower expenses, resulting in an operating efficiency ratio of 47.5% Solid organic growth across banking and fee businesses • Period-end loans grew 1.1% linked quarter, driven by solid CRE and C&I lending results • Deposits ended the quarter up 0.4%, despite seasonal municipal outflows; average deposits increased 2.6% from the second quarter • Wealth assets under administration increased to $11.6 billion, including $10.8 billion of assets under management, and benefited from positive net flows and market appreciation Excellent asset quality • Non-performing loans decreased $24.6 million to $84.8 million, or 0.36% of total loans, a third consecutive quarterly reduction following the HarborOne merger • Net charge-offs to average total loans of 0.09%, down from 0.17% linked-quarter • Robust reserves: allowance for loan losses of $327.2 million, or 1.39% of total loans Significant capital return • Returned $89.1 million of capital to shareholders, including $56.7 million in share repurchases
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DO NOT REFRESH Color PaletteComplementary 000 / 000 / 051 Body text 074 / 075 / 076 030 / 152 / 213 185 / 197 / 212 023 / 061 / 110 119 / 139 / 154 255 / 107 / 000109 / 110 / 112 237 / 237 / 238 000 / 139 / 151 137 / 139 / 141 197 / 064 / 044 166 / 168 / 171 103 / 086 / 164 208 / 210 / 211 238 / 184 / 028 3 $ in millions, except per share amounts Q3 2026 Q2 2026 Q1 2026 Q4 2025 Q3 2025 Net interest income $ 257.9 $ 251.9 $ 244.7 $ 237.4 $ 200.2 Noninterest income 48.7 57.6 43.6 46.1 41.3 Total revenue 306.6 309.5 288.3 283.5 241.5 Noninterest expense 159.7 167.9 198.6 189.4 140.4 Pre-tax, pre-provision income 146.9 141.6 89.6 94.1 101.1 Provision for allowance for loan losses 6.8 6.8 5.8 4.9 7.1 Pre-tax income 140.1 134.8 83.8 89.2 94.0 Income tax expense (benefit) 29.1 29.6 18.5 (10.3) (12.1) Net income $ 111.0 $ 105.2 $ 65.3 $ 99.5 $ 106.1 Operating net income* $ 111.0 $ 106.5 $ 88.6 $ 94.7 $ 74.1 EPS $ 0.51 $ 0.48 $ 0.29 $ 0.46 $ 0.53 Operating EPS* $ 0.51 $ 0.49 $ 0.40 $ 0.44 $ 0.37 ROAA 1.41 % 1.37 % 0.86 % 1.36 % 1.66 % Operating ROAA* 1.41 % 1.38 % 1.17 % 1.30 % 1.16 % ROATCE*1 15.7 % 15.2 % 9.8 % 14.4 % 16.4 % Operating ROATCE*1 15.7 % 15.3 % 12.8 % 13.8 % 11.7 % Efficiency ratio 52.1 % 54.3 % 68.9 % 66.8 % 58.2 % Operating efficiency ratio*1 47.5 % 49.0 % 52.8 % 50.1 % 52.8 % *Non-GAAP Financial Measure. 1Excludes amortization of intangible assets, in addition to non-GAAP adjustments made to operating net income. Income statement • Net interest income increased linked quarter due to balance sheet growth, and included net discount accretion of $19.0 million, compared to $19.7 million in Q2 2026 • Noninterest income decreased from strong Q2 2026 results, primarily due to lower income from investments for employee retirement benefits • Noninterest expense did not include any non-operating costs, compared to $1.6 million in Q2 2026 • Provision for allowance for loan losses was consistent with Q2 2026
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DO NOT REFRESH Color PaletteComplementary 000 / 000 / 051 Body text 074 / 075 / 076 030 / 152 / 213 185 / 197 / 212 023 / 061 / 110 119 / 139 / 154 255 / 107 / 000109 / 110 / 112 237 / 237 / 238 000 / 139 / 151 137 / 139 / 141 197 / 064 / 044 166 / 168 / 171 103 / 086 / 164 208 / 210 / 211 238 / 184 / 028 4 Financial metrics 52.8% 50.1% 52.8% 49.0% 47.5% Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 $0.37 $0.44 $0.40 $0.49 $0.51 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 1.16% 1.30% 1.17% 1.38% 1.41% Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Operating efficiency ratio1 Operating ROAA 11.7% 13.8% 12.8% 15.3% 15.7% Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Operating EPS Operating ROATCE1 1Excludes amortization of intangible assets, in addition to non-GAAP adjustments made to operating net income.
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DO NOT REFRESH Color PaletteComplementary 000 / 000 / 051 Body text 074 / 075 / 076 030 / 152 / 213 185 / 197 / 212 023 / 061 / 110 119 / 139 / 154 255 / 107 / 000109 / 110 / 112 237 / 237 / 238 000 / 139 / 151 137 / 139 / 141 197 / 064 / 044 166 / 168 / 171 103 / 086 / 164 208 / 210 / 211 238 / 184 / 028 5 $ in millions. *Non-GAAP Financial Measure. 1Presented on a fully tax equivalent basis. Net interest margin QoQ changes in FTE net interest income* Q3 2026 Q2 2026 Change Avg. Balance Cost Avg. Balance Cost Avg. Balance Cost Savings $ 2,125 0.47 % $ 2,124 0.39 % $ 1 0.08 % Interest checking 4,947 1.06 % 4,677 0.86 % 270 0.20 % Money market 8,259 2.33 % 8,039 2.24 % 220 0.09 % Time deposits 4,303 3.55 % 4,185 3.46 % 118 0.09 % Total I.B. deposits 19,634 2.08 % 19,025 1.96 % 609 0.12 % Borrowings 351 2.99 % 535 3.70 % (184) (0.71) % Total I.B. liab. 19,984 2.09 % 19,560 2.01 % 424 0.08 % DDA 6,493 6,435 58 Total deposits 26,127 1.56 % 25,461 1.47 % 666 0.09 % Funding sources Q3 2026 Q2 2026 Change Avg. Balance Yield1 Avg. Balance Yield1 Avg. Balance Yield1 Commercial loans $ 16,157 5.52 % $ 15,856 5.48 % $ 301 0.04 % Residential loans 5,203 4.84 % 5,189 4.93 % 14 (0.09) % Consumer loans 2,064 6.55 % 2,011 6.58 % 53 (0.03) % Total loans 23,423 5.46 % 23,057 5.45 % 366 0.01 % Securities 5,213 3.35 % 5,043 3.25 % 170 0.10 % Cash 202 4.06 % 200 3.55 % 2 0.51 % Total I.E. assets 28,839 5.07 % 28,300 5.05 % 539 0.02 % Earning assets $205.4 $243.4 $250.8 $258.2 $263.0 3.47% 3.61% 3.63% 3.66% 3.62% NII - FTE NIM - FTE Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 FTE net interest income and margin trend $258.2 $8.9 $3.4 $(9.8) $2.3 $263.0 3.66% 3.62% Q2 2026 Loans Inv. & cashDepositsBorrowingsQ3 2026
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DO NOT REFRESH Color PaletteComplementary 000 / 000 / 051 Body text 074 / 075 / 076 030 / 152 / 213 185 / 197 / 212 023 / 061 / 110 119 / 139 / 154 255 / 107 / 000109 / 110 / 112 237 / 237 / 238 000 / 139 / 151 137 / 139 / 141 197 / 064 / 044 166 / 168 / 171 103 / 086 / 164 208 / 210 / 211 238 / 184 / 028 6 Interest-earning assets repricing Loans (Amortized cost basis, gross of cash flow hedges) Floating Variable Fixed Within 3 months Months 4-6 Months 7-9 Months 10-12 Years 2-3 Years 4-5 Years 6-10 Beyond 10 Years Total Commercial $ 7,112 $ 2,574 $ 6,586 $ 7,741 $ 560 $ 582 $ 514 $ 2,682 $ 2,452 $ 1,514 $ 226 $ 16,272 Residential — 1,576 3,626 161 143 179 181 1,165 942 1,630 801 5,202 Consumer 1,730 — 361 1,786 16 16 15 105 78 65 10 2,091 Total loans $ 8,842 $ 4,150 $ 10,573 $ 9,688 $ 719 $ 776 $ 710 $ 3,952 $ 3,473 $ 3,210 $ 1,037 $ 23,565 % of loans 38% 18% 45% 41% 3% 3% 3% 17% 15% 14% 4% Projected yield1 Commercial 5.88 % 5.18 % 5.10 % 5.21 % 5.31 % 5.19 % 4.22 % 4.43 % 5.43 % Residential 4.99 % 4.95 % 4.87 % 5.00 % 4.43 % 4.87 % 4.70 % 4.46 % 4.67 % Consumer 6.53 % 7.91 % 7.94 % 7.94 % 7.06 % 6.57 % 5.83 % 5.07 % 6.56 % Total loans 5.99 % 5.20 % 5.10 % 5.21 % 5.10 % 5.13 % 4.50 % 4.46 % 5.37 % Securities (Amortized cost basis) Floating Variable Fixed Within 3 months Months 4-6 Months 7-9 Months 10-12 Years 2-3 Years 4-5 Years 6-10 Beyond 10 Years Total AFS — — $ 4,438 $ 142 $ 108 $ 147 $ 93 $ 878 $ 1,077 $ 1,339 $ 654 $ 4,438 HTM — — 840 12 6 6 6 163 96 143 408 840 Total Securities — — $ 5,278 $ 154 $ 115 $ 153 $ 100 $ 1,040 $ 1,173 $ 1,482 $ 1,061 $ 5,278 % of securities 3% 2% 3% 2% 20% 22% 28% 20% Projected yield1 3.20 % 3.15 % 3.60 % 3.10 % 3.05 % 3.75 % 3.20 % 3.15 % 3.29 % $ in millions. As of September 30, 2026. Rows & columns may not foot due to rounding. 1Presented on a non-fully tax equivalent basis.
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DO NOT REFRESH Color PaletteComplementary 000 / 000 / 051 Body text 074 / 075 / 076 030 / 152 / 213 185 / 197 / 212 023 / 061 / 110 119 / 139 / 154 255 / 107 / 000109 / 110 / 112 237 / 237 / 238 000 / 139 / 151 137 / 139 / 141 197 / 064 / 044 166 / 168 / 171 103 / 086 / 164 208 / 210 / 211 238 / 184 / 028 7 Noninterest income Q3 2026 Q2 2026 Q3 2025 QoQ YoY Investment advisory fees $ 19.4 $ 19.7 $ 17.6 $ (0.3) $ 1.8 Service charges on deposit accounts 10.1 10.0 8.6 0.1 1.6 Card income 6.4 6.0 4.2 0.4 2.2 Interest rate swap income 1.7 2.0 0.9 (0.3) 0.8 Income from investments for employee retirement benefits 0.6 7.0 3.8 (6.3) (3.2) Mortgage banking income 3.8 3.3 0.1 0.4 3.7 Losses on sale of AFS securities (0.8) — — (0.8) (0.8) Miscellaneous income and fees 6.6 9.8 4.7 (3.1) 2.0 Other non-operating income (loss) 0.8 (0.3) 1.5 1.1 (0.7) Total noninterest income $ 48.7 $ 57.6 $ 41.3 $ (8.9) $ 7.4 Total operating noninterest income* $ 48.7 $ 57.9 $ 39.7 $ (9.2) $ 9.0 • On an operating basis, noninterest income decreased $9.2 million, or 16%, linked quarter primarily due to the following: • Income from investments for employee retirement benefits decreased $6.3 million due to weaker equity market performance • Miscellaneous income and fees decreased $3.1 million, primarily due to gains on the sale of commercial loans in Q2 2026 that did not recur in Q3 2026 • Investment advisory fees decreased $0.3 million, as growth in assets under management revenues was more than offset by lower tax preparation fees, which are seasonally higher in Q2 $ in millions. *Non-GAAP Financial Measure.
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DO NOT REFRESH Color PaletteComplementary 000 / 000 / 051 Body text 074 / 075 / 076 030 / 152 / 213 185 / 197 / 212 023 / 061 / 110 119 / 139 / 154 255 / 107 / 000109 / 110 / 112 237 / 237 / 238 000 / 139 / 151 137 / 139 / 141 197 / 064 / 044 166 / 168 / 171 103 / 086 / 164 208 / 210 / 211 238 / 184 / 028 8 $9,233 $9,608 $9,785 $10,616 $10,772 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Assets under management (AUM) AUM asset allocation 62% 29% 6%3% Equity Fixed Income Cash OtherFees $17.6 $18.6 $18.3 $19.7 $19.4 44% 40% 41% 34% 40% Fees Fees as a % of total operating noninterest income Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 $ in millions. • Wealth assets under administration increased to $11.6 billion, including approximately $10.8 billion of AUM, and benefited from positive net flows and market appreciation • Fees decreased linked quarter as growth in AUM revenues was more than offset by lower tax preparation fees, which are seasonally higher in Q2 • AUM fees as a percentage of AUM: ~70 bps Wealth management Continued momentum
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DO NOT REFRESH Color PaletteComplementary 000 / 000 / 051 Body text 074 / 075 / 076 030 / 152 / 213 185 / 197 / 212 023 / 061 / 110 119 / 139 / 154 255 / 107 / 000109 / 110 / 112 237 / 237 / 238 000 / 139 / 151 137 / 139 / 141 197 / 064 / 044 166 / 168 / 171 103 / 086 / 164 208 / 210 / 211 238 / 184 / 028 9 $140.4 $189.4 $198.6 $167.9 $159.7$137.2 $156.1 $167.9 $166.4 $159.7 Noninterest expense Operating noninterest expense Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Noninterest expense $ in millions. *Non-GAAP Financial Measure. • On a operating basis, noninterest expense decreased $6.7 million, or 4% linked quarter, primarily due to the following: • Salaries and employee benefits decreased $2.2 million, primarily driven by lower costs related to employee retirement benefits • Occupancy and equipment decreased $1.9 million, primarily reflecting lower maintenance and depreciation costs • Professional services decreased $1.8 million, primarily due to shareholder advisory fees in Q2 2026 that did not recur in Q3 2026 • Other operating expense decreased $1.9 million, primarily driven by a release of unfunded commitment reserves Q3 2026 Q2 2026 Q3 2025 QoQ YoY Salaries & employee benefits $ 94.8 $ 97.0 $ 84.0 $ (2.2) $ 10.9 Technology & data processing 23.7 23.7 19.8 — 3.9 Occupancy & equipment 11.4 13.2 11.7 (1.9) (0.4) Professional services 3.9 5.7 3.0 (1.8) 0.8 FDIC insurance 4.7 3.7 3.5 1.0 1.2 Marketing expenses 3.2 3.1 2.7 0.1 0.5 Amortization of intangible assets 11.6 11.6 7.8 — 3.8 Other operating expense 6.3 8.2 4.7 (1.9) 1.6 Non-operating expense — 1.6 3.2 (1.6) (3.2) Total noninterest expense $ 159.7 $ 167.9 $ 140.4 $ (8.3) $ 19.3 Total operating noninterest expense* $ 159.7 $ 166.4 $ 137.2 $ (6.7) $ 22.5
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DO NOT REFRESH Color PaletteComplementary 000 / 000 / 051 Body text 074 / 075 / 076 030 / 152 / 213 185 / 197 / 212 023 / 061 / 110 119 / 139 / 154 255 / 107 / 000109 / 110 / 112 237 / 237 / 238 000 / 139 / 151 137 / 139 / 141 197 / 064 / 044 166 / 168 / 171 103 / 086 / 164 208 / 210 / 211 238 / 184 / 028 10 • Period-end balances increased $98 million, or 0.4%, linked quarter despite seasonal municipal outflows • Average balances increased $667 million, or 2.6%, from Q2 2026 • Due to higher short-term interest rates, we took targeted actions to appropriately position offerings to defend and grow share which resulted in upward pressure on deposit costs • Total cost of deposits increased 9 basis points to 1.56% Period-end balances Cost of deposits Deposit composition 1.55% 1.59% 1.46% 1.47% 1.56% 2.11% 2.13% 1.94% 1.96% 2.08% Interest-bearing deposit costTotal deposit cost Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Deposits $ in millions. 47% 43% 44% 43% 43% 30% 31% 31% 32% 33% 7% 8% 9% 8% 8% 16% 15% 17% 16% 16% CD Savings MMDA Checking Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 $21,117 $25,471 $25,105 $25,919 $26,017 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 High quality, low cost portfolio
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DO NOT REFRESH Color PaletteComplementary 000 / 000 / 051 Body text 074 / 075 / 076 030 / 152 / 213 185 / 197 / 212 023 / 061 / 110 119 / 139 / 154 255 / 107 / 000109 / 110 / 112 237 / 237 / 238 000 / 139 / 151 137 / 139 / 141 197 / 064 / 044 166 / 168 / 171 103 / 086 / 164 208 / 210 / 211 238 / 184 / 028 11 • Period-end loans increased $261 million, or 1.1%, linked quarter • Solid growth in CRE balances of $229 million; payoffs continue to be a headwind despite moderating from Q2 2026 • C&I continued to grow as balances were up $93 million, driven by broad-based activity • Consumer increased $49 million, due to higher HELOC balances • Commercial loan pipelines remain strong Loans Commercial loan composition $18,829 $23,574 $23,388 $23,713 $23,974 $13,051 $16,025 $15,897 $16,188 $16,377 $4,011 $5,516 $5,467 $5,442 $5,465$1,767 $2,034 $2,024 $2,083 $2,132 Total commercial Residential real estate Total Consumer Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Period-end balances 27% 59% 4%10% Commercial and industrial Commercial real estate Commercial construction Business banking $ in millions. Charts may not foot due to rounding Total loan yield 5.35% 5.55% 5.40% 5.45% 5.46% Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Diversified, high-performing portfolio
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DO NOT REFRESH Color PaletteComplementary 000 / 000 / 051 Body text 074 / 075 / 076 030 / 152 / 213 185 / 197 / 212 023 / 061 / 110 119 / 139 / 154 255 / 107 / 000109 / 110 / 112 237 / 237 / 238 000 / 139 / 151 137 / 139 / 141 197 / 064 / 044 166 / 168 / 171 103 / 086 / 164 208 / 210 / 211 238 / 184 / 028 12 Securities Portfolio composition1 Period-end balances1 63% 29% 1%6%1% Agency RMBS Agency CMBS Treasuries Munis Corporate Debt $ in millions. 1Includes both AFS and HTM portfolios at amortized cost. 2Presented on a fully tax equivalent basis. $4,669 $4,743 $4,914 $5,165 $5,278 $4,155 $4,143 $4,201 $4,400 $4,438 $514 $600 $713 $764 $840 AFS securities HTM securities Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 • 93% in U.S. agency securities and treasury bonds • Securities yield of 3.35% in Q3 2026, up 10 basis points from Q2 2026, supported by recent purchases • AFS unrealized loss was $396 million after tax, compared to $286 million at June 30, 2026 Securities yield2 3.03% 3.04% 3.18% 3.25% 3.35% Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 High quality portfolio
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DO NOT REFRESH Color PaletteComplementary 000 / 000 / 051 Body text 074 / 075 / 076 030 / 152 / 213 185 / 197 / 212 023 / 061 / 110 119 / 139 / 154 255 / 107 / 000109 / 110 / 112 237 / 237 / 238 000 / 139 / 151 137 / 139 / 141 197 / 064 / 044 166 / 168 / 171 103 / 086 / 164 208 / 210 / 211 238 / 184 / 028 13 Capital1 *Non-GAAP Financial Measure. 1Regulatory capital ratios as of September 30, 2026 are preliminary estimates. Metrics 9/30/2026 6/30/2026 3/31/2026 12/31/2025 9/30/2025 Tier 1 leverage ratio 10.9% 10.9% 11.0% 11.7% 12.3% Common equity tier 1 ratio 13.0% 13.0% 13.2% 13.2% 14.7% Tier 1 capital ratio 13.0% 13.0% 13.2% 13.2% 14.7% Total risk-based capital ratio 14.0% 14.0% 14.2% 14.3% 15.8% Tangible common equity ratio* 9.6% 10.1% 10.2% 10.4% 11.4% Tangible book value per share* $12.96 $13.13 $12.90 $12.90 $13.14 Strong capital position • Provides significant support for capital deployment strategies Committed to returning capital to shareholders • Returned $89.1 million in capital during Q3 2026 • $56.7 million in share repurchases and $32.4 million in cash dividends • Declared quarterly cash dividend of $0.15 payable on December 21, 2026 Rightsizing capital • Capital deployment strategies: organic growth within existing footprint, consistent share repurchases, and prudently grow quarterly dividend Managing towards peer median CET1 ratio (~12.0%) • Driven by a consistent return of capital through share repurchases and quarterly cash dividends
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DO NOT REFRESH Color PaletteComplementary 000 / 000 / 051 Body text 074 / 075 / 076 030 / 152 / 213 185 / 197 / 212 023 / 061 / 110 119 / 139 / 154 255 / 107 / 000109 / 110 / 112 237 / 237 / 238 000 / 139 / 151 137 / 139 / 141 197 / 064 / 044 166 / 168 / 171 103 / 086 / 164 208 / 210 / 211 238 / 184 / 028 14 Net charge-offs Non-performing loans1 Asset quality $ in millions. 1Amortized cost basis • Non-performing loans improved, as expected, for third consecutive quarter following HarborOne merger • Commercial: $59.4 million • Residential: $18.4 million • Consumer: $7.0 million • Provision for loan losses: $6.8 million, consistent with Q2 2026 • Robust reserves: allowance for loan losses of $327.2 million or 1.39% of total loans Commercial criticized & classified loans1 $6 $7 $8 $1 $1 $3 $2 $9 $4 0.13% 0.18% 0.17% 0.17% 0.09% Eastern Legacy HarborOne NCOs / Avg. loans (%) Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 $69 $78 $52 $44 $42 $94 $86 $65 $43 0.37% 0.75% 0.60% 0.47% 0.36% Eastern Legacy HarborOne NPL (%) Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 $495 $472 $431 $366 $386 $321 $370 $425 $442 3.82% 5.00% 5.08% 4.92% 5.08% Eastern Legacy HarborOne Criticized & Classified (%) Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 $172 $10 $793 $138 $10 $801 $109 $10 $791 Asset quality remains strong $85 $5 $828
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Appendix
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DO NOT REFRESH Color PaletteComplementary 000 / 000 / 051 Body text 074 / 075 / 076 030 / 152 / 213 185 / 197 / 212 023 / 061 / 110 119 / 139 / 154 255 / 107 / 000109 / 110 / 112 237 / 237 / 238 000 / 139 / 151 137 / 139 / 141 197 / 064 / 044 166 / 168 / 171 103 / 086 / 164 208 / 210 / 211 238 / 184 / 028 16 CRE exposure1 $ in millions. 1CRE exposure excludes Construction and Business Banking except for the NOO CRE to total RBC ratio. 2NOO CRE to total RBC ratio in Q3 2026 is estimated. 3Excludes affordable housing loans. 4Amortized cost basis Composition Non-performing CRE loans Balance % of total CRE Avg. loan balance NPL% Multi-family $ 3,252 34 % $ 5.7 0.05 % Retail 1,331 14 % 3.4 — % Office 1,142 12 % 3.8 0.62 % Industrial/Warehouse 1,173 12 % 3.9 2.75 % Affordable housing 612 6 % 3.7 0.93 % Education 386 4 % 5.4 — % Self storage 266 3 % 5.3 — % All others 1,458 15 % 3.3 — % Total CRE $ 9,619 100 % $ 4.2 0.49 % • CRE portfolio of $9.6 billion, or 40% of total loans • Non-owner occupied CRE to total risk-based capital ratio2 of 247% • Composed of diversified property types • Multi-family3 is the largest segment, representing 34% of total CRE and the Eastern legacy portfolio has not had any charge-offs in the past 10+ years • Weighted average LTV at origination: low-to-mid 50% • 97% of properties are in New England • Criticized & classified4: $534 million or 5.6% of total CRE loans, compared to $550 million or 5.9% in prior quarter • Non-performing loans: $46 million, or 0.49% of total CRE loans, compared to $73 million, or 0.78% in prior quarter • 84% of loans mature in 2028 or later • See slide 17 for CRE investor office exposure $44 $42 $23 $13 $12 $79 $75 $60 $34 0.60% 1.30% 1.05% 0.78% 0.49%Eastern legacy HarborOne NPL (%) Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 $121 $98 $73 $46
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DO NOT REFRESH Color PaletteComplementary 000 / 000 / 051 Body text 074 / 075 / 076 030 / 152 / 213 185 / 197 / 212 023 / 061 / 110 119 / 139 / 154 255 / 107 / 000109 / 110 / 112 237 / 237 / 238 000 / 139 / 151 137 / 139 / 141 197 / 064 / 044 166 / 168 / 171 103 / 086 / 164 208 / 210 / 211 238 / 184 / 028 17 CRE investor office exposure1 Risk segment and location Office 44% Mixed Use 39% Lab/Life Science 10% Medical 7% MA suburban 62% Boston/ Cambridge 26% NH/RI/CT 12% Classification Balance Average loan size Criticized & Classified3 NPL Specific reserve Class A2 $ 66 $ 22 $ 44 $ — $ 8 Class B/C 935 4 105 7 24 Total $ 1,001 $ 5 $ 149 $ 7 $ 32 $ in millions. 1 CRE investor office exposure excludes construction and Business Banking. 2Class A defined as high-rise institutional quality buildings in Boston/Cambridge. 3Amortized cost basis • CRE investor office loans: $1.0 billion, or 4% of total loans • Includes Company's lab/life science exposure: $99 million in balances or <1% of total loans. All loans accruing • Weighted average LTV: 53% at origination • Maturities proactively managed: 6% in 2026, 16% in 2027, 14% in 2028, and 64% in 2029 or later • 100% in New England and 74% in suburban areas • Criticized or classified3: $149 million, or 14% of CRE investor office loans • Adequately reserved: $53 million, or 5% of CRE investor office, including specific reserves of $32 million • Every loan over $5 million is re-underwritten annually Maturity schedule Q4 2026 Q1 2027 Q2 2027 Q3 2027 Accruing $ 63 $ 67 $ 50 $ 24 Non-accruing — — — — Total $ 63 $ 67 $ 50 $ 24
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DO NOT REFRESH Color PaletteComplementary 000 / 000 / 051 Body text 074 / 075 / 076 030 / 152 / 213 185 / 197 / 212 023 / 061 / 110 119 / 139 / 154 255 / 107 / 000109 / 110 / 112 237 / 237 / 238 000 / 139 / 151 137 / 139 / 141 197 / 064 / 044 166 / 168 / 171 103 / 086 / 164 208 / 210 / 211 238 / 184 / 028 18 *Denotes a non-GAAP financial measure used in the press release. The Company presents certain non-GAAP financial measures that management uses to evaluate performance and trends in the Company's core business. These measures exclude selected items that management believes are not indicative of core operating performance, including, as applicable, (i) gains and losses on sales of securities available for sale, net, (ii) gains and losses on the sale of other assets, (iii) impairment charges on tax credit investments and associated tax credit benefits, (iv) other real estate owned gains (losses), (v) merger and acquisition expenses, (vi) certain discrete tax items, and (vii) expenses associated with staffing reorganization. Additionally, certain measures, including the operating efficiency ratio, also further exclude the effect of amortization of intangible assets. The Company also presents tangible capital measures, including tangible shareholders' equity, average tangible shareholders' equity, tangible book value per share, and related ratios, which exclude goodwill and other intangible assets. Management believes these non-GAAP measures provide investors with additional insight into underlying operating performance, trends, and capital strength that may, to some extent, be obscured by inclusion of such items in the corresponding GAAP financial measures. Management also uses these measures to compare results across reporting periods on a consistent basis, in internal planning and budgeting, and in assessing performance for certain incentive compensation determinations. These measures should be considered supplemental to, and not a substitute for, GAAP results. Because non-GAAP measures are not standardized, they may not be comparable to similarly titled measures reported by other companies. Reconciliations of the non-GAAP measures to the most directly comparable GAAP measures are provided in Appendices A-D. Non-GAAP financial measures
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DO NOT REFRESH Color PaletteComplementary 000 / 000 / 051 Body text 074 / 075 / 076 030 / 152 / 213 185 / 197 / 212 023 / 061 / 110 119 / 139 / 154 255 / 107 / 000109 / 110 / 112 237 / 237 / 238 000 / 139 / 151 137 / 139 / 141 197 / 064 / 044 166 / 168 / 171 103 / 086 / 164 208 / 210 / 211 238 / 184 / 028 19 Forward-looking statements This presentation may contain “forward-looking statements” within the meaning of section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the Company's future financial performance, business strategies, operating results, growth opportunities, merger integration activities, and other plans, objectives, expectations, and intentions. Forward-looking statements are based on current expectations and assumptions and may be identified by words such as “may,” “will,” “should,” “could,” “would,” “plan,” “potential,” “estimate,” “project,” “believe,” “intend,” “anticipate,” “expect,” “target”, “outlook” and similar expressions. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These risks and uncertainties include, among others, changes in economic conditions, interest rates, inflation, liquidity, credit quality, customer behavior, competition, regulatory and legislative developments, cybersecurity and operational risks, merger integration risks, the realization of anticipated merger benefits, changes in deposit pricing, funding mix, and the resulting effect on the Company's net interest margin, deposit outflows or increased reliance on wholesale funding, the concentration of the Company's loan portfolio in commercial real estate, potential impairment of goodwill and other intangible assets, changes in securities markets, natural disasters, pandemics, and other factors described in the Company's most recent Annual Report on Form 10-K and subsequent periodic filings with the U.S. Securities and Exchange Commission, which are available on the SEC’s website at www.sec.gov. The foregoing list of factors is not exhaustive, and other factors not presently known to the Company or that the Company currently deems immaterial could also cause actual results to differ materially from those expressed or implied. Forward-looking statements speak only as of the date of this presentation, and the Company undertakes no obligation to update them except as required by law.