CONSOLIDATED BALANCE SHEETS (dollars in thousands, except per-share data) June 30, 2026 (unaudited) December 31, 2025 ASSETS Cash and due from banks $ 325,259 $ 271,463 Interest-bearing deposits with other banks 937,808 790,146 Cash and Cash Equivalents 1,263,067 1,061,609 FRB and FHLB stock 138,587 121,009 Loans held for sale 33,902 16,316 Investment securities: AFS, at estimated fair value 3,561,050 3,407,859 HTM, at amortized cost 1,561,709 1,425,885 Net loans 25,934,293 24,144,884 Less: ACL - loans (382,580) (364,462) Loans, Net 25,551,713 23,780,422 Net premises and equipment 186,184 175,240 Accrued interest receivable 121,220 113,698 Goodwill and net intangible assets 633,485 612,996 Other assets 1,505,803 1,403,366 Total Assets $ 34,556,720 $ 32,118,400 LIABILITIES Deposits: Noninterest-bearing $ 5,245,586 $ 5,256,096 Interest-bearing 23,004,756 21,333,311 Total Deposits 28,250,342 26,589,407 Borrowings: FHLB advances 552,500 250,000 Senior debt and subordinated debt 469,668 367,637 Other borrowings 691,808 679,738 Total Borrowings 1,713,976 1,297,375 Accrued interest payable 22,811 17,130 Other liabilities 753,778 724,041 Total Liabilities 30,740,907 28,627,953 SHAREHOLDERS' EQUITY Preferred stock, no par value, 10,000,000 shares authorized; Series A, 200,000 shares issued as of June 30, 2026 and December 31, 2025, liquidation preference of $1,000 per share 192,878 192,878 Common stock, $2.50 par value, 600,000,000 shares authorized, 248,210,978 shares issued as of June 30, 2026 and 247,130,331 shares issued as of December 31, 2025 620,527 617,826 Additional paid-in capital 1,885,092 1,803,235 Retained earnings 2,143,949 2,024,618 Accumulated other comprehensive loss (213,070) (198,682) Treasury stock, at cost, 56,750,100 shares as of June 30, 2026 and 67,235,204 shares as of December 31, 2025 (813,563) (949,428) Total Shareholders' Equity 3,815,813 3,490,447 Total Liabilities and Shareholders' Equity $ 34,556,720 $ 32,118,400 See Notes to Consolidated Financial Statements 6 CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (dollars in thousands, except per-share data) Three months ended June 30, Six months ended June 30, 2026 2025 2026 2025 Interest Income Loans, including fees $ 371,587 $ 346,603 $ 710,609 $ 691,391 Investment securities 46,190 47,961 89,479 93,700 Other interest income 10,377 8,197 18,122 17,361 Total Interest Income 428,154 402,761 818,210 802,452 Interest Expense Deposits 126,737 129,194 242,543 260,085 Federal funds purchased — 12 — 12 FHLB advances 4,900 7,929 7,240 15,950 Senior debt and subordinated debt 7,066 5,047 11,765 8,624 Other borrowings and interest-bearing liabilities 5,199 5,658 10,387 11,674 Total Interest Expense 143,902 147,840 271,935 296,345 Net Interest Income 284,252 254,921 546,275 506,107 Provision for credit losses 4,897 8,607 19,339 22,505 Net Interest Income After Provision for Credit Losses 279,355 246,314 526,936 483,602 Non-Interest Income Wealth management 23,139 22,281 47,635 44,066 Commercial banking 24,822 23,431 47,628 44,760 Consumer banking 15,345 14,528 29,521 27,596 Mortgage banking 4,938 3,991 8,893 7,130 Other 11,062 4,917 15,470 12,830 Non-Interest Income Before Investment Securities (Losses) Gains, Net 79,306 69,148 149,147 136,382 Investment securities (losses) gains, net — — — (2) Total Non-Interest Income 79,306 69,148 149,147 136,380 Non-Interest Expense Salaries and employee benefits 120,184 107,123 230,101 210,649 Data processing and software 20,419 18,262 39,081 36,861 Net occupancy 17,841 16,410 36,070 34,617 Other outside services 14,999 12,009 27,749 23,846 Intangible amortization 5,910 5,460 11,260 11,729 FDIC insurance 4,430 4,951 8,679 10,549 Equipment 4,086 4,100 8,010 8,249 Marketing 2,818 2,604 5,149 5,124 Professional fees 2,342 2,163 4,581 1,085 Acquisition-related expenses 13,839 — 16,483 380 Other 24,086 19,729 44,085 39,181 Total Non-Interest Expense 230,954 192,811 431,248 382,270 Income Before Income Taxes 127,707 122,651 244,835 237,712 Income taxes 25,293 23,453 47,660 45,527 Net Income 102,414 99,198 197,175 192,185 Preferred stock dividends (2,562) (2,562) (5,124) (5,124) Net Income Available to Common Shareholders $ 99,852 $ 96,636 $ 192,051 $ 187,061 PER SHARE: Net income available to common shareholders (basic) $ 0.52 $ 0.53 $ 1.03 $ 1.03 Net income available to common shareholders (diluted) 0.52 0.53 1.02 1.02 Cash dividends 0.19 0.18 0.38 0.36 See Notes to Consolidated Financial Statements 7 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (dollars in thousands) Three months ended June 30, Six months ended June 30, 2026 2025 2026 2025 Net Income $ 102,414 $ 99,198 $ 197,175 $ 192,185 Other comprehensive income (loss), net of tax: Unrealized gains (losses) on AFS investment securities: Net unrealized holding gains (losses) 12,261 (5,357) (9,422) 4,412 Reclassification adjustment for securities net change realized in net income — — — 2 Amortization of net unrealized gains on AFS investment securities transferred to HTM 1,300 1,342 2,537 2,670 Net Unrealized Gains (Losses) on AFS Investment Securities 13,561 (4,015) (6,885) 7,084 Unrealized (losses) gains on interest rate derivatives used in cash flow hedges: Net unrealized holding (losses) gains (5,128) 44 (11,082) 1,808 Reclassification adjustment for net change realized in net income 474 3,955 3,774 7,470 Net Unrealized (Losses) Gains on Interest Rate Derivatives Used in Cash Flow Hedges (4,654) 3,999 (7,308) 9,278 Defined benefit pension plan and postretirement benefits: Amortization of net unrecognized pension and postretirement items (90) (106) (195) (212) Other Comprehensive Income (Loss), Net of Tax 8,817 (122) (14,388) 16,150 Total Comprehensive Income $ 111,231 $ 99,076 $ 182,787 $ 208,335 See Notes to Consolidated Financial Statements 8 CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (UNAUDITED) (in thousands, except per-share data) Preferred Stock Common Stock Additional Retained Earnings Accumulated Other Comprehensive Income (Loss) Treasury Stock Total Shares Outstanding Amount Shares Outstanding Amount Paid-in Capital Three months ended June 30, 2026 Balance at March 31, 2026 200 $ 192,878 178,843 $ 618,076 $ 1,806,510 $ 2,082,797 $ (221,887) $ (973,091) $ 3,505,283 Net income 102,414 102,414 Other comprehensive income 8,817 8,817 Common stock issued(1) 623 1,557 520 2,077 Dividend reinvestment activity 62 463 889 1,352 Reissuance of treasury stock pursuant to acquisition(2) 12,436 75,991 176,949 252,940 Stock-based compensation awards (repurchases), net 22 894 1,608 (7,294) (4,792) Acquisition of treasury stock (525) (11,016) (11,016) Preferred stock dividend (2,562) (2,562) Common stock dividends - $0.19 per share (38,700) (38,700) Balance at June 30, 2026 200 $ 192,878 191,461 $ 620,527 $ 1,885,092 $ 2,143,949 $ (213,070) $ (813,563) $ 3,815,813 Three months ended June 30, 2025 Balance at March 31, 2025 200 $ 192,878 182,204 $ 615,121 $ 1,792,104 $ 1,833,247 $ (271,547) $ (887,482) $ 3,274,321 Net income 99,198 99,198 Other comprehensive loss (122) (122) Common stock issued(1) 34 85 495 580 Dividend reinvestment activity 85 188 1,180 1,368 Stock-based compensation awards (repurchases), net 578 2,295 1,122 (5,748) (2,331) Acquisition of treasury stock (522) (8,375) (8,375) Preferred stock dividend (2,562) (2,562) Common stock dividends - $0.18 per share (32,831) (32,831) Balance at June 30, 2025 200 $ 192,878 182,379 $ 617,501 $ 1,793,909 $ 1,897,052 $ (271,669) $ (900,425) $ 3,329,246 Six months ended June 30, 2026 Balance at December 31, 2025 200 $ 192,878 179,895 $ 617,826 $ 1,803,235 $ 2,024,618 $ (198,682) $ (949,428) $ 3,490,447 Net income 197,175 197,175 Other comprehensive loss (14,388) (14,388) Common stock issued(1) 674 1,685 1,131 2,816 Dividend reinvestment activity 131 859 1,855 2,714 Reissuance of treasury stock pursuant to acquisition(2) 12,436 75,991 176,949 $ 252,940 Stock-based compensation awards (repurchases), net 63 1,016 3,876 (7,657) (2,765) Acquisition of treasury stock (1,738) (35,282) (35,282) Preferred stock dividend (5,124) (5,124) Common stock dividends - $0.38 per share (72,720) (72,720) Balance at June 30, 2026 200 $ 192,878 191,461 $ 620,527 $ 1,885,092 $ 2,143,949 $ (213,070) $ (813,563) $ 3,815,813 Six months ended June 30, 2025 Balance at December 31, 2024 200 $ 192,878 182,089 $ 614,866 $ 1,789,214 $ 1,775,620 $ (287,819) $ (887,434) $ 3,197,325 Net income 192,185 192,185 Other comprehensive income 16,150 16,150 Common stock issued(1) 69 173 1,031 — 1,204 Dividend reinvestment activity 150 612 2,084 2,696 Stock-based compensation awards (repurchases), net 624 2,462 3,052 (6,150) (636) Acquisition of treasury stock (553) (8,925) (8,925) Preferred stock dividend (5,124) (5,124) Common stock dividends - $0.36 per share (65,629) (65,629) Balance at June 30, 2025 200 $ 192,878 182,379 $ 617,501 $ 1,793,909 $ 1,897,052 $ (271,669) $ (900,425) $ 3,329,246 See Notes to Consolidated Financial Statements (1) Issuance of common stock includes issuance in connection with the Corporation's ESPP. (2) Reissuance of common stock consists of 12,435,551 shares reissued in connection with the Blue Foundry Merger. 9 CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (dollars in thousands) Six months ended June 30, 2026 2025 CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ 197,175 $ 192,185 Adjustments to reconcile net income to net cash provided by operating activities: Provision for credit losses 19,339 22,505 Depreciation and amortization of premises and equipment 14,058 14,286 Net amortization of investment securities premiums (323) 974 Net accretion of loan discounts (25,441) (24,574) Investment securities losses, net — 2 Gain on sales of mortgage loans held for sale (5,880) (4,287) Proceeds from sales of mortgage loans held for sale 283,672 243,373 Originations of mortgage loans held for sale (295,377) (236,749) Amortization of intangible assets 11,260 11,729 Capitalization and amortization of issuance costs and discounts on long-term borrowings, net (2,969) 160 Loss (gain) on disposal of premises and equipment 112 (284) Stock-based compensation 4,892 5,514 Net change in life insurance cash surrender value (7,704) (5,502) Other changes, net 21,588 (126,880) Total adjustments 17,227 (99,733) Net cash provided by operating activities 214,402 92,452 CASH FLOWS FROM INVESTING ACTIVITIES: Proceeds from sales of AFS investment securities 141,366 14,966 Proceeds from principal repayments and maturities of AFS investment securities 428,363 270,296 Proceeds from principal repayments and maturities of HTM investment securities 67,978 44,319 Purchase of AFS investment securities (511,308) (492,443) Purchase of HTM investment securities (200,978) (118,967) Net change in FRB and FHLB stock (3,100) (1,941) Net change in loans (214,696) 32,648 Net purchases of premises and equipment (7,554) (13,481) Settlement of bank owned life insurance 1,867 1,385 Proceeds from sale-leaseback transaction — 11,323 Net cash and cash equivalents acquired in acquisition 141,801 — Net change in tax credit investments (15,667) (18,106) Net cash used in investing activities (171,928) (270,001) CASH FLOWS FROM FINANCING ACTIVITIES: Net change in demand and savings deposits 177,512 67,301 Net change in time deposits and brokered deposits (49,042) (58,667) Net change in borrowings 38,570 (8,308) Repayments of senior debt and subordinated debt (195,000) — Proceeds from senior debt and subordinated debt issuance 300,000 — Net proceeds from issuance of common stock 5,530 3,900 Dividends paid (75,647) (70,809) Acquisition of treasury stock (42,939) (15,075) Net cash provided by (used in) financing activities 158,984 (81,658) Net increase (decrease) in Cash and Cash Equivalents 201,458 (259,207) Cash and Cash Equivalents at Beginning of Period 1,061,609 1,063,871 Cash and Cash Equivalents at End of Period $ 1,263,067 $ 804,664 Supplemental Disclosures of Cash Flow Information: Cash paid during the period for: Interest $ 266,254 $ 300,395 Income taxes 35,332 52,629 Business Combination Reissuance of treasury stock pursuant to acquisition $ 252,940 $ — Fair value of tangible assets acquired 2,065,172 — Intangible assets 17,800 — Liabilities assumed 1,843,976 — See Notes to Consolidated Financial Statements 10 FULTON FINANCIAL CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) NOTE 1 – Basis of Presentation The accompanying unaudited Consolidated Financial Statements of the Corporation have been prepared in conformity with GAAP for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the Consolidated Financial Statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. These unaudited Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and the notes thereto included in the Corporation's Annual Report on Form 10-K for the year ended December 31, 2025. Operating results for the three and six months ended June 30, 2026 are not necessarily indicative of results that may be expected for the year ending December 31, 2026. The Corporation evaluates subsequent events through the date of filing of this Quarterly Report on Form 10-Q with the SEC for potential recognition or disclosure in the Consolidated Financial Statements. Significant Accounting Policies The significant accounting policies used in the preparation of the unaudited Consolidated Financial Statements are disclosed in the Corporation's Annual Report on Form 10-K for the year ended December 31, 2025. There have been no material changes to these accounting policies during the three and six months ended June 30, 2026. Recently Adopted Accounting Standards In November 2024, FASB issued ASU 2024-04 Debt - Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments ("ASU 2024-04"). This update clarifies the requirements for determining whether settlement of convertible debt should be accounted for as induced conversion. The Corporation adopted ASU 2024-04 on January 1, 2026, and its adoption did not have a material impact on its Consolidated Financial Statements. In July 2025, FASB issued ASU 2025-05 Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets ("ASU 2025-05"). This update allows public companies to use a practical expedient when estimating credit losses on current receivables and current customer contracts. The Corporation adopted ASU 2025-05 on January 1, 2026, and its adoption did not have a material impact on its Consolidated Financial Statements. In September 2025, FASB issued ASU 2025-06 Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software ("ASU 2025-06"). This update modernizes internal-use software guidance to adapt to the agile basis predominantly used to develop software. The Corporation adopted ASU 2025-06 on January 1, 2026, and its adoption did not have a material impact on its Consolidated Financial Statements. In November 2025, FASB issued ASU 2025-09 Derivatives and Hedging (Topic 815): Hedge Accounting Improvements ("ASU 2025-09"). This update more closely aligns hedge accounting and financial reporting with risk management activities. The Corporation adopted ASU 2025-09 on January 1, 2026, and its adoption did not have a material impact on its Consolidated Financial Statements. Recently Issued Accounting Standards In November 2024, FASB issued ASU 2024-03 Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expense ("ASU 2024-03"). This update requires disaggregation of certain expenses in a note to the Consolidated Financial Statements. The Corporation will adopt ASU 2024-03 on January 1, 2027. The Corporation does not expect the adoption of ASU 2024-03 to have a material impact on its Consolidated Financial Statements. 11 In January 2025, FASB issued ASU 2025-01 Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date ("ASU 2025-01"). This update clarifies the effective date of ASU 2024-03. The Corporation will adopt ASU 2025-01 on January 1, 2027. The Corporation does not expect the adoption of ASU 2025-01 to have a material impact on its Consolidated Financial Statements. In May 2025, FASB issued ASU 2025-03 Business Combination (Topic 805) and Consolidation (Topic 810) - Determining the Accounting Acquirer in an Acquisition of a Variable Interest Entity ("ASU 2025-03"). This update addresses the determination of the accounting acquirer in an acquisition of a variable interest entity. The Corporation will adopt ASU 2025-03 on January 1, 2027. The Corporation does not expect the adoption of ASU 2025-03 to have a material impact on its Consolidated Financial Statements. In May 2025, FASB issued ASU 2025-04 Compensation - Stock Compensation (Topic 718) and Revenue from Contracts with Customers (Topic 606) - Clarifications to Share-Based Consideration Payable to a Customer ("ASU 2025-04"). This update revises the definition of performance condition for share-based consideration payable to a customer, eliminates the forfeiture policy for most awards granted to customers, and clarifies the applicability of the variable consideration constraint. The Corporation will adopt ASU 2025-04 on January 1, 2027. The Corporation does not expect the adoption of ASU 2025-04 to have a material impact on its Consolidated Financial Statements. In September 2025, FASB issued ASU 2025-07 Derivatives and Hedging (Topic 815) and Revenue from Contracts with Customers (Topic 606): Derivatives Scope Refinements and Scope Clarification for Share-Based Noncash Consideration from a Customer in a Revenue Contract ("ASU 2025-07"). This update refines the scope of Topic 815 to clarify which contracts are subject to derivative accounting and clarifies guidance under Topic 606 for share-based noncash consideration from a customer in revenue contracts. The Corporation will adopt ASU 2025-07 on January 1, 2027. The Corporation does not expect the adoption of ASU 2025-07 to have a material impact on its Consolidated Financial Statements. In December 2025, FASB issued ASU 2025-10 Government Grants (Topic 832): Accounting for Government Grants Received by Business Entities ("ASU 2025-10"). This update provides accounting guidance for business entities that receive government grants. The Corporation will adopt ASU 2025-10 on January 1, 2029. The Corporation does not expect the adoption of ASU 2025-10 to have a material impact on its Consolidated Financial Statements. In December 2025, FASB issued ASU 2025-11 Interim Reporting (Topic 270): Narrow-Scope Improvements ("ASU 2025-11"). This update improves navigability of the required interim disclosures and clarifies when that guidance is applicable. The Corporation will adopt ASU 2025-11 on January 1, 2028. The Corporation does not expect the adoption of ASU 2025-11 to have a material impact on its Consolidated Financial Statements. In December 2025, FASB issued ASU 2025-12 Codification Improvements ("ASU 2025-12"). This update makes changes to the Accounting Standards Codification affecting a wide variety of topics to clarify, correct errors and make minor improvements. The Corporation will adopt ASU 2025-12 on January 1, 2027. The Corporation does not expect the adoption of ASU 2025-12 to have a material impact on its Consolidated Financial Statements. In April 2026, FASB issued ASU 2026-01 Equity (Topic 505): Initial Measurement of Paid‑in‑Kind Dividends on Equity‑Classified Preferred Stock ("ASU 2026-01"). This update provides direction on how an issuer should initially measure paid-in-kind dividends on equity-classified preferred stock. The Corporation will adopt ASU 2026-01 on January 1, 2027. The Corporation does not expect the adoption of ASU 2026-01 to have a material impact on its Consolidated Financial Statements. In May 2026, FASB issued ASU 2026-02 Environmental Credits and Environmental Credit Obligations (Topic 818) ("ASU 2026-02"). This update establishes comprehensive accounting and disclosure requirements for environmental credits and environmental credit obligations. The Corporation will adopt ASU 2026-02 on January 1, 2028. The Corporation does not expect the adoption of ASU 2026-02 to have a material impact on its Consolidated Financial Statements. Reclassifications Certain amounts in the 2025 Consolidated Financial Statements and related notes have been reclassified to conform to the 2026 presentation. 12 NOTE 2 – Business Combinations Blue Foundry Bancorp On the Acquisition Date, the Corporation completed the Blue Foundry Merger, and Blue Foundry Bank became a wholly owned subsidiary of the Corporation. On July 11, 2026, Blue Foundry Bank merged with and into Fulton Bank at the time of systems conversion. Pursuant to the terms of the Blue Foundry Merger Agreement, each share of Blue Foundry common stock was converted into the right to receive 0.650 of a share of the Corporation's common stock, with cash paid in lieu of fractional shares. On the Acquisition Date, the Corporation issued an aggregate of 12,435,551 shares of common stock. The Blue Foundry Merger was accounted for as a business combination using the acquisition method of accounting, and, accordingly, the assets acquired, the liabilities assumed, and consideration transferred were recorded at their estimated fair values as of the Acquisition Date. The $13.9 million excess of merger consideration over the fair value of net assets acquired in the Blue Foundry Merger was recorded as goodwill and is neither amortizable nor deductible for tax purposes. The following table summarizes the consideration transferred and the estimated fair values of identifiable assets acquired and liabilities assumed in connection with the Blue Foundry Merger on the Acquisition Date: Estimated Fair Value (dollars in thousands) Consideration transferred: Common stock issued (12,435,551) $ 252,940 Cash paid to Blue Foundry Bancorp shareholders 5 Value of consideration 252,945 Assets acquired: Cash and due from banks 9,109 Interest bearing deposits with banks 118,219 FHLB Stock 14,478 Investment securities 226,456 Loans,net 1,552,046 Premises and equipment 19,472 Other assets 143,192 Total assets 2,082,972 Liabilities assumed: Deposits 1,532,465 Borrowings 276,000 Other liabilities 35,511 Total liabilities 1,843,976 Net assets acquired 238,996 Goodwill resulting from acquisition $ 13,949 The values assigned to assets acquired and liabilities assumed and the impact on associated income taxes are preliminary and subject to change up to one year from the Acquisition Date as the Corporation continues to finalize the valuation of loans, premises and equipment, intangible assets and deferred taxes. Adjustments recorded during the measurement period will be recognized retrospectively as if the accounting was completed as of the Acquisition Date. Goodwill recognized in connection with the Blue Foundry Merger is primarily attributable to the expected synergies from combining operations, including cost savings from systems integration and anticipated growth opportunities. The following is a description of the valuation methodologies used to estimate the fair values of major categories of assets acquired and liabilities assumed in the Blue Foundry Merger. 13 Cash and due from banks: The fair value of cash and due from banks approximates its book value. Investment securities: A portion of the investment securities portfolio acquired in the Blue Foundry Merger, with a fair value of $142.2 million, was sold shortly after the Acquisition Date. The fair value of the sold portion of the investment portfolio was determined based on the proceeds received from the sale. The remaining investment securities, with a fair value of $84.3 million, were retained in the AFS portfolio and valued using quoted market prices, dealer quotations and pricing information obtained from independent pricing services. Loans: The Corporation recorded $1.6 billion of acquired loans at their estimated fair values as of the Acquisition Date. The estimated fair value of the loans was based on a discounted cash flow methodology that considered credit loss and prepayment expectations, market interest rates and other market factors from the perspective of a market participant. Loan cash flows were generated on an individual loan basis. The PD, LGD, exposure at default and prepayment assumptions are the key factors driving credit losses that are embedded in the estimated cash flows. The following table presents information with respect to the estimated fair value and unpaid principal balance of acquired loans and leases: April 1, 2026 Unpaid Principal Balance Estimated Fair Value (dollars in thousands) Real estate - commercial mortgage $ 1,016,045 $ 939,966 Commercial and industrial 140,765 123,093 Real-estate - residential mortgage 428,399 389,599 Real-estate - home equity 35,980 33,285 Real-estate - construction 66,970 66,091 Consumer 12 12 Total acquired loans $ 1,688,171 $ 1,552,046 The following table summarizes PCD Loans: April 1, 2026 (dollars in thousands) Book balance of loans with deteriorated credit quality at acquisition $ 83,522 Fair value of loans with deteriorated credit quality at acquisition 72,785 Fair value discount 10,737 PCD loans credit discount (4,136) Non-credit discount $ 6,601 The Blue Foundry Merger resulted in the addition of $31.0 million to the ACL, including the $4.1 million identified with respect to PCD Loans. Intangible Assets: The Corporation recorded a $17.8 million CDI reflected in other assets that is being amortized over seven years using the sum-of-the-years digits method. The CDI estimated fair value was determined using the net cost savings method. The net cost savings method is defined as the difference between the cost of funds of core deposits and an alternative cost of funds for those deposits. The CDI estimated fair value was determined by projecting discounted net cash flows that included assumptions related to customer attrition rates, discount rates, deposit interest rates, deposit account maintenance costs and alternative cost of funding rates. FHLB stock: The Corporation acquired $14.5 million of FHLB stock. The estimated fair value of the FHLB stock approximated its book value. 14 Accrued interest receivable: The Corporation acquired $9.2 million accrued interest receivable. The fair value of the accrued interest receivable approximated its book value. Premises and equipment: The Corporation acquired $19.5 million of premises and equipment. The fair value was measured using comparative market analysis. Leases: The Corporation acquired a $20.4 million operating lease right-of-use asset reflected in other assets in the Consolidated Balance Sheet and a $22.7 million operating lease liability reflected in other liabilities. The fair value of the operating lease right-of-use asset is measured at the present value of the remaining lease payments adjusted for market terms. The fair value of the operating lease liability is measured at the present value of the remaining lease payments. Deferred tax assets: The Corporation acquired $57.2 million of deferred tax assets reflected in other assets. The deferred tax assets are deemed to be fully realizable. Deposits: Demand deposits, savings and money market deposits and time deposits were recorded at book value which approximated their fair value. The Corporation recorded $17.8 million of CDI in other assets for these core deposits. Borrowings: The Corporation assumed borrowings with a fair value of $276.0 million, which approximated their stated value because these were short-term advances. Acquisition-related expenses: The Corporation developed a comprehensive integration plan under which it incurred direct costs that are expensed as incurred. Costs related to the Blue Foundry Merger are included in acquisition-related expenses in the Consolidated Statements of Income. The following table details the costs incurred and classified as acquisition-related expenses: Three months ended Six months ended June 30, 2026 June 30, 2026 (dollars in thousands) Salaries and employee benefits $ 2,918 $ 2,918 Net occupancy 42 42 Professional fees 2,750 3,994 Charitable donation 1,500 1,500 Other 6,629 8,029 $ 13,839 $ 16,483 In connection with the Blue Foundry Merger, the Corporation made a $1.5 million donation to the Fulton Forward Foundation designated to be used to provide impact grants in support of nonprofit community organizations in New Jersey. The following table presents the change in goodwill during the period: Six months ended June 30, 2026 (dollars in thousands) Goodwill at December 31, 2025 $ 553,346 Goodwill from Blue Foundry Merger 13,949 Goodwill at June 30, 2026 $ 567,295 15 Unaudited Pro Forma Information: The following table summarizes the results of operations contributed by Blue Foundry Merger presented in the unaudited Consolidated Statements of Income: Three months ended June 30, 2026 (dollars in thousands) Total interest income $ 28,468 Total interest expense 11,006 Net interest income 17,462 Provision for credit losses (2,403) Net Interest Income After Provision for Credit Losses 19,865 Total non-interest income 314 Total non-interest expense 11,991 Income Before Income Taxes 8,188 Income taxes 2,318 Net Income $ 5,870 Unaudited Pro Forma Statements of Income The table below presents the pro forma results of the operations of the combined institutions (Blue Foundry and the Corporation) as if the Blue Foundry Merger occurred on January 1, 2025. The pro forma adjustments in the tables below are limited to the effects of fair value mark amortization and accretion and intangible asset amortization and do not consider future cost savings the Corporation expects to achieve from the Blue Foundry Merger. No additional acquisition-related expenses have been included in the pro forma results of operations. Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 (dollars in thousands) Net interest income $ 283,205 $ 271,060 $ 561,319 $ 538,207 Provision for credit losses 4,897 9,070 20,682 23,169 Net Interest Income After Provision for Credit Losses 278,308 261,990 540,637 515,038 Total non-interest income 79,306 69,553 149,671 137,179 Total non-interest expense 216,956 221,301 431,831 428,145 Income Before Income Taxes 140,658 110,242 258,477 224,072 Income tax expense 27,858 21,080 50,316 42,915 Net Income $ 112,800 $ 89,162 $ 208,161 $ 181,157 NOTE 3 – Restrictions on Cash and Cash Equivalents Cash collateral is posted by the Corporation with counterparties to secure derivatives and other contracts, which is included in "interest-bearing deposits with other banks" on the Consolidated Balance Sheets. The amounts of such collateral as of June 30, 2026 and December 31, 2025 were $14.9 million and $27.0 million, respectively. 16 NOTE 4 – Investment Securities The following table presents the amortized cost and estimated fair values of investment securities: June 30, 2026 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Available for Sale (dollars in thousands) State and municipal securities $ 931,962 $ 224 $ (116,231) $ 815,955 Corporate debt securities 210,070 1,596 (4,091) 207,575 Collateralized mortgage obligations 1,192,896 3,062 (11,639) 1,184,319 Residential mortgage-backed securities 786,030 3,351 (23,853) 765,528 Commercial mortgage-backed securities 679,928 — (92,255) 587,673 Total $ 3,800,886 $ 8,233 $ (248,069) $ 3,561,050 Held to Maturity Residential mortgage-backed securities $ 516,680 $ 2,936 $ (44,721) $ 474,895 Collateralized mortgage obligations 163,019 — (2,840) 160,179 Commercial mortgage-backed securities 882,010 — (123,346) 758,664 Total $ 1,561,709 $ 2,936 $ (170,907) $ 1,393,738 December 31, 2025 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Available for Sale (dollars in thousands) State and municipal securities $ 951,764 $ 326 $ (125,397) $ 826,693 Corporate debt securities 219,699 1,302 (6,080) 214,921 Collateralized mortgage obligations 1,034,548 12,758 (7,228) 1,040,078 Residential mortgage-backed securities 781,966 5,891 (21,140) 766,717 Commercial mortgage-backed securities 647,375 80 (88,005) 559,450 Total $ 3,635,352 $ 20,357 $ (247,850) $ 3,407,859 Held to Maturity Residential mortgage-backed securities $ 573,636 $ 4,978 $ (44,093) $ 534,521 Commercial mortgage-backed securities 852,249 — (119,192) 733,057 Total $ 1,425,885 $ 4,978 $ (163,285) $ 1,267,578 Investment securities carried at $322.8 million and $373.3 million at June 30, 2026 and December 31, 2025, respectively, were pledged as collateral to secure public and trust deposits. 17 The amortized cost and estimated fair values of debt securities as of June 30, 2026, by contractual maturity, are shown in the following table. Actual maturities may differ from contractual maturities because issuers may have the right to call, or borrowers may have the right to prepay, with or without call or prepayment penalties. June 30, 2026 Available for Sale Held to Maturity Amortized Cost Estimated Fair Value Amortized Cost Estimated Fair Value (dollars in thousands) Due in one year or less $ 6,530 $ 6,486 $ — $ — Due from one year to five years 88,012 87,206 — — Due from five years to ten years 221,810 219,079 — — Due after ten years 825,680 710,759 — — 1,142,032 1,023,530 — — Residential mortgage-backed securities(1) 786,030 765,528 516,680 474,895 Commercial mortgage-backed securities(1) 679,928 587,673 882,010 758,664 Collateralized mortgage obligations(1) 1,192,896 1,184,319 163,019 160,179 Total $ 3,800,886 $ 3,561,050 $ 1,561,709 $ 1,393,738 (1) Maturities for mortgage-backed securities and collateralized mortgage obligations are dependent upon the interest rate environment and prepayments on the underlying loans. The following table presents information related to gross realized gains and losses on the sales of securities for the periods presented: Gross Realized Gains Gross Realized Losses Net Gains (Losses) Three months ended (dollars in thousands) June 30, 2026 $ — $ — $ — June 30, 2025 — — — Six months ended June 30, 2026 $ — $ — $ — June 30, 2025 663 (665) (2) 18 The following tables present the gross unrealized losses and estimated fair values of investments aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position: June 30, 2026 Less than 12 months 12 months or longer Total Number of Securities Estimated Fair Value Unrealized Losses Number of Securities Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Available for Sale (dollars in thousands) State and municipal securities 28 $ 60,146 $ (597) 252 $ 729,402 $ (115,634) $ 789,548 $ (116,231) Corporate debt securities 9 47,846 (301) 16 106,943 (3,790) 154,789 (4,091) Collateralized mortgage obligations 25 495,539 (3,998) 68 67,346 (7,641) 562,885 (11,639) Residential mortgage-backed securities 25 252,623 (1,755) 71 184,811 (22,098) 437,434 (23,853) Commercial mortgage-backed securities 11 140,048 (2,137) 128 447,625 (90,118) 587,673 (92,255) Total available for sale 98 $ 996,202 $ (8,788) 535 $ 1,536,127 $ (239,281) $ 2,532,329 $ (248,069) Held to Maturity Residential mortgage-backed securities 4 $ 34,560 $ (290) 118 $ 240,575 $ (44,431) $ 275,135 $ (44,721) Collateralized mortgage obligations 4 160,179 (2,840) — — — 160,179 (2,840) Commercial mortgage-backed securities 1 33,962 (890) 60 724,702 (122,456) 758,664 (123,346) Total held to maturity 9 $ 228,701 $ (4,020) 178 $ 965,277 $ (166,887) $ 1,193,978 $ (170,907) December 31, 2025 Less than 12 months 12 months or longer Total Number of Securities Estimated Fair Value Unrealized Losses Number of Securities Estimated Fair Value Unrealized Losses Estimated Fair Value Unrealized Losses Available for Sale (dollars in thousands) State and municipal securities 3 $ 10,532 $ (127) 277 $ 776,597 $ (125,270) $ 787,129 $ (125,397) Corporate debt securities 5 22,911 (329) 21 145,563 (5,751) 168,474 (6,080) Collateralized mortgage obligations 1 19,806 (128) 72 74,446 (7,100) 94,252 (7,228) Residential mortgage-backed securities 3 34,766 (97) 75 240,422 (21,043) 275,188 (21,140) Commercial mortgage-backed securities 4 51,600 (155) 131 493,235 (87,850) 544,835 (88,005) Total available for sale 16 $ 139,615 $ (836) 576 $ 1,730,263 $ (247,014) $ 1,869,878 $ (247,850) Held to Maturity Residential mortgage-backed securities — $ — $ — 120 $ 275,497 $ (44,093) $ 275,497 $ (44,093) Commercial mortgage-backed securities — — — 60 733,057 (119,192) 733,057 (119,192) Total held to maturity — $ — $ — 180 $ 1,008,554 $ (163,285) $ 1,008,554 $ (163,285) The Corporation's collateralized mortgage obligations, residential mortgage-backed securities and commercial mortgage-backed securities have contractual terms that generally do not permit the issuer to settle the securities at a price less than the amortized cost of the investment. The change in fair value of these securities is attributable to changes in interest rates and not credit quality. In addition, these securities have principal payments that are guaranteed by GSEs. Therefore, the Corporation did not record an ACL for these securities as of June 30, 2026 and December 31, 2025. The Corporation does not have the intent to sell, and does not believe it will more likely than not be required to sell, any of these securities prior to a recovery of their fair value to amortized cost. Based on the payment status and management's evaluation of the Corporation's state and municipal securities, no ACL was required for these securities as of June 30, 2026 and December 31, 2025. The Corporation does not have the intent to sell, and does not believe it will more likely than not be required to sell, any of these securities prior to a recovery of their fair value to amortized cost, which may be at maturity. 19 The majority of the corporate debt securities were rated at or above investment grade as of June 30, 2026 and December 31, 2025. Based on the payment status, rating and management's evaluation of these securities, no ACL was required for corporate debt securities as of June 30, 2026 and December 31, 2025. The Corporation does not have the intent to sell, and does not believe it will more likely than not to be required to sell, any of these securities prior to a recovery of their fair value to amortized cost, which may be at maturity. NOTE 5 - Loans and Allowance for Credit Losses Loans and leases, net of unearned income Loans and leases, net of unearned income, are summarized as follows: June 30, 2026 December 31, 2025 (dollars in thousands) Real estate - commercial mortgage $ 10,914,813 $ 9,820,944 Commercial and industrial 4,559,732 4,539,060 Real estate - residential mortgage 7,250,949 6,669,993 Real estate - home equity 1,336,068 1,242,831 Real estate - construction 946,654 970,298 Consumer 570,093 564,349 Leases and other loans(1) 355,984 337,409 Net loans $ 25,934,293 $ 24,144,884 (1) Includes unearned income of $40.8 million and $36.8 million as of June 30, 2026 and December 31, 2025, respectively. Allowance for Credit Losses The ACL consists of reserves against loans that have been evaluated collectively and individually for expected credit losses. The ACL represents an estimate of expected credit losses over the expected life of the loans as of the balance sheet date and is recorded as a reduction to net loans. The ACL is increased by charges to expense, through the provision for credit losses, and decreased by charge-offs, net of recoveries. The reserve for OBS credit exposures includes estimated losses on unfunded loan commitments, letters of credit and other OBS credit exposures. The following table summarizes the ACL - loans balance and the reserve for OBS credit exposures balance: June 30, 2026 December 31, 2025 (dollars in thousands) ACL - loans $ 382,580 $ 364,462 Reserve for OBS credit exposures(1) $ 13,515 $ 14,972 (1) Included in other liabilities on the Consolidated Balance Sheets. The following table presents the activity in the ACL - loans balances: Three months ended June 30, Six months ended June 30, 2026 2025 2026 2025 (dollars in thousands) Balance at beginning of period $ 367,489 $ 379,677 $ 364,462 379,156 Initial allowance for credit losses on purchased loans 30,993 — 34,344 — Loans charged off (26,010) (15,916) (44,328) (35,950) Recoveries of loans previously charged off 3,994 4,202 7,404 11,645 Net loans (charged off) recovered (22,016) (11,714) (36,924) (24,305) Provision for credit losses(1) (2) 6,308 9,374 20,892 22,486 Other $ (194) $ — $ (194) $ — Balance at end of period $ 382,580 $ 377,337 $ 382,580 $ 377,337 Provision for OBS credit exposures(1) $ (1,411) $ (767) $ (1,553) $ 19 Reserve for OBS credit exposures $ 13,515 $ 14,180 $ 13,515 $ 14,180 (1) The sum of these amounts is reflected in the provision for credit losses in the Consolidated Statements of Income. (2) Provision only includes the portion related to net loans. The following table presents the activity in the ACL by portfolio segment: Real Estate - Commercial Mortgage Commercial and Industrial Real Estate -Residential Mortgage Consumer and Real Estate - Home Equity Real Estate - Construction Leases and other loans Total (dollars in thousands) Three months ended June 30, 2026 Balance at March 31, 2026 $ 159,042 $ 78,978 $ 89,860 $ 24,194 $ 9,353 $ 6,062 $ 367,489 Initial allowance for credit losses on purchased loans 19,993 5,622 4,915 288 175 — 30,993 Loans charged off (10,789) (12,015) (121) (2,119) — (966) (26,010) Recoveries of loans previously charged off 1,629 1,280 197 484 — 404 3,994 Net loans (charged off) recovered (9,160) (10,735) 76 (1,635) — (562) (22,016) Provision for loan losses(1) (2) (1,641) 3,006 729 3,077 630 507 6,308 Other — (194) — — — — (194) Balance at June 30, 2026 $ 168,234 $ 76,677 $ 95,580 $ 25,924 $ 10,158 $ 6,007 $ 382,580 Three months ended June 30, 2025 Balance at March 31, 2025 $ 162,146 $ 96,851 $ 82,416 $ 19,294 $ 15,900 $ 3,070 $ 379,677 Loans charged off (6,402) (5,780) (258) (1,885) (100) (1,491) (15,916) Recoveries of loans previously charged off 133 2,628 203 899 99 240 4,202 Net loans (charged off) recovered (6,269) (3,152) (55) (986) (1) (1,251) (11,714) Provision for loan and lease losses(1) (2) (2,494) 3,821 (5) 1,173 4,837 2,042 9,374 Balance at June 30, 2025 $ 153,383 $ 97,520 $ 82,356 $ 19,481 $ 20,736 $ 3,861 $ 377,337 Six months ended June 30, 2026 Balance at December 31, 2025 $ 157,302 $ 77,740 $ 88,961 $ 23,026 $ 10,896 $ 6,537 $ 364,462 Initial allowance for credit losses on purchased loans 22,771 6,116 4,915 288 254 — 34,344 Loans charged off (14,891) (22,560) (512) (4,284) — (2,081) (44,328) Recoveries of loans previously charged off 2,330 2,020 268 1,068 884 834 7,404 Net loans (charged off) recovered (12,561) (20,540) (244) (3,216) 884 (1,247) (36,924) Provision for loan losses(1) (2) 722 13,555 1,948 5,826 (1,876) 717 20,892 Other — (194) — — — — (194) Balance at June 30, 2026 $ 168,234 $ 76,677 $ 95,580 $ 25,924 $ 10,158 $ 6,007 $ 382,580 Six months ended June 30, 2025 Balance at December 31, 2024 $ 158,181 $ 92,212 $ 81,331 $ 19,397 $ 25,140 $ 2,895 $ 379,156 Loans charged off (18,508) (9,645) (601) (4,078) (100) (3,018) (35,950) Recoveries of loans previously charged off 507 8,580 377 1,559 181 441 11,645 Net loans (charged off) recovered (18,001) (1,065) (224) (2,519) 81 (2,577) (24,305) Provision for loan losses(1)(2) 13,203 6,373 1,249 2,603 (4,485) 3,543 22,486 Balance at June 30, 2025 $ 153,383 $ 97,520 $ 82,356 $ 19,481 $ 20,736 $ 3,861 $ 377,337 (1) These amounts are reflected in the provision for credit loss in the Consolidated Statements of Income. (2) Provision included in the table only includes the portion related to net loans. The ACL may include qualitative adjustments intended to capture the impact of uncertainties not reflected in the quantitative models. In determining qualitative adjustments, management considers changes in national, regional, and local economic and business conditions and their impact on the lending environment, including underwriting standards and other factors affecting credit losses over the remaining life of each loan. Collateral-Dependent Loans A loan or a lease is considered to be collateral-dependent when the debtor is experiencing financial difficulty and repayment is expected to be provided substantially through the sale or operation of the collateral. For all classes of loans and leases deemed collateral-dependent, the Corporation elected the practical expedient to estimate expected credit losses based on the collateral’s fair value less cost to sell. Substantially all of the collateral supporting collateral-dependent loans or leases consists of various types of real estate, including residential properties, commercial properties, such as retail centers, office buildings and lodging, agricultural land and vacant land. Commercial and industrial loans may also be secured by real estate. All loans individually evaluated for impairment are measured for losses on a quarterly basis. As of June 30, 2026 and December 31, 2025, substantially all of the Corporation's individually evaluated loans with total commitments greater than or equal to $1.0 million were measured based on the estimated fair value of each loan’s collateral, if any. As of June 30, 2026 and December 31, 2025, approximately 94% and 88%, respectively, of loans evaluated individually for impairment with principal balances greater than or equal to $1.0 million, whose primary collateral consisted of real estate, were measured at estimated fair value using appraisals performed by state certified third-party appraisers that had been updated in the preceding 12 months, or actual fair value based on active fully-executed letters of intent to purchase or agreements of sale. Non-accrual Loans The following table presents total non-accrual loans, by class segment: June 30, 2026 December 31, 2025 With a Related Allowance Without a Related Allowance Total With a Related Allowance Without a Related Allowance Total (dollars in thousands) Real estate - commercial mortgage $ 27,018 $ 36,921 $ 63,939 $ 27,437 $ 44,613 $ 72,050 Commercial and industrial 18,331 21,037 39,368 19,822 24,281 44,103 Real estate - residential mortgage 28,092 5,383 33,475 25,423 2,328 27,751 Real estate - home equity 8,096 — 8,096 7,126 — 7,126 Real estate - construction 1,559 — 1,559 1,661 — 1,661 Consumer 2 — 2 3 — 3 Leases and other loans 18 — 18 32 1,146 1,178 Total $ 83,116 $ 63,341 $ 146,457 $ 81,504 $ 72,368 $ 153,872 As of June 30, 2026 and December 31, 2025, there were $63.3 million and $72.4 million, respectively, of non-accrual loans that did not have a specific valuation allowance within the ACL. The estimated fair values of the collateral securing these loans exceeded their carrying amount, or the loans were previously charged down to realizable collateral values. Accordingly, no specific valuation allowance was considered to be necessary. Asset Quality Maintaining an appropriate ACL is dependent on various factors, including the ability to identify potential problem loans in a timely manner. For commercial construction loans, commercial and industrial loans, commercial real estate loans and leases and other loans, an internal risk rating process is used. The Corporation believes that internal risk ratings are the most relevant credit quality indicator for these types of loans. The migration of loans through the various internal risk categories is a significant component of the ACL methodology for these loans, which bases the PD on this migration. Assigning risk ratings involves judgment. The Corporation's independent loan review function provides a separate assessment of risk rating accuracy. Risk ratings may be changed based on the ongoing monitoring procedures performed by loan officers or credit administration staff or if specific loan review assessments identify a deterioration or an improvement in a loan. The following table summarizes designated internal risk rating categories by portfolio segment and loan class, by origination year, in the current period: June 30, 2026 (dollars in thousands) Term Loans Amortized Cost Basis by Origination Year Revolving Loans Revolving Loans converted to Term Loans Amortized Amortized 2026 2025 2024 2023 2022 Prior Cost Basis Cost Basis Total Real estate - commercial mortgage Pass $ 639,314 $ 928,088 $ 844,822 $ 1,175,511 $ 1,452,504 $ 4,918,281 $ 105,453 $ — $ 10,063,973 Special Mention 448 24,232 13,366 50,192 94,565 225,896 1,533 — 410,232 Substandard or Lower — 18,308 20,261 36,831 83,307 281,280 621 — 440,608 Total real estate - commercial mortgage 639,762 970,628 878,449 1,262,534 1,630,376 5,425,457 107,607 — 10,914,813 Real estate - commercial mortgage Current period gross charge-offs — (4,462) (2,570) (2,507) (3,658) (1,694) — — (14,891) Commercial and industrial Pass 389,029 501,315 297,823 296,547 428,364 876,339 1,393,474 482 4,183,373 Special Mention 555 22,114 11,439 14,577 9,043 50,400 55,097 — 163,225 Substandard or Lower 320 9,724 9,893 13,064 17,477 70,990 86,136 5,530 213,134 Total commercial and industrial 389,904 533,153 319,155 324,188 454,884 997,729 1,534,707 6,012 4,559,732 Commercial and industrial Current period gross charge-offs — (110) (83) (2,034) (600) (3,239) (16,494) — (22,560) Real estate - construction(1) Pass 50,892 168,488 189,814 124,234 8,351 60,110 52,298 800 654,987 Special Mention — — 5,959 — 3,992 — 1,292 7,452 18,695 Substandard or Lower — — — 678 7,696 372 — — 8,746 Total real estate - construction 50,892 168,488 195,773 124,912 20,039 60,482 53,590 8,252 682,428 Real estate - construction(1) Current period gross charge-offs — — — — — — — — — Leases and other loans Pass 117,483 102,099 31,058 59,835 25,023 10,890 — — 346,388 Special Mention — 204 346 713 981 539 — — 2,783 Substandard or Lower — 609 2,554 1,741 1,614 295 — — 6,813 Total leases and other loans 117,483 102,912 33,958 62,289 27,618 11,724 — — 355,984 Leases and other loans Current period gross charge-offs (370) (652) (186) (124) (162) (587) — — (2,081) Total Pass 1,196,718 1,699,990 1,363,517 1,656,127 1,914,242 5,865,620 1,551,225 1,282 15,248,721 Special Mention 1,003 46,550 31,110 65,482 108,581 276,835 57,922 7,452 594,935 Substandard or Lower 320 28,641 32,708 52,314 110,094 352,937 86,757 5,530 669,301 Total $ 1,198,041 $ 1,775,181 $ 1,427,335 $ 1,773,923 $ 2,132,917 $ 6,495,392 $ 1,695,904 $ 14,264 $ 16,512,957 (1) Excludes non-commercial real estate - construction. Total criticized and classified loans at June 30, 2026 decreased $193.2 million, or 13.3%, compared to December 31, 2025. Total criticized and classified loans at June 30, 2026 included $52.0 million acquired in the Blue Foundry Merger. For a description of the Corporation's internal risk rating categories, see "Note 1 - Summary of Significant Accounting Policies" under the heading "Allowance for Credit Losses" in the Corporation's Annual Report on Form 10-K for the year ended December 31, 2025. The following table summarizes designated internal risk rating categories by portfolio segment and loan class, by origination year, in the prior period: December 31, 2025 (dollars in thousands) Term Loans Amortized Cost Basis by Origination Year Revolving Loans Revolving Loans converted to Term Loans Amortized Amortized 2025 2024 2023 2022 2021 Prior Cost Basis Cost Basis Total Real estate - commercial mortgage Pass $ 885,851 $ 769,334 $ 1,120,033 $ 1,127,104 $ 1,185,319 $ 3,712,279 $ 76,848 $ — $ 8,876,768 Special Mention 9,425 19,207 42,649 52,546 116,763 171,308 787 — 412,685 Substandard or Lower 2,346 15,154 90,747 111,135 108,871 202,185 1,053 — 531,491 Total real estate - commercial mortgage 897,622 803,695 1,253,429 1,290,785 1,410,953 4,085,772 78,688 — 9,820,944 Real estate - commercial mortgage Current period gross charge-offs — — (1,315) (20,232) (7,990) (6,981) — — (36,518) Commercial and industrial Pass 559,804 340,662 351,330 449,474 205,593 766,308 1,398,989 3,092 4,075,252 Special Mention 11,490 12,287 18,377 12,305 4,354 52,719 101,311 7,179 220,022 Substandard or Lower 1,843 10,114 21,089 19,238 8,898 73,671 104,498 4,435 243,786 Total commercial and industrial 573,137 363,063 390,796 481,017 218,845 892,698 1,604,798 14,706 4,539,060 Commercial and industrial Current period gross charge-offs (75) (3,317) (4,822) (4,936) (2,410) (4,449) (778) — (20,787) Real estate - construction(1) Pass 100,320 236,045 190,065 40,427 24,082 46,156 50,902 — 687,997 Special Mention 555 1,196 — 21,286 3,381 2,750 1,248 — 30,416 Substandard or Lower — — 916 7,718 256 243 9 — 9,142 Total real estate - construction 100,875 237,241 190,981 69,431 27,719 49,149 52,159 — 727,555 Real estate - construction(1) Current period gross charge-offs — — — (5,286) — (100) — — (5,386) Leases and other loans Pass 174,718 35,955 70,152 29,832 8,185 8,665 — — 327,507 Special Mention 432 459 430 1,305 460 329 — — 3,415 Substandard or Lower 185 2,080 955 3,034 196 37 — — 6,487 Total leases and other loans 175,335 38,494 71,537 34,171 8,841 9,031 — — 337,409 Leases and other loans Current period gross charge-offs (2,092) (1,153) (506) (289) (244) (1,353) — — (5,637) Total Pass 1,720,693 1,381,996 1,731,580 1,646,837 1,423,179 4,533,408 1,526,739 3,092 13,967,524 Special Mention 21,902 33,149 61,456 87,442 124,958 227,106 103,346 7,179 666,538 Substandard or Lower 4,374 27,348 113,707 141,125 118,221 276,136 105,560 4,435 790,906 Total $ 1,746,969 $ 1,442,493 $ 1,906,743 $ 1,875,404 $ 1,666,358 $ 5,036,650 $ 1,735,645 $ 14,706 $ 15,424,968 (1) Excludes non-commercial real estate - construction. The Corporation considers the performance of the loan portfolio and its impact on the ACL. The Corporation does not assign internal risk ratings to smaller balance, homogeneous loans, such as home equity loans, residential mortgage loans, construction loans to individuals secured by residential real estate and consumer loans. For these loans, the most relevant credit quality indicator is delinquency status and the Corporation evaluates credit quality based on the aging status of the loan. The following tables present the amortized cost of these loans based on payment activity, by origination year, for the periods shown: June 30, 2026 (dollars in thousands) Term Loans Amortized Cost Basis by Origination Year Revolving Loans Revolving Loans converted to Term Loans Amortized Amortized 2026 2025 2024 2023 2022 Prior Cost Basis Cost Basis Total Real estate - residential mortgage Performing $ 434,141 $ 813,038 $ 520,259 $ 629,623 $ 1,424,812 $ 3,367,480 $ 4,774 $ — $ 7,194,127 Non-performing — 1,517 1,270 1,964 12,567 39,504 — — 56,822 Total real estate - residential mortgage 434,141 814,555 521,529 631,587 1,437,379 3,406,984 4,774 — 7,250,949 Real estate - residential mortgage Current period gross charge-offs — — (91) (84) (209) (128) — — (512) Consumer and real estate - home equity Performing 297,928 12,038 22,235 60,532 116,115 239,740 1,123,955 21,232 1,893,775 Non-performing 9 143 586 270 1,330 5,555 2,210 2,283 12,386 Total consumer and real estate - home equity 297,937 12,181 22,821 60,802 117,445 245,295 1,126,165 23,515 1,906,161 Consumer and real estate - home equity Current period gross charge-offs (5) (235) (252) (382) (367) (2,712) (331) — (4,284) Construction - residential Performing 76,416 153,931 26,735 959 203 — — — 258,244 Non-performing — — 4,576 — 1,406 — — — 5,982 Total construction - residential 76,416 153,931 31,311 959 1,609 — — — 264,226 Construction - residential Current period gross charge-offs — — — — — — — — — Total Performing 808,485 979,007 569,229 691,114 1,541,130 3,607,220 1,128,729 21,232 9,346,146 Non-performing 9 1,660 6,432 2,234 15,303 45,059 2,210 2,283 75,190 Total $ 808,494 $ 980,667 $ 575,661 $ 693,348 $ 1,556,433 $ 3,652,279 $ 1,130,939 $ 23,515 $ 9,421,336 December 31, 2025 (dollars in thousands) Term Loans Amortized Cost Basis by Origination Year Revolving Loans Revolving Loans converted to Term Loans Amortized Amortized 2025 2024 2023 2022 2021 Prior Cost Basis Cost Basis Total Real estate - residential mortgage Performing $ 724,505 $ 536,668 $ 662,479 $ 1,412,885 $ 1,603,854 $ 1,684,033 $ — $ — $ 6,624,424 Non-performing 134 645 2,102 9,752 4,961 27,975 — — 45,569 Total real estate - residential mortgage 724,639 537,313 664,581 1,422,637 1,608,815 1,712,008 — — 6,669,993 Real estate - residential mortgage Current period gross charge-offs — (19) (201) (294) (161) (378) — — (1,053) Consumer and real estate - home equity Performing 231,952 23,963 74,129 140,759 43,561 201,571 1,042,448 36,924 1,795,307 Non-performing 97 84 143 409 568 4,992 2,497 3,083 11,873 Total consumer and real estate - home equity 232,049 24,047 74,272 141,168 44,129 206,563 1,044,945 40,007 1,807,180 Consumer and real estate - home equity Current period gross charge-offs (215) (262) (998) (1,556) (708) (4,505) (573) — (8,817) Construction - residential Performing 164,473 72,583 1,395 2,280 — — — — 240,731 Non-performing — 606 — 1,406 — — — — 2,012 Total construction - residential 164,473 73,189 1,395 3,686 — — — — 242,743 Construction - residential Current period gross charge-offs — — — — — — — — — Total Performing 1,120,930 633,214 738,003 1,555,924 1,647,415 1,885,604 1,042,448 36,924 8,660,462 Non-performing 231 1,335 2,245 11,567 5,529 32,967 2,497 3,083 59,454 Total $ 1,121,161 $ 634,549 $ 740,248 $ 1,567,491 $ 1,652,944 $ 1,918,571 $ 1,044,945 $ 40,007 $ 8,719,916 The following table presents non-performing assets: June 30, 2026 December 31, 2025 (dollars in thousands) Non-accrual loans $ 146,457 $ 153,872 Loans 90 days or more past due and still accruing 34,815 29,924 Total non-performing loans 181,272 183,796 OREO(1) 5,791 1,365 Total non-performing assets $ 187,063 $ 185,161 (1) Excludes $20.7 million and $19.1 million of residential mortgage properties for which formal foreclosure proceedings were in process as of June 30, 2026 and December 31, 2025, respectively. The following tables present the aging of the amortized cost basis of loans, by class segment: 30-59 Days Past Due 60-89 Days Past Due ≥ 90 Days Past Due and Accruing Non- accrual Current Total (dollars in thousands) June 30, 2026 Real estate - commercial mortgage $ 24,594 $ 4,588 $ 2,506 $ 63,939 $ 10,819,186 $ 10,914,813 Commercial and industrial 6,157 3,950 98 39,368 4,510,159 4,559,732 Real estate - residential mortgage 48,760 6,294 23,346 33,475 7,139,074 7,250,949 Real estate - home equity 8,475 1,465 3,577 8,096 1,314,455 1,336,068 Real estate - construction 5,200 1,977 4,576 1,559 933,342 946,654 Consumer 4,776 1,574 712 2 563,029 570,093 Leases and other loans(1) 137 296 — 18 355,533 355,984 Total $ 98,099 $ 20,144 $ 34,815 $ 146,457 $ 25,634,778 $ 25,934,293 (1) Includes unearned income. 30-59 Days Past Due 60-89 Days Past Due ≥ 90 Days Past Due and Accruing Non- accrual Current Total (dollars in thousands) December 31, 2025 Real estate - commercial mortgage $ 19,762 $ 17,757 $ 2,931 $ 72,050 $ 9,708,444 $ 9,820,944 Commercial and industrial 5,023 4,563 3,653 44,103 4,481,718 4,539,060 Real estate - residential mortgage 48,246 7,912 17,818 27,751 6,568,266 6,669,993 Real estate - home equity 15,646 1,417 3,958 7,126 1,214,684 1,242,831 Real estate - construction 3,698 2,555 606 1,661 961,778 970,298 Consumer 6,334 1,604 788 3 555,620 564,349 Leases and other loans(1) 160 193 170 1,178 335,708 337,409 Total $ 98,869 $ 36,001 $ 29,924 $ 153,872 $ 23,826,218 $ 24,144,884 (1) Includes unearned income. Loan Modifications to Borrowers Experiencing Financial Difficulty The Corporation modifies loans by providing a concession when deemed appropriate. Depending on the circumstances, a term extension, interest rate reduction or principal forgiveness may be granted. In certain instances, a combination of concessions may be provided to a borrower. When principal forgiveness is provided, the amount of principal forgiven is deemed to be uncollectible and the amortized cost basis of the loan is reduced by the amount of the forgiven portion, with a corresponding reduction to the ACL. The following table presents the amortized cost basis of the loans modified to borrowers experiencing financial difficulty, disaggregated by class of financing receivable and type of concession granted: Term Extension 2026 2025 Amortized Cost Basis % of Class of Financing Receivable Amortized Cost Basis % of Class of Financing Receivable (dollars in thousands) Three months ended June 30, Real estate - commercial mortgage $ 6,529 0.06 % $ 29,085 0.30 % Commercial and industrial 5,009 0.11 18,267 0.40 Real estate - residential mortgage 2,698 0.04 1,677 0.03 Real estate - home equity — — 41 — Real estate - construction — — 20,769 1.80 Total $ 14,236 $ 69,839 Six months ended June 30, Real estate - commercial mortgage $ 6,529 0.06 % $ 29,196 0.30 % Commercial and industrial 6,173 0.14 21,964 0.48 Real estate - residential mortgage 4,916 0.07 4,085 0.06 Real estate - home equity — — 352 0.03 Real estate - construction — — 20,769 1.80 Total $ 17,618 $ 76,366 Interest Rate Reduction 2026 2025 Amortized Cost Basis % of Class of Financing Receivable Amortized Cost Basis % of Class of Financing Receivable (dollars in thousands) Three months ended June 30, Real estate - residential mortgage $ 586 0.01 % $ — — % Six months ended June 30, Real estate - residential mortgage $ 1,148 0.02 % $ — — % Interest Rate Reduction and Term Extension 2026 2025 Amortized Cost Basis % of Class of Financing Receivable Amortized Cost Basis % of Class of Financing Receivable (dollars in thousands) Three months ended June 30, Real estate - residential mortgage $ 4,290 0.06 % $ 601 0.01 % Six months ended June 30, Real estate - residential mortgage $ 5,891 0.08 % $ 2,027 0.03 % The following table presents the financial effect of the modifications made to borrowers experiencing financial difficulty: Term Extension Financial Effect Three months ended June 30, 2026 Real estate - commercial mortgage Added a weighted-average 0.77 years to the life of loans, which reduced monthly payment amounts for the borrowers. Commercial and industrial Added a weighted-average 0.75 years to the life of loans, which reduced monthly payment amounts for the borrowers. Real estate - residential mortgage Added a weighted-average 8.52 years to the life of loans, which reduced monthly payment amounts for the borrowers. Three months ended June 30, 2025 Real estate - commercial mortgage Added a weighted-average 0.68 years to the life of loans, which reduced monthly payment amounts for the borrowers. Commercial and industrial Added a weighted-average 0.74 years to the life of loans, which reduced monthly payment amounts for the borrowers. Real estate - residential mortgage Added a weighted-average 8.15 years to the life of loans, which reduced monthly payment amounts for the borrowers. Real estate - home equity Added a weighted-average 21.75 years to the life of loans, which reduced monthly payment amounts for the borrowers. Real estate - construction Added a weighted-average 0.89 years to the life of loans, which reduced monthly payment amounts for the borrowers. Six months ended June 30, 2026 Real estate - commercial mortgage Added a weighted-average 0.77 years to the life of loans, which reduced monthly payment amounts for the borrowers. Commercial and industrial Added a weighted-average 0.80 years to the life of loans, which reduced monthly payment amounts for the borrowers. Real estate - residential mortgage Added a weighted-average 7.85 years to the life of loans, which reduced monthly payment amounts for the borrowers. Six months ended June 30, 2025 Real estate - commercial mortgage Added a weighted-average 0.69 years to the life of loans, which reduced monthly payment amounts for the borrowers. Commercial and industrial Added a weighted-average 0.77 years to the life of loans, which reduced monthly payment amounts for the borrowers. Real estate - residential mortgage Added a weighted-average 8.55 years to the life of loans, which reduced monthly payment amounts for the borrowers. Real estate - home equity Added a weighted-average 13.22 years to the life of loans, which reduced monthly payment amounts for the borrowers. Real estate - construction Added a weighted-average 0.89 years to the life of loans, which reduced monthly payment amounts for the borrowers. Interest Rate Reduction Financial Effect Three months ended June 30, 2026 Real estate - residential mortgage Reduced weighted-average interest rate from 5.37% to 3.40% Three months ended June 30, 2025 Real estate - residential mortgage Reduced weighted-average interest rate from 4.68% to 3.25% Six months ended June 30, 2026 Real estate - residential mortgage Reduced weighted-average interest rate from 4.70% to 2.83% Six months ended June 30, 2025 Real estate - residential mortgage Reduced weighted-average interest rate from 4.38% to 2.55% During the three and six months ended June 30, 2026 and 2025, there were no loans modified due to financial difficulty where there was a principal balance forgiveness. The following table presents the performance of loans that have been modified due to financial difficulty in the previous 12 months: 30-89 90+ Total Days Past Past Due Non- Past Current Due and Accruing Accrual Due June 30, 2026 (dollars in thousands) Real estate - commercial mortgage $ 67,704 $ 342 $ 897 $ 1,064 $ 2,303 Commercial and industrial 9,847 586 — 4,552 5,138 Real estate - residential mortgage 5,345 4,362 686 4,206 9,254 Real estate - home equity — — 36 — 36 Real estate - construction 2,750 — — — — Total $ 85,646 $ 5,290 $ 1,619 $ 9,822 $ 16,731 There were no commitments to lend additional funds to borrowers with loan modifications as a result of financial difficulty as of June 30, 2026. 20 NOTE 6 – Mortgage Servicing Rights The following table summarizes the changes in MSRs, which are included in other assets on the Consolidated Balance Sheets, with adjustments to the carrying value included in mortgage banking income on the Consolidated Statements of Income: Three months ended June 30, Six months ended June 30, 2026 2025 2026 2025 (dollars in thousands) Amortized cost: Balance at beginning of period $ 30,168 $ 30,298 $ 29,734 $ 30,691 Originations of MSRs 1,183 924 2,727 1,625 Amortization (1,075) (1,089) (2,185) (2,183) Balance at end of period $ 30,276 $ 30,133 $ 30,276 $ 30,133 Estimated fair value of MSRs at end of period $ 54,639 $ 51,629 $ 54,639 $ 51,629 MSRs represent the economic value of contractual rights to service mortgage loans that have been sold. The total portfolio of mortgage loans serviced by the Corporation for unrelated third parties was $4.0 billion as of June 30, 2026 and December 31, 2025. Actual and expected prepayments of the underlying mortgage loans can impact the fair values of the MSRs. The Corporation accounts for MSRs at the lower of amortized cost or fair value. The fair value of MSRs is estimated by discounting the estimated cash flows from servicing income, net of expense, over the expected life of the underlying loans at a discount rate commensurate with the risk associated with these assets. Expected life is based on the contractual terms of the loans, as adjusted for prepayment projections. The fair values of MSRs were $54.6 million and $49.9 million as of June 30, 2026 and December 31, 2025, respectively. Based on the Corporation's fair value analysis, it was determined that no valuation allowance was required as of June 30, 2026. NOTE 7 – Derivative Financial Instruments The Corporation uses derivatives to manage its exposure to certain market risks, including interest rate and foreign currency risks, and to assist customers with their risk management objectives. Certain of the Corporation's outstanding derivative contracts are designated as hedges, and none are entered into for speculative purposes. The Corporation enters into derivative contracts that are intended to economically hedge certain of its risks, even if hedge accounting does not apply or the Corporation elects not to apply hedge accounting. For additional information on our derivative accounting policies see "Note 1 - Summary of Significant Accounting Policies" under the heading "Derivative Financial Instruments" in our Annual Report on Form 10-K for the year ended December 31, 2025. 21 The following table presents a summary of the notional amounts and fair values of derivative financial instruments: June 30, 2026 December 31, 2025 Notional Amount Asset (Liability) Fair Value Notional Amount Asset (Liability) Fair Value (dollars in thousands) Interest Rate Locks with Customers Positive fair values $ 216,536 $ 974 $ 203,580 $ 563 Negative fair values 1,794 (18) 926 (6) Forward Commitments Positive fair values 78,401 49 — — Negative fair values — — 71,207 (156) Interest Rate Derivatives with Customers(1) Positive fair values 1,432,303 15,958 2,118,722 39,236 Negative fair values 3,540,011 (151,612) 2,747,758 (130,521) Interest Rate Derivatives with Dealer Counterparties Positive fair values 3,540,011 95,138 2,747,758 77,528 Negative fair values 1,432,303 (16,324) 2,118,722 (39,606) Interest Rate Derivatives used in Cash Flow Hedges Positive fair values 2,000,000 2,359 2,950,000 11,489 Negative fair values 1,050,000 (3,846) — — Foreign Exchange Contracts with Customers Positive fair values 11,532 242 1,239 8 Negative fair values 5,181 (269) 13,007 (714) Foreign Exchange Contracts with Correspondent Banks Positive fair values 8,993 378 14,424 883 Negative fair values 12,496 (218) 1,870 (6) (1) Fair values are net of a valuation allowance of $366 thousand as of June 30, 2026 and December 31, 2025. 22 The following table presents the effect of cash flow hedge accounting on AOCI: Amount of Gain (Loss) Recognized in OCI on Derivatives Amount of Gain (Loss) Recognized in OCI Included Component Amount of Gain (Loss) Recognized in OCI Excluded Component Location of Gain (Loss) Recognized from AOCI into Income Amount of Gain (Loss) Reclassified from AOCI into Income Amount of Gain (Loss) Reclassified from AOCI into Income Included Component Amount of Gain (Loss) Reclassified from AOCI into Income Excluded Component (dollars in thousands) Three months ended June 30, 2026 Interest Rate Products $ (6,910) $ (6,910) $ — Interest Income $ (628) $ (628) $ — Interest Rate Products — — — Interest Expense (201) (201) — Total $ (6,910) $ (6,910) $ — $ (829) $ (829) $ — Three months ended June 30, 2025 Interest Rate Products $ (285) $ (285) $ — Interest Income $ (5,048) $ (5,048) $ — Interest Rate Products 341 341 — Interest Expense (66) (66) — Total $ 56 $ 56 $ — $ (5,114) $ (5,114) $ — Six months ended June 30, 2026 Interest Rate Products $ (14,042) $ (14,042) $ — Interest Income $ (4,349) $ (4,349) $ — Interest Rate Products — — — Interest Expense (433) (433) — Total $ (14,042) $ (14,042) $ — $ (4,782) $ (4,782) $ — Six months ended June 30, 2025 Interest Rate Products $ 3,256 $ 3,256 $ — Interest Income $ (9,538) $ (9,538) $ — Interest Rate Products (919) (919) — Interest Expense (120) (120) — Total $ 2,337 $ 2,337 $ — $ (9,658) $ (9,658) $ — 23 The following table presents the effect of fair value and cash flow hedge accounting on the income statement: Consolidated Statements of Income Classification 2026 2025 Interest Income Interest Expense Interest Income Interest Expense (dollars in thousands) Three months ended June 30, Total amounts of income line items presented in the Consolidated Statements of Income in which the effects of fair value or cash flow hedges are recorded $ (628) $ (201) $ (5,048) $ (66) The effects of fair value and cash flow hedging: Amount of (loss) gain reclassified from AOCI into income (628) (201) (5,048) (66) Interest rate derivatives: Amount of (loss) gain reclassified from AOCI into income as a result of a forecasted transaction that is no longer probable of occurring — — — — Amount of (loss) gain reclassified from AOCI into income - included component (628) (201) (5,048) (66) Amount of (loss) gain reclassified from AOCI into income - excluded component — — — — Six months ended June 30, Total amounts of income line items presented in the Consolidated Statements of Income in which the effects of fair value or cash flow hedges are recorded $ (4,349) $ (433) $ (9,538) $ (120) The effects of fair value and cash flow hedging: Amount of (loss) gain reclassified from AOCI into income (4,349) (433) (9,538) (120) Interest rate derivatives: Amount of (loss) gain reclassified from AOCI into income as a result of a forecasted transaction that is no longer probable of occurring — — — — Amount of (loss) gain reclassified from AOCI into income - included component (4,349) (433) (9,538) (120) Amount of (loss) gain reclassified from AOCI into income - excluded component — — — — During the next twelve months, the Corporation estimates that an additional $8.0 million will be reclassified as a decrease to net interest income. 24 The following table presents the fair value gains (losses) on derivative financial instruments: Consolidated Statements of Income Classification Three months ended June 30, Six months ended June 30, 2026 2025 2026 2025 (dollars in thousands) Mortgage banking derivatives(1) Mortgage banking income $ (126) $ 181 $ 604 $ (134) Interest rate derivatives Other income — 9 (38) 131 Foreign exchange contracts Other income 148 31 (38) 142 Net fair value gains on derivative financial instruments $ 22 $ 221 $ 528 $ 139 (1) Includes interest rate locks with customers and forward commitments. The Corporation has elected to measure mortgage and commercial loans held for sale at fair value. The following table presents mortgage and commercial loans held for sale and the impact of the fair value election on the Consolidated Financial Statements: June 30, 2026 December 31, 2025 (dollars in thousands) Amortized cost(1) $ 33,349 $ 16,005 Fair value 33,902 16,316 (1) Cost basis of mortgage and commercial loans held for sale represents the unpaid principal balance. Gains related to changes in fair values of mortgage and commercial loans held for sale were $0.5 million for the three months ended June 30, 2026 compared to a gain of $0.2 million for the three months ended June 30, 2025. Gains related to changes in fair values of mortgage and commercial loans held for sale were $0.2 million for the six months ended June 30, 2026 compared to a gain of $0.3 million for the six months ended June 30, 2025. 25 Balance Sheet Offsetting The fair values of interest rate derivative agreements and foreign exchange contracts the Corporation enters into with customers and dealer counterparties may be eligible for offset on the Consolidated Balance Sheets if they are subject to master netting arrangements or similar agreements. The Corporation has elected to net its financial assets and liabilities designated as interest rate derivatives when offsetting is permitted. The following table presents the Corporation's financial instruments that are eligible for offset, and the effects of offsetting, on the Consolidated Balance Sheets: Gross Amounts Gross Amounts Not Offset Recognized on the Consolidated on the Balance Sheets Consolidated Financial Cash Net Balance Sheets Instruments(1) Collateral(2) Amount (dollars in thousands) June 30, 2026 Interest rate derivative assets $ 113,455 $ (17,475) $ — $ 95,980 Foreign exchange derivative assets with correspondent banks 378 (378) — — Total $ 113,833 $ (17,853) $ — $ 95,980 Interest rate derivative liabilities $ 171,782 $ (15,988) $ (64,506) $ 91,288 Foreign exchange derivative liabilities with correspondent banks 218 (378) — (160) Total $ 172,000 $ (16,366) $ (64,506) $ 91,128 December 31, 2025 Interest rate derivative assets $ 128,253 $ (18,829) $ — $ 109,424 Foreign exchange derivative assets with correspondent banks 883 (883) — — Total $ 129,136 $ (19,712) $ — $ 109,424 Interest rate derivative liabilities $ 170,127 $ (30,318) $ (54,200) $ 85,609 Foreign exchange derivative liabilities with correspondent banks 6 (883) — (877) Total $ 170,133 $ (31,201) $ (54,200) $ 84,732 (1) For interest rate derivative assets, amounts represent any derivative liability fair values that could be offset in the event of counterparty or customer default. For interest rate derivative liabilities, amounts represent any derivative asset fair values that could be offset in the event of counterparty or customer default. (2) Amounts represent cash collateral received from the counterparty or posted by the Corporation on interest rate derivative transactions and foreign exchange contracts with financial institution counterparties. Interest rate derivatives with customers are collateralized by the same collateral securing the underlying loans to those borrowers. Cash and securities collateral amounts are included in the table only to the extent of the net derivative fair values. NOTE 8 – Borrowings In May 2026, the Corporation issued $300.0 million of subordinated notes due May 15, 2036 with a fixed-to-floating rate of 5.95% and an effective rate of 6.27% due to issuance costs. The subordinated notes convert to a floating rate based on three-month term SOFR, plus 217 bps, on May 15, 2031. Net proceeds from the issuance, after underwriting discounts and offering expenses, were approximately $296.0 million. In June 2026, the Corporation used $195.0 million of these proceeds to redeem the Subordinated Notes due 2030. The issuance and redemption of these subordinated notes is reflected in senior debt and subordinated debt on the Consolidated Balance Sheets. The Corporation recognized debt extinguishment costs of $0.8 million in connection with the redemption of the Subordinated Notes due 2030, consisting of the write-off of unamortized capitalized debt issuance costs and professional fees. These debt extinguishment costs are included in other non-interest expense in the Consolidated Statement of Income. 26 NOTE 9 – Accumulated Other Comprehensive Income (Loss) The following table presents the components of OCI: Before-Tax Amount Tax Effect Net of Tax Amount (dollars in thousands) Three months ended June 30, 2026 Net unrealized gains on investment securities $ 16,022 $ (3,761) $ 12,261 Amortization of net unrealized gains on AFS investment securities transferred to HTM(1) 1,699 (399) 1,300 Net unrealized holding losses arising during the period on interest rate derivatives used in cash flow hedges (6,910) 1,782 (5,128) Reclassification adjustment for net change realized in net income on interest rate derivatives used in cash flow hedges 829 (355) 474 Amortization of net unrecognized pension and postretirement items(2) (118) 28 (90) Total Other Comprehensive Income $ 11,522 $ (2,705) $ 8,817 Three months ended June 30, 2025 Net unrealized losses on investment securities $ (6,926) $ 1,569 $ (5,357) Amortization of net unrealized gains on AFS investment securities transferred to HTM(1) 1,736 (394) 1,342 Net unrealized holding gains arising during the period on interest rate derivatives used in cash flow hedges 56 (12) 44 Reclassification adjustment for net change realized in net income on interest rate derivatives used in cash flow hedges 5,114 (1,159) 3,955 Amortization of net unrecognized pension and postretirement items(2) (138) 32 (106) Total Other Comprehensive Loss $ (158) $ 36 $ (122) Six months ended June 30, 2026 Net unrealized losses on investment securities $ (12,311) $ 2,889 $ (9,422) Amortization of net unrealized gains on AFS investment securities transferred to HTM(1) 3,315 (778) 2,537 Net unrealized holding losses arising during the period on interest rate derivatives used in cash flow hedges (14,042) 2,960 (11,082) Reclassification adjustment for net change realized in net income on interest rate swaps used in cash flow hedges 4,782 (1,008) 3,774 Amortization of net unrecognized pension and postretirement item(2) (255) 60 (195) Total Other Comprehensive Loss $ (18,511) $ 4,123 $ (14,388) Six months ended June 30, 2025 Net unrealized gains on investment securities $ 5,704 $ (1,292) $ 4,412 Reclassification adjustment for securities net change included in net income(3) 2 — 2 Amortization of net unrealized gains on AFS investment securities transferred to HTM(1) 3,452 (782) 2,670 Net unrealized holding gains arising during the period on interest rate derivatives used in cash flow hedges 2,337 (529) 1,808 Reclassification adjustment for change realized in net income on interest rate swaps used in cash flow hedges 9,658 (2,188) 7,470 Amortization of net unrecognized pension and postretirement items(2) (272) 60 (212) Total Other Comprehensive Income $ 20,881 $ (4,731) $ 16,150 (1) Amounts reclassified out of AOCI. Before-tax amounts included in "Interest Income" on the Consolidated Statements of Income. (2) Amounts reclassified out of AOCI. Before-tax amounts included in "Salaries and employee benefits" on the Consolidated Statements of Income. (3) Amounts reclassified out of AOCI. Before-tax amounts included in "Investment securities (losses) gains, net" on the Consolidated Statements of Income. 27 The following table presents changes in each component of AOCI, net of tax: Unrealized Gains (Losses) on Investment Securities Net Unrealized Gains (Losses) on Interest Rate Derivatives used in Cash Flow Hedges Unrecognized Pension and Postretirement Plan Income (Costs) Total (dollars in thousands) Three months ended June 30, 2026 Balance at March 31, 2026 $ (226,147) $ (2,259) $ 6,519 $ (221,887) OCI before reclassifications 12,261 (5,128) — 7,133 Amounts reclassified from AOCI — 474 (90) 384 Amortization of net unrealized gains on AFS investment securities transferred to HTM 1,300 — — 1,300 Balance at June 30, 2026 $ (212,586) $ (6,913) $ 6,429 $ (213,070) Three months ended June 30, 2025 Balance at March 31, 2025 $ (264,890) $ (10,773) $ 4,116 $ (271,547) OCI before reclassifications (5,357) 44 — (5,313) Amounts reclassified from AOCI — 3,955 (106) 3,849 Amortization of net unrealized gains on AFS investment securities transferred to HTM 1,342 — — 1,342 Balance at June 30, 2025 $ (268,905) $ (6,774) $ 4,010 $ (271,669) Six months ended June 30, 2026 Balance at December 31, 2025 $ (205,701) $ 395 $ 6,624 $ (198,682) OCI before reclassifications (9,422) (11,082) — (20,504) Amounts reclassified from AOCI — 3,774 (195) 3,579 Amortization of net unrealized gains on AFS investment securities transferred to HTM 2,537 — — 2,537 Balance at June 30, 2026 $ (212,586) $ (6,913) $ 6,429 $ (213,070) Six months ended June 30, 2025 Balance at December 31, 2024 $ (275,989) $ (16,052) $ 4,222 $ (287,819) OCI before reclassifications 4,412 1,808 — 6,220 Amounts reclassified from AOCI 2 7,470 (212) 7,260 Amortization of net unrealized gains on AFS investment securities transferred to HTM 2,670 — — 2,670 Balance at June 30, 2025 $ (268,905) $ (6,774) $ 4,010 $ (271,669) 28 NOTE 10 – Fair Value Measurements FASB ASC Topic 820 establishes a fair value hierarchy for the inputs to valuation techniques used to measure assets and liabilities at fair value using the following three categories (from highest to lowest priority): •Level 1 – Inputs that represent quoted prices for identical instruments in active markets. •Level 2 – Inputs that represent quoted prices for similar instruments in active markets or quoted prices for identical instruments in non-active markets. Also includes valuation techniques whose inputs are derived principally from observable market data other than quoted prices, such as interest rates or other market-corroborated means. •Level 3 – Inputs that are largely unobservable, as little or no market data exists for the instrument being valued. All assets and liabilities measured at fair value on both a recurring and nonrecurring basis have been categorized into the above three levels. The following tables present assets and liabilities measured at fair value on a recurring basis and reported on the Consolidated Balance Sheets: June 30, 2026 Level 1 Level 2 Level 3 Total (dollars in thousands) Loans held for sale $ — $ 33,902 $ — $ 33,902 AFS investment securities: State and municipal securities — 815,955 — 815,955 Corporate debt securities — 207,575 — 207,575 Collateralized mortgage obligations — 1,184,319 — 1,184,319 Residential mortgage-backed securities — 765,528 — 765,528 Commercial mortgage-backed securities — 587,673 — 587,673 Total AFS investment securities — 3,561,050 — 3,561,050 Other assets: Investments held in Rabbi Trust 44,161 — — 44,161 Derivative assets 620 114,478 — 115,098 Total assets $ 44,781 $ 3,709,430 $ — $ 3,754,211 Other liabilities: Deferred compensation liabilities $ 44,161 $ — $ — $ 44,161 Derivative liabilities 487 171,800 — 172,287 Total liabilities $ 44,648 $ 171,800 $ — $ 216,448 29 December 31, 2025 Level 1 Level 2 Level 3 Total (dollars in thousands) Loans held for sale $ — $ 16,316 $ — $ 16,316 AFS investment securities: State and municipal securities — 826,693 — 826,693 Corporate debt securities — 214,921 — 214,921 Collateralized mortgage obligations — 1,040,078 — 1,040,078 Residential mortgage-backed securities — 766,717 — 766,717 Commercial mortgage-backed securities — 559,450 — 559,450 Total AFS investment securities — 3,407,859 — 3,407,859 Other assets: Investments held in Rabbi Trust 39,395 — — 39,395 Derivative assets 891 128,816 — 129,707 Total assets $ 40,286 $ 3,552,991 $ — $ 3,593,277 Other liabilities: Deferred compensation liabilities $ 39,395 $ — $ — $ 39,395 Derivative liabilities 720 170,289 — 171,009 Total liabilities $ 40,115 $ 170,289 $ — $ 210,404 The valuation techniques used to measure fair value for the items in the preceding tables are as follows: Loans held for sale – This category includes mortgage and commercial loans held for sale that are measured at fair value. Fair values as of June 30, 2026 and December 31, 2025 were measured at the price that secondary market investors were offering for loans with similar characteristics. AFS investment securities – Included in this asset category are debt securities. Level 2 investment securities are valued by a third-party pricing service. The pricing service uses pricing models that vary based on asset class and incorporate available market information, including quoted prices of investment securities with similar characteristics. Because many fixed income securities do not trade on a daily basis, pricing models use available information, as applicable, through processes such as benchmark yield curves, benchmarking of like securities, sector groupings and matrix pricing. Standard market inputs include: benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers and reference data, including market research publications. For certain security types, additional inputs may be used or some of the standard market inputs may not be applicable. •State and municipal securities/Collateralized mortgage obligations/Residential mortgage-backed securities/Commercial mortgage-backed securities – These debt securities are classified as Level 2. Fair values are determined by a third-party pricing service, as detailed above. •Corporate debt securities – These securities are classified as Level 2. This category consists of subordinated debt and senior debt issued by financial institutions ($200.1 million at June 30, 2026 and $207.5 million at December 31, 2025) and other corporate debt issued by non-financial institutions ($7.5 million and $7.4 million at June 30, 2026 and December 31, 2025, respectively). The fair values for these corporate debt securities are determined by a third-party pricing service as detailed above. Investments held in Rabbi Trust – This category consists of mutual funds that are held in trust for employee deferred compensation plans that the Corporation has elected to measure at fair value. Shares of mutual funds are valued based on net asset value, which represent quoted market prices for the underlying shares held in the mutual funds, and as such, are classified as Level 1. 30 Derivative assets – Fair value of foreign currency exchange contracts are classified as Level 1 assets ($0.6 million and $0.9 million at June 30, 2026 and December 31, 2025, respectively). The foreign exchange prices used to measure these items at fair value are based on quoted prices for identical instruments in active markets. Level 2 assets represent the fair value of mortgage banking derivatives in the form of interest rate locks and forward commitments with secondary market investors ($1.0 million and $0.6 million at June 30, 2026 and December 31, 2025, respectively) and the fair value of interest rate derivatives ($113.5 million at June 30, 2026 and $128.3 million at December 31, 2025). The fair values of the interest rate locks, forward commitments and interest rate derivatives represent the amounts that would be required to settle the derivative financial instruments at the balance sheet date. See "Note 7 - Derivative Financial Instruments," for additional information. Deferred compensation liabilities – Fair value of amounts due to employees under deferred compensation plans are classified as Level 1 liabilities and are included in other liabilities on the Consolidated Balance Sheets. The fair values of these liabilities are determined in the same manner as the related assets, as described under the heading "Investments held in Rabbi Trust" above. Derivative liabilities – Level 1 liabilities represent the fair value of foreign currency exchange contracts ($0.5 million and $0.7 million at June 30, 2026 and December 31, 2025, respectively). Level 2 liabilities represent the fair value of mortgage banking derivatives in the form of interest rate locks and forward commitments with secondary market investors (none at June 30, 2026 and $0.2 million at December 31, 2025) and the fair value of interest rate derivatives ($171.8 million at June 30, 2026 and $170.1 million at December 31, 2025). The fair values of these liabilities are determined in the same manner as the related assets as described under the heading "Derivative assets" above. Certain financial instruments are not measured at fair value on an ongoing basis but are subject to fair value measurement in certain circumstances, such as upon their acquisition or when there is evidence of impairment. The following table presents Level 3 financial assets measured at fair value on a nonrecurring basis: June 30, 2026 December 31, 2025 (dollars in thousands) Loans, Net $ 129,776 $ 135,993 OREO 5,791 1,365 MSRs(1) 54,639 49,861 SBA servicing asset 2,028 2,256 Total assets $ 192,234 $ 189,475 (1) Amounts shown are estimated fair value. MSRs are recorded on the Corporation's Consolidated Balance Sheets at the lower of amortized cost or fair value. See "Note 6 - Mortgage Servicing Rights" for additional information. The valuation techniques used to measure fair value for the items in the table above are as follows: •Loans, net – This category consists of loans that were individually evaluated for impairment and have been classified as Level 3 assets. The amount shown is the balance of non-accrual loans, net of related ACL. See "Note 5 - Loans and Allowance for Credit Losses," for additional details. •OREO – This category consists of OREO classified as Level 3 assets, for which the fair values were based on estimated selling prices less estimated selling costs for similar assets in active markets. 31 •MSRs – This category consists of MSRs, which were initially recorded at fair value upon the sale of residential mortgage loans to secondary market investors, and subsequently carried at the lower of amortized cost or fair value. MSRs are amortized as a reduction to servicing income over the estimated lives of the underlying loans. MSRs are stratified by product type and evaluated for impairment by comparing each stratum's carrying amount to its estimated fair value. Fair values are determined at the end of each quarter through a discounted cash flows valuation performed by a third-party valuation expert. Significant inputs to the valuation included expected net servicing income, the discount rate and the expected life of the underlying loans. Expected life is based on the contractual terms of the loans as adjusted for prepayment projections. The weighted average annual constant prepayment rate and the weighted average discount rate used in the June 30, 2026 valuation were 7.4% and 8.6%, respectively. Management reviews the reasonableness of the significant inputs to the third-party valuation in comparison to market data. See "Note 6 - Mortgage Servicing Rights," for additional information. •SBA servicing asset – This category consists of the retained servicing rights on SBA-guaranteed loans sold to investors. The standard sale structure under the SBA Secondary Participation Guaranty Agreement provides for the Corporation to retain a portion of the cash flow from the interest payment received on the SBA guaranteed portion of the loan, which is commonly known as a servicing spread. A third-party valuation expert is utilized to perform the modeling to estimate the fair value of the SBA servicing asset. Because the valuation model uses significant unobservable inputs, the SBA servicing asset is classified within Level 3. The following tables detail the book values and the estimated fair values of the Corporation's financial instruments: June 30, 2026 Estimated Fair Value Carrying Amount Level 1 Level 2 Level 3 Total (dollars in thousands) FINANCIAL ASSETS Cash and cash equivalents $ 1,263,067 $ 1,263,067 $ — $ — $ 1,263,067 FRB and FHLB stock 138,587 — 138,587 — 138,587 Loans held for sale 33,902 — 33,902 — 33,902 AFS investment securities 3,561,050 — 3,561,050 — 3,561,050 HTM investment securities 1,561,709 — 1,393,738 — 1,393,738 Loans, net 25,551,713 — — 24,179,017 24,179,017 Accrued interest receivable 121,220 121,220 — — 121,220 Other assets 745,340 591,819 115,426 62,458 769,703 FINANCIAL LIABILITIES Demand and savings deposits $ 22,668,858 $ 22,668,858 $ — $ — $ 22,668,858 Brokered deposits 975,204 78,023 896,523 — 974,546 Time deposits 4,606,280 — 4,605,576 — 4,605,576 Accrued interest payable 22,811 22,811 — — 22,811 FHLB advances 552,500 552,975 — — 552,975 Senior debt and subordinated debt 469,668 — 440,508 — 440,508 Other borrowings 691,808 658,098 693 — 658,791 Other liabilities 255,705 70,390 171,800 13,515 255,705 32 December 31, 2025 Estimated Fair Value Carrying Amount Level 1 Level 2 Level 3 Total (dollars in thousands) FINANCIAL ASSETS Cash and cash equivalents $ 1,061,609 $ 1,061,609 $ — $ — $ 1,061,609 FRB and FHLB stock 121,009 — 121,009 — 121,009 Loans held for sale 16,316 — 16,316 — 16,316 AFS investment securities 3,407,859 — 3,407,859 — 3,407,859 HTM investment securities 1,425,885 — 1,267,578 — 1,267,578 Loans, net 23,780,422 — — 22,590,142 22,590,142 Accrued interest receivable 113,698 113,698 — — 113,698 Other assets 721,469 556,071 132,043 53,482 741,596 FINANCIAL LIABILITIES Demand and savings deposits $ 21,739,113 $ 21,739,113 $ — $ — $ 21,739,113 Brokered deposits 855,042 80,215 774,914 — 855,129 Time deposits 3,995,252 — 3,991,203 — 3,991,203 Accrued interest payable 17,130 17,130 — — 17,130 FHLB advances 250,000 251,991 — — 251,991 Senior debt and subordinated debt 367,637 — 351,870 — 351,870 Other borrowings 679,738 654,238 916 — 655,154 Other liabilities 247,490 62,228 170,290 14,972 247,490 Fair values of financial instruments are significantly affected by the assumptions used, principally the timing of future cash flows and discount rates. Because assumptions are inherently subjective in nature, the estimated fair values cannot be substantiated by comparison to independent market quotes and, in many cases, the estimated fair values could not necessarily be realized in an immediate sale or settlement of the instrument. The aggregate fair value amounts presented do not necessarily represent management’s estimate of the underlying value of the Corporation. For short-term financial instruments, defined as those with remaining maturities of 90 days or less, and excluding those recorded at fair value on the Corporation's Consolidated Balance Sheets, book value was considered to be a reasonable estimate of fair value. The following instruments are predominantly short-term: Assets Liabilities Cash and cash equivalents Demand and savings deposits Accrued interest receivable Other borrowings Accrued interest payable FRB and FHLB stock represent restricted investments and are carried at cost on the Consolidated Balance Sheets, which is a reasonable estimate of fair value. As of June 30, 2026, fair values for loans and time deposits were estimated by discounting future cash flows using the current rates, as adjusted for liquidity considerations, at which similar loans would be made to borrowers and similar deposits would be issued to customers for the same remaining maturities. Fair values of loans also include estimated credit losses that would be assumed in a market transaction, which represents estimated exit prices. Brokered deposits consist of demand and saving deposits, which are classified as Level 1, and time deposits, which are classified as Level 2. The fair value of these deposits is determined in a manner consistent with the respective type of deposits discussed above. 33 NOTE 11 – Net Income Per Share Basic net income per share is calculated as net income available to common shareholders divided by the weighted average number of shares outstanding. Diluted net income per share is calculated as net income available to common shareholders divided by the weighted average number of shares outstanding plus the incremental number of shares added as a result of converting common stock equivalents, calculated using the treasury stock method. The Corporation's common stock equivalents consist of restricted stock, RSUs, and PSUs. PSUs are required to be included in weighted average diluted shares outstanding if performance measures, as defined in each PSU award agreement, are met as of the end of the period. A reconciliation of weighted average shares outstanding used to calculate basic and diluted net income per share follows (in thousands, except per share data): Three months ended June 30, Six months ended June 30, 2026 2025 2026 2025 Weighted average shares outstanding (basic) 191,386 182,261 185,585 182,220 Impact of common stock equivalents 1,611 1,552 1,792 1,779 Weighted average shares outstanding (diluted) 192,997 183,813 187,377 183,999 Per share: Basic $ 0.52 $ 0.53 $ 1.03 $ 1.03 Diluted 0.52 0.53 1.02 1.02 NOTE 12 – Stock-Based Compensation The Corporation grants equity awards to employees in the form of restricted stock, RSUs and PSUs under its Employee Equity Plan. In addition, employees may purchase stock under the Corporation's ESPP. The fair value of equity awards granted to employees is recognized as compensation expense over the period during which employees are required to provide service in exchange for such awards. The Corporation also grants equity awards to non-employee members of its board of directors and the Bank's board of directors under the Directors' Plan. Under the Directors' Plan, the Corporation can grant equity awards to non-employee Corporation and Bank directors in the form of restricted stock, RSUs or common stock. Recent grants of equity awards under the Directors' Plan have been limited to RSUs. As of June 30, 2026, the Employee Equity Plan had approximately 2.6 million shares reserved for future grants through 2032, and the Directors' Plan had approximately 203.0 thousand shares reserved for future grants through 2033. The following table presents compensation expense and the related tax benefits for equity awards recognized in the Consolidated Statements of Income: Three months ended June 30, Six months ended June 30, 2026 2025 2026 2025 (dollars in thousands) Compensation expense $ 3,951 $ 3,257 $ 6,246 $ 5,189 Tax benefit (882) (742) (1,392) (1,173) Total stock-based compensation, net of tax benefit $ 3,069 $ 2,515 $ 4,854 $ 4,016 34 NOTE 13 – Employee Benefit Plans The Corporation's 401(k) Retirement Plan is a defined contribution plan under which eligible employees may defer a portion of their pre-tax covered compensation on an annual basis, with employer matches of up to 5% of employee compensation. Employee and employer contributions are 100% vested. Expense related to the 401(k) Retirement Plan for the three and six months ended June 30, 2026 was $3.8 million and $7.6 million, respectively, compared to $3.6 million and $7.1 million for the same periods in 2025. The net periodic pension cost for the Pension Plan consisted of the following components: Three months ended June 30, Six months ended June 30, 2026 2025 2026 2025 (dollars in thousands) Interest cost $ 728 $ 767 $ 1,457 $ 1,535 Expected return on plan assets (1,041) (978) (2,083) (1,956) Net periodic pension cost $ (313) $ (211) $ (626) $ (421) The net periodic benefit for the Postretirement Plan consisted of the following components: Three months ended June 30, Six months ended June 30, 2026 2025 2026 2025 (dollars in thousands) Interest cost $ 7 $ 8 $ 14 $ 17 Net accretion and deferral (85) (135) (222) (271) Net periodic postretirement benefit $ (78) $ (127) $ (208) $ (254) In connection with the Prudential Bancorp Merger, the Corporation assumed the obligations of a multiemployer defined benefit pension plan that had previously been closed to new participants. In the second quarter of 2026, the Corporation resolved to merge the multiemployer defined benefit plan with and into the Pension Plan, which resulted in the recognition of a $2.1 million liability, reflected in other expense, in the Consolidated Statements of Income. The Corporation recognizes the funded status of its Pension Plan and Postretirement Plan on the Consolidated Balance Sheets and recognizes the change in that funded status through OCI. NOTE 14 - Segment Reporting The Corporation has one reportable segment whose primary sources of revenue are interest income on loans, investment securities and other interest-earning assets and fee income earned on its products and services. Its expenses consist of interest expense on deposits and borrowed funds, provision for credit losses, other operating expenses and income taxes. The Corporation manages its business activities on a consolidated basis. The accounting policies of the segment are the same as those described in "Note 1 – Summary of Significant Accounting Policies" of the Corporation's Annual Report on Form 10-K for the year ended December 31, 2025. The Chief Operating Decision Maker is the Chairman, Chief Executive Officer and President who assesses performance of the segment based on net income available to common shareholders and net income available to common shareholders per share (diluted), which is reported in the Consolidated Statements of Income. Net income available to common shareholders and net income available to common shareholders per share (diluted) are used to monitor actual results versus budget, in competitive analyses by benchmarking to the Corporation’s peers, and in decision-making pertaining to executive compensation levels, common stock and preferred stock dividend levels, common share repurchases and capital expenditure spending. 35 The measure of segment net income is reported on the Consolidated Statements of Income and the measure of segment assets is reported on the Consolidated Balance Sheets. NOTE 15 – Commitments and Contingencies Commitments The Corporation is a party to financial instruments with OBS risk in the normal course of business to meet the financing needs of its borrowers or obligors. Commitments to extend credit are agreements to lend to a borrower or obligor as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee by the borrower or obligor. Because a portion of the commitments is expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Corporation evaluates each borrower's or obligor's creditworthiness on a case-by-case basis. The amount of collateral, if any, obtained upon an extension of credit is based on management's credit evaluation of the borrower or obligor. Collateral held varies but may include accounts receivable, inventory, property, equipment and income-producing commercial properties. Standby letters of credit are conditional commitments issued to guarantee the financial or performance obligation of a borrower or obligor to a third party. Commercial letters of credit are conditional commitments issued to facilitate foreign and domestic trade transactions for borrowers or obligors. The credit risk involved in issuing letters of credit is similar to that involved in extending loan facilities. These obligations are underwritten consistent with commercial lending standards. The maximum exposure to loss for standby and commercial letters of credit is equal to the contractual (or notional) amount of the instruments. The following table presents the Corporation's commitments to extend credit and letters of credit: June 30, 2026 December 31, 2025 (dollars in thousands) Commitments to extend credit $ 9,329,977 $ 8,710,163 Standby letters of credit 298,520 311,697 Commercial letters of credit 25,738 29,842 Residential Lending The Corporation originates and sells residential mortgages to secondary market investors. The Corporation provides customary representations and warranties to secondary market investors that specify, among other things, that the loans have been underwritten to the standards of the secondary market investor. The Corporation may be required to repurchase specific loans or reimburse the investor for a credit loss incurred on a sold loan if it is determined that the representations and warranties have not been met. Under some agreements with secondary market investors, the Corporation may have additional credit exposure beyond customary representations and warranties, based on the specific terms of those agreements. The Corporation maintains a reserve for estimated losses related to loans sold to investors. As of June 30, 2026 and December 31, 2025, the total reserve for losses on residential mortgage loans sold was $1.5 million and $1.4 million, respectively, including reserves for both representation and warranty and credit loss exposures. In addition, included as a component of ACL - OBS credit exposures, was $0.4 million and $0.8 million, as of June 30, 2026 and December 31, 2025, respectively, related to additional credit exposures for potential loan repurchases. Legal Proceedings The Corporation is involved in various pending and threatened claims and other legal proceedings in the ordinary course of its business activities. The Corporation evaluates the possible impact of these matters, taking into consideration the most recent information available. A loss reserve is established for those matters for which the Corporation believes a loss is both probable and reasonably estimable. Once established, the reserve is adjusted as appropriate to reflect any subsequent developments. Actual losses with respect to any such matter may be more or less than the amount estimated by the Corporation. For matters where a loss is not probable, or the amount of the loss cannot be reasonably estimated by the Corporation, no loss reserve is established. 36 In addition, from time to time, the Corporation is involved in investigations or other forms of regulatory or governmental inquiry covering a range of possible issues and, in some cases, these may be part of similar reviews of the specified activities of other companies. These inquiries or investigations could lead to administrative, civil or criminal proceedings involving the Corporation, and could result in fines, penalties, restitution, other types of sanctions, or the need for the Corporation to undertake remedial actions, or to alter its business, financial or accounting practices. The Corporation's practice is to cooperate fully with regulatory and governmental inquiries and investigations. As of the date of this report, the Corporation believes that any liabilities, individually or in the aggregate, that may result from the final outcomes of pending legal proceedings, or regulatory or governmental inquiries or investigations, will not have a material adverse effect on the financial condition of the Corporation. However, legal proceedings, inquiries and investigations are often unpredictable, and it is possible that the ultimate resolution of any such matters, if unfavorable, may be material to the Corporation's results of operations in any future period, depending, in part, upon the size of the loss or liability imposed and the operating results for the period, and could have a material adverse effect on the Corporation's business. In addition, regardless of the ultimate outcome of any such legal proceeding, inquiry or investigation, any such matter could cause the Corporation to incur additional expenses, which could be significant, and possibly material, to the Corporation's results of operations in any future period. 37