Special Note Regarding Forward-Looking Statements This report contains statements that may constitute forward-looking statements within the meaning of the safe-harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, such as statements other than historical facts contained or incorporated by reference into this report. These forward-looking statements include statements with respect to the Corporation’s financial condition, results of operations, plans, objectives, future performance and business, including statements preceded by, followed by or that include the words “believes,” “expects,” or “anticipates,” references to estimates or similar expressions. Future filings by the Corporation with the SEC, and future statements other than historical facts contained in written material, press releases and oral statements issued by, or on behalf of the Corporation may also constitute forward-looking statements. All forward-looking statements contained in this report or which may be contained in future statements made for or on behalf of the Corporation are based upon information available at the time the statement is made and the Corporation assumes no obligation to update any forward-looking statements, except as required by federal securities law. Forward-looking statements are subject to significant risks and uncertainties, and the Corporation’s actual results may differ materially from the expected results discussed in such forward-looking statements. Factors that might cause actual results to differ from the results discussed in forward-looking statements include, but are not limited to, the risk factors in Item 1A, Risk Factors, in the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2025, and as may be described from time to time in the Corporation’s subsequent SEC filings. Overview The following discussion and analysis is presented to assist in the understanding and evaluation of the Corporation’s financial condition and results of operations. It is intended to complement the unaudited consolidated financial statements, footnotes, and supplemental financial data appearing elsewhere in this Quarterly Report on Form 10-Q and should be read in conjunction therewith. Management continually evaluates strategic acquisition opportunities and various other strategic alternatives that could involve the sale or acquisition of branches or other assets, or the consolidation or creation of subsidiaries. Within the tables presented, certain columns and rows may not recalculate due to the use of rounded numbers for disclosure purposes. Performance Summary •Average loans of $33.6 billion increased $3.3 billion, or 11%, from the first six months of 2025, driven primarily by the American National acquisition and continued organic growth in commercial and business lending portfolio. •Average deposits of $37.8 billion increased $3.3 billion, or 9%, from the first six months of 2025, primarily due to the American National acquisition, as well as organic growth in noninterest bearing demand, savings and other time deposits, partially offset by a decrease in brokered CDs. •Net interest income of $677.2 million increased $91.3 million, or 16%, from the first six months of 2025, and net interest margin was 3.10%, compared to 3.01% for the first six months of 2025. The increases in net interest income and net interest margin were driven by the acquisition of American National in the second quarter of 2026 as well as organic growth in commercial and business lending alongside a mix shift in deposits to lower cost products. •Provision for credit losses was $30.4 million compared to $31.0 million for the first six months of 2025, driven by nominal credit movement coupled with general macroeconomic trends. Provision for credit losses was relatively unchanged from the first six months of 2025, as credit losses associated with acquired seasoned loans were largely reflected through purchase accounting following the adoption of ASU 2025-08. •Noninterest income of $156.3 million increased $30.5 million, or 24%, from the first six months of 2025, primarily due to higher wealth management fees and capital markets revenue in addition to the absence of a nonrecurring loss on mortgage portfolio sale recognized in the first quarter of 2025 in connection with the completion of balance sheet repositioning announced in the fourth quarter of 2024. •Noninterest expense of $491.0 million increased $71.1 million, or 17%, from the first six months of 2025, primarily driven by increases in expenses related to the American National acquisition. 54 Table of Contents Table 1 Summary Results of Operations: Trends YTD Quarter ended (Dollars in thousands, except per share data) Jun 30, 2026 Jun 30, 2025 Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Net income $ 243,200 $ 212,916 $ 123,564 $ 119,635 $ 137,129 $ 124,732 $ 111,230 Net income available to common equity 237,450 207,166 120,689 116,760 134,254 121,857 108,355 Earnings per common share - basic 1.34 1.25 0.64 0.70 0.81 0.73 0.65 Earnings per common share - diluted 1.33 1.24 0.63 0.70 0.80 0.73 0.65 Dividend payout ratio(a) 35.82 % 36.80 % 37.50 % 34.29 % 29.63 % 31.51% 35.38 % Book value / share(b) 28.85 29.04 28.81 28.17 27.67 Tangible book value (TBV) / share(b)(c) 22.15 22.23 22.01 21.36 20.84 Performance ratios Return on average assets(d) 1.02 % 1.00 % 0.97 % 1.08 % 1.23 % 1.12 % 1.03 % Return on average tangible assets(c)(d) 1.07 % 1.04 % 1.03 % 1.12 % 1.27 % 1.17 % 1.07 % Return on average equity(d) 9.22 % 9.17 % 8.81 % 9.69 % 11.09 % 10.26 % 9.43 % Return on average tangible common equity (ROATCE)(c)(d) 12.54 % 12.66 % 12.12 % 13.03 % 15.04 % 14.02 % 12.96 % Efficiency ratios (expense / revenue) Fully tax-equivalent efficiency ratio 57.26 % 57.70 % 58.30 % 56.03 % 55.21 % 54.77 % 55.81 % Adjusted efficiency ratio(c) 54.23 % 57.15 % 52.91 % 55.77 % 55.15 % 54.77 % 55.81 % (a) Ratio is based upon basic earnings per common share. (b) Based on period end common shares outstanding. (c) This is a non-GAAP financial measure. See Table 19 Non-GAAP Measures for a reconciliation to GAAP financial measures. (d) This ratio is annualized. 55 Back to table of contents Income Statement Analysis Net Interest Income Table 2 Net Interest Income Analysis Six Months Ended Jun 30, 2026 2025(a) (Dollars in thousands) Average Balance Interest Income / Expense Average Yield / Rate Average Balance Interest Income / Expense Average Yield / Rate Assets Earning assets Loans(b)(c) Commercial and industrial $ 12,485,064 $ 369,755 5.97% $ 10,783,368 $ 349,740 6.54% Commercial real estate—owner occupied 1,385,167 37,968 5.53% 1,127,535 32,214 5.76% Commercial and business lending 13,870,231 407,723 5.93% 11,910,904 381,954 6.46% Commercial real estate—investor 5,893,380 177,285 6.06% 5,499,334 178,658 6.55% Real estate construction 2,233,900 74,468 6.72% 1,884,065 67,829 7.26% Commercial real estate lending 8,127,280 251,753 6.24% 7,383,399 246,486 6.73% Total commercial 21,997,511 659,476 6.04% 19,294,303 628,440 6.57% Residential mortgage 6,874,603 130,603 3.80% 7,144,851 131,818 3.69% Auto finance 3,587,435 100,736 5.66% 2,889,190 80,332 5.61% Home equity 763,919 24,788 6.49% 662,509 24,150 7.29% Other consumer 365,077 18,892 10.44% 311,691 17,417 11.27% Total consumer 11,591,034 275,019 4.76% 11,008,241 253,717 4.62% Total loans 33,588,545 934,495 5.60% 30,302,544 882,157 5.86% Investments Taxable securities 7,615,581 164,023 4.31% 6,489,135 140,962 4.34% Tax-exempt securities(b) 1,975,205 34,763 3.52% 2,010,403 35,264 3.51% Other short-term investments 1,154,975 26,335 4.60% 878,929 21,921 5.03% Total investments 10,745,761 225,121 4.19% 9,378,467 198,147 4.23% Total earning assets and related interest income 44,334,306 $ 1,159,616 5.26% 39,681,011 $ 1,080,304 5.48% Other assets, net 3,810,263 3,346,515 Total assets $ 48,144,569 $ 43,027,526 Liabilities and stockholders' equity Interest-bearing liabilities Interest-bearing deposits Savings $ 5,791,146 $ 37,505 1.31% $ 5,192,835 $ 35,068 1.36% Interest-bearing demand 8,305,614 71,397 1.73% 7,856,593 87,915 2.26% Money market 6,855,912 80,215 2.36% 6,033,999 78,255 2.62% Network transaction deposits 1,898,760 34,961 3.71% 1,845,974 40,278 4.40% Brokered CDs 3,808,685 75,298 3.99% 4,201,955 94,711 4.55% Other time deposits 4,592,267 79,662 3.50% 3,740,683 70,569 3.80% Total interest-bearing deposits 31,252,384 379,038 2.45% 28,872,038 406,796 2.84% Federal funds purchased and securities sold under agreements to repurchase 442,876 7,818 3.56% 297,963 5,626 3.81% FHLB advances 3,558,141 66,621 3.78% 2,413,352 50,979 4.26% Senior and subordinated debt 593,292 20,326 6.85% 609,788 21,785 7.15% Other interest-bearing liabilities 13,835 306 4.46% 24,683 695 5.68% Total funding 4,608,144 95,071 4.15% 3,345,786 79,085 4.76% Total interest-bearing liabilities and related interest expense 35,860,528 $ 474,109 2.67% 32,217,824 $ 485,881 3.04% Noninterest-bearing demand deposits 6,533,624 5,644,554 Other liabilities 431,445 483,247 Stockholders’ equity 5,318,972 4,681,901 Total liabilities and stockholders’ equity $ 48,144,569 $ 43,027,526 Interest rate spread 2.59% 2.44% Net free funds 0.51% 0.57% Fully tax-equivalent net interest income and net interest margin $ 685,507 3.10% $ 594,423 3.01% Fully tax-equivalent adjustment (8,279) (8,483) Net interest income $ 677,228 $ 585,940 (a) Prior period has been adjusted to conform with current period presentation. (b) The yield on tax-exempt loans and securities is computed on a fully tax-equivalent basis using a tax rate of 21%. (c) Loans held for sale have been included in the average balances. 56 Table of Contents Table 2 Net Interest Income Analysis Three Months Ended, Jun 30, 2026 Mar 31, 2026 Jun 30, 2025(a) (Dollars in thousands) Average Balance Interest Income / Expense Average Yield / Rate Average Balance Interest Income / Expense Average Yield / Rate Average Balance Interest Income / Expense Average Yield / Rate Assets Earning assets Loans(b)(c) Commercial and industrial $ 13,185,643 $ 197,248 6.00% $ 11,776,702 $ 172,507 5.94% $ 10,981,221 $ 179,955 6.57% Commercial real estate—owner occupied 1,577,489 22,000 5.59% 1,190,708 15,968 5.44% 1,114,054 16,014 5.77% Commercial and business lending 14,763,132 219,248 5.96% 12,967,410 188,475 5.89% 12,095,274 195,969 6.50% Commercial real estate—investor 6,502,707 99,131 6.11% 5,277,283 78,154 6.01% 5,582,333 91,569 6.58% Real estate construction 2,410,500 40,425 6.73% 2,055,338 34,043 6.72% 1,869,708 33,883 7.27% Commercial real estate lending 8,913,207 139,556 6.28% 7,332,621 112,197 6.21% 7,452,041 125,452 6.75% Total commercial 23,676,339 358,804 6.08% 20,300,031 300,672 6.01% 19,547,316 321,421 6.59% Residential mortgage 6,916,754 65,963 3.81% 6,831,984 64,640 3.78% 7,034,607 64,995 3.70% Auto finance 4,044,290 58,768 5.83% 3,125,504 41,969 5.45% 2,933,161 41,156 5.63% Home equity 817,378 13,096 6.41% 709,865 11,692 6.60% 667,339 12,098 7.25% Other consumer 415,476 10,388 10.03% 314,118 8,504 10.98% 309,578 8,644 11.20% Total consumer 12,193,898 148,215 4.87% 10,981,471 126,805 4.65% 10,944,685 126,893 4.64% Total loans 35,870,237 507,019 5.67% 31,281,502 427,477 5.53% 30,492,001 448,313 5.89% Investments Taxable securities 8,153,435 88,347 4.33% 7,071,751 75,676 4.28% 6,578,690 71,174 4.33% Tax-exempt securities(b) 1,971,946 17,373 3.52% 1,978,501 17,389 3.52% 2,004,725 17,598 3.51% Other short-term investments 1,291,636 14,694 4.56% 1,016,795 11,641 4.64% 999,294 12,679 5.09% Total investments 11,417,017 120,414 4.22% 10,067,047 104,706 4.17% 9,582,709 101,451 4.24% Total earning assets and related interest income 47,287,254 $ 627,433 5.32% 41,348,549 $ 532,183 5.20% 40,074,710 $ 549,764 5.50% Other assets, net 3,948,588 3,670,399 3,345,353 Total assets $ 51,235,842 $ 45,018,948 $ 43,420,063 Liabilities and stockholders' equity Interest-bearing liabilities Interest-bearing deposits Savings $ 6,046,605 $ 19,815 1.31% $ 5,532,848 $ 17,690 1.30% $ 5,222,869 $ 17,139 1.32% Interest-bearing demand 8,720,180 37,161 1.71% 7,886,442 34,236 1.76% 7,683,402 42,485 2.22% Money market 7,641,652 45,976 2.41% 6,061,442 34,239 2.29% 5,988,947 38,695 2.59% Network transaction deposits 1,879,876 17,459 3.73% 1,917,854 17,502 3.70% 1,843,998 20,211 4.40% Brokered CDs 4,085,995 40,487 3.97% 3,528,294 34,811 4.00% 4,089,844 45,418 4.45% Other time deposits 4,945,821 42,867 3.48% 4,234,785 36,795 3.52% 3,725,205 33,707 3.63% Total interest-bearing deposits 33,320,129 203,765 2.45% 29,161,665 175,273 2.44% 28,554,266 197,656 2.78% Federal funds purchased and securities sold under agreements to repurchase 460,414 4,085 3.56% 425,142 3,732 3.56% 220,872 2,004 3.64% FHLB advances 3,733,950 35,052 3.77% 3,380,379 31,570 3.79% 3,221,749 34,889 4.34% Senior and subordinated debt 592,195 10,163 6.86% 594,401 10,163 6.84% 592,399 10,700 7.22% Other interest-bearing liabilities 16,430 190 4.64% 11,212 116 4.18% 17,844 287 6.45% Total funding 4,802,989 49,490 4.13% 4,411,134 45,581 4.18% 4,052,863 47,880 4.74% Total interest-bearing liabilities and related interest expense 38,123,118 $ 253,255 2.66% 33,572,799 $ 220,854 2.67% 32,607,129 $ 245,536 3.02% Noninterest-bearing demand deposits 7,062,098 5,999,278 5,648,935 Other liabilities 422,642 440,344 431,338 Stockholders’ equity 5,627,984 5,006,527 4,732,661 Total liabilities and stockholders’ equity $ 51,235,842 $ 45,018,948 $ 43,420,063 Interest rate spread 2.65% 2.53% 2.48% Net free funds 0.52% 0.50% 0.56% Fully tax-equivalent net interest income and net interest margin $ 374,178 3.17% $ 311,329 3.03% $ 304,228 3.04% Fully tax-equivalent adjustment (4,139) (4,139) (4,228) Net interest income $ 370,039 $ 307,190 $ 300,000 (a) Prior period has been adjusted to conform with current period presentation. (b) The yield on tax-exempt loans and securities is computed on a fully tax-equivalent basis using a tax rate of 21%. (c) Loans held for sale have been included in the average balances. 57 Table of Contents Notable Contributions to the Change in Net Interest Income •Fully tax-equivalent net interest income and net interest income increased $91.1 million and $91.3 million, or 15% and 16%, as compared to the first six months of 2025, respectively. The average yield on earning assets decreased 22 bp and the cost of interest-bearing liabilities decreased 37 bp from the first six months of 2025. The increase in net interest income was primarily driven by growth in average earning assets resulting from the American National acquisition in the second quarter of 2026. In addition, asset yields benefited from a continued focus to shift the asset mix away from lower-yielding residential mortgages toward higher-yielding commercial loans, while rates paid on interest-bearing liabilities decreased alongside a mix shift in deposits to lower cost products. See sections Interest Rate Risk and Quantitative and Qualitative Disclosures about Market Risk for a discussion of interest rate risk and market risk. •Average earning assets increased $4.7 billion, or 12%, from the first six months of 2025. Average loans increased $3.3 billion, or 11%, from the first six months of 2025, driven by loans acquired from American National as well as increases in commercial and industrial, auto finance, and real estate construction loans, partially offset by a decrease in residential mortgage loans as a result of the completion of the Corporation's mortgage portfolio sale in the first quarter of 2025 as part of the balance sheet repositioning announced in the fourth quarter of 2024. Average investments increased $1.4 billion, or 15%, from the first six months of 2025 due to the American National acquisition. • Average interest-bearing liabilities increased $3.6 billion, or 11%, compared to the first six months of 2025. Average interest-bearing deposits increased $2.4 billion, or 8% from the first six months of 2025. This was primarily driven by the acquisition of American National along with increases in other time deposits and savings, partially offset by a decrease in brokered CDs. Average total funding increased $1.3 billion, or 38%, from the first six months of 2025, primarily driven by an increase in FHLB advances to prepare for and execute the acquisition of American National and fund continued loan growth. Average noninterest-bearing demand deposits increased $889.1 million, or 16%, driven by deposits acquired from the American National acquisition and organic growth from the first six months of 2025. Provision for Credit Losses The provision for credit losses is predominantly a function of the Corporation’s reserving methodology and judgments as to other qualitative and quantitative factors used to determine the appropriate level of the ACLL, which focuses on changes in the size and character of the loan portfolio, changes in levels of individually evaluated and other nonaccrual loans, historical losses and delinquencies in each portfolio category, the risk inherent in specific loans, concentrations of loans to specific borrowers or industries, existing economic conditions and economic forecasts, the fair value of underlying collateral, and other factors which could affect potential credit losses. See additional discussion under the sections titled Loans, Credit Risk, Nonperforming Assets, and Allowance for Credit Losses on Loans. Noninterest Income Table 3 Noninterest Income Six months ended Three months ended Changes vs (Dollars in thousands, except as noted) Jun 30, 2026 Jun 30, 2025 YTD % Change Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2026 Jun 30, 2025 Wealth management fees $ 51,435 $ 45,522 13 % $ 26,217 $ 25,219 $ 25,742 $ 25,315 $ 23,025 4 % 14 % Service charges and deposit account fees 29,916 25,961 15 % 15,863 14,054 13,827 13,861 13,147 13 % 21 % Card-based fees 25,740 21,642 19 % 14,161 11,579 12,679 12,308 11,200 22 % 26 % Other fee-based revenue 10,623 10,245 4 % 5,758 4,862 5,557 5,414 4,995 18 % 15 % Capital markets, net 14,018 10,110 39 % 7,476 6,543 11,175 10,764 5,765 14 % 30 % Mortgage banking, net 8,888 8,035 11 % 2,777 6,111 2,926 3,541 4,213 (55) % (34) % Loss on mortgage portfolio sale — (6,976) (100) % — — — — — — % — % Bank and corporate owned life insurance 8,430 9,339 (10) % 4,615 3,816 3,804 4,051 4,135 21 % 12 % Asset gains (losses), net 1,629 (2,613) N/M 789 840 838 3,340 (1,735) (6) % N/M Investment securities gains, net 6 11 (45) % 35 (28) 37 1 7 N/M N/M Other 5,571 $ 4,477 24 % 2,707 2,861 2,799 2,670 2,226 (5) % 22 % Total noninterest income $ 156,256 $ 125,754 24 % $ 80,398 $ 75,857 $ 79,384 $ 81,265 $ 66,977 6 % 20 % Assets under management, at market value(a) 17,009 15,708 16,132 16,178 15,537 8 % 9 % N/M = Not meaningful (a) In millions. Excludes assets held in brokerage accounts. 58 Table of Contents Notable Contributions to the Change in Noninterest Income •Wealth management fees increased $5.9 million from the first six months of 2025, primarily due to increased assets under management. •Service charges and deposit account fees increased $4.0 million from the first six months of 2025, due to an increase in overdraft and business demand deposit account fees. •Card-based fees increased $4.1 million from the first six months of 2025, primarily due to commercial loan charges and interchange fee income. •Capital markets, net increased $3.9 million from the first six months of 2025, primarily from increased syndication fees and interest rate swaps. •Loss on mortgage portfolio sale decreased $7.0 million from the first six months of 2025, due to the balance sheet repositioning completed during the first quarter of 2025. •Asset gains (losses), net increased $4.2 million from the first six months of 2025, due to changes in deferred compensation, partially offset by losses on leases. Noninterest Expense Table 4 Noninterest Expense Six months ended Three months ended QTD % Change vs (Dollars in thousands) Jun 30, 2026 Jun 30, 2025 YTD % Change Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2026 Jun 30, 2025 Personnel $ 296,341 $ 250,890 18 % $ 161,168 $ 135,172 $ 135,130 $ 135,703 $ 126,994 19 % 27 % Technology 62,603 53,646 17 % 32,867 29,736 28,641 28,590 26,508 11 % 24 % Occupancy 27,817 28,025 (1) % 14,091 13,725 14,229 12,757 12,644 3 % 11 % Business development and advertising 16,374 14,134 16 % 8,548 7,827 9,118 8,362 7,748 9 % 10 % Equipment 11,033 9,021 22 % 5,423 5,610 6,888 4,368 4,494 (3) % 21 % Legal and professional 24,176 12,757 90 % 17,454 6,721 5,945 5,232 6,674 160 % 162 % Loan and foreclosure costs 3,259 5,299 (38) % 1,552 1,707 1,327 1,638 2,705 (9) % (43) % FDIC assessment 19,432 20,144 (4) % 10,595 8,837 6,589 9,980 9,708 20 % 9 % Other intangible amortization 9,096 4,405 106 % 6,894 2,203 2,203 2,203 2,203 N/M N/M Other 20,914 21,648 (3) % 13,290 7,625 9,396 7,369 9,674 74 % 37 % Total noninterest expense $ 491,045 $ 419,971 17 % $ 271,882 $ 219,163 $ 219,466 $ 216,202 $ 209,352 24 % 30 % Average FTEs excluding overtime 4,129 3,993 3 % 4,321 3,934 3,919 3,982 3,980 10 % 9 % Annualized noninterest expense / average assets 2.06 % 1.97 % 2.13 % 1.97 % 1.96 % 1.95 % 1.93 % Notable Contributions to the Change in Noninterest Expense •Personnel expense increased $45.5 million from the first six months of 2025, driven by nonrecurring increases in severance and retention bonuses paired with ongoing increased salaries and annual incentive accruals primarily from the American National acquisition, and elevated health care benefit costs. •Technology expense increased $9.0 million from the first six months of 2025, driven by an increase in subscription costs. •Business development and advertising increased $2.2 million from the first six months of 2025, driven by marketing and advertising activities. •Legal and professional expense increased $11.4 million from the first six months of 2025, primarily due to nonrecurring expenses related to the American National acquisition. •Loan and foreclosure costs decreased $2.0 million from the first six months of 2025, due to recoveries on foreclosure costs due to sales of OREO properties in the first half of 2026. •Other intangible amortization increased $4.4 million from the first six months of 2025, due to additional amortization related to core deposit intangibles recognized as part of the American National acquisition. 59 Table of Contents Income Taxes The Corporation records income tax expense during interim periods based on the best estimate of the full year's effective tax rate as adjusted for discrete items, if any, taken into account in the relevant interim period. Each quarter, the Corporation updates its estimate of the annual effective tax rate and the effect of any change in the estimated rate is recorded on a cumulative basis. The Corporation recognized income tax expense of $68.9 million for the six months ended June 30, 2026, compared to income tax expense of $47.8 million for the six months ended June 30, 2025. The Corporation's effective tax rate from continuing operations was 22.06% and 18.34% for the six months ended June 30, 2026, and 2025, respectively. The increase in income tax expense of $21.0 million and higher effective tax rate during the first six months of 2026 as compared to the same period of 2025 were primarily due to the net impact of several discrete items from 2025 that resulted in the release of a portion of the valuation allowance, which did not reoccur in 2026. Additionally, the Corporation recognized higher net income before tax for the six months ended June 30, 2026, which reduced the relative impact of any recurring favorable rate drivers. Income tax expense recorded on the consolidated statements of income involves the interpretation and application of certain accounting pronouncements and federal and state tax laws and regulations. The Corporation is subject to examination by various taxing authorities. Examination by taxing authorities may impact the amount of tax expense and/or the reserve for uncertainty in income taxes if their interpretations differ from those of management, based on their judgments about information available to them at the time of their examinations. 60 Table of Contents Balance Sheet Analysis •At June 30, 2026, total assets were $51.8 billion, up $6.6 billion, or 15%, from December 31, 2025. ◦Cash and due from banks were $548.1 million at June 30, 2026, down $26.6 million, or 5%, from December 31, 2025. Interest bearing deposits in other financial institutions were $1.3 billion at June 30, 2026, up $124.3 million, or 11%, from December 31, 2025. See the Consolidated Statements of Cash Flows for detailed information on those fluctuations. ◦Available for sale investment securities were $6.4 billion at June 30, 2026, up $969.0 million or 18%, from December 31, 2025. Changes were primarily driven by the acquisition, sale, and reinvestment of the proceeds of the investment securities from the American National acquisition. See Note 3 Business Combinations and Note 6 Investment Securities of the notes to consolidated financial statements for additional detail. ◦Regulatory stocks of $329.4 million at June 30, 2026 were up $76.9 million, or 30%, from December 31, 2025 due to increases in FHLB advances in preparation for and execution of the the American National acquisition requiring additional purchases of FHLB stock. ◦Loans of $36.5 billion at June 30, 2026 were up $5.3 billion, or 17%, from December 31, 2025 primarily due to the American National acquisition and continued organic growth in the commercial and industrial loan portfolio. See Note 3 Business Combinations and Note 7 Loans of the notes to consolidated financial statements and Table 5 Period End Loan Composition below for additional detail. ◦Premise and equipment of $449.0 million at June 30, 2026, up $67.4 million, or 18% from December 31, 2025, primarily due to the American National acquisition. See Note 3 Business Combinations of the notes to consolidated financial statements for additional detail. •At June 30, 2026, total liabilities were $46.2 billion, up $5.9 billion, or 15%, from December 31, 2025. ◦Total deposits of $39.9 billion at June 30, 2026 were up $4.4 billion or 12%, from December 31, 2025. The increase was primarily due to deposits assumed from the American National acquisition. See Note 3 Business Combinations of the notes to consolidated financial statements for additional detail. ◦Federal funds purchased and securities sold under agreements to repurchase was $529.3 million at June 30, 2026, up $221.4 million, or 72%, from December 31, 2025. FHLB advances of $4.6 billion at June 30, 2026 were up $1.3 billion, or 40%, from December 31, 2025. These increases were driven by the Corporation's need for additional funding to fund the loan growth in the first half of 2026 as well as execution of the American National acquisition. See Note 9 Short and Long-Term Funding of the notes to consolidated financial statements for additional details. •At June 30, 2026, the loans to deposits ratio was 91.32%, up from 87.65% at December 31, 2025. •At June 30, 2026, total stockholders' equity was $5.6 billion, up $662.8 million, or 13%, from December 31, 2025 primarily due to the issuance of additional shares of the Corporation's common stock in connection with the acquisition of American National. 61 Table of Contents Loans Table 5 Period End Loan Composition Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 (Dollars in thousands) Amount % of Total Amount % of Total Amount % of Total Amount % of Total Amount % of Total Commercial and industrial $ 13,750,175 38 % $ 12,339,597 39 % $ 11,799,757 38 % $ 11,567,651 37 % $ 11,281,964 37 % Commercial real estate — owner occupied 1,575,445 4 % 1,193,778 4 % 1,186,324 4 % 1,149,939 4 % 1,101,501 4 % Commercial and business lending 15,325,620 42 % 13,533,375 43 % 12,986,081 42 % 12,717,590 41 % 12,383,465 40 % Commercial real estate — investor 6,492,950 18 % 5,266,584 16 % 5,246,030 17 % 5,369,441 17 % 5,370,422 18 % Real estate construction 2,546,186 7 % 2,117,479 7 % 1,994,642 6 % 1,958,766 6 % 1,950,267 6 % Commercial real estate lending 9,039,136 25 % 7,384,063 23 % 7,240,672 23 % 7,328,207 24 % 7,320,689 24 % Total commercial 24,364,756 67 % 20,917,438 66 % 20,226,753 65 % 20,045,797 65 % 19,704,154 64 % Residential mortgage 6,808,398 19 % 6,727,734 21 % 6,793,957 22 % 6,858,285 22 % 6,949,387 23 % Auto finance 4,044,416 11 % 3,136,334 10 % 3,106,498 10 % 3,041,644 10 % 2,969,495 10 % Home equity 826,343 2 % 706,075 2 % 713,271 2 % 698,112 2 % 676,208 2 % Other consumer 423,127 1 % 310,583 1 % 323,135 1 % 308,126 1 % 308,361 1 % Total consumer 12,102,284 33 % 10,880,726 34 % 10,936,861 35 % 10,906,167 35 % 10,903,451 36 % Total loans $ 36,467,040 100 % $ 31,798,164 100 % $ 31,163,614 100 % $ 30,951,964 100 % $ 30,607,605 100 % The Corporation has long-term guidelines relative to the proportion of Commercial and Business, CRE, and Consumer loans within the overall loan portfolio. Furthermore, certain sub-asset classes within the respective portfolios are further defined and dollar limitations are placed on these sub-portfolios. These guidelines and limits are reviewed quarterly and approved annually by the ERC. These guidelines and limits are designed to create balance and diversification within the loan portfolios. 62 Table of Contents The Corporation’s loan distribution and interest rate sensitivity as of June 30, 2026 are summarized in the following table: Table 6 Loan Distribution and Interest Rate Sensitivity (Dollars in thousands) Within 1 Year(a) 1-5 Years 5-15 Years Over 15 Years Total % of Total Fixed rate Commercial and industrial $ 4,840,849 $ 1,396,539 $ 342,031 $ 35 $ 6,579,454 18 % Commercial real estate — owner occupied 160,187 397,749 125,816 6,931 690,683 2 % Commercial and business lending 5,001,036 1,794,288 467,847 6,966 7,270,137 20 % Commercial real estate — investor 697,252 654,378 94,312 5,232 1,451,174 4 % Real estate construction 410,812 113,475 10,903 6,935 542,125 1 % Commercial real estate lending 1,108,064 767,853 105,215 12,167 1,993,299 5 % Total commercial 6,109,100 2,562,141 573,062 19,133 9,263,436 25 % Residential mortgage 22,691 74,371 302,290 3,953,549 4,352,901 12 % Auto finance 22,074 2,310,151 1,712,191 — 4,044,416 11 % Home equity 1,099 6,308 23,844 6,995 38,246 — % Other consumer 7,684 75,135 61,436 4,315 148,570 — % Total consumer 53,548 2,465,965 2,099,761 3,964,859 8,584,133 23 % Total fixed rate loans $ 6,162,648 $ 5,028,106 $ 2,672,823 $ 3,983,992 $ 17,847,569 48 % Floating or adjustable rate Commercial and industrial $ 7,046,167 $ 114,620 $ 972 $ 8,962 $ 7,170,721 20 % Commercial real estate — owner occupied 789,238 94,747 777 — 884,762 2 % Commercial and business lending 7,835,405 209,367 1,749 8,962 8,055,483 22 % Commercial real estate — investor 4,786,443 250,962 3,759 612 5,041,776 14 % Real estate construction 1,981,142 22,919 — — 2,004,061 6 % Commercial real estate lending 6,767,585 273,881 3,759 612 7,045,837 20 % Total commercial 14,602,990 483,248 5,508 9,574 15,101,320 42 % Residential mortgage 221,237 1,035,531 1,198,674 55 2,455,497 7 % Home equity 754,144 33,600 316 37 788,097 2 % Other consumer 274,557 — — — 274,557 1 % Total consumer 1,249,938 1,069,131 1,198,990 92 3,518,151 10 % Total floating or adjustable rate loans $ 15,852,928 $ 1,552,379 $ 1,204,498 $ 9,666 $ 18,619,471 52 % Total loans $ 22,015,576 $ 6,580,485 $ 3,877,321 $ 3,993,658 $ 36,467,040 100 % (a) Demand loans, past due loans, overdrafts, and credit cards are reported in the “Within 1 Year” category. At June 30, 2026, $24.8 billion, or 68%, of the loans outstanding and $21.2 billion, or 87%, of the commercial loans outstanding were floating rate, adjustable rate, re-pricing within one year, or maturing within one year. Credit Risk An active credit risk management process is used for commercial loans to ensure that sound and consistent credit decisions are made. Credit risk is controlled by detailed underwriting procedures, comprehensive loan administration, and periodic review of borrowers’ outstanding loans and commitments. Borrower relationships are formally reviewed and graded on an ongoing basis for early identification of potential problems. Further analysis by customer, industry, and geographic location is performed to monitor trends, financial performance, and concentrations. See Note 7 Loans of the notes to consolidated financial statements for additional information on managing overall credit quality. The loan portfolio is widely diversified by types of borrowers, industry groups, and market areas primarily within the Corporation's lending footprint. Significant loan concentrations are considered to exist when there are amounts loaned to numerous borrowers engaged in similar activities that would cause them to be similarly impacted by economic or other conditions. At June 30, 2026, no significant concentrations existed in the Corporation’s portfolio in excess of 10% of total loan exposure. Commercial and business lending: The commercial and business lending classification primarily includes commercial loans to large corporations, middle market companies, small businesses, and asset-based lending and equipment financing. 63 Table of Contents Table 7 Largest Commercial and Industrial Industry Group Exposures, by NAICS Subsector Jun 30, 2026 NAICS Subsector Outstanding Balance Total Exposure % of Total Loan Exposure (Dollars in thousands) Utilities(a) 221 $ 3,253,512 $ 4,249,681 9 % Real Estate(b) 531 2,616,999 4,137,227 8 % Credit Intermediation and Related Activities(c) 522 1,039,948 1,583,471 3 % Merchant Wholesalers, Durable Goods 423 737,268 1,213,733 2 % (a) 72% of the total utilities exposure comes from renewable energy sources (wind, solar, hydroelectric, and geothermal). (b) 63% of the total real estate exposure comes from REIT lines. (c) 71% of credit intermediation and related activities exposure comes from mortgage warehouse lines. The remaining commercial and industrial portfolio is spread over a diverse range of industries, none of which exceed 2% of total loan exposure. The CRE-owner occupied portfolio is spread over a diverse range of industries, none of which exceed 2% of total loan exposure. The credit risk related to commercial and business lending is largely influenced by general economic conditions and the resulting impact on a borrower’s operations or on the value of underlying collateral, if any. Commercial real estate - investor: Commercial real estate - investor is comprised of loans secured by various non-owner occupied or investor income producing property types. Table 8 Largest Commercial Real Estate - Investor Property Type Exposures Jun 30, 2026 % of Total Loan Exposure % of Total Commercial Real Estate - Investor Loan Exposure Multi-Family 5 % 37 % Industrial 3 % 24 % Office 2 % 16 % The remaining commercial real estate - investor portfolio is spread over various other property types, none of which exceed 2% of total loan exposure. Credit risk is managed in a similar manner to commercial and business lending by employing sound underwriting guidelines, lending primarily to borrowers in local markets and businesses, periodically evaluating the underlying collateral, and formally reviewing the borrower’s financial soundness and relationship on an ongoing basis. Real estate construction: Real estate construction loans are primarily short-term or interim loans that provide financing for the acquisition or development of commercial income properties, multi-family projects, or residential development, both single family and condominium. Real estate construction loans are made to developers and project managers who are generally well known to the Corporation and have prior successful project experience. The credit risk associated with real estate construction loans is generally confined to specific geographic areas but is also influenced by general economic conditions. The Corporation controls the credit risk on these types of loans by making loans in familiar markets to developers, reviewing the merits of individual projects, controlling loan structure, and monitoring project progress and construction advances. Table 9 Largest Real Estate Construction Property Type Exposures Jun 30, 2026 % of Total Loan Exposure % of Total Real Estate Construction Loan Exposure Multi-Family 5 % 50 % The remaining real estate construction portfolio is spread over various other property types, none of which exceed 2% of total loan exposure. The Corporation’s current lending standards for CRE and real estate construction lending are determined by property type and specifically address many criteria, including: maximum loan amounts, maximum LTV, requirements for pre-leasing and/or presales, minimum borrower equity, and maximum loan-to-cost. Currently, the maximum standard for LTV is 80%, with lower limits established for certain higher risk types, such as raw land that has a 50% LTV maximum. Certain loans acquired through business combinations may not adhere to these underwriting standards. The Corporation’s LTV guidelines are in compliance with regulatory supervisory limits. In most cases, for real estate construction loans, the loan amounts include interest reserves, which are built into the loans and sized to fund loan payments through construction and lease up and/or sell out. 64 Table of Contents Residential mortgages: Residential mortgage loans are primarily first-lien home mortgages with a maximum loan-to-collateral value without credit enhancement (e.g. private mortgage insurance) of 80%. The residential mortgage portfolio is focused primarily in the Corporation's six-state branch footprint, with approximately 94% of the outstanding loan balances in the Corporation's branch footprint at June 30, 2026. The rates on adjustable rate mortgages adjust based upon the movement in the underlying index which is then added to a margin and rounded to the nearest 0.125%. That result is then subjected to any periodic caps to produce the borrower's interest rate for the coming term. Adjustable rate mortgages are typically offered with an initial fixed rate term of 5, 7 or 10 years. The Corporation generally retains certain fixed-rate residential real estate mortgages in its loan portfolio, including retail and private banking jumbo mortgages and CRA-related mortgages. As part of management’s historical practice of originating and servicing residential mortgage loans, generally the Corporation’s 30-year, agency conforming, fixed-rate residential real estate mortgage loans have been sold in the secondary market with servicing rights retained. Subject to management’s analysis of the current interest rate environment, among other market factors, the Corporation may choose to retain mortgage loan production on its balance sheet. The Corporation’s underwriting and risk-based pricing guidelines for residential mortgage loans include minimum borrower FICO score and maximum LTV of the property securing the loan. Residential mortgage products generally are underwritten using FHLMC and FNMA secondary marketing guidelines. Home equity: Home equity consists of both home equity lines of credit and closed-end home equity loans. The Corporation’s credit risk monitoring guidelines for home equity are based on an ongoing review of loan delinquency status, as well as a quarterly review of FICO score deterioration and property devaluation. The Corporation does not routinely obtain appraisals on performing loans to update LTV ratios after origination; however, the Corporation monitors the local housing markets by reviewing the various home price indices and incorporates the impact of the changing market conditions in its ongoing credit monitoring process. For junior lien home equity loans, the Corporation is unable to track the performance of the first lien loan if it does not own or service the first lien loan. However, the Corporation obtains a refreshed FICO score on a quarterly basis and monitors this as part of its assessment of the home equity portfolio. The Corporation’s underwriting and risk-based pricing guidelines for home equity lines of credit and loans consist of a combination of both borrower FICO score and the original cumulative LTV against the property securing the loan. Currently, the Corporation's policy sets the maximum acceptable LTV at 90%. Certain loans acquired through business combinations may not adhere to these underwriting standards. The Corporation's current home equity line of credit offering is priced based on floating rate indices and generally allows 10 years of interest-only payments followed by a 20-year amortization of the outstanding balance. The loans in the Corporation's portfolio generally have an original term of 20 years with principal and interest payments required. Indirect Auto: The Corporation currently purchases retail auto sales contracts via a network of approved auto dealerships across 22 states throughout the Northeast, Mid-Atlantic, Midwest, and Great Plains regions of the United States. The auto dealerships finance the sale of automobiles as the initial lender and then assign the contracts to the Corporation pursuant to dealer agreements. The Corporation’s underwriting and pricing guidelines are based on a dual risk grade derived from a combination of FICO auto score and proprietary internal custom score. Minimum grade and FICO score standards ensure the credit risk is appropriately managed to the Corporation’s risk appetite. Further, the grade influences loan-specific parameters such as vehicle age, term, LTV, loan amount, mileage, payment and debt service thresholds, and pricing. Maximum loan terms offered are 84 months on select grades with vehicle age, mileage, and other limitations in place to qualify. The program is designed to capture primarily prime and super prime contracts. Other consumer: Other consumer consists of credit cards, recreational vehicles, revolving credit plans, and student loans. Credit risk for other consumer loans is influenced by general economic conditions, the characteristics of individual borrowers, and the nature of the loan collateral. Risks of loss are generally on smaller average balances per loan spread over many borrowers. Once charged off, there is usually less opportunity for recovery of these smaller consumer loans. Credit risk is primarily controlled by reviewing the creditworthiness of the borrowers, monitoring payment histories, and taking appropriate collateral and guarantee positions. Nonperforming Assets Management is committed to a proactive nonaccrual and problem loan identification philosophy. This philosophy is implemented through the ongoing monitoring and review of all pools of risk in the loan portfolio to ensure that problem loans are identified quickly and the risk of loss is minimized. Table 10 provides detailed information regarding NPAs, which include nonaccrual loans, OREO, and repossessed assets, and also includes information on accruing loans past due and restructured loans: 65 Table of Contents Table 10 Nonperforming Assets (Dollars in thousands) Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Nonperforming assets Commercial and industrial $ 44,388 $ 19,606 $ 7,178 $ 12,802 $ 6,945 Commercial real estate — owner occupied 3,255 34 203 203 — Commercial and business lending 47,643 19,640 7,381 13,006 6,945 Commercial real estate — investor 11,184 8,078 8,311 7,333 15,805 Real estate construction 2,974 25 144 145 146 Commercial real estate lending 14,158 8,103 8,455 7,478 15,950 Total commercial 61,801 27,743 15,836 20,484 22,895 Residential mortgage 70,335 66,890 68,492 69,093 73,817 Auto finance 10,973 8,888 8,271 8,218 8,004 Home equity 6,582 6,950 7,774 8,299 8,201 Other consumer 262 110 55 85 82 Total consumer 88,152 82,838 84,592 85,696 90,104 Total nonaccrual loans 149,953 110,581 100,428 106,179 112,999 Commercial real estate owned 28,856 25,530 25,530 27,203 31,629 Residential real estate owned 2,690 3,692 2,414 1,816 1,687 Bank properties real estate owned(a) 2,506 3,312 72 249 972 OREO 34,052 32,534 28,016 29,268 34,287 Repossessed assets 1,293 806 757 789 882 Total nonperforming assets $ 185,298 $ 143,921 $ 129,201 $ 136,236 $ 148,169 Accruing loans past due 90 days or more Commercial $ 565 $ 385 $ 370 $ 395 $ 12,123 Consumer(b) 1,723 2,105 2,444 2,297 2,038 Total accruing loans past due 90 days or more $ 2,288 $ 2,490 $ 2,814 $ 2,692 $ 14,160 Restructured loans (accruing) Commercial $ 367 $ 461 $ 458 $ 458 $ 431 Consumer 5,888 5,849 5,584 4,280 3,630 Total restructured loans (accruing) $ 6,255 $ 6,310 $ 6,042 $ 4,738 $ 4,061 Nonaccrual restructured loans (included in nonaccrual loans) $ 5,068 $ 4,424 $ 3,472 $ 3,899 $ 3,704 Ratios Nonaccrual loans to total loans 0.41 % 0.35 % 0.32 % 0.34 % 0.37 % NPAs to total loans plus OREO and repossessed assets 0.51 % 0.45 % 0.41 % 0.44 % 0.48 % NPAs to total assets 0.36 % 0.32 % 0.29 % 0.31 % 0.34 % Allowance for credit losses on loans to nonaccrual loans 329.75 % 384.36 % 417.56 % 390.49 % 364.42 % Accruing loans 30-89 days past due Commercial and industrial $ 10,668 $ 24,253 $ 2,683 $ 1,071 $ 2,593 Commercial real estate — owner occupied 893 345 34 — 5,628 Commercial and business lending 11,561 24,598 2,717 1,071 8,221 Commercial real estate — investor 3,089 33,487 19,405 14,190 1,042 Real estate construction 1,437 — 117 21 90 Commercial real estate lending 4,526 33,487 19,522 14,211 1,132 Total commercial 16,087 58,085 22,239 15,282 9,353 Residential mortgage 14,034 7,755 13,135 12,684 8,744 Auto finance 20,367 14,549 16,445 14,013 13,149 Home equity 4,536 2,742 3,779 4,265 4,338 Other consumer(b) 2,988 2,173 2,704 2,728 2,578 Total consumer 41,925 27,219 36,063 33,689 28,810 Total accruing loans 30-89 days past due $ 58,012 $ 85,304 $ 58,302 $ 48,971 $ 38,163 (a) Primarily closed branches and other bank operated real estate facilities, pending disposition. (b) Excluding guaranteed student loans. Nonaccrual loans: Nonaccrual loans are considered to be one indicator of potential future loan losses. See Note 7 Loans of the notes to consolidated financial statements for additional nonaccrual loan disclosures. See also sections Credit Risk and Allowance for Credit Losses on Loans. OREO: Management actively seeks to ensure OREO properties held are monitored to minimize the Corporation’s risk of loss. 66 Table of Contents Accruing loans past due 90 days or more: Loans past due 90 days or more but still accruing interest are classified as such where the underlying loans are both well-secured (the collateral value is sufficient to cover principal and accrued interest) and are in the process of collection. Restructured loans: Loans are considered restructured loans if concessions have been granted to borrowers that are experiencing financial difficulty. See also Note 7 Loans of the notes to consolidated financial statements for additional restructured loans disclosures. Allowance for Credit Losses on Loans Credit risks within the loan portfolio are inherently different for each loan type. Credit risk is controlled and monitored through the use of lending standards, a thorough review of potential borrowers, and ongoing review of loan payment performance. Active asset quality administration, including early problem loan identification and timely resolution of problems, aids in the management of credit risk and the minimization of loan losses. Credit risk management for each loan type is discussed in the section entitled Credit Risk. See Note 7 Loans of the notes to consolidated financial statements for additional disclosures on the ACLL. To assess the appropriateness of the ACLL, the Corporation focuses on the evaluation of many factors, including but not limited to: evaluation of facts and issues related to specific loans, management’s ongoing review and grading of the loan portfolio, credit report refreshes, consideration of historical loan loss and delinquency experience on each portfolio category, trends in past due and nonaccrual loans, the risk characteristics of the various classifications of loan segments, changes in the size and character of the loan portfolio, concentrations of loans to specific borrowers or industries, existing economic conditions and economic forecasts, the fair value of underlying collateral, funding assumptions on lines, and other qualitative and quantitative factors which could affect potential credit losses. The forecast the Corporation used for June 30, 2026 was the Moody's baseline scenario from May 2026, which was reviewed against the June 2026 baseline scenario with no material updates made, over a two year reasonable and supportable period with straight-line reversion to historical losses over the second year of the period. Assessing these factors involves significant judgment. Because each of the criteria used is subject to change, the ACLL is not necessarily indicative of the trend of future credit losses on loans in any particular segment. Therefore, management considers the ACLL a critical accounting estimate, see section Critical Accounting Estimates in the Corporation's 2025 Annual Report on Form 10-K for additional information on the ACLL. See section Nonperforming Assets for a detailed discussion on asset quality. See also Note 7 Loans of the notes to consolidated financial statements for additional ACLL disclosures. Table 5 provides information on loan growth and period end loan composition, Table 10 provides additional information regarding NPAs, and Table 11 and Table 12 provide additional information regarding activity in the ACLL. The loan segmentation used in calculating the ACLL at June 30, 2026 and December 31, 2025 was generally comparable. The methodology to calculate the ACLL consists of the following components: a valuation allowance estimate is established for commercial and consumer loans determined by the Corporation to be individually evaluated, using discounted cash flows, estimated fair value of underlying collateral, and/or other data available. Loans are segmented for criticized loan pools by loan type as well as for non-criticized loan pools by loan type, primarily based on risk rating rates after considering loan type, historical loss and delinquency experience, credit quality, and industry classifications. Loans that have been criticized are considered to have a higher risk of default than non-criticized loans, as circumstances were present to support the lower loan grade, warranting higher loss factors. Additionally, management allocates ACLL to absorb losses that may not be provided for by the other components due to qualitative factors evaluated by management, such as limitations within the credit risk grading process, known current economic or business conditions that may not yet show in trends, industry or other concentrations with current issues that impose higher inherent risks than are reflected in the loss factors, and other relevant considerations. The total allowance is available to absorb losses from any segment of the loan portfolio. 67 Table of Contents Table 11 Allowance for Credit Losses on Loans YTD Quarter Ended (Dollars in thousands) Jun 30, 2026 Jun 30, 2025 Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Allowance for loan losses Balance at beginning of period $ 378,068 $ 363,545 $ 385,756 $ 378,068 $ 378,341 $ 376,515 $ 371,348 Provision for loan losses recorded at acquisition 397 — 397 — — — — Initial allowance for PCD loans 39,512 — 39,512 — — — — Initial allowance for PSL 28,263 — 28,263 — — — — Provision for loan losses 26,000 34,500 13,000 13,000 2,000 15,000 18,000 Charge offs (34,492) (32,062) (26,282) (8,210) (7,636) (15,254) (18,348) Recoveries 5,981 10,531 3,083 2,898 5,363 2,081 5,515 Net charge offs (28,511) (21,531) (23,199) (5,312) (2,273) (13,173) (12,833) Balance at end of period $ 443,729 $ 376,515 $ 443,729 $ 385,756 $ 378,068 $ 378,341 $ 376,515 Allowance for unfunded commitments Balance at beginning of period $ 41,276 $ 38,776 $ 39,276 $ 41,276 $ 36,276 $ 35,276 $ 35,276 Initial allowance for PCD unfunded commitments 3,597 — 3,597 — — — — Initial allowance for purchased seasoned unfunded commitments 1,871 — 1,871 — — — — Provision for unfunded commitments 4,000 (3,500) 6,000 (2,000) 5,000 1,000 — Balance at end of period $ 50,744 $ 35,276 $ 50,744 $ 39,276 $ 41,276 $ 36,276 $ 35,276 Allowance for credit losses on loans $ 494,473 $ 411,791 $ 494,473 $ 425,032 $ 419,344 $ 414,618 $ 411,791 Provision for credit losses on loans 30,397 31,000 19,397 11,000 7,000 16,000 18,000 Net (charge offs) recoveries Commercial and industrial $ (20,340) $ (6,552) $ (17,604) $ (2,736) $ 1,524 $ (1,230) $ (1,826) Commercial real estate — owner occupied — — — — (113) — — Commercial and business lending (20,340) (6,552) (17,604) (2,736) 1,411 (1,230) (1,826) Commercial real estate — investor (2,210) (9,385) (2,710) 500 94 (8,930) (8,493) Real estate construction 4 150 2 2 2 2 121 Commercial real estate lending (2,206) (9,235) (2,708) 502 96 (8,928) (8,372) Total commercial (22,546) (15,787) (20,312) (2,234) 1,507 (10,158) (10,198) Residential mortgage (49) (105) (197) 148 (197) (231) (302) Auto finance (3,351) (2,208) (1,508) (1,843) (2,010) (1,505) (689) Home equity 690 526 251 439 2 56 237 Other consumer (3,255) (3,957) (1,433) (1,822) (1,575) (1,336) (1,881) Total consumer (5,965) (5,744) (2,887) (3,078) (3,780) (3,015) (2,636) Total net charge offs $ (28,511) $ (21,531) $ (23,199) $ (5,312) $ (2,273) $ (13,173) $ (12,833) Ratios Allowance for credit losses on loans to total loans 1.36 % 1.34 % 1.35 % 1.34 % 1.35 % Allowance for credit losses on loans to net charge offs (annualized) 8.6x 9.5x 5.3x 19.7x 46.5x 7.9x 8.0x Loan evaluation method for ACLL Individually evaluated for impairment $ 18,624 $ 19,919 $ 2,992 $ 4,518 $ — Collectively evaluated for impairment 475,849 405,113 416,352 410,100 411,791 Total ACLL $ 494,473 $ 425,032 $ 419,344 $ 414,618 $ 411,791 Loan balance Individually evaluated for impairment $ 65,645 $ 59,321 $ 21,651 $ 19,282 $ 21,431 Collectively evaluated for impairment 36,401,395 31,738,843 31,141,963 30,932,683 30,586,174 Total loan balance $ 36,467,040 $ 31,798,164 $ 31,163,614 $ 30,951,964 $ 30,607,605 68 Table of Contents Table 12 Annualized Net (Charge Offs) Recoveries to Average Loans YTD Quarter Ended (In basis points) Jun 30, 2026 Jun 30, 2025 Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Net (charge offs) recoveries Commercial and industrial (33) (12) (54) (9) 5 (4) (7) Commercial real estate — owner occupied — — — — (4) — — Commercial and business lending (30) (11) (48) (9) 4 (4) (6) Commercial real estate — investor (8) (34) (17) 4 1 (67) (61) Real estate construction — 2 — — — — 3 Commercial real estate lending (5) (25) (12) 3 1 (49) (45) Total commercial (21) (16) (34) (4) 3 (20) (21) Residential mortgage — — (1) 1 (1) (1) (2) Auto finance (19) (15) (15) (24) (26) (20) (9) Home equity 18 16 12 25 — 3 14 Other consumer (180) (256) (138) (235) (200) (173) (244) Total consumer (10) (11) (9) (11) (14) (11) (10) Total net charge offs (17) (14) (26) (7) (3) (17) (17) Notable Contributions to the Change in the Allowance for Credit Losses on Loans •Total nonaccrual loans increased $49.5 million, or 49%, from December 31, 2025, and increased $37.0 million, or 33%, from June 30, 2025. The increase from December 31, 2025 was primarily driven by an organic increase in commercial and industrial and auto finance lending, partially offset by decreases in home equity and residential mortgage lending. Additionally, nonaccrual loans acquired from American National contributed to the increase. The increase from June 30, 2025 was primarily driven by nonaccrual loans acquired from American National. There were also organic increases in commercial and industrial and auto finance lending, partially offset by decreases in CRE - investor, residential mortgage, and home equity lending. See Note 7 Loans of the notes to consolidated financial statements and Table 10 for additional disclosures on the changes in asset quality. •YTD net charge offs increased $7.0 million from June 30, 2025, primarily driven by net charge offs of loans acquired from American National. See Table 11 and Table 12 for additional information on the activity in the ACLL. Management believes the level of ACLL to be appropriate at June 30, 2026. Deposits and Customer Funding The following table summarizes the composition of our deposits and customer funding: Table 13 Period End Deposit and Customer Funding Composition Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 (Dollars in thousands) Amount % of Total Amount % of Total Amount % of Total Amount % of Total Amount % of Total Noninterest-bearing demand $ 6,908,338 17 % $ 6,125,067 17 % $ 6,126,632 17 % $ 5,906,251 17 % $ 5,782,487 17 % Savings 6,171,614 15 % 5,660,641 16 % 5,471,870 15 % 5,380,574 15 % 5,291,674 15 % Interest-bearing demand 8,697,879 22 % 7,964,665 22 % 7,823,362 22 % 7,791,861 22 % 7,490,772 22 % Money market 7,614,164 19 % 6,188,045 17 % 6,139,438 17 % 5,785,871 17 % 5,915,867 17 % Network transaction deposits 1,823,130 5 % 1,746,518 5 % 2,154,995 6 % 2,013,964 6 % 1,792,362 5 % Brokered CDs 3,933,787 10 % 3,562,752 10 % 3,795,133 11 % 3,956,517 11 % 4,072,048 12 % Other time deposits 4,782,343 12 % 4,484,077 13 % 4,041,178 11 % 4,046,815 12 % 3,802,356 11 % Total deposits $ 39,931,255 100 % $ 35,731,765 100 % $ 35,552,608 100 % $ 34,881,853 100 % $ 34,147,565 100 % Other customer funding(a) 55,371 42,372 47,794 64,570 75,440 Total deposits and other customer funding $ 39,986,626 $ 35,774,137 $ 35,600,402 $ 34,946,423 $ 34,223,005 Less: Total network transaction deposits and brokered CDs 5,756,917 5,309,270 5,950,128 5,970,481 5,864,410 Core customer deposits(b) and other customer funding $ 34,229,709 $ 30,464,867 $ 29,650,274 $ 28,975,941 $ 28,358,595 Time deposits of more than $250,000 1,073,890 956,299 834,309 832,718 775,107 (a) Includes repurchase agreements. (b) This is a non-GAAP financial measure. See Table 19 Non-GAAP Measures for a reconciliation to GAAP financial measures. 69 Table of Contents •Total deposits, which are the Corporation's largest source of funds, increased $4.4 billion, or 12% from December 31, 2025, and increased $5.8 billion, or 17%, from June 30, 2025. The increases from December 31, 2025 and June 30, 2025, were driven by the American National acquisition causing increases in all deposit categories, except network transaction deposits and brokered CD's, respectively. •Estimated uninsured and uncollateralized deposits, excluding intercompany deposits, were 26.5% of total deposits at both June 30, 2026 and December 31, 2025, while it was 24.8% at June 30, 2025. Liquidity The objective of liquidity risk management is to ensure that the Corporation has the ability to generate sufficient cash or cash equivalents in a timely and cost-effective manner to satisfy the cash flow requirements of depositors and borrowers and to meet its other commitments as they become due. The Corporation’s liquidity risk management process is designed to identify, measure, and manage the Corporation’s funding and liquidity risk to meet its daily funding needs in the ordinary course of business, as well as to address expected and unexpected changes in its funding requirements. The Corporation engages in various activities to manage its liquidity risk, including diversifying its funding sources, stress testing, and holding readily-marketable assets which can be used as a source of liquidity, if needed. The Corporation performs dynamic scenario analysis in accordance with industry best practices. Measures have been established to ensure the Corporation has sufficient high quality short-term liquidity to meet cash flow requirements under stressed scenarios. In addition, the Corporation also reviews static measures such as deposit funding as a percent of total assets and liquid asset levels. Strong capital ratios, credit quality, and core earnings are also essential to maintaining cost effective access to wholesale funding markets. At June 30, 2026, the Corporation was in compliance with its internal liquidity objectives and had sufficient asset-based liquidity to meet its obligations even under a stressed scenario. The Corporation maintains diverse and readily available liquidity sources, including: •Lines of credit with the Federal Reserve Bank and FHLB, which require eligible loan and investment collateral to be pledged. Based on the amount of collateral pledged, the FHLB established a collateral value from which the Bank may draw advances, and issue letters of credit in favor of public fund depositors, against the collateral. As of June 30, 2026, the Bank had $5.3 billion available for future funding. The Federal Reserve Bank also establishes a collateral value of assets to support borrowings from the discount window. As of June 30, 2026, the Bank had $6.4 billion available for discount window borrowings. •Issuances by the Parent Company; the Corporation maintains on file with the SEC a universal shelf registration statement, under which the Parent Company may offer the following securities, either separately or in units: debt securities, preferred stock, depositary shares, common stock, and warrants. •Bank issuances; the Bank may also issue institutional CDs, network transaction deposits, and brokered CDs. •Global Bank Note Program issuances; the Bank has implemented a program pursuant to which it may offer up to $2.0 billion aggregate principal amount of its unsecured senior and subordinated notes. 70 Table of Contents The following table presents secured and total available liquidity sources, estimated uninsured and uncollateralized deposits (excluding intercompany deposits), and coverage of estimated uninsured and uncollateralized deposits. Table 14 Liquidity Sources and Uninsured Deposit Coverage Ratio (Dollars in thousands) Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Federal Reserve Bank balance $ 1,265,738 $ 915,691 $ 1,139,401 $ 799,991 $ 735,876 Available FHLB Chicago capacity 5,330,837 5,574,246 6,221,495 5,943,747 5,026,154 Available Federal Reserve Bank discount window capacity 6,387,365 6,506,759 6,443,766 5,725,892 5,441,186 Funding available within one business day(a) 12,983,940 12,996,696 13,804,662 12,469,630 11,203,216 Available federal funds lines 1,967,000 1,981,000 1,846,000 1,419,000 1,729,000 Available brokered deposits capacity(b) 2,014,958 1,529,791 823,055 697,898 734,649 Unsecured debt capacity(c) 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 Total available liquidity $ 17,965,898 $ 17,507,487 $ 17,473,717 $ 15,586,528 $ 14,666,865 Uninsured and uncollateralized deposits $ 10,590,229 $ 9,178,436 $ 9,432,066 $ 8,697,563 $ 8,469,167 Coverage ratio of uninsured and uncollateralized deposits with secured funding available within one business day 123 % 142 % 146 % 143 % 132 % Coverage ratio of uninsured and uncollateralized deposits with total funding 170 % 191 % 185 % 179 % 173 % (a) Estimated based on normal course of operations with indicated institution. (b) Availability based on internal policy limitations. The Corporation includes outstanding deposits that have received a primary purpose exemption in the brokered deposit classification as they have similar funding characteristics and risk as brokered deposits. (c) Estimated availability based on the Corporation's current internal funding considerations. Based on contractual obligations and ongoing operations, the Corporation's sources of liquidity are sufficient to meet present and future liquidity needs. See Table 17 for information about the Corporation's contractual obligations and other commitments. See section Deposits and Customer Funding for information about uninsured deposits and concentrations. Credit ratings impact the Corporation's ability to issue debt securities and the cost to borrow money. Adverse changes in credit ratings impact not only the ability to raise funds in the capital markets but also the cost of these funds. For additional information regarding risks related to adverse changes in our credit ratings, see Part I, Item 1A, Risk Factors in the Corporation's Annual Report on Form 10-K for the year ended December 31, 2025. For the six months ended June 30, 2026, net cash provided by operating and financing activities was $343.0 million and $1.2 billion, respectively, while investing activities used net cash of $1.4 billion, for a net increase in cash and cash equivalents of $110.6 million since year-end 2025. At June 30, 2026, assets of $51.8 billion increased $6.6 billion, or 15%, from year-end 2025. On the funding side, deposits of $39.9 billion increased $4.4 billion, or 12% from year-end 2025, short-term funding increased $221.4 million, or 72%, and FHLB advances increased $1.3 billion or 40%. For the six months ended June 30, 2025, net cash provided by operating and financing activities was $239.6 million and $765.5 million, respectively, while investing activities used net cash of $764.6 million, for a net increase in cash and cash equivalents of $240.5 million since year-end 2024. At June 30, 2025, assets of $44.0 billion increased $970.7 million, or 2%, from year-end 2024. On the funding side, deposits of $34.1 billion decreased $500.9 million, or 1%, from year-end 2024, short-term funding decreased $394.8 million, or 84%, and FHLB advances increased $2.0 billion, or 109%. Quantitative and Qualitative Disclosures about Market Risk Market risk and interest rate risk are managed centrally. Market risk is the potential for loss arising from adverse changes in the fair value of fixed-income securities, equity securities, other earning assets, and derivative financial instruments as a result of changes in interest rates or other factors. Interest rate risk is the potential for reduced net interest income resulting from adverse changes in the level of interest rates. As a financial institution that engages in transactions involving an array of financial products, the Corporation is exposed to both market risk and interest rate risk. In addition to market risk, interest rate risk is measured and managed through a number of methods. The Corporation uses financial modeling simulation techniques that measure the sensitivity of future earnings due to changing rate environments to measure interest rate risk. Policies established by the Corporation’s ALCO and approved by the Board of Directors are intended to limit these risks. The Board has delegated day-to-day responsibility for managing market and interest rate risk to ALCO. The primary objectives of market risk management are to minimize any adverse effect that changes in market risk factors may have on net interest income and to offset the risk of price changes for certain assets recorded at fair value. 71 Table of Contents Interest Rate Risk The primary goal of interest rate risk management is to control exposure to interest rate risk within policy limits approved by the Board of Directors. These limits and guidelines reflect the Corporation's risk appetite for interest rate risk over both short-term and long-term horizons. The major sources of the Corporation's non-trading interest rate risk are timing differences in the maturity and re-pricing characteristics of assets and liabilities, changes in the shape of the yield curve, and the potential exercise of explicit or embedded options. We measure these risks and their impact by identifying and quantifying exposures through the use of sophisticated simulation and valuation models which are employed by management to understand interest rate sensitive EAR and MVE at risk. The Corporation’s interest rate risk profile is such that, generally, a higher yield curve adds to income while a lower yield curve has a negative impact on earnings. The Corporation's EAR profile is asset sensitive at June 30, 2026. For further discussion of the Corporation's interest rate risk and corresponding key assumptions, see the Interest Rate Risk section of Management’s Discussion and Analysis of Financial Condition and Results of Operations included in the Corporation’s 2025 Annual Report on Form 10-K. The sensitivity analysis included below is measured as a percentage change in EAR due to gradual moves in benchmark interest rates from a baseline scenario over 12 months. We evaluate the sensitivity using: 1) a dynamic forecast incorporating expected growth in the balance sheet, and 2) a static forecast where the current balance sheet is held constant. While a gradual shift in interest rates was used in this analysis to provide an estimate of exposure under a probable scenario, an instantaneous shift in interest rates would have a more significant impact. No EAR breaches occurred during the first six months of 2026. Table 15 Estimated % Change in Rate Sensitive Earnings at Risk Over 12 Months Jun 30, 2026 Dec 31, 2025 Dynamic Forecast Static Forecast Dynamic Forecast Static Forecast Gradual Rate Change 100 bp increase in interest rates 1.9 % 1.8 % 1.5 % 2.0 % 200 bp increase in interest rates 3.7 % 3.4 % 2.8 % 3.9 % 100 bp decrease in interest rates (1.2) % (1.0) % (0.8) % (1.4) % 200 bp decrease in interest rates (2.6) % (2.4) % (2.2) % (3.4) % At June 30, 2026, the MVE profile indicates a decrease in net balance sheet value due to instantaneous upward changes in rates and an increase in net balance sheet value due to instantaneous downward changes in rates. Table 16 Market Value of Equity Sensitivity Jun 30, 2026 Dec 31, 2025 Instantaneous Rate Change 100 bp increase in interest rates (4.8) % (5.2) % 200 bp increase in interest rates (10.6) % (11.8) % 100 bp decrease in interest rates 2.5 % 2.3 % 200 bp decrease in interest rates 2.2 % 1.4 % Since MVE measures the discounted present value of cash flows over the estimated lives of instruments, the change in MVE does not directly correlate to the degree that earnings would be impacted over a shorter time horizon (i.e., the current year). Further, MVE does not take into account factors such as future balance sheet growth, changes in product mix, changes in yield curve relationships, and changes in product spreads that could mitigate the adverse impact of changes in interest rates. The above EAR and MVE measures do not include all actions that management may undertake to manage this risk in response to anticipated changes in interest rates. 72 Table of Contents Contractual Obligations, Commitments, Off-Balance Sheet Arrangements, and Contingent Liabilities The following table summarizes significant contractual obligations and other commitments at June 30, 2026, at those amounts contractually due to the recipient, including any unamortized premiums or discounts, hedge basis adjustments, or other similar carrying value adjustments. Table 17 Contractual Obligations and Other Commitments (in thousands) One Year or Less One to Three Years Three to Five Years Over Five Years Total Time deposits $ 8,500,693 $ 195,624 $ 19,761 $ 52 $ 8,716,130 Federal funds purchased and securities sold under agreements to repurchase 529,276 — — — 529,276 FHLB advances 4,368,275 204,249 2,157 — 4,574,681 Senior and subordinated debt — — 298,547 292,533 591,080 Operating leases 5,853 10,098 7,342 16,544 39,837 Total $ 13,404,097 $ 409,971 $ 327,807 $ 309,129 $ 14,451,004 The Corporation also has obligations under its derivatives, lending-related commitments, and retirement plans as described in Note 10 Derivative and Hedging Activities, Note 12 Commitments, Off-Balance Sheet Arrangements, and Legal Proceedings, and Note 14 Retirement Plans of the notes to consolidated financial statements, respectively. Further discussion of the nature of federal funds purchased and securities sold under agreements to repurchase, FHLB advances, and senior and subordinated debt is included in Note 9 Short and Long-Term Funding of the notes to consolidated financial statements. Capital Management actively reviews capital strategies for the Corporation and each of its subsidiaries in light of perceived business risks, future growth opportunities, industry standards, and compliance with regulatory requirements. The assessment of overall capital adequacy depends on a variety of factors, including asset quality, liquidity, stability of earnings, changing competitive forces, economic conditions in markets served, and strength of management. At June 30, 2026, the capital ratios of the Corporation and its banking subsidiaries were in excess of regulatory minimum requirements. The Corporation’s capital ratios are summarized in the following table. Compliance with regulatory minimum capital requirements is a tool used in assessing the Corporation's capital adequacy, but not determinative of how the Corporation would fare under extreme stress. Factors that may affect the adequacy of the Corporation's capital include the inherent limitations of fair value estimates and the assumptions thereof, the inherent limitations of the regulatory risk-weights assigned to various asset types, the inherent limitations of accounting classifications of certain investments and the effect on their measurement, external macroeconomic conditions and their effects on capital and the Corporation's ability to raise capital or refinance capital commitments, and the extent of steps taken by state or federal government authorities in periods of extreme stress. For additional information regarding the potential for additional regulation and supervision, see Part I, Item 1A, Risk Factors in the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2025. 73 Table of Contents Table 18 Capital Ratios YTD Quarter Ended (Dollars in thousands) Jun 30, 2026 Jun 30, 2025 Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Risk-based capital(a) CET1(b) $ 4,304,915 $ 3,744,610 $ 3,683,711 $ 3,584,712 $ 3,493,316 Tier 1 capital 4,499,027 3,938,722 3,877,823 3,778,824 3,687,428 Total capital 5,259,164 4,657,925 4,593,079 4,488,957 4,394,367 Total risk-weighted assets 41,108,330 35,773,810 35,125,680 34,688,358 34,241,408 CET1 capital ratio(b) 10.47 % 10.47 % 10.49 % 10.33 % 10.20 % Tier 1 capital ratio 10.94 % 11.01 % 11.04 % 10.89 % 10.77 % Total capital ratio 12.79 % 13.02 % 13.08 % 12.94 % 12.83 % Tier 1 leverage ratio 8.99 % 8.98 % 8.96 % 8.81 % 8.72 % Selected equity and performance ratios Total stockholders’ equity / total assets 10.88 % 10.96 % 11.01 % 10.95 % 10.87 % Average stockholders' equity / average assets 11.05 % 10.88 % 10.98 % 11.12 % 11.05 % 10.95 % 10.90 % Tangible common equity / tangible assets (TCE Ratio)(c) 8.27 % 8.27 % 8.29 % 8.18 % 8.06 % (a) The Federal Reserve establishes regulatory capital requirements, including well-capitalized standards, for the Corporation. The regulatory capital requirements effective for the Corporation follow Basel III, subject to certain transition provisions. (b) The Corporation is not classified as an advanced approaches holding company as defined by the Federal Reserve. As such, the Corporation has elected to be subject to the AOCI-related adjustments when calculating CET1 capital which allows the Corporation to opt-out of the requirement to include most components of AOCI in CET1 capital. (c) This is a non-GAAP financial measure. See Table 19 Non-GAAP Measures for a reconciliation to GAAP financial measures. See Part II, Item 2, Unregistered Sales of Equity Securities and Use of Proceeds, for information on the shares repurchased during the second quarter of 2026. 74 Table of Contents Non-GAAP Measures Table 19 Non-GAAP Measures YTD Quarter Ended (Dollars in thousands) Jun 30, 2026 Jun 30, 2025 Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Tangible common equity reconciliation Common equity $ 5,444,011 $ 4,803,760 $ 4,781,235 $ 4,674,186 $ 4,586,669 Less: Goodwill and other intangible assets, net 1,264,034 1,125,639 1,127,842 1,130,044 1,132,247 Tangible common equity for TBV / share and TCE Ratio $ 4,179,977 $ 3,678,121 $ 3,653,393 $ 3,544,142 $ 3,454,422 Tangible assets reconciliation Total assets $ 51,812,506 $ 45,593,740 $ 45,202,596 $ 44,455,863 $ 43,993,729 Less: Goodwill and other intangible assets, net 1,264,034 1,125,639 1,127,842 1,130,044 1,132,247 Tangible assets for TCE Ratio $ 50,548,472 $ 44,468,101 $ 44,074,754 $ 43,325,819 $ 42,861,482 Average tangible common equity reconciliation Average common equity $ 5,124,860 $ 4,487,789 $ 5,433,872 $ 4,812,415 $ 4,713,445 $ 4,627,038 $ 4,538,549 Less: Average goodwill and other intangible assets, net 1,197,702 1,134,600 1,267,876 1,126,748 1,129,055 1,131,385 1,133,627 Average tangible common equity for ROATCE $ 3,927,158 $ 3,353,189 $ 4,165,996 $ 3,685,667 $ 3,584,390 $ 3,495,653 $ 3,404,922 Average tangible assets reconciliation Average total assets $ 48,144,569 $ 43,027,526 $ 51,235,842 $ 45,018,948 $ 44,402,771 $ 44,015,203 $ 43,420,063 Less: Average goodwill and other intangible assets, net 1,197,702 1,134,600 1,267,876 1,126,748 1,129,055 1,131,385 1,133,627 Average tangible assets for return on average tangible assets $ 46,946,867 $ 41,892,926 $ 49,967,966 $ 43,892,200 $ 43,273,716 $ 42,883,818 $ 42,286,436 Adjusted net income reconciliation Net income $ 243,200 $ 212,916 $ 123,564 $ 119,635 $ 137,129 $ 124,732 $ 111,230 Other intangible amortization, net of tax 6,822 3,304 5,170 1,652 1,652 1,652 1,652 Adjusted net income for return on average tangible assets $ 250,022 $ 216,220 $ 128,734 $ 121,287 $ 138,781 $ 126,384 $ 112,882 Adjusted net income available to common equity reconciliation Net income available to common equity $ 237,450 $ 207,166 $ 120,689 $ 116,760 $ 134,254 $ 121,857 $ 108,355 Other intangible amortization, net of tax 6,822 3,304 5,170 1,652 1,652 1,652 1,652 Adjusted net income available to common equity for ROATCE $ 244,272 $ 210,470 $ 125,859 $ 118,412 $ 135,906 $ 123,509 $ 110,007 Period end core customer deposits reconciliation Total deposits $ 39,931,255 $ 35,731,765 $ 35,552,608 $ 34,881,853 $ 34,147,565 Less: Network transaction deposits 1,823,130 1,746,518 2,154,995 2,013,964 1,792,362 Less: Brokered CDs 3,933,787 3,562,752 3,795,133 3,956,517 4,072,048 Core customer deposits $ 34,174,338 $ 30,422,495 $ 29,602,480 $ 28,911,371 $ 28,283,155 Average core customer deposits reconciliation Average total deposits $ 37,786,008 $ 34,516,592 $ 40,382,227 $ 35,160,943 $ 35,628,917 $ 34,705,887 $ 34,203,201 Less: Average network transaction deposits 1,898,760 1,845,974 1,879,876 1,917,854 2,090,587 1,933,659 1,843,998 Less: Average brokered CDs 3,808,685 4,201,955 4,085,995 3,528,294 3,998,012 3,916,329 4,089,844 Average core customer deposits $ 32,078,563 $ 28,468,663 $ 34,416,356 $ 29,714,795 $ 29,540,318 $ 28,855,899 $ 28,269,359 Total expense for efficiency ratios reconciliation Noninterest expense $ 491,045 $ 419,971 $ 271,882 $ 219,163 $ 219,466 $ 216,202 $ 209,352 Less: Other intangible amortization 9,096 4,405 6,894 2,203 2,203 2,203 2,203 Total expense for fully tax-equivalent efficiency ratio 481,949 415,566 264,988 216,960 217,263 213,999 207,149 Less: Acquisition costs(a) 25,476 — 24,469 1,007 252 — — Total expense for adjusted efficiency ratio $ 456,473 $ 415,566 $ 240,519 $ 215,953 $ 217,011 $ 213,999 $ 207,149 Total revenue for efficiency ratios reconciliation Net interest income $ 677,228 $ 585,940 $ 370,039 $ 307,190 $ 309,981 $ 305,222 $ 300,000 Noninterest income 156,256 125,754 80,398 75,857 79,384 81,265 66,977 Less: Investment securities (losses) gains, net 6 11 35 (28) 37 1 7 Fully tax-equivalent adjustment 8,279 8,483 4,139 4,139 4,196 4,222 4,228 Total revenue for fully tax-equivalent efficiency ratio 841,757 720,166 454,541 387,214 393,524 390,708 371,198 Less: Announced initiatives(b) — (6,976) — — — — — Total revenue for adjusted efficiency ratio $ 841,757 $ 727,142 $ 454,541 $ 387,214 $ 393,524 $ 390,708 $ 371,198 (a) During the fourth quarter of 2025, the Corporation entered into a definitive agreement to acquire American National. The acquisition was completed on April 1, 2026. These costs, incurred in connection with the acquisition, represent nonrecurring costs. (b) Announced initiatives include the loss on mortgage portfolio sale as a result of balance sheet repositioning that the Corporation announced in the fourth quarter of 2024. 75 Table of Contents Sequential Quarter Results The Corporation reported net income of $123.6 million for the second quarter of 2026, compared to a net income of $119.6 million for the first quarter of 2026. Net income available to common equity was $120.7 million for the second quarter of 2026, or $0.64 and $0.63 for basic and diluted earnings per common share, respectively. Comparatively, the net income available to common equity for the first quarter of 2026 was $116.8 million, or $0.70 for both basic and diluted earnings per common share. Fully tax-equivalent net interest income for the second quarter of 2026 was $374.2 million, $62.8 million, or 20%, higher than the first quarter of 2026. The increase in net interest income was driven by growth in average earning assets resulting from the American National acquisition, along with an improved interest rate spread. The net interest margin in the second quarter of 2026 and first quarter of 2026 were 3.17% and 3.03%, respectively. Average earning assets increased $5.9 billion, or 14%, to $47.3 billion in the second quarter of 2026. Driven by the acquisition of American National's loan portfolio and continued organic growth in commercial and industrial lending, average loans increased $4.6 billion, or 15%. On the funding side, average total interest-bearing deposits increased $4.2 billion, or 14%, primarily driven by the acquisition of American National along with organic increases in all deposit types except for network transaction deposits and money market. The provision for credit losses was $19.4 million for the second quarter of 2026 and $11.0 million for the first quarter of 2026. This was due to an increase in our allowance for unfunded commitments; and general macroeconomic trends. See discussion under sections: Provision for Credit Losses, Nonperforming Assets, and Allowance for Credit Losses on Loans. Noninterest income for the second quarter of 2026 was $80.4 million, up $4.5 million, or 6% from the first quarter of 2026. This is due to an increase in income from card-based fees and service charges and deposit account fees, partially offset by a decrease in mortgage banking income. Noninterest expense for the second quarter of 2026 was $271.9 million, up $52.7 million, or 24% from the first quarter of 2026. This was primarily driven by increases in expenses related to the American National acquisition. For the second quarter of 2026, the Corporation recognized income tax expense of $35.6 million, compared to an income tax expense of $33.2 million for the first quarter of 2026. The increase in expense from the first quarter of 2026 was primarily attributable to an increase in net income from the American National acquisition. Comparable Quarter Results The Corporation reported net income of $123.6 million for the second quarter of 2026, compared to net income of $111.2 million for the second quarter of 2025. Net income available to common equity was $120.7 million for the second quarter of 2026, or $0.64 and $0.63 for basic and diluted earnings per common share, respectively. Comparatively, net income available to common equity for the second quarter of 2025 was $108.4 million, or $0.65 for both basic and diluted earnings per common share. Fully tax-equivalent net interest income for the second quarter of 2026 was $374.2 million, $70.0 million, or 23%, higher than the second quarter of 2025. The net interest margin between the comparable quarters was up 13 bp, to 3.17% in the second quarter of 2026 from the second quarter of 2025. The increase in net interest income was primarily driven by growth in average earning assets resulting from the American National acquisition, along with an improved interest rate spread. Average earning assets increased $7.2 billion, or 18%, to $47.3 billion in the second quarter of 2026. Average loans increased $5.4 billion, or 18% and average investments increased $1.8 billion, or 19%, primarily due to the American National transaction and continued organic growth in commercial and industrial lending. On the funding side, average interest-bearing deposits increased $4.8 billion, or 17%, from the second quarter of 2025, primarily due to the American National acquisition. Average short and long-term funding increased $750.1 million, or 19%, primarily due to increases in federal funds purchased and securities sold under repurchase agreements and short term FHLB advances driven by the Corporation's need for additional funding to continue to fund the loan growth as well as execution of the American National acquisition. The provision for credit losses was $19.4 million for the second quarter of 2026, compared to a provision of $18.0 million for the second quarter of 2025. This was due to loan growth, continued nominal credit movement in the portfolio, and general macroeconomic conditions. See discussion under sections: Provision for Credit Losses, Nonperforming Assets, and Allowance for Credit Losses on Loans. Noninterest income for the second quarter of 2026 was $80.4 million, up $13.4 million, or 20%, compared to the second quarter of 2025. This is due to an increase in income from wealth management fees, card-based fees, and service charges and deposit account fees, and partially offset by a decrease in mortgage banking income. 76 Back to table of contents Noninterest expense for the second quarter of 2026 was $271.9 million, up $62.5 million, or 30%, from the second quarter of 2025, driven by nonrecurring expenses related to the American National transaction and increases in personnel expense related to increases in annual incentive accruals and health care costs and technology costs. The Corporation recognized income tax expense of $35.6 million for the second quarter of 2026, compared to income tax expense of $28.4 million for the second quarter of 2025. The increase was due the net effect of several discrete items with favorable tax rate impacts in the second quarter of 2025 that did not reoccur, as well as an increase in net income in the second quarter of 2026. Segment Review The reportable segments are Corporate and Commercial Specialty; Community, Consumer and Business; and Risk Management and Shared Services. The financial information of the Corporation’s segments was compiled utilizing the accounting policies described in the Corporation’s 2025 Annual Report on Form 10-K and Note 15 Segment Reporting of the notes to consolidated financial statements. Table 20 Selected Segment Financial Data Three Months Ended Jun 30, Six Months Ended Jun 30, (Dollars in thousands) 2026 2025 % Change 2026 2025 % Change Corporate and Commercial Specialty Total revenue $ 177,331 $ 147,625 20% $ 319,616 $ 291,593 10% Provision for credit losses 21,287 20,369 5% 41,947 39,382 7% Noninterest expense 58,400 56,021 4% 108,131 112,155 (4)% Income tax expense 17,567 13,211 33% 30,825 25,997 19% Net income 80,077 58,025 38% 138,713 114,059 22% Average earning assets 21,167,443 17,501,224 21% 19,689,554 17,253,366 14% Average loans 21,160,951 17,483,645 21% 19,680,150 17,241,671 14% Average deposits 8,907,099 6,921,336 29% 7,928,845 7,082,223 12% Community, Consumer, and Business Total revenue $ 278,964 $ 263,830 6% $ 533,373 $ 520,783 2% Provision for credit losses 6,456 6,363 1% 13,391 12,434 8% Noninterest expense 174,545 153,331 14% 330,630 307,816 7% Income tax expense 20,676 21,869 (5)% 39,868 42,112 (5)% Net income 77,287 82,268 (6)% 149,484 158,421 (6)% Average earning assets 14,263,119 12,533,452 14% 13,478,556 12,591,669 7% Average loans 14,259,708 12,530,041 14% 13,475,145 12,588,258 7% Average deposits 24,622,409 21,185,516 16% 23,409,579 21,239,541 10% Risk Management and Shared Services Total net revenue $ (5,858) $ (44,478) (87)% $ (19,505) $ (100,682) (81)% Provision for credit losses (8,355) (8,736) (4)% (24,949) (20,817) 20% Noninterest expense 38,937 — N/M 52,284 — N/M Income tax benefit (2,640) (6,681) (60)% (1,843) (20,301) (91)% Net loss (33,800) (29,063) 16% (44,997) (59,564) (24)% Average earning assets 11,856,692 10,040,034 18% 11,166,195 9,835,976 14% Average loans 449,578 478,315 (6)% 433,250 472,615 (8)% Average deposits 6,852,719 6,096,349 12% 6,447,584 6,194,828 4% N/M = Not meaningful Notable Changes in Segment Financial Data Corporate and Commercial Specialty •Net income increased $24.7 million from the six months ended June 30, 2025, attributable to growth in commercial and business lending as well as the inclusion of operating results from the recent acquisition of American National. •Average earning assets and average loans increased $2.4 billion and compared to the six months ended June 30, 2025, primarily driven by the acquisition of American National and continued organic growth in commercial and industrial lending. 77 Table of Contents •Average deposits increased $846.6 million from the six months ended June 30, 2025 due to increases in all major deposit types primarily through the acquisition of American National. Community, Consumer, and Business •Average earning assets and average loans both increased by $886.9 million from the six months ended June 30, 2025, driven by the acquisition of American National loans with the majority being auto finance loans. •Average deposits increased $2.2 billion from the six months ended June 30, 2025, driven by increases in all deposit types through the acquisition of American National and organic core customer deposit growth. Risk Management and Shared Services •Total net revenue increased $81.2 million from the six months ended June 30, 2025, due to an increase in direct interest income due to the increased AFS securities acquired from American National and additional FTP expense being allocated to the other segments based on their related funding mixes. •Average earning assets increased $1.3 billion from the six months ended June 30, 2025, due to an increase to the Corporation's the investment portfolio following the American National acquisition. Critical Accounting Estimates In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and revenues and expenses for the period. Actual results could differ significantly from those estimates. The determination of the ACLL is particularly susceptible to significant change. A discussion of these estimates can be found in the Critical Accounting Estimates section in Management's Discussion and Analysis of Financial Condition and Results of Operations included in the Corporation’s 2025 Annual Report on Form 10-K. There have been no changes in the Corporation's application of critical accounting estimates since December 31, 2025. Recent Developments On July 28, 2026, the Corporation’s Board of Directors declared a regular quarterly cash dividend of $0.24 per common share, payable on September 15, 2026, to shareholders of record at the close of business on September 1, 2026. The Board of Directors also declared a regular quarterly cash dividend of $0.3671875 per depositary share on Associated's 5.875% Perpetual Preferred Stock, Series E, payable on September 15, 2026 to the shareholders of record at the close of business on September 1, 2026. The Board of Directors also declared a regular quarterly cash dividend of $0.3515625 per depositary share on Associated's 5.625% Perpetual Preferred Stock, Series F, payable on September 15, 2026 to the shareholders of record at the close of business on September 1, 2026.