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Union Bank of California, National Association

San Francisco, CA · Cert 22826

FDIC · 298 branches

Q1 2023

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2023, the quarter ended March 31, 2023, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Union Bank of California, National Association

San Francisco, CA · Cert 22826

FDIC · 298 branches

Q1 2023

$100.0BAssets
$52.5BLoans
$70.9BDeposits
$15.5BEquity
Deposit mix
55%Interest-bearing $39.0B45%Noninterest $31.9BQ1 2022Q1 2023

NIM

2.32%Q1 ’212.40%Q1 ’224.46%Q1 ’23+9%+62%

Non-interest income vs. expense

3.33%Q1 ’213.83%Q1 ’222.68%Q1 ’23+37%+35%

Market Position · Los Angeles-Long Beach-Anaheim, CA · 2022 SOD (annual) · 5.9% share · #5 of 109 inst. · $47.0B of $795.8B

11.4% Los Angeles
8.3% San Diego
2.3% San Francisco
4.0% Orange

Executive Summary

  • Earnings: ROA of 1.13%, up 67 bps year over year; NIM at 3.65%.
  • Asset quality: problem loans at 0.96% of loans (+35 bps YoY), with net charge-offs at 0.97%.
  • Capital: tier 1 leverage ratio of 11.60%, down 80 bps from a year ago.
  • Funding: loans stand at 74.08% of deposits as of Q1 2023.

Financial Results

Return on Assets (YTD, annualized)

1.13%+67 bps YoY

Net Interest Margin (YTD, annualized)

3.65%+139 bps YoY

Efficiency Ratio (YTD, annualized)

53.34%-3,241 bps YoY

Tier 1 Leverage Ratio

11.60%-80 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2022Q2 2022Q3 2022Q4 2022Q1 2023YoY ΔTrend
Earnings
Return on Assets0.46%0.54%0.56%-0.42%1.13%+67 bps
Return on Equity3.55%4.24%4.44%-3.27%7.52%+397 bps
Net Interest Margin2.25%2.34%2.45%0.30%3.65%+139 bps
Efficiency Ratio85.75%83.64%82.06%55.21%53.34%-3,241 bps
Non-Interest Burden1.63%1.63%1.64%0.19%2.20%+57 bps
Growth
Asset Growth (YoY)-6.72%-6.41%-6.53%-18.31%-20.50%-1,378 bps
Loan Growth (YoY)1.26%1.46%-0.12%-33.45%-34.54%-3,581 bps
Deposit Growth (YoY)-7.03%-12.15%-13.00%-19.20%-28.28%-2,125 bps
Asset Quality
Nonperforming Loans / Loans0.61%0.52%0.51%0.66%0.96%+35 bps
Net Charge-Offs / Loans0.08%0.16%0.12%0.34%0.97%+89 bps
Allowance / Loansn/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio12.40%12.67%13.01%10.86%11.60%-80 bps
Total Risk-Based Capital17.67%18.03%18.56%19.72%21.02%+335 bps
Equity / Assetsn/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits81.17%86.25%87.77%65.06%74.08%-709 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a