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American Express National Bank

Sandy, UT · Cert 27471 · American Express Co.

National charter · OCC · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks over $10B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

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

Balance sheet: as filed at quarter end.

Peer group

Banks over $10B in assets (n=142 to 144). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

12

Q2 2024Q2 2026peer median (50)

Asset Quality

32

Q2 2024Q2 2026peer median (50)

Profitability

97

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

8

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

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

American Express National Bank

Sandy, UT · Cert 27471 · American Express Co.

National charter · OCC · 1 branch

Q2 2026

$213.9BAssets
$172.3BLoans
$171.6BDeposits
$19.2BEquity
Loan mix
0%RE $0.0B29%C&I $48.3B71%Consumer $118.4BQ2 2025Q2 2026
Deposit mix
100%Interest-bearing $171.1B0%Noninterest $0.4BQ2 2025Q2 2026

NIM

11.21%Q2 ’2411.04%Q2 ’2511.15%Q2 ’26+4%+6%

Non-interest income vs. expense

15.17%Q2 ’2414.87%Q2 ’2516.53%Q2 ’26-21%+143%

Market Position · Salt Lake City-Murray, UT · 2026 SOD (annual) · 14.6% share · #3 of 57 inst. · $171.6B of $1175.7B

Executive Summary

  • Earnings: ROA of 3.70%, down 23 bps year over year; NIM at 8.20%.
  • Asset quality: problem loans at 0.63% of loans (-7 bps YoY), with net charge-offs at 2.39%.
  • Capital: tier 1 leverage ratio of 8.84%, up 11 bps from a year ago.
  • Funding: loans stand at 100.45% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

3.70%-23 bps YoY

Net Interest Margin (YTD, annualized)

8.20%+43 bps YoY

Efficiency Ratio (YTD, annualized)

71.78%+400 bps YoY

Tier 1 Leverage Ratio

8.84%+11 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets3.93%3.98%3.89%3.74%3.70%-23 bps
Return on Equity42.73%44.03%43.03%42.14%41.56%-118 bps
Net Interest Margin7.77%7.71%7.89%8.15%8.20%+43 bps
Efficiency Ratio67.77%67.67%68.58%70.61%71.78%+400 bps
Non-Interest Burden0.70%0.71%0.91%1.58%1.70%+100 bps
Growth
Asset Growth (YoY)10.11%9.88%9.43%6.94%1.05%-906 bps
Loan Growth (YoY)7.58%8.07%7.48%7.07%7.18%-40 bps
Deposit Growth (YoY)13.28%14.77%11.86%9.53%1.84%-1,144 bps
Asset Quality
Nonperforming Loans / Loans0.70%0.74%0.71%0.73%0.63%-7 bps
Net Charge-Offs / Loans2.50%2.41%2.35%2.44%2.39%-11 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 Ratio8.73%8.49%8.96%8.71%8.84%+11 bps
Total Risk-Based Capital13.28%13.14%13.08%13.10%12.99%-29 bps
Equity / Assetsn/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits95.45%97.05%101.98%97.06%100.45%+500 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

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. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

American Express National Bank

Sandy, UT · Cert 27471 · Peer group: banks over $10B in assets (n=142-144) · American Express Co.

National charter · OCC · 1 branch

Q2 2026

$213.9BAssets
$172.3BLoans
$171.6BDeposits
$19.2BEquity

Executive Summary

  • Strongest standing: return on assets outperforms 98% of banks over $10B in assets (rank 3 of 144).
  • Widest gap: tier 1 capital ratio trails 97% of banks over $10B in assets (rank 139 of 144).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

3.70%

Rank 3 of 144

Net Interest Margin

8.20%

Rank 6 of 144

Efficiency Ratio

71.78%

Rank 134 of 144

Equity / Assets

8.95%

Rank 118 of 144

Non-interest income vs. expense

$32.1B$35.8BINCOMEEXPENSE
Unfavorable gap of $3.7B · efficiency ratio beats 8% of banks over $10B in assets
Bank 71.78%Peer median 56.0%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets3.70%1.00%1.26%1.54%Beats 98%3 / 144
Return on Equity41.35%8.98%11.34%14.40%Beats 98%3 / 144
Net Interest Margin8.20%2.82%3.31%3.68%Beats 96%6 / 144
Efficiency Ratio71.78%49.42%56.02%62.41%Beats 8%134 / 144
Asset Quality
Nonperforming Loans / Loans0.63%0.48%0.73%1.07%Beats 59%59 / 142
Net Charge-Offs / Loans1.57%0.05%0.11%0.22%Beats 4%137 / 142
Capital
Tier 1 Capital Ratio10.86%12.07%12.98%14.92%Beats 3%139 / 144
Total Risk-Based Capital Ratio12.99%13.39%14.14%16.25%Beats 15%123 / 144
Equity / Assets8.95%9.69%11.39%12.96%Beats 18%118 / 144
Liquidity & Funding
Loans / Deposits100.45%75.72%84.92%91.56%92nd pctl12 / 143
Loans / Assets80.55%59.83%69.07%74.80%92nd pctl11 / 144
Brokered Deposits / Depositsn/aNot reported for this institution