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U.S. Bank Trust National Association SD

Sioux Falls, SD · Cert 34813

FDIC

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B 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 under $1B in assets (n=629). 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

99

Q2 2024Q2 2026peer median (50)

Asset Quality

No peer data yet

Profitability

64

Q2 2024Q2 2026peer median (50)

Liquidity

No peer data yet

Efficiency

99

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 National Association SD

Sioux Falls, SD · Cert 34813

FDIC

Q2 2026

$191.7MAssets
$0KLoans
$0KDeposits
$191.3MEquity

Executive Summary

  • Earnings: ROA of 8.41%, down 140 bps year over year; NIM at 3.56%.
  • Capital: tier 1 leverage ratio of 100.58%, up 21 bps from a year ago.

Return on Assets (YTD, annualized)

8.41%-140 bps YoY

Net Interest Margin (YTD, annualized)

3.56%-60 bps YoY

Efficiency Ratio (YTD, annualized)

18.01%+758 bps YoY

Tier 1 Leverage Ratio

100.58%+21 bps YoY

NIM

4.93%Q2 ’244.16%Q2 ’253.56%Q2 ’26-16%-14%

Non-interest income vs. expense

2.09%Q2 ’241.51%Q2 ’252.45%Q2 ’26+5%+13%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets10.88%10.86%10.12%9.81%9.93%9.95%7.99%8.41%-140 bps
Return on Equity10.96%10.94%10.24%9.90%10.02%10.04%8.08%8.48%-142 bps
Net Interest Margin4.92%4.73%4.18%4.16%4.12%3.99%3.57%3.56%-60 bps
Efficiency Ratio12.44%11.85%10.32%10.43%10.28%10.42%18.15%18.01%+758 bps
Non-Interest Burden-9.22%-9.23%-9.32%-8.78%-8.84%-8.79%-7.60%-7.60%+118 bps
Growth
Asset Growth (YoY)11.72%11.65%11.98%11.04%10.80%10.51%9.86%9.52%-153 bps
Loan Growth (YoY)n/an/an/an/an/an/an/an/an/an/a
Deposit Growth (YoY)n/an/an/an/an/an/an/an/an/an/a
Asset Quality
Nonperforming Loans / Loansn/an/an/an/an/an/an/an/an/an/a
Net Charge-Offs / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance / Loansn/an/an/an/an/an/an/an/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ratio100.65%100.35%100.12%100.37%100.50%100.38%99.89%100.58%+21 bps
Total Risk-Based Capital478%477%474%481%479%477%475%483%+201 bps
Equity / Assets99.39%99.19%98.44%99.59%99.37%99.24%98.53%99.82%+23 bps
Liquidity & Funding
Loans / Depositsn/an/an/an/an/an/an/an/an/an/a
Liquid Assets / Assets95.44%95.09%94.29%95.26%95.19%95.17%94.86%95.41%+15 bps
CRE / Total Capitaln/an/an/an/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 National Association SD

Sioux Falls, SD · Cert 34813 · Peer group: banks under $1B in assets (n=629)

FDIC

Q2 2026

$191.7MAssets
$0KLoans
$0KDeposits
$191.3MEquity

Executive Summary

  • Strongest standing: equity / assets outperforms 100% of banks under $1B in assets (rank 1 of 629).
  • Widest gap: return on equity trails 57% of banks under $1B in assets (rank 360 of 629).
  • Overall: at or above the peer median on 6 of 7 directional measures.

Return on Assets

8.29%

Rank 27 of 629

Net Interest Margin

3.56%

Rank 303 of 629

Efficiency Ratio

18.01%

Rank 6 of 629

Equity / Assets

99.82%

Rank 1 of 629

Non-interest income vs. expense

$19.1M$4.7MINCOMEEXPENSE
Favorable gap of $14.5M · efficiency ratio beats 99% of banks under $1B in assets
Bank 18.01%Peer median 67.8%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets8.29%0.60%1.01%1.45%Beats 96%27 / 629
Return on Equity8.30%5.38%9.30%13.28%Beats 43%360 / 629
Net Interest Margin3.56%3.03%3.54%4.05%Beats 52%303 / 629
Efficiency Ratio18.01%58.35%67.79%79.08%Beats 99%6 / 629
Asset Quality
Nonperforming Loans / Loansn/aNot reported for this institution
Net Charge-Offs / Loansn/aNot reported for this institution
Capital
Tier 1 Capital Ratio483%11.24%13.84%18.77%Beats 99%6 / 629
Total Risk-Based Capital Ratio483%11.58%14.43%19.66%Beats 99%6 / 629
Equity / Assets99.82%9.09%10.65%13.80%Beats 100%1 / 629
Liquidity & Funding
Loans / Depositsn/aNot reported for this institution
Loans / Assets0.00%53.31%67.71%78.15%0th pctl582 / 629
Brokered Deposits / Depositsn/aNot reported for this institution