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Exhibit 99.3 1st Quarter Earnings Conference Call April 22, 2022
1st Quarter Earnings Conference Call
First quarter 2022 overview
(1) Non-GAAP, see appendix for reconciliation. Pre-Tax Pre-Provision
Income(1)Diluted Earnings Per
ExpenseNet Income Available to
•ROATCE(1) ratio improved ~590 bps
•Annualized net charge-off ratio
totaled 0.21% of average loans.
•Efficiency ratio was 57.9% on both
a reported and adjusted basis(1).
•1Q loans grew 1% on an average basis and 2% on an ending
•Business loans increased 3% driven by broad-based growth
in corporate, middle market, and real estate lending. Line
of credit commitments increased $1.6B and utilization
◦Growth driven by asset-based lending, healthcare,
government, transportation, energy, technology &
defense, homebuilder and real estate investment
◦PPP loans continue to decrease, ending the quarter
at $437M. Expect PPP to reduce avg loans by
•Consumer loans declined 1% as increases in mortgage and
other consumer were offset by declines in other
◦Growth in mortgage muted by sale of ~$285M of
previously repurchased GNMA loans that were re-
◦Other Consumer includes ~2% growth in EnerBank
◦Expect consumer exit portfolios to reduce average
loans by ~$700M in FY22.
•Expect full-year 2022 reported average loan balances to
grow 4-5% compared to 2021.Loan growth continues
(Ending, $ in billions)
1Q21 4Q21 1Q22Loans and leases
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