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

NIM

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

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%.

Return on Assets (quarter, annualized)

1.13%+67 bps YoY

Net Interest Margin (quarter, annualized)

3.65%+139 bps YoY

Efficiency Ratio (quarter, annualized)

53.34%-3,241 bps YoY

Tier 1 Leverage Ratio

11.60%-80 bps YoY

Discrete quarter, annualized.

Metric	Q1 2022	Q2 2022	Q3 2022	Q4 2022	Q1 2023	YoY Δ	Trend
Earnings
Return on Assets	0.46%	0.62%	0.60%	-3.64%	1.13%	+67 bps
Return on Equity	3.55%	4.97%	4.89%	-27.35%	7.52%	+397 bps
Net Interest Margin	2.25%	2.40%	2.61%	-7.55%	3.65%	+139 bps
Efficiency Ratio	85.75%	81.49%	79.01%	66.75%	53.34%	-3,241 bps
Non-Interest Burden	1.63%	1.61%	1.62%	-5.13%	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 / Loans	0.61%	0.52%	0.51%	0.66%	0.96%	+35 bps
Net Charge-Offs / Loans	0.08%	0.24%	0.04%	0.81%	0.97%	+89 bps
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	12.40%	12.67%	13.01%	10.86%	11.60%	-80 bps
Total Risk-Based Capital	17.67%	18.03%	18.56%	19.72%	21.02%	+335 bps
Equity / Assets	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Liquidity & Funding
Loans / Deposits	81.17%	86.25%	87.77%	65.06%	74.08%	-709 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a