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Principal Bank

Des Moines, IA · Cert 34507

State savings bank · OCC · 1 branch

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$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 $1B-$10B in assets (n=322 to 328). 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

44

Q2 2024Q2 2026peer median (50)

Asset Quality

80

Q2 2024Q2 2026peer median (50)

Profitability

60

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

96

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

Principal Bank

Des Moines, IA · Cert 34507

State savings bank · OCC · 1 branch

Q2 2026

$9.8BAssets
$3.0BLoans
$9.3BDeposits
$493.9MEquity
Loan mix
100%RE $2.9B0%C&I $0.0B0%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
100%Interest-bearing $9.3B0%Noninterest $0.0BQ2 2025Q2 2026

NIM

4.21%Q2 ’244.02%Q2 ’253.85%Q2 ’26+6%+1%

Non-interest income vs. expense

1.52%Q2 ’241.46%Q2 ’251.31%Q2 ’26+106%-84%

Market Position · Des Moines-West Des Moines, IA · 2026 SOD (annual) · 24.4% share · #1 of 57 inst. · $9.3B of $38.0B

Executive Summary

  • Earnings: ROA of 1.68%, up 63 bps year over year; NIM at 2.28%.
  • Asset quality: problem loans at 0.44% of loans (+1 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 7.13%, down 14 bps from a year ago.
  • Funding: loans stand at 32.32% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.68%+63 bps YoY

Net Interest Margin (YTD, annualized)

2.28%+1 bps YoY

Efficiency Ratio (YTD, annualized)

37.98%-1,417 bps YoY

Tier 1 Leverage Ratio

7.13%-14 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.06%1.11%1.24%1.71%1.68%+63 bps
Return on Equity22.68%23.21%25.47%33.27%33.04%+1,036 bps
Net Interest Margin2.26%2.18%2.22%2.32%2.28%+1 bps
Efficiency Ratio52.15%50.43%47.85%38.30%37.98%-1,417 bps
Non-Interest Burden0.92%0.78%0.67%0.17%0.14%-78 bps
Growth
Asset Growth (YoY)3.16%3.43%6.13%10.56%9.74%+658 bps
Loan Growth (YoY)13.29%12.58%18.50%10.74%13.51%+23 bps
Deposit Growth (YoY)2.14%3.47%5.36%10.23%10.50%+836 bps
Asset Quality
Nonperforming Loans / Loans0.43%0.44%0.47%0.41%0.44%+1 bps
Net Charge-Offs / Loans-0.36%-0.23%-0.16%0.00%0.00%+36 bps
Allowance / Loans0.35%0.39%0.29%0.23%0.25%-10 bps
Allowance Coverage of NPLs0.8x0.9x0.6x0.5x0.6x-0.2x
Capital
Tier 1 Leverage Ratio7.27%7.09%7.22%7.22%7.13%-14 bps
Total Risk-Based Capital16.31%15.99%15.65%15.38%15.07%-124 bps
Equity / Assets4.86%5.11%5.26%5.03%5.02%+16 bps
Liquidity & Funding
Loans / Deposits31.47%31.09%32.49%31.76%32.32%+86 bps
Liquid Assets / Assets4.43%3.75%4.05%4.32%3.26%-117 bps
CRE / Total Capitaln/a0.00%0.00%0.00%n/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

Principal Bank

Des Moines, IA · Cert 34507 · Peer group: banks $1B-$10B in assets (n=322-328)

State savings bank · OCC · 1 branch

Q2 2026

$9.8BAssets
$3.0BLoans
$9.3BDeposits
$493.9MEquity

Executive Summary

  • Strongest standing: net charge-offs / loans outperforms 100% of banks $1B-$10B in assets (rank 18 of 322).
  • Widest gap: equity / assets trails 100% of banks $1B-$10B in assets (rank 327 of 328).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

1.64%

Rank 67 of 328

Net Interest Margin

2.28%

Rank 319 of 328

Efficiency Ratio

37.98%

Rank 15 of 328

Equity / Assets

5.02%

Rank 327 of 328

Non-interest income vs. expense

$117.8M$132.2MINCOMEEXPENSE
Unfavorable gap of $14.5M · efficiency ratio beats 96% of banks $1B-$10B in assets
Bank 37.98%Peer median 59.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.64%0.91%1.22%1.52%Beats 80%67 / 328
Return on Equity32.72%8.43%11.45%14.43%Beats 98%7 / 328
Net Interest Margin2.28%3.03%3.45%3.83%Beats 3%319 / 328
Efficiency Ratio37.98%51.61%59.56%67.53%Beats 96%15 / 328
Asset Quality
Nonperforming Loans / Loans0.44%0.24%0.51%1.03%Beats 59%134 / 322
Net Charge-Offs / Loans0.00%0.01%0.03%0.10%Beats 100%18 / 322
Capital
Tier 1 Capital Ratio14.91%11.75%13.15%15.47%Beats 70%98 / 328
Total Risk-Based Capital Ratio15.07%12.63%14.15%16.46%Beats 63%123 / 328
Equity / Assets5.02%9.15%10.33%12.01%Beats 0%327 / 328
Liquidity & Funding
Loans / Deposits32.32%76.63%87.92%95.36%2nd pctl317 / 323
Loans / Assets30.42%65.18%74.15%79.98%3rd pctl317 / 328
Brokered Deposits / Depositsn/aNot reported for this institution