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U.S. Bank Trust Company, National Association

Portland, OR · Cert 34588

FDIC

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=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

100

Q2 2024Q2 2026peer median (50)

Asset Quality

No peer data yet

Profitability

77

Q2 2024Q2 2026peer median (50)

Liquidity

No peer data yet

Efficiency

98

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

U.S. Bank Trust Company, National Association

Portland, OR · Cert 34588

FDIC

Q2 2026

$3.2BAssets
$0KLoans
$0KDeposits
$2.9BEquity

NIM

3.32%Q2 ’242.99%Q2 ’252.70%Q2 ’26-14%-13%

Non-interest income vs. expense

18.43%Q2 ’2415.06%Q2 ’2512.97%Q2 ’26+35%-100%

Executive Summary

  • Earnings: ROA of 26.13%, up 1,153 bps year over year; NIM at 3.18%.
  • Capital: tier 1 leverage ratio of 98.64%, up 640 bps from a year ago.

Financial Results

Return on Assets (YTD, annualized)

26.13%+1,153 bps YoY

Net Interest Margin (YTD, annualized)

3.18%-46 bps YoY

Efficiency Ratio (YTD, annualized)

27.93%-1,699 bps YoY

Tier 1 Leverage Ratio

98.64%+640 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets14.60%15.15%14.28%17.74%26.13%+1,153 bps
Return on Equity16.03%16.60%15.64%19.29%28.46%+1,243 bps
Net Interest Margin3.64%3.56%3.41%3.26%3.18%-46 bps
Efficiency Ratio44.92%43.20%44.08%38.27%27.93%-1,699 bps
Non-Interest Burden-15.29%-15.60%-14.20%-18.41%-30.52%-1,523 bps
Growth
Asset Growth (YoY)19.41%17.67%15.64%16.58%24.49%+508 bps
Loan Growth (YoY)n/an/an/an/an/an/an/a
Deposit Growth (YoY)n/an/an/an/an/an/an/a
Asset Quality
Nonperforming Loans / Loansn/an/an/an/an/an/an/a
Net Charge-Offs / Loansn/an/an/an/an/an/an/a
Allowance / Loansn/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio92.24%92.10%90.66%93.19%98.64%+640 bps
Total Risk-Based Capital398%398%393%405%410%+1,158 bps
Equity / Assets91.73%91.74%91.48%92.35%91.63%-10 bps
Liquidity & Funding
Loans / Depositsn/an/an/an/an/an/an/a
Liquid Assets / Assets67.06%69.53%71.50%71.74%67.71%+65 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

U.S. Bank Trust Company, National Association

Portland, OR · Cert 34588 · Peer group: banks $1B-$10B in assets (n=328)

FDIC

Q2 2026

$3.2BAssets
$0KLoans
$0KDeposits
$2.9BEquity

Executive Summary

  • Strongest standing: tier 1 capital ratio outperforms 100% of banks $1B-$10B in assets (rank 1 of 328).
  • Widest gap: net interest margin trails 66% of banks $1B-$10B in assets (rank 216 of 328).
  • Overall: at or above the peer median on 6 of 7 directional measures.

Return on Assets

24.16%

Rank 3 of 328

Net Interest Margin

3.18%

Rank 216 of 328

Efficiency Ratio

28.07%

Rank 8 of 328

Equity / Assets

91.63%

Rank 2 of 328

Non-interest income vs. expense

$1.3B$0.4BINCOMEEXPENSE
Favorable gap of $0.9B · efficiency ratio beats 98% of banks $1B-$10B in assets
Bank 28.07%Peer median 59.6%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets24.16%0.91%1.22%1.52%Beats 99%3 / 328
Return on Equity26.37%8.43%11.45%14.43%Beats 97%11 / 328
Net Interest Margin3.18%3.03%3.45%3.83%Beats 34%216 / 328
Efficiency Ratio28.07%51.61%59.56%67.53%Beats 98%8 / 328
Asset Quality
Nonperforming Loans / Loansn/aNot reported for this institution
Net Charge-Offs / Loansn/aNot reported for this institution
Capital
Tier 1 Capital Ratio410%11.75%13.15%15.47%Beats 100%1 / 328
Total Risk-Based Capital Ratio410%12.63%14.15%16.46%Beats 100%1 / 328
Equity / Assets91.63%9.15%10.33%12.01%Beats 99%2 / 328
Liquidity & Funding
Loans / Depositsn/aNot reported for this institution
Loans / Assets0.00%65.18%74.15%79.98%0th pctl323 / 328
Brokered Deposits / Depositsn/aNot reported for this institution