8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): April 18, 2018

TRIUMPH BANCORP, INC.

(Exact name of registrant as specified in its charter)

Texas	001-36722	20-0477066
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)
12700 Park Central Drive, Suite 1700, Dallas, Texas		75251
(Address of Principal Executive Offices)		(Zip Code)

(214) 365-6900

(Registrant’s telephone number, including area code)

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2b)

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4c)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company  ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☒

Item 2.02. Results of Operations and Financial Condition

On April 18, 2018, Triumph Bancorp, Inc. (the “Company”) issued a press release that announced its 2018 first quarter earnings. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein. This press release includes certain non-GAAP financial measures. A reconciliation of those measures to the most directly comparable GAAP measures is included as a table in the press release. The information in this Item 2.02, including Exhibit 99.1, shall be considered furnished for purposes of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and shall not be deemed “filed” for any purpose.

Item 7.01.Regulation FD Disclosure

In addition, this Form 8-K includes a copy of the Company’s presentation to analysts and investors for its quarter ended March 31, 2018, which is attached hereto as Exhibit 99.2. The information in this Item 7.01, including Exhibit 99.2, shall be considered furnished for purposes of the Exchange Act and shall not be deemed “filed” for any purpose.

Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking statements. Any statements about our expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. You can identify forward-looking statements by the use of forward-looking terminology such as “believes,” “expects,” “could,” “may,” “will,” “should,” “seeks,” “likely,” “intends,” “plans,” “pro forma,” “projects,” “estimates” or “anticipates” or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. You can also identify forward-looking statements by discussions of strategy, plans or intentions. Forward-looking statements involve numerous risks and uncertainties and you should not rely on them as predictions of future events. Forward-looking statements depend on assumptions, data or methods that may be incorrect or imprecise and we may not be able to realize them. We do not guarantee that the transactions and events described will happen as described (or that they will happen at all). The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: risks relating to our ability to consummate the pending acquisitions of First Bancorp of Durango, Inc. and Southern Colorado Corp., and our pending acquisition of the operating assets of Interstate Capital Corporation and certain of its affiliates, including the possibility that the expected benefits related to the pending acquisitions may not materialize as expected; of the pending acquisitions not being timely completed, if completed at all; that prior to the completion of the pending acquisitions, the targets’ businesses could experience disruptions due to transaction-related uncertainty or other factors making it more difficult to maintain relationships with employees, customers, other business partners or governmental entities, difficulty retaining key employees; and of the parties’ being unable to successfully implement integration strategies or to achieve expected synergies and operating efficiencies within our management’s expected timeframes or at all; business and economic conditions generally and in the bank and non-bank financial services industries, nationally and within our local market areas; our ability to mitigate our risk exposures; our ability to maintain our historical earnings trends; risks related to the integration of acquired businesses (including our pending acquisitions of First Bancorp of Durango, Inc. and Southern Colorado Corp., and our pending acquisition of the operating assets of Interstate Capital Corporation and certain of its affiliates, and our prior acquisitions of Valley Bancorp, Inc. and nine branches from Independent Bank in Colorado) and any future acquisitions; changes in management personnel; interest rate risk; concentration of our factoring services in the transportation industry; credit risk associated with our loan portfolio; lack of seasoning in our loan portfolio; deteriorating asset quality and higher loan charge-offs; time and effort necessary to resolve nonperforming assets; inaccuracy of the assumptions and estimates we make in establishing reserves for probable loan losses and other estimates; lack of liquidity; fluctuations in the fair value and liquidity of the securities we hold for sale; impairment of investment securities, goodwill, other intangible assets, or deferred tax assets; our risk management strategies; environmental liability associated with our lending activities; increased competition in the bank and non-bank financial services industries, nationally, regionally, or locally, which may adversely affect pricing and terms; the accuracy of our financial statements and related disclosures; material weaknesses in our internal control over financial reporting; system failures or failures to prevent breaches of our network security; the institution and outcome of litigation and other legal proceedings against us or to which we become subject; changes in carry-

forwards of net operating losses; changes in federal tax law or policy; the impact of recent and future legislative and regulatory changes, including changes in banking, securities, and tax laws and regulations, such as the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) and their application by our regulators; governmental monetary and fiscal policies; changes in the scope and cost of the Federal Deposit Insurance Corporation insurance and other coverages; failure to receive regulatory approval for future acquisitions; and increases in our capital requirements.

While forward-looking statements reflect our good-faith beliefs, they are not guarantees of future performance. All forward-looking statements are necessarily only estimates of future results. Accordingly, actual results may differ materially from those expressed in or contemplated by the particular forward-looking statement, and, therefore, you are cautioned not to place undue reliance on such statements. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events or circumstances, except as required by applicable law. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” and the forward-looking statement disclosure contained in Triumph’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on February 13, 2018.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits.

Exhibit	Description
99.1	Press release, dated April 18, 2018
99.2	Triumph Bancorp, Inc. Investor Presentation

EXHIBIT INDEX

Exhibit	Description
99.1	Press release, dated April 18, 2018
99.2	Triumph Bancorp, Inc. Investor Presentation

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

	TRIUMPH BANCORP, INC.
By:	/s/ Adam D. Nelson
	Name: Adam D. Nelson Title: Executive Vice President & General Counsel

Date: April 18, 2018

EX-99.1

Exhibit 99.1

Triumph Bancorp Reports First Quarter Net Income to Common Stockholders of $11.9 Million

DALLAS – April 18, 2018 (GLOBE NEWSWIRE) – Triumph Bancorp, Inc. (Nasdaq: TBK) (“Triumph”) today announced earnings and operating results for the first quarter of 2018.

As part of how we measure our results, we use certain non-GAAP financial measures to ascertain performance.  These non-GAAP financial measures are reconciled in the section labeled “Metrics and non-GAAP financial reconciliation” at the end of this press release.

2018 First Quarter Highlights and Recent Developments

• For the first quarter of 2018, net income was $12.1 million and net income available to common stockholders was $11.9 million, compared to net income of $6.3 million and net income available to common stockholders of $6.1 million for the quarter ended December 31, 2017. Diluted earnings per share were $0.56 for the quarter ended March 31, 2018, compared to $0.29 for the quarter ended December 31, 2017.  

• Net income for the quarter ended March 31, 2018 was impacted by (i) a gain on sale of Triumph Healthcare Finance (“THF”), our healthcare asset based lending line of business, of $1.1 million, or $0.8 million net of tax, and (ii) a combined loss on the sale of municipal securities and OREO valuation adjustments of $0.4 million.

• We report adjusted diluted earnings per share to remove the volatility of material gains and expenses related to merger and acquisition-related activities. Adjusted diluted earnings per share, which exclude the gain on sale of THF, net of taxes, were $0.52 for the quarter ended March 31, 2018. Adjusted diluted earnings per share, which exclude transaction costs related to our acquisition of Valley Bancorp, Inc. and our acquisition of nine branches from Independent Bank Group, Inc., net of taxes, were $0.34 for the quarter ended December 31, 2017.    

• Net interest margin (“NIM”) was 6.06% for the quarter ended March 31, 2018, compared to 6.16% for the quarter ended December 31, 2017. Adjusted NIM, which excludes loan discount accretion, was 5.81% for the quarter ended March 31, 2018, compared to 5.93% for the quarter ended December 31, 2017.

• Total loans held for investment increased $63.1 million, or 2.2%, to $2.874 billion at March 31, 2018, compared to $2.811 billion at December 31, 2017. Average loans for the quarter were $2.767 billion compared to $2.559 billion for the quarter ended December 31, 2017, an increase of 8.1%.

• Triumph Business Capital grew period-end clients to 3,438 clients at March 31, 2018 from 3,158 clients at December 31, 2017; an increase of 280 clients, or 8.9%. The total dollar value of invoices purchased for the quarter ended March 31, 2018 was $912.3 million with an average invoice price of $1,751 compared to purchases of $872.4 million and an average invoice price of $1,705 for the quarter ended December 31, 2017.

• At March 31, 2018, Triumph Business Capital had 61 clients utilizing the TriumphPay platform, our proprietary payment processing application. Of those 61 clients, 58 clients were freight broker factoring clients paying through the TriumphPay platform and 3 were freight brokers integrated directly with TriumphPay. For the quarter ended March 31, 2018, the TriumphPay application processed 35,780 invoices paying 11,438 distinct carriers a total of $51.1 million.

• On April 9, 2018 we entered into agreements to acquire First Bancorp of Durango, Inc. and Southern Colorado Corp. At December 31, 2017, First Bancorp of Durango, Inc. and Southern Colorado Corp. had a combined $734 million in assets, including $308 million in loans, and $653 million in deposits.

• On April 9, 2018 we entered into an agreement to acquire the transportation factoring assets of Interstate Capital Corporation. At December 31, 2017, Interstate Capital Corporation had $112 million in gross factored receivables.

• We completed a public offering of 5.4 million shares of our common stock on April 12, 2018. Our net proceeds from the offering, after deducting the underwriting discount and offering expenses, were approximately $192.1 million. The Company intends to use a significant portion of the net proceeds of this offering to fund the consideration payable in the pending acquisitions of First Bancorp of Durango, Inc., Southern Colorado Corp. and Interstate Capital Corporation, as well as, for general corporate purposes.

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Balance Sheet

Total loans held for investment were $2.874 billion at March 31, 2018. Our commercial finance loans, which comprise 33% of the loan portfolio, were $936.5 million at March 31, 2018, compared to $897.5 million at December 31, 2017, an increase of $39.0 million, or 4.3% in the first quarter of 2018.

Total deposits were $2.533 billion at March 31, 2018, a decrease of $87.9 million or 3.4% in the first quarter of 2018.  Non-interest-bearing deposits accounted for 22% of total deposits and non-time deposits accounted for 58% of total deposits at March 31, 2018.

Net Interest Income

We earned net interest income for the quarter ended March 31, 2018 of $47.1 million compared to $45.8 million for the quarter ended December 31, 2017.  

Yields on loans for the quarter ended March 31, 2018 were down 8 bps from the prior quarter to 7.65% (down 11 bps from the prior quarter to 7.36% adjusted to exclude loan discount accretion). The average cost of our total deposits was 0.68% for the quarter ended March 31, 2018 compared to 0.67% for the quarter ended December 31, 2017, on an annualized basis.  

Asset Quality

Non-performing assets increased 8 bps from December 31, 2017 to 1.47% of total assets at March 31, 2018.  The ratio of past due to total loans increased to 2.41% at March 31, 2018 from 2.33% at December 31, 2017. We recorded total net charge-offs of $1.3 million, or 0.05% of average loans, for the quarter ended March 31, 2018 compared to net charge-offs of $1.4 million, or 0.06% of average loans, for the quarter ended December 31, 2017.  We recorded a provision for loan losses of $2.5 million for the quarter ended March 31, 2018 compared to a provision of $1.9 million for the quarter ended December 31, 2017. From December 31, 2017 to March 31, 2018, our ALLL increased from $18.7 million or 0.67% of total loans to $20.0 million or 0.70% of total loans.  

Non-interest Income and Expense

We earned non-interest income for the quarter ended March 31, 2018 of $5.2 million compared to $4.0 million for the quarter ended December 31, 2017. Non-interest income for the quarter ended March 31, 2018 included a gain on sale of THF of $1.1 million and a combined loss on the sale of municipal securities and OREO valuation adjustments of $0.4 million.

For the quarter ended March 31, 2018, non-interest expense totaled $34.0 million, compared to $33.2 million for the quarter ended December 31, 2017.

Conference Call Information

Aaron P. Graft, Vice Chairman and CEO and Bryce Fowler, CFO will review the quarterly results in a conference call for investors and analysts beginning at 8:30 a.m. Central Time on Thursday, April 19, 2018. Dan Karas, Chief Lending Officer, will also be available for questions.

To participate in the live conference call, please dial 1-855-940-9472 (Canada: 1-855-669-9657) and request to be joined into the Triumph Bancorp, Inc. (TBK) call.  A simultaneous audio-only webcast may be accessed via the Company's website at www.triumphbancorp.com through the Investor Relations, News & Events, Webcasts and Presentations links, or through a direct link here at: https://services.choruscall.com/links/tbk180419.html.  An archive of this conference call will subsequently be available at this same location on the Company’s website.

About Triumph

Triumph Bancorp, Inc. (Nasdaq: TBK) is a financial holding company headquartered in Dallas, Texas.  Triumph offers a diversified line of community banking and commercial finance products through its bank subsidiary, TBK Bank, SSB. www.triumphbancorp.com

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Forward-Looking Statements

This press release contains forward-looking statements. Any statements about our expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. You can identify forward-looking statements by the use of forward-looking terminology such as “believes,” “expects,” “could,” “may,” “will,” “should,” “seeks,” “likely,” “intends,” “plans,” “pro forma,” “projects,” “estimates” or “anticipates” or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. You can also identify forward-looking statements by discussions of strategy, plans or intentions. Forward-looking statements involve numerous risks and uncertainties and you should not rely on them as predictions of future events. Forward-looking statements depend on assumptions, data or methods that may be incorrect or imprecise and we may not be able to realize them. We do not guarantee that the transactions and events described will happen as described (or that they will happen at all). The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: risks relating to our ability to consummate the pending acquisitions of First Bancorp of Durango, Inc. and Southern Colorado Corp., and our pending acquisition of the operating assets of Interstate Capital Corporation and certain of its affiliates, including the possibility that the expected benefits related to the pending acquisitions may not materialize as expected; of the pending acquisitions not being timely completed, if completed at all; that prior to the completion of the pending acquisitions, the targets’ businesses could experience disruptions due to transaction-related uncertainty or other factors making it more difficult to maintain relationships with employees, customers, other business partners or governmental entities, difficulty retaining key employees; and of the parties’ being unable to successfully implement integration strategies or to achieve expected synergies and operating efficiencies within our management’s expected timeframes or at all; business and economic conditions generally and in the bank and non-bank financial services industries, nationally and within our local market areas; our ability to mitigate our risk exposures; our ability to maintain our historical earnings trends; risks related to the integration of acquired businesses (including our pending acquisitions of First Bancorp of Durango, Inc. and Southern Colorado Corp., and our pending acquisition of the operating assets of Interstate Capital Corporation and certain of its affiliates, and our prior acquisitions of Valley Bancorp, Inc. and nine branches from Independent Bank in Colorado) and any future acquisitions; changes in management personnel; interest rate risk; concentration of our factoring services in the transportation industry; credit risk associated with our loan portfolio; lack of seasoning in our loan portfolio; deteriorating asset quality and higher loan charge-offs; time and effort necessary to resolve nonperforming assets; inaccuracy of the assumptions and estimates we make in establishing reserves for probable loan losses and other estimates; lack of liquidity; fluctuations in the fair value and liquidity of the securities we hold for sale; impairment of investment securities, goodwill, other intangible assets, or deferred tax assets; our risk management strategies; environmental liability associated with our lending activities; increased competition in the bank and non-bank financial services industries, nationally, regionally, or locally, which may adversely affect pricing and terms; the accuracy of our financial statements and related disclosures; material weaknesses in our internal control over financial reporting; system failures or failures to prevent breaches of our network security; the institution and outcome of litigation and other legal proceedings against us or to which we become subject; changes in carry-forwards of net operating losses; changes in federal tax law or policy; the impact of recent and future legislative and regulatory changes, including changes in banking, securities, and tax laws and regulations, such as the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) and their application by our regulators; governmental monetary and fiscal policies; changes in the scope and cost of the Federal Deposit Insurance Corporation insurance and other coverages; failure to receive regulatory approval for future acquisitions; and increases in our capital requirements.

While forward-looking statements reflect our good-faith beliefs, they are not guarantees of future performance. All forward-looking statements are necessarily only estimates of future results. Accordingly, actual results may differ materially from those expressed in or contemplated by the particular forward-looking statement, and, therefore, you are cautioned not to place undue reliance on such statements. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events or circumstances, except as required by applicable law. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" and the forward-looking statement disclosure contained in Triumph’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on February 13, 2018.

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Non-GAAP Financial Measures

This press release includes certain non‐GAAP financial measures intended to supplement, not substitute for, comparable GAAP measures. Reconciliations of non‐GAAP financial measures to GAAP financial measures are provided at the end of this press release.

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The following table sets forth key metrics used by Triumph to monitor its operations. Footnotes in this table can be found in our definitions of non-GAAP financial measures at the end of this document.

	As of and for the Three Months Ended
	March 31,			December 31,			September 30,			June 30,			March 31,
(Dollars in thousands)	2018			2017			2017			2017			2017
Financial Highlights:
Total assets	$	3,405,010		$	3,499,033		$	2,906,161		$	2,836,684		$	2,635,358
Loans held for investment	$	2,873,985		$	2,810,856		$	2,425,463		$	2,295,100		$	2,035,236
Deposits	$	2,533,498		$	2,621,348		$	2,012,545		$	2,072,181		$	2,024,288
Net income available to common stockholders	$	11,878		$	6,111		$	9,587		$	9,467		$	10,281
Performance Ratios - Annualized:
Return on average assets		1.43	%		0.79	%		1.36	%		1.42	%		1.62	%
Return on average total equity		12.20	%		6.35	%		10.71	%		12.60	%		14.44	%
Return on average common equity		12.30	%		6.30	%		10.79	%		12.75	%		14.66	%
Return on average tangible common equity (1)		14.75	%		7.33	%		12.28	%		14.94	%		17.49	%
Yield on loans		7.65	%		7.73	%		7.44	%		7.79	%		7.15	%
Adjusted yield on loans (1)		7.36	%		7.47	%		7.20	%		7.25	%		6.93	%
Cost of interest bearing deposits		0.86	%		0.84	%		0.80	%		0.74	%		0.71	%
Cost of total deposits		0.68	%		0.67	%		0.64	%		0.60	%		0.58	%
Cost of total funds		0.95	%		0.92	%		0.90	%		0.83	%		0.79	%
Net interest margin		6.06	%		6.16	%		5.90	%		6.16	%		5.37	%
Adjusted net interest margin (1)		5.81	%		5.93	%		5.69	%		5.70	%		5.19	%
Net non-interest expense to average assets		3.43	%		3.65	%		3.35	%		3.26	%		1.17	%
Adjusted net non-interest expense to average assets (1)		3.56	%		3.43	%		3.35	%		3.26	%		3.60	%
Efficiency ratio		65.09	%		66.74	%		64.61	%		62.44	%		58.94	%
Adjusted efficiency ratio (1)		66.45	%		63.35	%		64.61	%		62.44	%		77.65	%
Asset Quality:(2)
Past due to total loans		2.41	%		2.33	%		2.22	%		2.51	%		3.16	%
Non-performing loans to total loans		1.41	%		1.38	%		1.25	%		1.36	%		1.80	%
Non-performing assets to total assets		1.47	%		1.39	%		1.42	%		1.50	%		1.92	%
ALLL to non-performing loans		49.52	%		48.41	%		67.33	%		63.56	%		52.18	%
ALLL to total loans		0.70	%		0.67	%		0.84	%		0.86	%		0.94	%
Net charge-offs to average loans		0.05	%		0.06	%		0.00	%		0.03	%		0.20	%
Capital:
Tier 1 capital to average assets(3)		12.06	%		11.80	%		13.50	%		11.28	%		11.32	%
Tier 1 capital to risk-weighted assets(3)		11.54	%		11.15	%		13.45	%		11.30	%		12.05	%
Common equity tier 1 capital to risk-weighted assets(3)		10.05	%		9.70	%		11.95	%		9.73	%		10.32	%
Total capital to risk-weighted assets(3)		13.66	%		13.21	%		15.91	%		13.87	%		14.87	%
Total equity to total assets		11.83	%		11.19	%		13.29	%		10.94	%		11.40	%
Tangible common stockholders' equity to tangible assets(1)		9.86	%		9.26	%		11.66	%		9.22	%		9.51	%
Per Share Amounts:
Book value per share	$	18.89		$	18.35		$	18.08		$	16.59		$	16.08
Tangible book value per share (1)	$	15.82		$	15.29		$	16.04		$	14.20		$	13.63
Basic earnings per common share	$	0.57		$	0.29		$	0.48		$	0.53		$	0.57
Diluted earnings per common share	$	0.56		$	0.29		$	0.47		$	0.51		$	0.55
Adjusted diluted earnings per common share(1)	$	0.52		$	0.34		$	0.47		$	0.51		$	0.02
Shares outstanding end of period		20,824,509			20,820,445			20,820,900			18,132,585			18,078,769

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Unaudited consolidated balance sheet as of:

	March 31,			December 31,			September 30,			June 30,			March 31,
(Dollars in thousands)	2018			2017			2017			2017			2017
ASSETS
Total cash and cash equivalents	$	106,046		$	134,129		$	80,557		$	117,502		$	126,084
Securities - available for sale		192,916			250,603			207,301			225,183			252,441
Securities - held to maturity		8,614			8,557			17,999			26,036			28,882
Equity securities		4,925			5,006			2,025			2,023			2,011
Loans held for investment		2,873,985			2,810,856			2,425,463			2,295,100			2,035,236
Allowance for loan and lease losses		(20,022	)		(18,748	)		(20,367	)		(19,797	)		(19,093	)
Loans, net		2,853,963			2,792,108			2,405,096			2,275,303			2,016,143
Assets held for sale		—			71,362			—			—			—
FHLB stock		16,508			16,006			16,076			14,566			7,167
Premises and equipment, net		62,826			62,861			43,678			43,957			44,630
Other real estate owned ("OREO"), net		9,186			9,191			10,753			10,740			11,638
Goodwill and intangible assets, net		63,923			63,778			42,452			43,321			44,233
Bank-owned life insurance		44,534			44,364			37,025			36,852			36,679
Deferred tax asset, net		8,849			8,959			14,130			15,111			15,678
Other assets		32,720			32,109			29,069			26,090			49,772
Total assets	$	3,405,010		$	3,499,033		$	2,906,161		$	2,836,684		$	2,635,358
LIABILITIES
Non-interest bearing deposits	$	548,991		$	564,225		$	403,643		$	381,042		$	382,009
Interest bearing deposits		1,984,507			2,057,123			1,608,902			1,691,139			1,642,279
Total deposits		2,533,498			2,621,348			2,012,545			2,072,181			2,024,288
Customer repurchase agreements		6,751			11,488			19,869			14,959			10,468
Federal Home Loan Bank advances		355,000			365,000			385,000			340,000			200,000
Subordinated notes		48,853			48,828			48,804			48,780			48,757
Junior subordinated debentures		38,734			38,623			33,047			32,943			32,840
Other liabilities		19,230			22,048			20,799			17,354			18,580
Total liabilities		3,002,066			3,107,335			2,520,064			2,526,217			2,334,933
EQUITY
Preferred stock series A		4,550			4,550			4,550			4,550			4,550
Preferred stock series B		5,108			5,108			5,108			5,108			5,196
Common stock		209			209			209			182			182
Additional paid-in-capital		265,406			264,855			264,531			198,570			197,866
Treasury stock, at cost		(1,853	)		(1,784	)		(1,760	)		(1,759	)		(1,494	)
Retained earnings		131,234			119,356			113,245			103,658			94,191
Accumulated other comprehensive income		(1,710	)		(596	)		214			158			(66	)
Total equity		402,944			391,698			386,097			310,467			300,425
Total liabilities and equity	$	3,405,010		$	3,499,033		$	2,906,161		$	2,836,684		$	2,635,358

6

Unaudited consolidated statement of income:

	For the Three Months Ended
	March 31,			December 31,			September 30,			June 30,			March 31,
(Dollars in thousands)	2018			2017			2017			2017			2017
Interest income:
Loans, including fees	$	36,883		$	34,856		$	30,863		$	30,663		$	25,185
Factored receivables, including fees		15,303			15,000			12,198			10,812			9,167
Securities		1,310			1,819			1,655			1,738			1,611
FHLB stock		105			78			51			36			42
Cash deposits		517			464			370			289			327
Total interest income		54,118			52,217			45,137			43,538			36,332
Interest expense:
Deposits		4,277			3,884			3,272			3,057			2,869
Subordinated notes		837			836			837			836			835
Junior subordinated debentures		597			520			495			475			465
Other borrowings		1,277			1,181			1,021			613			344
Total interest expense		6,988			6,421			5,625			4,981			4,513
Net interest income		47,130			45,796			39,512			38,557			31,819
Provision for loan losses		2,548			1,931			572			1,447			7,678
Net interest income after provision for loan losses		44,582			43,865			38,940			37,110			24,141
Non-interest income:
Service charges on deposits		1,145			1,178			1,046			977			980
Card income		1,244			1,122			956			917			827
Net OREO gains (losses) and valuation adjustments		(88	)		(764	)		15			(112	)		11
Net gains (losses) on sale of securities		(272	)		—			35			—			—
Fee income		800			658			625			637			583
Insurance commissions		714			857			826			708			590
Asset management fees		—			—			—			—			1,717
Gain on sale of subsidiary		1,071			—			—			—			20,860
Other		558			947			668			2,075			1,717
Total non-interest income		5,172			3,998			4,171			5,202			27,285
Non-interest expense:
Salaries and employee benefits		19,404			18,009			16,717			16,012			21,958
Occupancy, furniture and equipment		3,054			2,728			2,398			2,348			2,359
FDIC insurance and other regulatory assessments		199			411			294			270			226
Professional fees		1,640			2,521			1,465			1,238			1,968
Amortization of intangible assets		1,117			2,309			870			911			1,111
Advertising and promotion		1,029			573			804			911			938
Communications and technology		3,359			2,291			2,145			2,233			2,174
Other		4,240			4,389			3,532			3,398			4,103
Total non-interest expense		34,042			33,231			28,225			27,321			34,837
Net income before income tax		15,712			14,632			14,886			14,991			16,589
Income tax expense		3,644			8,327			5,104			5,331			6,116
Net income	$	12,068		$	6,305		$	9,782		$	9,660		$	10,473
Dividends on preferred stock		(190	)		(194	)		(195	)		(193	)		(192	)
Net income available to common stockholders	$	11,878		$	6,111		$	9,587		$	9,467		$	10,281

7

Earnings per share:

	For the Three Months Ended
	March 31,		December 31,		September 30,		June 30,		March 31,
(Dollars in thousands)	2018		2017		2017		2017		2017
Basic
Net income to common stockholders	$	11,878	$	6,111	$	9,587	$	9,467	$	10,281
Weighted average common shares outstanding		20,721,363		20,717,548		19,811,577		18,012,905		17,955,144
Basic earnings per common share	$	0.57	$	0.29	$	0.48	$	0.53	$	0.57
Diluted
Net income to common stockholders	$	11,878	$	6,111	$	9,587	$	9,467	$	10,281
Dilutive effect of preferred stock		190		194		195		193		192
Net income to common stockholders - diluted	$	12,068	$	6,305	$	9,782	$	9,660	$	10,473
Weighted average common shares outstanding		20,721,363		20,717,548		19,811,577		18,012,905		17,955,144
Dilutive effects of:
Restricted stock		85,045		74,318		63,384		47,521		87,094
Assumed exercises of stock warrants		—		—		54,476		129,896		145,896
Assumed exercises of stock options		83,872		56,359		45,788		32,592		47,873
Assumed conversion of Preferred A		315,773		315,773		315,773		315,773		315,773
Assumed conversion of Preferred B		354,471		354,471		354,471		354,471		360,578
Weighted average shares outstanding - diluted		21,560,524		21,518,469		20,645,469		18,893,158		18,912,358
Diluted earnings per common share	$	0.56	$	0.29	$	0.47	$	0.51	$	0.55
Shares that were not considered in computing diluted earnings per common share because they were antidilutive are as follows:
	For the Three Months Ended
	March 31,		December 31,		September 30,		June 30,		March 31,
	2018		2017		2017		2017		2017
Assumed conversion of Preferred A		—		—		—		—		—
Assumed conversion of Preferred B		—		—		—		—		—
Restricted stock awards		—		—		—		35,270		—
Stock options		—		57,926		58,442		58,442		—

8

Loans held for investment summarized as of:

	March 31,		December 31,		September 30,		June 30,		March 31,
(Dollars in thousands)	2018		2017		2017		2017		2017
Commercial real estate	$	781,006	$	745,893	$	574,530	$	541,217	$	498,099
Construction, land development, land		143,876		134,812		141,368		120,253		109,849
1-4 family residential properties		122,979		125,827		96,032		101,833		105,230
Farmland		184,064		180,141		130,471		136,258		136,537
Commercial		930,283		920,812		890,372		842,715		792,764
Factored receivables		397,145		374,410		341,880		293,633		242,098
Consumer		29,244		31,131		30,093		29,497		28,415
Mortgage warehouse		285,388		297,830		220,717		229,694		122,244
Total loans	$	2,873,985	$	2,810,856	$	2,425,463	$	2,295,100	$	2,035,236

A portion of our total loans held for investment portfolio consists of commercial finance products offered under our commercial finance brands on a nationwide basis, as further summarized below:

	March 31,			December 31,			September 30,			June 30,			March 31,
(Dollars in thousands)	2018			2017			2017			2017			2017
Equipment	$	260,502		$	254,119		$	226,120		$	219,904		$	203,251
Asset based lending (General)		230,314			213,471			193,884			188,257			166,917
Asset based lending (Healthcare)		—			—			67,889			68,606			78,208
Premium finance		48,561			55,520			57,083			31,274			23,162
Factored receivables		397,145			374,410			341,880			293,633			242,098
Commercial finance	$	936,522		$	897,520		$	886,856		$	801,674		$	713,636
Commercial finance % of total loans		33	%		32	%		37	%		35	%		35	%
Yield on commercial finance loans		11.04	%		11.03	%		10.62	%		11.42	%		10.25	%

Information pertaining to our factoring segment, which includes only factoring originated by our Triumph Business Capital subsidiary, summarized as of and for the quarters ended:

	March 31,			December 31,			September 30,			June 30,			March 31,
	2018			2017			2017			2017			2017
Factored receivable period end balance	$	372,771,000		$	346,293,000		$	315,742,000		$	268,707,000		$	218,601,000
Yield on average receivable balance		17.40	%		16.91	%		16.64	%		17.35	%		17.45	%
Rolling twelve quarter annual charge-off rate		0.50	%		0.41	%		0.44	%		0.41	%		0.32	%
Factored receivables - transportation concentration		86	%		84	%		84	%		84	%		82	%
Interest income, including fees	$	14,780,000		$	14,518,000		$	11,736,000		$	10,387,000		$	8,705,000
Non-interest income		590,000			535,000			774,000			758,000			670,000
Factored receivable total revenue		15,370,000			15,053,000			12,510,000			11,145,000			9,375,000
Average net funds employed		316,488,000			309,614,000			260,384,000			219,694,000			184,640,000
Yield on average net funds employed		19.70	%		19.29	%		19.06	%		20.35	%		20.59	%
Accounts receivable purchased	$	912,336,000		$	872,373,000		$	732,406,000		$	639,131,000		$	521,768,000
Number of invoices purchased		521,906			511,879			476,370			446,153			375,943
Average invoice size	$	1,751		$	1,705		$	1,537		$	1,433		$	1,388
Average invoice size - transportation	$	1,662		$	1,647		$	1,486		$	1,386		$	1,319
Average invoice size - non-transportation	$	2,627		$	2,251		$	1,965		$	1,782		$	1,967
Net new clients		280			233			235			151			97
Period end clients		3,438			3,158			2,925			2,690			2,539

9

Deposits summarized as of:

	March 31,		December 31,		September 30,		June 30,		March 31,
(Dollars in thousands)	2018		2017		2017		2017		2017
Non-interest bearing demand	$	548,991	$	564,225	$	403,643	$	381,042	$	382,009
Interest bearing demand		392,947		403,244		284,282		350,966		329,201
Individual retirement accounts		105,558		108,505		97,186		99,694		100,436
Money market		283,354		283,969		189,177		205,243		203,686
Savings		244,103		235,296		158,464		173,137		173,258
Certificates of deposit		783,651		837,384		770,599		777,459		767,602
Brokered deposits		174,894		188,725		109,194		84,640		68,096
Total deposits	$	2,533,498	$	2,621,348	$	2,012,545	$	2,072,181	$	2,024,288

Net interest margin summarized for the three months ended:

	March 31, 2018							December 31, 2017
	Average				Average			Average				Average
(Dollars in thousands)	Balance		Interest		Rate			Balance		Interest		Rate
Interest earning assets:
Interest earning cash balances	$	131,723	$	517		1.59	%	$	134,661	$	464		1.37	%
Taxable securities		179,395		1,057		2.39	%		198,997		1,658		3.31	%
Tax-exempt securities		59,029		253		1.74	%		39,082		161		1.63	%
FHLB stock		16,311		105		2.61	%		16,764		78		1.85	%
Loans		2,766,859		52,186		7.65	%		2,558,774		49,856		7.73	%
Total interest earning assets	$	3,153,317	$	54,118		6.96	%	$	2,948,278	$	52,217		7.03	%
Non-interest earning assets:
Other assets		257,566							233,419
Total assets	$	3,410,883						$	3,181,697
Interest bearing liabilities:
Deposits:
Interest bearing demand	$	390,001	$	188		0.20	%	$	343,560	$	141		0.16	%
Individual retirement accounts		106,893		310		1.18	%		102,234		319		1.24	%
Money market		282,697		377		0.54	%		220,040		153		0.28	%
Savings		239,707		30		0.05	%		191,814		24		0.05	%
Certificates of deposit		813,244		2,584		1.29	%		826,018		2,644		1.27	%
Brokered deposits		186,390		788		1.71	%		140,914		603		1.70	%
Total deposits		2,018,932		4,277		0.86	%		1,824,580		3,884		0.84	%
Subordinated notes		48,839		837		6.95	%		48,814		836		6.79	%
Junior subordinated debentures		38,672		597		6.26	%		34,515		520		5.98	%
Other borrowings		342,426		1,277		1.51	%		391,840		1,181		1.20	%
Total interest bearing liabilities	$	2,448,869	$	6,988		1.16	%	$	2,299,749	$	6,421		1.11	%
Non-interest bearing liabilities and equity:
Non-interest bearing demand deposits		545,118							469,596
Other liabilities		15,709							18,081
Total equity		401,187							394,271
Total liabilities and equity	$	3,410,883						$	3,181,697
Net interest income			$	47,130						$	45,796
Interest spread						5.80	%						5.92	%
Net interest margin						6.06	%						6.16	%

10

Metrics and non-GAAP financial reconciliation:

	As of and for the Three Months Ended
(Dollars in thousands,	March 31,			December 31,			September 30,			June 30,			March 31,
except per share amounts)	2018			2017			2017			2017			2017
Net income available to common stockholders	$	11,878		$	6,111		$	9,587		$	9,467		$	10,281
Gain on sale of subsidiary		(1,071	)		—			—			—			(20,860	)
Incremental bonus related to transaction		—			—			—			—			4,814
Transaction related costs		—			1,688			—			—			325
Tax effect of adjustments		248			(601	)		—			—			5,754
Adjusted net income available to common stockholders	$	11,055		$	7,198		$	9,587		$	9,467		$	314
Dilutive effect of convertible preferred stock		190			194			195			193			—
Adjusted net income available to common stockholders - diluted	$	11,245		$	7,392		$	9,782		$	9,660		$	314
Weighted average shares outstanding - diluted		21,560,524			21,518,469			20,645,469			18,893,158			18,912,358
Adjusted effects of assumed Preferred Stock conversion		—			—			—			—			(676,351	)
Adjusted weighted average shares outstanding - diluted		21,560,524			21,518,469			20,645,469			18,893,158			18,236,007
Adjusted diluted earnings per common share	$	0.52		$	0.34		$	0.47		$	0.51		$	0.02
Net income available to common stockholders	$	11,878		$	6,111		$	9,587		$	9,467		$	10,281
Average tangible common equity		326,614			330,819			309,624			254,088			238,405
Return on average tangible common equity		14.75	%		7.33	%		12.28	%		14.94	%		17.49	%
Adjusted efficiency ratio:
Net interest income	$	47,130		$	45,796		$	39,512		$	38,557		$	31,819
Non-interest income		5,172			3,998			4,171			5,202			27,285
Operating revenue		52,302			49,794			43,683			43,759			59,104
Gain on sale of subsidiary		(1,071	)		—			—			—			(20,860	)
Adjusted operating revenue	$	51,231		$	49,794		$	43,683		$	43,759		$	38,244
Non-interest expenses	$	34,042		$	33,231		$	28,225		$	27,321		$	34,837
Incremental bonus related to transaction		—			—			—			—			(4,814	)
Transaction related costs		—			(1,688	)		—			—			(325	)
Adjusted non-interest expenses	$	34,042		$	31,543		$	28,225		$	27,321		$	29,698
Adjusted efficiency ratio		66.45	%		63.35	%		64.61	%		62.44	%		77.65	%
Adjusted net non-interest expense to average assets ratio:
Non-interest expenses	$	34,042		$	33,231		$	28,225		$	27,321		$	34,837
Incremental bonus related to transaction		—			—			—			—			(4,814	)
Transaction related costs		—			(1,688	)		—			—			(325	)
Adjusted non-interest expenses	$	34,042		$	31,543		$	28,225		$	27,321		$	29,698
Total non-interest income	$	5,172		$	3,998		$	4,171		$	5,202		$	27,285
Gain on sale of subsidiary		(1,071	)		—			—			—			(20,860	)
Adjusted non-interest income	$	4,101		$	3,998		$	4,171		$	5,202		$	6,425
Adjusted net non-interest expenses	$	29,941		$	27,545		$	24,054		$	22,119		$	23,273
Average total assets	$	3,410,883		$	3,181,697		$	2,849,170		$	2,723,303		$	2,619,282
Adjusted net non-interest expense to average assets ratio		3.56	%		3.43	%		3.35	%		3.26	%		3.60	%

	As of and for the Three Months Ended
(Dollars in thousands,	March 31,			December 31,			September 30,			June 30,			March 31,
except per share amounts)	2018			2017			2017			2017			2017
Reported yield on loans		7.65	%		7.73	%		7.44	%		7.79	%		7.15	%
Effect of accretion income on acquired loans		(0.29	%)		(0.26	%)		(0.24	%)		(0.54	%)		(0.22	%)
Adjusted yield on loans		7.36	%		7.47	%		7.20	%		7.25	%		6.93	%
Reported net interest margin		6.06	%		6.16	%		5.90	%		6.16	%		5.37	%
Effect of accretion income on acquired loans		(0.25	%)		(0.23	%)		(0.21	%)		(0.46	%)		(0.18	%)
Adjusted net interest margin		5.81	%		5.93	%		5.69	%		5.70	%		5.19	%
Total stockholders' equity	$	402,944		$	391,698		$	386,097		$	310,467		$	300,425
Preferred stock liquidation preference		(9,658	)		(9,658	)		(9,658	)		(9,658	)		(9,746	)
Total common stockholders' equity		393,286			382,040			376,439			300,809			290,679
Goodwill and other intangibles		(63,923	)		(63,778	)		(42,452	)		(43,321	)		(44,233	)
Tangible common stockholders' equity	$	329,363		$	318,262		$	333,987		$	257,488		$	246,446
Common shares outstanding		20,824,509			20,820,445			20,820,900			18,132,585			18,078,769
Tangible book value per share	$	15.82		$	15.29		$	16.04		$	14.20		$	13.63
Total assets at end of period	$	3,405,010		$	3,499,033		$	2,906,161		$	2,836,684		$	2,635,358
Goodwill and other intangibles		(63,923	)		(63,778	)		(42,452	)		(43,321	)		(44,233	)
Adjusted total assets at period end	$	3,341,087		$	3,435,255		$	2,863,709		$	2,793,363		$	2,591,125
Tangible common stockholders' equity ratio		9.86	%		9.26	%		11.66	%		9.22	%		9.51	%

11

1) Triumph uses certain non-GAAP financial measures to provide meaningful supplemental information regarding Triumph's operational performance and to enhance investors' overall understanding of such financial performance.  The non-GAAP measures used by Triumph include the following:

• “Adjusted diluted earnings per common share” is defined as adjusted net income available to common stockholders divided by adjusted weighted average diluted common shares outstanding.  Excluded from net income available to common stockholders are material gains and expenses related to merger and acquisition-related activities, including divestitures, net of tax. In our judgment, the adjustments made to net income available to common stockholders allow management and investors to better assess our performance in relation to our core net income by removing the volatility associated with certain acquisition-related items and other discrete items that are unrelated to our core business.  Weighted average diluted common shares outstanding are adjusted as a result of changes in their dilutive properties given the gain and expense adjustments described herein.  

• "Tangible common stockholders' equity" is common stockholders' equity less goodwill and other intangible assets.

• "Total tangible assets" is defined as total assets less goodwill and other intangible assets.

• "Tangible book value per share" is defined as tangible common stockholders' equity divided by total common shares outstanding. This measure is important to investors interested in changes from period-to-period in book value per share exclusive of changes in intangible assets.

• "Tangible common stockholders' equity ratio" is defined as the ratio of tangible common stockholders' equity divided by total tangible assets. We believe that this measure is important to many investors in the marketplace who are interested in relative changes from period-to period in common equity and total assets, each exclusive of changes in intangible assets.

• "Return on Average Tangible Common Equity" is defined as net income available to common stockholders divided by average tangible common stockholders' equity.

• "Adjusted efficiency ratio" is defined as non-interest expenses divided by our operating revenue, which is equal to net interest income plus non-interest income. Also excluded are material gains and expenses related to merger and acquisition-related activities, including divestitures. In our judgment, the adjustments made to operating revenue and non-interest expense allow management and investors to better assess our performance in relation to our core operating revenue by removing the volatility associated with certain acquisition-related items and other discrete items that are unrelated to our core business.

• "Adjusted net non-interest expense to average total assets" is defined as non-interest expenses net of non-interest income divided by total average assets. Excluded are material gains and expenses related to merger and acquisition-related activities, including divestitures.  This metric is used by our management to better assess our operating efficiency.  

• "Adjusted yield on loans" is our yield on loans after excluding loan discount accretion from our acquired loan portfolio.  Our management uses this metric to better assess the impact of purchase accounting on our yield on loans, as the effect of loan discount accretion is expected to decrease as the acquired loans pay down or mature and are removed from our balance sheet.

• “Adjusted net interest margin” is net interest margin after excluding loan accretion from the acquired loan portfolio.  Our management uses this metric to better assess the impact of purchase accounting on net interest margin, as the effect of loan discount accretion is expected to decrease as the acquired loans pay down or mature and are removed from our balance sheet.  

2) Asset quality ratios exclude loans held for sale, except for non-performing assets to total assets.

3) Current quarter ratios are preliminary.

Source: Triumph Bancorp, Inc.

###

Investor Relations:

Luke Wyse

Senior Vice President, Finance & Investor Relations

lwyse@tbkbank.com

214-365-6936

Media Contact:

Amanda Tavackoli

12

Senior Vice President, Marketing & Communication

atavackoli@tbkbank.com

214-365-6930

13

EX-99.2

Q1 2018 earnings release April 18, 2018 Exhibit 99.2

disclaimer Forward-Looking Statements This presentation contains forward-looking statements. Any statements about our expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. You can identify forward-looking statements by the use of forward-looking terminology such as “believes,” “expects,” “could,” “may,” “will,” “should,” “seeks,” “likely,” “intends,” “plans,” “pro forma,” “projects,” “estimates” or “anticipates” or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. You can also identify forward-looking statements by discussions of strategy, plans or intentions. Forward-looking statements involve numerous risks and uncertainties and you should not rely on them as predictions of future events. Forward-looking statements depend on assumptions, data or methods that may be incorrect or imprecise and we may not be able to realize them. We do not guarantee that the transactions and events described will happen as described (or that they will happen at all). The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: risks relating to our ability to consummate the pending acquisitions of First Bancorp of Durango, Inc. and Southern Colorado Corp., and our pending acquisition of the operating assets of Interstate Capital Corporation and certain of its affiliates, including the possibility that the expected benefits related to the pending acquisitions may not materialize as expected; of the pending acquisitions not being timely completed, if completed at all; that prior to the completion of the pending acquisitions, the targets’ businesses could experience disruptions due to transaction-related uncertainty or other factors making it more difficult to maintain relationships with employees, customers, other business partners or governmental entities, difficulty retaining key employees; and of the parties’ being unable to successfully implement integration strategies or to achieve expected synergies and operating efficiencies within our management’s expected timeframes or at all; business and economic conditions generally and in the bank and non-bank financial services industries, nationally and within our local market areas; our ability to mitigate our risk exposures; our ability to maintain our historical earnings trends; risks related to the integration of acquired businesses (including our pending acquisitions of First Bancorp of Durango, Inc. and Southern Colorado Corp., and our pending acquisition of the operating assets of Interstate Capital Corporation and certain of its affiliates, and our prior acquisitions of Valley Bancorp, Inc. and nine branches from Independent Bank in Colorado) and any future acquisitions; changes in management personnel; interest rate risk; concentration of our factoring services in the transportation industry; credit risk associated with our loan portfolio; lack of seasoning in our loan portfolio; deteriorating asset quality and higher loan charge-offs; time and effort necessary to resolve nonperforming assets; inaccuracy of the assumptions and estimates we make in establishing reserves for probable loan losses and other estimates; lack of liquidity; fluctuations in the fair value and liquidity of the securities we hold for sale; impairment of investment securities, goodwill, other intangible assets, or deferred tax assets; our risk management strategies; environmental liability associated with our lending activities; increased competition in the bank and non-bank financial services industries, nationally, regionally, or locally, which may adversely affect pricing and terms; the accuracy of our financial statements and related disclosures; material weaknesses in our internal control over financial reporting; system failures or failures to prevent breaches of our network security; the institution and outcome of litigation and other legal proceedings against us or to which we become subject; changes in carry-forwards of net operating losses; changes in federal tax law or policy; the impact of recent and future legislative and regulatory changes, including changes in banking, securities, and tax laws and regulations, such as the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) and their application by our regulators; governmental monetary and fiscal policies; changes in the scope and cost of the Federal Deposit Insurance Corporation insurance and other coverages; failure to receive regulatory approval for future acquisitions; and increases in our capital requirements. While forward-looking statements reflect our good-faith beliefs, they are not guarantees of future performance. All forward-looking statements are necessarily only estimates of future results. Accordingly, actual results may differ materially from those expressed in or contemplated by the particular forward-looking statement, and, therefore, you are cautioned not to place undue reliance on such statements. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events or circumstances, except as required by applicable law. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” and the forward-looking statement disclosure contained in Triumph’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on February 13, 2018. Non-GAAP Financial Measures This presentation includes certain non‐GAAP financial measures intended to supplement, not substitute for, comparable GAAP measures. Reconciliations of non‐GAAP financial measures to GAAP financial measures are provided at the end of the presentation. Numbers in this presentation may not sum due to rounding. Unless otherwise referenced, all data presented is as of March 31, 2018. PAGE

company OVERVIEW PAGE Triumph Bancorp, Inc. (NASDAQ: TBK) (“Triumph”) is a financial holding company headquartered in Dallas, Texas. Triumph offers a diversified line of community banking and commercial finance products through its bank subsidiary, TBK Bank, SSB. www.triumphbancorp.com Community Banking Full suite of deposit products and services focused on growing core deposits Focused on business lending including CRE Minimal consumer lending and no active single-family mortgage origination Differentiated Model Focus on core deposit funding as well as commercial finance produces top decile net interest margins Multiple product types and broad geographic footprint creates a more diverse business model than other banks our size Executive team and business unit leaders have deep experience in much larger financial institutions Commercial Finance Factoring, asset based lending, equipment finance, and premium finance We focus on what we know: executives leading these platforms all have decades of experience in their respective markets Credit risk is well diversified across industries, product type, and geography

PLATFORM OVERVIEW - LENDING PAGE 25% Texas Geographic Concentrations1 as of March 31, 2018 Diversification by asset class, geography, and collateral Commercial Finance target mix of 40% Industry leading portfolio yields 1 Excludes factored receivables 26% Colorado 1% Kansas 7% Iowa 17% Illinois

PLATFORM OVERVIEW – branch network PAGE team members(2) Western division 32 branches in Colorado 2 branches in western Kansas MIDwest division 10 branches in the Quad Cities metroplex 8 branches throughout northern and central Illinois Dallas Corporate Headquarters 1 branch (Primarily CODs) In Progress – Full service branch

PLATFORM OVERVIEW – COMMERCIAL FINANCE PAGE Triumph Commercial Finance Asset Based Lending Borrowing base working capital lending Focus on facilities between $1MM - $20MM Core industries include manufacturing, distribution, and services Equipment Finance Secured by revenue producing, essential-use equipment with broad resale markets Core markets include transportation, construction, and waste Triumph Business Capital Commercial Finance Triumph Premium Finance Factoring Among the largest discount factors in the transportation sector Clients include small owner-operator trucking companies, mid-sized fleets, and freight broker relationships Expanding client industry niches to include staffing, distribution, and other sectors Premium Finance Customized premium finance solutions for the acquisition of property and casualty insurance coverage We are a market leader for financial services to small businesses and the lower end of the middle market

LOAN PORTFOLIO DETAIL PAGE Community Banking Commercial Finance Loans Held for Investment Chart data labels – dollars in millions 42825 42916 43008 43100 43190 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Community Banking 1,321.6 1,493.4259999999999 1,538.607 1,913.336 1,937.463 Asset based lending (Healthcare) 79.668000000000006 78.207999999999998 68.605999999999995 67.888999999999996 0 Equipment 203.251 219.904 226.12 254.119 260.50200000000001 0.2781589754431823 Commercial Finance: Asset based lending (General) 166.917 188.25700000000001 193.88399999999999 213.471 230.31399999999999 0.24592481543412753 Premium Finance 23.161999999999999 31.274000000000001 57.082999999999998 55.52 48.561 5.1852492520197066E-2 Factored receivables 242.09800000000001 293.63299999999998 341.88 374.41 397.14499999999998 0.42406371660249303 Q1 2018 Commercial Finance Products $936.52200000000005 Community Banking $1,937.463 Real Estate & Farmland $1,231.925 Commercial Real Estate $781.00599999999997 Commercial $390.90599999999995 Construction, Land Development, Land $143.876 Consumer $29.244 1-4 Family Residential Properties $122.979 Mortgage Warehouse $285.38799999999998 Farmland $184.06399999999999 Commercial $390.90599999999995 Consumer $29.244 Community Banking Mortgage Warehouse $285.38799999999998 Agriculture 124.3 <<<<<<<<<< MANUAL UPDATE REAL ESTATE Commercial Real Estate $781 Construction, Land & Development $143.9 1-4 Family Residential $123 Farmland $184.1 0.6358831110581209 COMMERCIAL 0.20175869164985347 Agriculture $124.3 General $266.59999999999997 CONSUMER $29.2 1.5071255554299619E-2 MORTGAGE WAREHOUSE $285.39999999999998 0.14730603887661339 FACTORED RECEIVABLES $1,937.5 Triumph Business Capital $372.8 Triumph Commercial Finance $24.3 <<<<<<<<<< MANUAL UPDATE EQUIPMENT FINANCE $260.5 ASSET BASED LENDING $230.3 PREMIUM FINANCE $48.6 $936.50000000000011 42825 42916 43008 43100 43190 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Community Banking 1,321.6 1,493.4259999999999 1,538.607 1,913.336 1,937.463 Asset based lending (Healthcare) 79.668000000000006 78.207999999999998 68.605999999999995 67.888999999999996 0 Equipment 203.251 219.904 226.12 254.119 260.50200000000001 0.2781589754431823 Commercial Finance: Asset based lending (General) 166.917 188.25700000000001 193.88399999999999 213.471 230.31399999999999 0.24592481543412753 Premium Finance 23.161999999999999 31.274000000000001 57.082999999999998 55.52 48.561 5.1852492520197066E-2 Factored receivables 242.09800000000001 293.63299999999998 341.88 374.41 397.14499999999998 0.42406371660249303 Q1 2018 Commercial Finance Products $936.52200000000005 Community Banking $1,937.463 Real Estate & Farmland $1,231.925 Commercial Real Estate $781.00599999999997 Commercial $390.90599999999995 Construction, Land Development, Land $143.876 Consumer $29.244 1-4 Family Residential Properties $122.979 Mortgage Warehouse $285.38799999999998 Farmland $184.06399999999999 Commercial $390.90599999999995 Consumer $29.244 Community Banking Mortgage Warehouse $285.38799999999998 Agriculture 124.3 <<<<<<<<<< MANUAL UPDATE REAL ESTATE Commercial Real Estate $781 Construction, Land & Development $143.9 1-4 Family Residential $123 Farmland $184.1 0.6358831110581209 COMMERCIAL 0.20175869164985347 Agriculture $124.3 General $266.59999999999997 CONSUMER $29.2 1.5071255554299619E-2 MORTGAGE WAREHOUSE $285.39999999999998 0.14730603887661339 FACTORED RECEIVABLES $1,937.5 Triumph Business Capital $372.8 Triumph Commercial Finance $24.3 <<<<<<<<<< MANUAL UPDATE EQUIPMENT FINANCE $260.5 ASSET BASED LENDING $230.3 PREMIUM FINANCE $48.6 $936.50000000000011

Return on Average Assets (“ROAA”) GAAP: 1.43% Core: 1.34% Goal: > 1.80% Net Overhead Ratio Net Interest Income to Average Assets Credit Costs Pre-Provision Net Revenue Taxes GAAP: 5.60% Core: 5.60% Goal: > 5.00% GAAP: 3.43% Core: 3.56% Goal: < 3.00% GAAP: 2.17% Core: 2.04% Goal: > 2.80% GAAP: 0.30% Core: 0.30% Goal: ~0.40% GAAP: 0.44% Core: 0.40% Goal: ~0.53% Long term performance goals vs Actual Q1 PAGE Performance metrics presented are for the three months ended March 31, 2018. Core performance ratios are adjusted to exclude material gains and expenses associated with merger and acquisition-related activities, including divestitures. Reconciliations of these financial measures can be found at the end of the presentation. Performance goals have been revised to reflect the expected impact of the Tax Cuts and Jobs Act.

INVESTMENT CONSIDERATIONS PAGE Coverage Analysts: Brad Milsaps – Sandler O’Neill & Partners Jared Shaw – Wells Fargo Securities, LLC Stephen Moss – FBR Capital Markets & Co. Brett Rabatin – Piper Jaffray & Co. Gary Tenner – D.A. Davidson & Co. Brady Gailey – Keefe, Bruyette & Woods, a Stifel Company Matthew Olney – Stephens, Inc.

Q1 2018 HIGHLIGHTS and recent developments PAGE Diluted earnings per share of $0.56 for the first quarter Net income for the quarter was impacted by (i) a gain on sale of Triumph Healthcare Finance, our healthcare asset based lending line of business, of $1.1 million, or $0.8 million net of tax, and (ii) a combined loss on the sale of municipal securities and OREO valuation adjustments of $0.4 million Total loans held for investment portfolio growth of $63.1 million Commercial finance loan portfolio growth of $39.0 million, including a $22.7 million increase in factored receivables Commercial real estate loan portfolio growth of $35.1 million On April 9, 2018, we entered into agreements to acquire First Bancorp of Durango, Inc. and Southern Colorado Corp., which had a combined $734 million in assets, including $308 million in loans, and $653 million in deposits at December 31, 2017 The transportation factoring assets of Interstate Capital Corporation. Interstate Capital Corporation had $112 million in gross factored receivables at December 31, 2017 We completed a public offering of 5.4 million shares of our common stock on April 12, 2018. Our net proceeds from the offering were approximately $192.1 million $11.9 million Net income to common stockholders COMMERCIAL FINANCE LOAN GROWTH 4.3% NIM 6.06% Net Interest Margin (5.81% adjusted)1 ROAA 1.43% Return on Average Assets TCE/TA 9.86% Tangible Common Equity / Tangible Assets1 1 Reconciliations of non-GAAP financial measures can be found at the end of the presentation

loan yields and NET INTEREST MARGIN PAGE *Reconciliations of non-GAAP financial measures can be found at the end of the presentation **SNL U.S. Bank $1-$5B: Includes all Major Exchange (NYSE, NYSE MKT, NASDAQ) Banks in SNL’s coverage universe with $1B to $5B in Assets. Q1 2018 SNL data not available Net Interest Margin Loan yields

TRIUMPH BUSINESS CAPITAL FACTORING PAGE Yield of 17.40% in the first quarter Average annual charge-off rate of 0.50% over the past 3 years 3,438 factoring clients at March 31, 2018

Annual Gross Revenues (8% GDP) $750 Billion : 4 Million Trucks For-Hire $400 Billion : 2.6 Million Trucks *This data utilizes high-level estimates from multiple data sources including FMCSA authority registrations, carrier reported numbers of power units, mercantile credit bureau reports and Triumph’s own portfolio data. Triumph purchases ~ $2 billion invoices from our Target Market or ~ 5% of the available $40 billion market. As of March 2018 TriumphPay services over fifty 3PLs representing $150+million of annual payment volume Contract $225 Billion 3PLs/Broker $175 Billion Fleet Size Nbr. Carriers Nbr. Trucks 1 to 5 189,200 300,000 6 to 25 32,200 350,000 26 to 100 8,400 400,000 101 to 1,000 2,500 550,000 Over 1,000 200 1,000,000 All Carriers 232,000 2,600,000 Annual Revenue Nbr. 3 PL’s $ Billions Inactive 5,300 Under $1 Million 11,300 2 $1 - $10 Million 2,100 6 $10 - $100 Million 500 22 Over $100 Million 300 145 All 3 PLs 19,500 175 $167 Billion triumph’s transportation finance opportunity PAGE $38 Billion

Loan portfolio PAGE * Net charge-offs totaled $2 thousand for the quarter, resulting in a net charge-offs to average loans ratio of 0.00%. **Loans with a fair value of $95.8 million and original purchase discount of $3.4 million were acquired in the Independent Bank Group, Inc. branch acquisition, and loans with a fair value of $171.2 million and original purchase discount of $6.6 million were acquired in the Valley Bancorp, Inc. acquisition.

DEPOSIT MIX AND GROWTH PAGE *Deposits totaling $160.7 million were assumed in the Independent Bank Group, Inc. branch acquisition, and deposits totaling $293.4 million were assumed in the Valley Bancorp, Inc. acquisition.

FINANCIAL HIGHLIGHTS PAGE Reconciliations of non-GAAP financial measures can be found at the end of the presentation Metric adjusted to exclude material gains and expenses related to merger and acquisition-related activities, net of tax where applicable Asset quality ratios exclude loans held for sale Current quarter ratios are preliminary 43190QTD 43100QTD 43008QTD 42916QTD 42825QTD 43190 43100 43008 42916 42825 As of and For the Three Months Ended Key Metrics March 31, December 31, September 30, June 30, March 31, 2018 2017 2017 2017 2017 Performance ratios - annualized ROAA Return on average assets 1.43488217291413% .786268711225136% 1.362122945798712% 1.422649038849168% 1.621644543200632% ROATCE Return on average tangible common equity (ROATCE) (1) 0.14748163086412747 7.328496087154611% 0.12284750027325204 0.1494382760960809 0.17489447171383407 Yield_Loans Yield on loans 7.65% 7.729999999999999% 7.439999999999999% 7.79% 7.149999999999999% CostOfTotalDeposits Cost of total deposits .676491909921952% .67167243603311% .64135770121693% .598090330467494% .578708942203601% NIM Net interest margin 6.615380371230043% 6.16258340526653% 5.897814119286116% 6.157029032674648% 5.371248944642441% Net_Nonint_Exp_Avg_Assets Net non-interest expense to average assets 3.432773044113241% 3.645047693626371% 3.349770781048048% 3.257901530873664% 1.16897342900296% Net_Nonint_Exp_Avg_Assets_Adj Adjusted net non-interest expense to average assets (1)(2) 3.560131312614495% 3.434563871673167% 3.349770781048048% 3.257901530873664% 3.603118626204888% Efficiency_Unadjusted Efficiency ratio 0.65088187279611953 0.66735544056766694 0.64613842771467411 0.62438219436777309 0.58938878398917471 Efficiency Adjusted efficiency ratio (1)(2) 0.66449018609204968 0.63345574992939546 0.64613842771467411 0.62438219436777309 0.77649901400000509 Asset Quality(3) Nonperforming assets to total assets Non-performing assets to total assets 1.467837098863146% 1.385725713361377% 1.417987509983102% 1.499638310083182% 1.919397668172598% ALLL to total loans ALLL to total loans .696663343754404% .66698543077269% .839715963508823% .862576794039476% .938122163719588% Net charge-offs to average loans Net charge-offs to average loans 46044991812014998.46044991812015% 56550519897419628.565505198974196% 87132453527905912.871324535279059% 34795297811221227.347952978112212% .204879837205254% Capital(4) Tier 1 capital to average assets Tier 1 capital to average assets 0.1206000287157459 0.117979 0.13503599999999999 0.11279400000000001 0.11315751101109683 Tier 1 capital to risk-weighted assets Tier 1 capital to risk-weighted assets 0.11535735876901632 0.11149199999999999 0.13445799999999999 0.11294999999999999 0.12049186526785988 Common equity tier 1 capital to risk-weighted assets Common equity tier 1 capital to risk-weighted assets 0.10049263549053036 9.7041% 0.11952699999999999 9.7329% 0.1032499892847283 Total capital to risk-weighted assets Total capital to risk-weighted assets 0.13662722385560225 0.13211899999999999 0.159106 0.138684 0.14865483669064053 Per Share Amounts Common Book Value per share, basic Book value per share $18.885720879181353 $18.349289063706372 $18.079930731140394 $16.589444167502869 $16.078499990790306 Tangible common book value per common share Tangible book value per share (1) $15.816120581282371 $15.286026662808258 $16.04102090159412 $14.200295420647416 $13.631839395149086 EPS_Basic Basic earnings per common share $0.5731969840679455 $0.29495941598035236 $0.48392442055470947 $0.52554545180094692 $0.57260226413786142 EPS_Diluted Diluted earnings per common share $0.55972335628645931 $0.29303085682044722 $0.47381076124417193 $0.51125508581669088 $0.55378594711677598 DilutedEPS_Adj Adjusted diluted earnings per common share(1)(2) $0.52 $0.34355943362214086 $0.47 $0.51 $0.02

NON-GAAP FINANCIAL RECONCILIATION PAGE Triumph uses certain non-GAAP financial measures to provide meaningful supplemental information regarding our operational performance and to enhance investors' overall understanding of such financial performance. 43190QTD 42916QTD 42825QTD 42460QTD 42185QTD Period end date 43190 43100 43008 42916 42825 Quarter Days in Year 365 365 365 365 365 Days in Quarter 90 92 92 91 90 As of and for the Three Months Ended (Dollars in thousands, March 31, December 31, September 30, June 30, March 31, except per share amounts) 2018 2017 2017 2017 2017 Net income available to common stockholders $11,878 $6,111 $9,587 $9,467 $10,281 Gain on sale of subsidiary -1,071 0 0 0 ,-20,860 Manual Adj Incremental bonus related to transaction 0 0 0 0 4,814 Transaction related costs 0 1,688 0 0 325 Tax effect of adjustments 248.36490000000001 -,601 0 0 5,754 Adjusted net income available to common stockholders $11,055.3649 $7,198 $9,587 $9,467 $314 Manual Adj Dilutive effect of convertible preferred stock 190 194 195 193 0 Adjusted net income available to common stockholders - diluted $11,245.3649 $7,392 $9,782 $9,660 $314 Diluted_Shrs Weighted average shares outstanding - diluted 21,560,523.777777776 21,518,468.597826086 20,645,469.184782609 18,893,158.120879121 18,912,358.388888888 Manual Adj Adjusted effects of assumed Preferred Stock conversion 0 0 0 0 -,676,351 Adjusted weighted average shares outstanding - diluted 21,560,523.777777776 21,518,468.597826086 20,645,469.184782609 18,893,158.120879121 18,236,007.388888888 YTD YTD Adjusted diluted earnings per common share $0.52 $0.34 $0.47380855879071665 $0.51129620247684193 $1.7218681332149422E-2 $0 $-0.37 $-0.73701044770955082 Net income available to common stockholders $11,878 $6,111 $9,587 $9,467 $10,281 AvgTangEq Average tangible common equity ,326,613.87815996399 ,330,819.26071665203 ,309,624.48608661105 ,254,087.71438832497 ,238,405.481105716 Return on average tangible common equity 0.14748879980322205 7.3286930780113405E-2 0.12284358034959482 0.14944458475076014 0.17489181235802964 Adjusted efficiency ratio: Net interest income $47,130 $45,796 $39,512 $38,557 $31,819 Non-interest income 5,172 3,998 4,171 5,202 27,285 Operating revenue 52,302 49,794 43,683 43,759 59,104 Manual Adj Gain on sale of subsidiary -1,071 0 0 0 ,-20,860 Adjusted operating revenue $51,231 $49,794 $43,683 $43,759 $38,244 Non-interest expenses $34,042 $33,231 $28,225 $27,321 $34,837 Incremental bonus related to transaction 0 0 0 0 -4,814 Manual Adj Transaction related costs 0 -1,688 0 0 -,325 Adjusted non-interest expenses $34,042 $31,543 $28,225 $27,321 $29,698 Adjusted efficiency ratio 0.66448049032812162 0.63346989597140213 0.64613236270402674 0.6243515619643959 0.77654011086706409 Adjusted net non-interest expense to average assets ratio: Non-interest expenses $34,042 $33,231 $28,225 $27,321 $34,837 Incremental bonus related to transaction 0 0 0 0 -4,814 Manual Adj Transaction related costs 0 -1,688 0 0 -,325 Adjusted non-interest expenses $34,042 $31,543 $28,225 $27,321 $29,698 Total non-interest income $5,172 $3,998 $4,171 $5,202 $27,285 Gain on sale of subsidiary -1,071 0 0 0 ,-20,860 Adjusted non-interest income $4,101 $3,998 $4,171 $5,202 $6,425 Adjusted net non-interest expenses $29,941 $27,545 $24,054 $22,119 $23,273 AvgAssets Average total assets $3,410,883 $3,181,697 $2,849,170 $2,723,303 $2,619,282 CHECK ROUNDING $0 $0 Adjusted net non-interest expense to average assets ratio 3.559998653981649E-2 3.4347014652325744E-2 3.3494537158113631E-2 3.2577743252978436E-2 3.6034663104027913E-2 As of and for the Three Months Ended (Dollars in thousands, March 31, December 31, September 30, June 30, March 31, except per share amounts) 2018 2017 2017 2017 2017 Reported yield on loans 7.65% 7.729999999999999% 7.439999999999999% 7.79% 7.149999999999999% DisAcrLYLD Effect of accretion income on acquired loans -0.29% -0.259999999999999% -0.24% -0.54% -0.219999999999999% Adjusted yield on loans 7.3595524365644024E-2 7.4670195642022277E-2 7.1993057351056461E-2 7.2487574833300081E-2 6.9287190236321197E-2 Reported net interest margin 6.615380371230043% 6.16258340526653% 5.897814119286116% 6.157029032674648% 5.371248944642441% DisAcrLNIM Effect of accretion income on acquired loans -0.25% -0.23% -0.21% -0.46% -0.18% Adjusted net interest margin 5.8073183053593158E-2 5.9341455831213086E-2 5.687540444635214E-2 5.6963855528600359E-2 5.1889117637716406E-2 Total stockholders' equity $,402,944 $,391,698 $,386,097 $,310,467 $,300,425 Preferred_Stock_A Preferred_Stock_B Preferred stock liquidation preference -9,658 -9,658 -9,658 -9,658 -9,746 Total common stockholders' equity ,393,286 ,382,040 ,376,439 ,300,809 ,290,679 Goodwill and other intangibles ,-63,923 ,-63,778 ,-42,452 ,-43,321 ,-44,233 Tangible common stockholders' equity $,329,363 $,318,262 $,333,987 $,257,488 $,246,446 Common shares outstanding, end of period Common shares outstanding 20,824,509 20,820,445 20,820,900 18,132,585 18,078,769 Tangible book value per share $15.816123203673133 $15.28603255117746 $16.04094923850554 $14.200291905428818 $13.631790969838709 Total assets at end of period $3,405,010 $3,499,033 $2,906,161 $2,836,684 $2,635,358 Goodwill and other intangibles ,-63,923 ,-63,778 ,-42,452 ,-43,321 ,-44,233 Adjusted total assets at period end $3,341,087 $3,435,255 $2,863,709 $2,793,363 $2,591,125 Tangible common stockholders' equity ratio 9.8579594006381749E-2 9.2645815230601516E-2 0.11662742268854831 9.2178495956307865E-2 9.5111582806695932E-2 $0 $0 $0 $0 $0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $0 $0 $0 $0 $0 0 0 0 0 0 Slide Deck Presentation: Metrics and non-GAAP financial reconciliation As of and for the Three Months Ended March 31, December 31, September 30, June 30, March 31, (Dollars in thousands, except per share amounts) 2018 2017 2017 2017 2017 Net income available to common stockholders $11,878 $6,111 $9,587 $9,467 $10,281 Gain on sale of subsidiary -1,071 0 0 0 ,-20,860 Incremental bonus related to transaction 0 0 0 0 4,814 Transaction related costs 0 1,688 0 0 325 Tax effect of adjustments 248.36490000000001 -,601 0 0 5,754 Adjusted net income available to common stockholders $11,055.3649 $7,198 $9,587 $9,467 $314 Dilutive effect of convertible preferred stock 190 194 195 193 0 Adjusted net income available to common stockholders - diluted $11,245.3649 $7,392 $9,782 $9,660 $314 Weighted average shares outstanding - diluted 21,560,523.777777776 21,518,468.597826086 20,645,469.184782609 18,893,158.120879121 18,912,358.388888888 Adjusted effects of assumed Preferred Stock conversion 0 0 0 0 -,676,351 Adjusted weighted average shares outstanding - diluted 21,560,523.777777776 21,518,468.597826086 20,645,469.184782609 18,893,158.120879121 18,236,007.388888888 Adjusted diluted earnings per common share $0.52 $0.34 $0.47380855879071665 $0.51129620247684193 $1.7218681332149422E-2 Net income available to common stockholders $11,878 $6,111 $9,587 $9,467 $10,281 Average tangible common equity ,326,613.87815996399 ,330,819.26071665203 ,309,624.48608661105 ,254,087.71438832497 ,238,405.481105716 Return on average tangible common equity 0.14748879980322205 7.3286930780113405E-2 0.12284358034959482 0.14944458475076014 0.17489181235802964 Metrics and non-GAAP financial reconciliation (cont'd) As of and for the Three Months Ended March 31, December 31, September 30, June 30, March 31, (Dollars in thousands, except per share amounts) 2018 2017 2017 2017 2017 Adjusted efficiency ratio: Net interest income $47,130 $45,796 $39,512 $38,557 $31,819 Non-interest income 5,172 3,998 4,171 5,202 27,285 Operating revenue 52,302 49,794 43,683 43,759 59,104 Gain on sale of subsidiary -1,071 0 0 0 ,-20,860 Adjusted operating revenue $51,231 $49,794 $43,683 $43,759 $38,244 Non-interest expenses $34,042 $33,231 $28,225 $27,321 $34,837 Incremental bonus related to transaction 0 0 0 0 -4,814 Transaction related costs 0 -1,688 0 0 -,325 Adjusted non-interest expenses $34,042 $31,543 $28,225 $27,321 $29,698 Adjusted efficiency ratio 0.66448049032812162 0.63346989597140213 0.64613236270402674 0.6243515619643959 0.77654011086706409 Adjusted net non-interest expense to average assets ratio: Non-interest expenses $34,042 $33,231 $28,225 $27,321 $34,837 Incremental bonus related to transaction 0 0 0 0 -4,814 Transaction related costs 0 -1,688 0 0 -,325 Adjusted non-interest expenses $34,042 $31,543 $28,225 $27,321 $29,698 Total non-interest income $5,172 $3,998 $4,171 $5,202 $27,285 Gain on sale of subsidiary -1,071 0 0 0 ,-20,860 Adjusted non-interest income $4,101 $3,998 $4,171 $5,202 $6,425 Adjusted net non-interest expenses $29,941 $27,545 $24,054 $22,119 $23,273 Average total assets 3,410,883 3,181,697 2,849,170 2,723,303 2,619,282 Adjusted net non-interest expense to average assets ratio 3.559998653981649E-2 3.4347014652325744E-2 3.3494537158113631E-2 3.2577743252978436E-2 3.6034663104027913E-2 Metrics and non-GAAP financial reconciliation (cont'd) As of and for the Three Months Ended March 31, December 31, September 30, June 30, March 31, (Dollars in thousands, except per share amounts) 2018 2017 2017 2017 2017 Reported yield on loans 7.65% 7.729999999999999% 7.439999999999999% 7.79% 7.149999999999999% Effect of accretion income on acquired loans -0.29% -0.259999999999999% -0.24% -0.54% -0.219999999999999% Adjusted yield on loans 7.3595524365644024E-2 7.4670195642022277E-2 7.1993057351056461E-2 7.2487574833300081E-2 6.9287190236321197E-2 Reported net interest margin 6.615380371230043% 6.16258340526653% 5.897814119286116% 6.157029032674648% 5.371248944642441% Effect of accretion income on acquired loans -0.25% -0.23% -0.21% -0.46% -0.18% Adjusted net interest margin 5.8073183053593158E-2 5.9341455831213086E-2 5.687540444635214E-2 5.6963855528600359E-2 5.1889117637716406E-2 Total stockholders' equity $,402,944 $,391,698 $,386,097 $,310,467 $,300,425 Preferred stock liquidation preference -9,658 -9,658 -9,658 -9,658 -9,746 Total common stockholders' equity ,393,286 ,382,040 ,376,439 ,300,809 ,290,679 Goodwill and other intangibles ,-63,923 ,-63,778 ,-42,452 ,-43,321 ,-44,233 Tangible common stockholders' equity $,329,363 $,318,262 $,333,987 $,257,488 $,246,446 Common shares outstanding at end of period 20,824,509 20,820,445 20,820,900 18,132,585 18,078,769 Tangible book value per share $15.816123203673133 $15.28603255117746 $16.04094923850554 $14.200291905428818 $13.631790969838709 Total assets at end of period $3,405,010 $3,499,033 $2,906,161 $2,836,684 $2,635,358 Goodwill and other intangibles ,-63,923 ,-63,778 ,-42,452 ,-43,321 ,-44,233 Adjusted total assets at period end $3,341,087 $3,435,255 $2,863,709 $2,793,363 $2,591,125 Tangible common stockholders' equity ratio 9.8579594006381749E-2 9.2645815230601516E-2 0.11662742268854831 9.2178495956307865E-2 9.5111582806695932E-2 90 365 Metrics and non-GAAP financial reconciliation (cont'd) For the Three Months Ended For the Three Months Ended March 31, 2018 March 31, 2018 (Dollars in thousands, except per share amounts) GAAP Core (Dollars in thousands, except per share amounts) GAAP Core Net Interest Income to Average Total Assets: Credit Costs to Average Total Assets: Net Interest Income $47,130 $47,130 Provision for Loan Losses $2,548 $2,548 Average Total Assets 3,410,883 3,410,883 Average Total Assets 3,410,883 3,410,883 Net Interest Income to Average Assets 5.6000000000000001E-2 5.6000000000000001E-2 Credit Costs to Average Assets 3.0000000000000001E-3 3.0000000000000001E-3 Net Noninterest Expense to Average Total Assets: Taxes to Average Total Assets: Total Noninterest Expense $34,042 $34,042 Income Tax Expense $3,644 $3,644 Total Noninterest Income 5,172 5,172 Tax effect of adjustments 0 248.36490000000001 Gain on sale of subsidiary 0 -1,071 Adjusted Tax Expense 3,644 3,395.6351 Adjusted Noninterest Income 5,172 4,101 Average Total Assets 3,410,883 3,410,883 Net Noninterest Expense $28,870 $29,941 Taxes to Average Assets 4.4000000000000003E-3 4.0000000000000001E-3 MANUAL ADJ FOR ROUNDING Average Total Assets 3,410,883 3,410,883 Net Noninterest Expense to Average Assets Ratio 3.4299999999999997E-2 3.56E-2 Return on Average Total Assets: Net Interest Income to Average Assets 5.6% 5.6% Pre-Provision Net Revenue to Average Total Assets: Net Noninterest Expense to Average Assets Ratio -3.43% -3.56% Net Interest Income $47,130 $47,130 Pre-Provision Net Revenue to Average Assets 2.17% 2.400000000000001% Net Noninterest Expense ,-28,870 ,-29,941 Credit Costs to Average Assets -0.3% -0.3% Pre-Provision Net Revenue $18,260 $17,189 Taxes to Average Assets -0.44% -0.4% Average Total Assets 3,410,883 3,410,883 Return on Average Assets 1.4300000000000004E-2 1.3400000000000002E-2 Pre-Provision Net Revenue to Average Assets 2.1700000000000001E-2 2.0400000000000001E-2 MANUAL ADJ FOR ROUNDING 0 0 0 -4.8821729141295192E-5

NON-GAAP FINANCIAL RECONCILIATION PAGE 43190QTD 42916QTD 42825QTD 42460QTD 42185QTD Period end date 43190 43100 43008 42916 42825 Quarter Days in Year 365 365 365 365 365 Days in Quarter 90 92 92 91 90 As of and for the Three Months Ended (Dollars in thousands, March 31, December 31, September 30, June 30, March 31, except per share amounts) 2018 2017 2017 2017 2017 Net income available to common stockholders $11,878 $6,111 $9,587 $9,467 $10,281 Gain on sale of subsidiary -1,071 0 0 0 ,-20,860 Manual Adj Incremental bonus related to transaction 0 0 0 0 4,814 Transaction related costs 0 1,688 0 0 325 Tax effect of adjustments 248.36490000000001 -,601 0 0 5,754 Adjusted net income available to common stockholders $11,055.3649 $7,198 $9,587 $9,467 $314 Manual Adj Dilutive effect of convertible preferred stock 190 194 195 193 0 Adjusted net income available to common stockholders - diluted $11,245.3649 $7,392 $9,782 $9,660 $314 Diluted_Shrs Weighted average shares outstanding - diluted 21,560,523.777777776 21,518,468.597826086 20,645,469.184782609 18,893,158.120879121 18,912,358.388888888 Manual Adj Adjusted effects of assumed Preferred Stock conversion 0 0 0 0 -,676,351 Adjusted weighted average shares outstanding - diluted 21,560,523.777777776 21,518,468.597826086 20,645,469.184782609 18,893,158.120879121 18,236,007.388888888 YTD YTD Adjusted diluted earnings per common share $0.52 $0.34 $0.47380855879071665 $0.51129620247684193 $1.7218681332149422E-2 $0 $-0.37 $-0.73701044770955082 Net income available to common stockholders $11,878 $6,111 $9,587 $9,467 $10,281 AvgTangEq Average tangible common equity ,326,613.87815996399 ,330,819.26071665203 ,309,624.48608661105 ,254,087.71438832497 ,238,405.481105716 Return on average tangible common equity 0.14748879980322205 7.3286930780113405E-2 0.12284358034959482 0.14944458475076014 0.17489181235802964 Adjusted efficiency ratio: Net interest income $47,130 $45,796 $39,512 $38,557 $31,819 Non-interest income 5,172 3,998 4,171 5,202 27,285 Operating revenue 52,302 49,794 43,683 43,759 59,104 Manual Adj Gain on sale of subsidiary -1,071 0 0 0 ,-20,860 Adjusted operating revenue $51,231 $49,794 $43,683 $43,759 $38,244 Non-interest expenses $34,042 $33,231 $28,225 $27,321 $34,837 Incremental bonus related to transaction 0 0 0 0 -4,814 Manual Adj Transaction related costs 0 -1,688 0 0 -,325 Adjusted non-interest expenses $34,042 $31,543 $28,225 $27,321 $29,698 Adjusted efficiency ratio 0.66448049032812162 0.63346989597140213 0.64613236270402674 0.6243515619643959 0.77654011086706409 Adjusted net non-interest expense to average assets ratio: Non-interest expenses $34,042 $33,231 $28,225 $27,321 $34,837 Incremental bonus related to transaction 0 0 0 0 -4,814 Manual Adj Transaction related costs 0 -1,688 0 0 -,325 Adjusted non-interest expenses $34,042 $31,543 $28,225 $27,321 $29,698 Total non-interest income $5,172 $3,998 $4,171 $5,202 $27,285 Gain on sale of subsidiary -1,071 0 0 0 ,-20,860 Adjusted non-interest income $4,101 $3,998 $4,171 $5,202 $6,425 Adjusted net non-interest expenses $29,941 $27,545 $24,054 $22,119 $23,273 AvgAssets Average total assets $3,410,883 $3,181,697 $2,849,170 $2,723,303 $2,619,282 CHECK ROUNDING $0 $0 Adjusted net non-interest expense to average assets ratio 3.559998653981649E-2 3.4347014652325744E-2 3.3494537158113631E-2 3.2577743252978436E-2 3.6034663104027913E-2 As of and for the Three Months Ended (Dollars in thousands, March 31, December 31, September 30, June 30, March 31, except per share amounts) 2018 2017 2017 2017 2017 Reported yield on loans 7.65% 7.729999999999999% 7.439999999999999% 7.79% 7.149999999999999% DisAcrLYLD Effect of accretion income on acquired loans -0.29% -0.259999999999999% -0.24% -0.54% -0.219999999999999% Adjusted yield on loans 7.3595524365644024E-2 7.4670195642022277E-2 7.1993057351056461E-2 7.2487574833300081E-2 6.9287190236321197E-2 Reported net interest margin 6.615380371230043% 6.16258340526653% 5.897814119286116% 6.157029032674648% 5.371248944642441% DisAcrLNIM Effect of accretion income on acquired loans -0.25% -0.23% -0.21% -0.46% -0.18% Adjusted net interest margin 5.8073183053593158E-2 5.9341455831213086E-2 5.687540444635214E-2 5.6963855528600359E-2 5.1889117637716406E-2 Total stockholders' equity $,402,944 $,391,698 $,386,097 $,310,467 $,300,425 Preferred_Stock_A Preferred_Stock_B Preferred stock liquidation preference -9,658 -9,658 -9,658 -9,658 -9,746 Total common stockholders' equity ,393,286 ,382,040 ,376,439 ,300,809 ,290,679 Goodwill and other intangibles ,-63,923 ,-63,778 ,-42,452 ,-43,321 ,-44,233 Tangible common stockholders' equity $,329,363 $,318,262 $,333,987 $,257,488 $,246,446 Common shares outstanding, end of period Common shares outstanding 20,824,509 20,820,445 20,820,900 18,132,585 18,078,769 Tangible book value per share $15.816123203673133 $15.28603255117746 $16.04094923850554 $14.200291905428818 $13.631790969838709 Total assets at end of period $3,405,010 $3,499,033 $2,906,161 $2,836,684 $2,635,358 Goodwill and other intangibles ,-63,923 ,-63,778 ,-42,452 ,-43,321 ,-44,233 Adjusted total assets at period end $3,341,087 $3,435,255 $2,863,709 $2,793,363 $2,591,125 Tangible common stockholders' equity ratio 9.8579594006381749E-2 9.2645815230601516E-2 0.11662742268854831 9.2178495956307865E-2 9.5111582806695932E-2 $0 $0 $0 $0 $0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $0 $0 $0 $0 $0 0 0 0 0 0 Slide Deck Presentation: Metrics and non-GAAP financial reconciliation As of and for the Three Months Ended March 31, December 31, September 30, June 30, March 31, (Dollars in thousands, except per share amounts) 2018 2017 2017 2017 2017 Net income available to common stockholders $11,878 $6,111 $9,587 $9,467 $10,281 Gain on sale of subsidiary -1,071 0 0 0 ,-20,860 Incremental bonus related to transaction 0 0 0 0 4,814 Transaction related costs 0 1,688 0 0 325 Tax effect of adjustments 248.36490000000001 -,601 0 0 5,754 Adjusted net income available to common stockholders $11,055.3649 $7,198 $9,587 $9,467 $314 Dilutive effect of convertible preferred stock 190 194 195 193 0 Adjusted net income available to common stockholders - diluted $11,245.3649 $7,392 $9,782 $9,660 $314 Weighted average shares outstanding - diluted 21,560,523.777777776 21,518,468.597826086 20,645,469.184782609 18,893,158.120879121 18,912,358.388888888 Adjusted effects of assumed Preferred Stock conversion 0 0 0 0 -,676,351 Adjusted weighted average shares outstanding - diluted 21,560,523.777777776 21,518,468.597826086 20,645,469.184782609 18,893,158.120879121 18,236,007.388888888 Adjusted diluted earnings per common share $0.52 $0.34 $0.47380855879071665 $0.51129620247684193 $1.7218681332149422E-2 Net income available to common stockholders $11,878 $6,111 $9,587 $9,467 $10,281 Average tangible common equity ,326,613.87815996399 ,330,819.26071665203 ,309,624.48608661105 ,254,087.71438832497 ,238,405.481105716 Return on average tangible common equity 0.14748879980322205 7.3286930780113405E-2 0.12284358034959482 0.14944458475076014 0.17489181235802964 Metrics and non-GAAP financial reconciliation (cont'd) As of and for the Three Months Ended March 31, December 31, September 30, June 30, March 31, (Dollars in thousands, except per share amounts) 2018 2017 2017 2017 2017 Adjusted efficiency ratio: Net interest income $47,130 $45,796 $39,512 $38,557 $31,819 Non-interest income 5,172 3,998 4,171 5,202 27,285 Operating revenue 52,302 49,794 43,683 43,759 59,104 Gain on sale of subsidiary -1,071 0 0 0 ,-20,860 Adjusted operating revenue $51,231 $49,794 $43,683 $43,759 $38,244 Non-interest expenses $34,042 $33,231 $28,225 $27,321 $34,837 Incremental bonus related to transaction 0 0 0 0 -4,814 Transaction related costs 0 -1,688 0 0 -,325 Adjusted non-interest expenses $34,042 $31,543 $28,225 $27,321 $29,698 Adjusted efficiency ratio 0.66448049032812162 0.63346989597140213 0.64613236270402674 0.6243515619643959 0.77654011086706409 Adjusted net non-interest expense to average assets ratio: Non-interest expenses $34,042 $33,231 $28,225 $27,321 $34,837 Incremental bonus related to transaction 0 0 0 0 -4,814 Transaction related costs 0 -1,688 0 0 -,325 Adjusted non-interest expenses $34,042 $31,543 $28,225 $27,321 $29,698 Total non-interest income $5,172 $3,998 $4,171 $5,202 $27,285 Gain on sale of subsidiary -1,071 0 0 0 ,-20,860 Adjusted non-interest income $4,101 $3,998 $4,171 $5,202 $6,425 Adjusted net non-interest expenses $29,941 $27,545 $24,054 $22,119 $23,273 Average total assets 3,410,883 3,181,697 2,849,170 2,723,303 2,619,282 Adjusted net non-interest expense to average assets ratio 3.559998653981649E-2 3.4347014652325744E-2 3.3494537158113631E-2 3.2577743252978436E-2 3.6034663104027913E-2 Metrics and non-GAAP financial reconciliation (cont'd) As of and for the Three Months Ended March 31, December 31, September 30, June 30, March 31, (Dollars in thousands, except per share amounts) 2018 2017 2017 2017 2017 Reported yield on loans 7.65% 7.729999999999999% 7.439999999999999% 7.79% 7.149999999999999% Effect of accretion income on acquired loans -0.29% -0.259999999999999% -0.24% -0.54% -0.219999999999999% Adjusted yield on loans 7.3595524365644024E-2 7.4670195642022277E-2 7.1993057351056461E-2 7.2487574833300081E-2 6.9287190236321197E-2 Reported net interest margin 6.615380371230043% 6.16258340526653% 5.897814119286116% 6.157029032674648% 5.371248944642441% Effect of accretion income on acquired loans -0.25% -0.23% -0.21% -0.46% -0.18% Adjusted net interest margin 5.8073183053593158E-2 5.9341455831213086E-2 5.687540444635214E-2 5.6963855528600359E-2 5.1889117637716406E-2 Total stockholders' equity $,402,944 $,391,698 $,386,097 $,310,467 $,300,425 Preferred stock liquidation preference -9,658 -9,658 -9,658 -9,658 -9,746 Total common stockholders' equity ,393,286 ,382,040 ,376,439 ,300,809 ,290,679 Goodwill and other intangibles ,-63,923 ,-63,778 ,-42,452 ,-43,321 ,-44,233 Tangible common stockholders' equity $,329,363 $,318,262 $,333,987 $,257,488 $,246,446 Common shares outstanding at end of period 20,824,509 20,820,445 20,820,900 18,132,585 18,078,769 Tangible book value per share $15.816123203673133 $15.28603255117746 $16.04094923850554 $14.200291905428818 $13.631790969838709 Total assets at end of period $3,405,010 $3,499,033 $2,906,161 $2,836,684 $2,635,358 Goodwill and other intangibles ,-63,923 ,-63,778 ,-42,452 ,-43,321 ,-44,233 Adjusted total assets at period end $3,341,087 $3,435,255 $2,863,709 $2,793,363 $2,591,125 Tangible common stockholders' equity ratio 9.8579594006381749E-2 9.2645815230601516E-2 0.11662742268854831 9.2178495956307865E-2 9.5111582806695932E-2 90 365 Metrics and non-GAAP financial reconciliation (cont'd) For the Three Months Ended For the Three Months Ended March 31, 2018 March 31, 2018 (Dollars in thousands, except per share amounts) GAAP Core (Dollars in thousands, except per share amounts) GAAP Core Net Interest Income to Average Total Assets: Credit Costs to Average Total Assets: Net Interest Income $47,130 $47,130 Provision for Loan Losses $2,548 $2,548 Average Total Assets 3,410,883 3,410,883 Average Total Assets 3,410,883 3,410,883 Net Interest Income to Average Assets 5.6000000000000001E-2 5.6000000000000001E-2 Credit Costs to Average Assets 3.0000000000000001E-3 3.0000000000000001E-3 Net Noninterest Expense to Average Total Assets: Taxes to Average Total Assets: Total Noninterest Expense $34,042 $34,042 Income Tax Expense $3,644 $3,644 Total Noninterest Income 5,172 5,172 Tax effect of adjustments 0 248.36490000000001 Gain on sale of subsidiary 0 -1,071 Adjusted Tax Expense 3,644 3,395.6351 Adjusted Noninterest Income 5,172 4,101 Average Total Assets 3,410,883 3,410,883 Net Noninterest Expense $28,870 $29,941 Taxes to Average Assets 4.4000000000000003E-3 4.0000000000000001E-3 MANUAL ADJ FOR ROUNDING Average Total Assets 3,410,883 3,410,883 Net Noninterest Expense to Average Assets Ratio 3.4299999999999997E-2 3.56E-2 Return on Average Total Assets: Net Interest Income to Average Assets 5.6% 5.6% Pre-Provision Net Revenue to Average Total Assets: Net Noninterest Expense to Average Assets Ratio -3.43% -3.56% Net Interest Income $47,130 $47,130 Pre-Provision Net Revenue to Average Assets 2.17% 2.400000000000001% Net Noninterest Expense ,-28,870 ,-29,941 Credit Costs to Average Assets -0.3% -0.3% Pre-Provision Net Revenue $18,260 $17,189 Taxes to Average Assets -0.44% -0.4% Average Total Assets 3,410,883 3,410,883 Return on Average Assets 1.4300000000000004E-2 1.3400000000000002E-2 Pre-Provision Net Revenue to Average Assets 2.1700000000000001E-2 2.0400000000000001E-2 MANUAL ADJ FOR ROUNDING 0 0 0 -4.8821729141295192E-5

NON-GAAP FINANCIAL RECONCILIATION PAGE 43190QTD 42916QTD 42825QTD 42460QTD 42185QTD Period end date 43190 43100 43008 42916 42825 Quarter Days in Year 365 365 365 365 365 Days in Quarter 90 92 92 91 90 As of and for the Three Months Ended (Dollars in thousands, March 31, December 31, September 30, June 30, March 31, except per share amounts) 2018 2017 2017 2017 2017 Net income available to common stockholders $11,878 $6,111 $9,587 $9,467 $10,281 Gain on sale of subsidiary -1,071 0 0 0 ,-20,860 Manual Adj Incremental bonus related to transaction 0 0 0 0 4,814 Transaction related costs 0 1,688 0 0 325 Tax effect of adjustments 248.36490000000001 -,601 0 0 5,754 Adjusted net income available to common stockholders $11,055.3649 $7,198 $9,587 $9,467 $314 Manual Adj Dilutive effect of convertible preferred stock 190 194 195 193 0 Adjusted net income available to common stockholders - diluted $11,245.3649 $7,392 $9,782 $9,660 $314 Diluted_Shrs Weighted average shares outstanding - diluted 21,560,523.777777776 21,518,468.597826086 20,645,469.184782609 18,893,158.120879121 18,912,358.388888888 Manual Adj Adjusted effects of assumed Preferred Stock conversion 0 0 0 0 -,676,351 Adjusted weighted average shares outstanding - diluted 21,560,523.777777776 21,518,468.597826086 20,645,469.184782609 18,893,158.120879121 18,236,007.388888888 YTD YTD Adjusted diluted earnings per common share $0.52 $0.34 $0.47380855879071665 $0.51129620247684193 $1.7218681332149422E-2 $0 $-0.37 $-0.73701044770955082 Net income available to common stockholders $11,878 $6,111 $9,587 $9,467 $10,281 AvgTangEq Average tangible common equity ,326,613.87815996399 ,330,819.26071665203 ,309,624.48608661105 ,254,087.71438832497 ,238,405.481105716 Return on average tangible common equity 0.14748879980322205 7.3286930780113405E-2 0.12284358034959482 0.14944458475076014 0.17489181235802964 Adjusted efficiency ratio: Net interest income $47,130 $45,796 $39,512 $38,557 $31,819 Non-interest income 5,172 3,998 4,171 5,202 27,285 Operating revenue 52,302 49,794 43,683 43,759 59,104 Manual Adj Gain on sale of subsidiary -1,071 0 0 0 ,-20,860 Adjusted operating revenue $51,231 $49,794 $43,683 $43,759 $38,244 Non-interest expenses $34,042 $33,231 $28,225 $27,321 $34,837 Incremental bonus related to transaction 0 0 0 0 -4,814 Manual Adj Transaction related costs 0 -1,688 0 0 -,325 Adjusted non-interest expenses $34,042 $31,543 $28,225 $27,321 $29,698 Adjusted efficiency ratio 0.66448049032812162 0.63346989597140213 0.64613236270402674 0.6243515619643959 0.77654011086706409 Adjusted net non-interest expense to average assets ratio: Non-interest expenses $34,042 $33,231 $28,225 $27,321 $34,837 Incremental bonus related to transaction 0 0 0 0 -4,814 Manual Adj Transaction related costs 0 -1,688 0 0 -,325 Adjusted non-interest expenses $34,042 $31,543 $28,225 $27,321 $29,698 Total non-interest income $5,172 $3,998 $4,171 $5,202 $27,285 Gain on sale of subsidiary -1,071 0 0 0 ,-20,860 Adjusted non-interest income $4,101 $3,998 $4,171 $5,202 $6,425 Adjusted net non-interest expenses $29,941 $27,545 $24,054 $22,119 $23,273 AvgAssets Average total assets $3,410,883 $3,181,697 $2,849,170 $2,723,303 $2,619,282 CHECK ROUNDING $0 $0 Adjusted net non-interest expense to average assets ratio 3.559998653981649E-2 3.4347014652325744E-2 3.3494537158113631E-2 3.2577743252978436E-2 3.6034663104027913E-2 As of and for the Three Months Ended (Dollars in thousands, March 31, December 31, September 30, June 30, March 31, except per share amounts) 2018 2017 2017 2017 2017 Reported yield on loans 7.65% 7.729999999999999% 7.439999999999999% 7.79% 7.149999999999999% DisAcrLYLD Effect of accretion income on acquired loans -0.29% -0.259999999999999% -0.24% -0.54% -0.219999999999999% Adjusted yield on loans 7.3595524365644024E-2 7.4670195642022277E-2 7.1993057351056461E-2 7.2487574833300081E-2 6.9287190236321197E-2 Reported net interest margin 6.615380371230043% 6.16258340526653% 5.897814119286116% 6.157029032674648% 5.371248944642441% DisAcrLNIM Effect of accretion income on acquired loans -0.25% -0.23% -0.21% -0.46% -0.18% Adjusted net interest margin 5.8073183053593158E-2 5.9341455831213086E-2 5.687540444635214E-2 5.6963855528600359E-2 5.1889117637716406E-2 Total stockholders' equity $,402,944 $,391,698 $,386,097 $,310,467 $,300,425 Preferred_Stock_A Preferred_Stock_B Preferred stock liquidation preference -9,658 -9,658 -9,658 -9,658 -9,746 Total common stockholders' equity ,393,286 ,382,040 ,376,439 ,300,809 ,290,679 Goodwill and other intangibles ,-63,923 ,-63,778 ,-42,452 ,-43,321 ,-44,233 Tangible common stockholders' equity $,329,363 $,318,262 $,333,987 $,257,488 $,246,446 Common shares outstanding, end of period Common shares outstanding 20,824,509 20,820,445 20,820,900 18,132,585 18,078,769 Tangible book value per share $15.816123203673133 $15.28603255117746 $16.04094923850554 $14.200291905428818 $13.631790969838709 Total assets at end of period $3,405,010 $3,499,033 $2,906,161 $2,836,684 $2,635,358 Goodwill and other intangibles ,-63,923 ,-63,778 ,-42,452 ,-43,321 ,-44,233 Adjusted total assets at period end $3,341,087 $3,435,255 $2,863,709 $2,793,363 $2,591,125 Tangible common stockholders' equity ratio 9.8579594006381749E-2 9.2645815230601516E-2 0.11662742268854831 9.2178495956307865E-2 9.5111582806695932E-2 $0 $0 $0 $0 $0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $0 $0 $0 $0 $0 0 0 0 0 0 Slide Deck Presentation: Metrics and non-GAAP financial reconciliation As of and for the Three Months Ended March 31, December 31, September 30, June 30, March 31, (Dollars in thousands, except per share amounts) 2018 2017 2017 2017 2017 Net income available to common stockholders $11,878 $6,111 $9,587 $9,467 $10,281 Gain on sale of subsidiary -1,071 0 0 0 ,-20,860 Incremental bonus related to transaction 0 0 0 0 4,814 Transaction related costs 0 1,688 0 0 325 Tax effect of adjustments 248.36490000000001 -,601 0 0 5,754 Adjusted net income available to common stockholders $11,055.3649 $7,198 $9,587 $9,467 $314 Dilutive effect of convertible preferred stock 190 194 195 193 0 Adjusted net income available to common stockholders - diluted $11,245.3649 $7,392 $9,782 $9,660 $314 Weighted average shares outstanding - diluted 21,560,523.777777776 21,518,468.597826086 20,645,469.184782609 18,893,158.120879121 18,912,358.388888888 Adjusted effects of assumed Preferred Stock conversion 0 0 0 0 -,676,351 Adjusted weighted average shares outstanding - diluted 21,560,523.777777776 21,518,468.597826086 20,645,469.184782609 18,893,158.120879121 18,236,007.388888888 Adjusted diluted earnings per common share $0.52 $0.34 $0.47380855879071665 $0.51129620247684193 $1.7218681332149422E-2 Net income available to common stockholders $11,878 $6,111 $9,587 $9,467 $10,281 Average tangible common equity ,326,613.87815996399 ,330,819.26071665203 ,309,624.48608661105 ,254,087.71438832497 ,238,405.481105716 Return on average tangible common equity 0.14748879980322205 7.3286930780113405E-2 0.12284358034959482 0.14944458475076014 0.17489181235802964 Metrics and non-GAAP financial reconciliation (cont'd) As of and for the Three Months Ended March 31, December 31, September 30, June 30, March 31, (Dollars in thousands, except per share amounts) 2018 2017 2017 2017 2017 Adjusted efficiency ratio: Net interest income $47,130 $45,796 $39,512 $38,557 $31,819 Non-interest income 5,172 3,998 4,171 5,202 27,285 Operating revenue 52,302 49,794 43,683 43,759 59,104 Gain on sale of subsidiary -1,071 0 0 0 ,-20,860 Adjusted operating revenue $51,231 $49,794 $43,683 $43,759 $38,244 Non-interest expenses $34,042 $33,231 $28,225 $27,321 $34,837 Incremental bonus related to transaction 0 0 0 0 -4,814 Transaction related costs 0 -1,688 0 0 -,325 Adjusted non-interest expenses $34,042 $31,543 $28,225 $27,321 $29,698 Adjusted efficiency ratio 0.66448049032812162 0.63346989597140213 0.64613236270402674 0.6243515619643959 0.77654011086706409 Adjusted net non-interest expense to average assets ratio: Non-interest expenses $34,042 $33,231 $28,225 $27,321 $34,837 Incremental bonus related to transaction 0 0 0 0 -4,814 Transaction related costs 0 -1,688 0 0 -,325 Adjusted non-interest expenses $34,042 $31,543 $28,225 $27,321 $29,698 Total non-interest income $5,172 $3,998 $4,171 $5,202 $27,285 Gain on sale of subsidiary -1,071 0 0 0 ,-20,860 Adjusted non-interest income $4,101 $3,998 $4,171 $5,202 $6,425 Adjusted net non-interest expenses $29,941 $27,545 $24,054 $22,119 $23,273 Average total assets 3,410,883 3,181,697 2,849,170 2,723,303 2,619,282 Adjusted net non-interest expense to average assets ratio 3.559998653981649E-2 3.4347014652325744E-2 3.3494537158113631E-2 3.2577743252978436E-2 3.6034663104027913E-2 Metrics and non-GAAP financial reconciliation (cont'd) As of and for the Three Months Ended March 31, December 31, September 30, June 30, March 31, (Dollars in thousands, except per share amounts) 2018 2017 2017 2017 2017 Reported yield on loans 7.65% 7.729999999999999% 7.439999999999999% 7.79% 7.149999999999999% Effect of accretion income on acquired loans -0.29% -0.259999999999999% -0.24% -0.54% -0.219999999999999% Adjusted yield on loans 7.3595524365644024E-2 7.4670195642022277E-2 7.1993057351056461E-2 7.2487574833300081E-2 6.9287190236321197E-2 Reported net interest margin 6.615380371230043% 6.16258340526653% 5.897814119286116% 6.157029032674648% 5.371248944642441% Effect of accretion income on acquired loans -0.25% -0.23% -0.21% -0.46% -0.18% Adjusted net interest margin 5.8073183053593158E-2 5.9341455831213086E-2 5.687540444635214E-2 5.6963855528600359E-2 5.1889117637716406E-2 Total stockholders' equity $,402,944 $,391,698 $,386,097 $,310,467 $,300,425 Preferred stock liquidation preference -9,658 -9,658 -9,658 -9,658 -9,746 Total common stockholders' equity ,393,286 ,382,040 ,376,439 ,300,809 ,290,679 Goodwill and other intangibles ,-63,923 ,-63,778 ,-42,452 ,-43,321 ,-44,233 Tangible common stockholders' equity $,329,363 $,318,262 $,333,987 $,257,488 $,246,446 Common shares outstanding at end of period 20,824,509 20,820,445 20,820,900 18,132,585 18,078,769 Tangible book value per share $15.816123203673133 $15.28603255117746 $16.04094923850554 $14.200291905428818 $13.631790969838709 Total assets at end of period $3,405,010 $3,499,033 $2,906,161 $2,836,684 $2,635,358 Goodwill and other intangibles ,-63,923 ,-63,778 ,-42,452 ,-43,321 ,-44,233 Adjusted total assets at period end $3,341,087 $3,435,255 $2,863,709 $2,793,363 $2,591,125 Tangible common stockholders' equity ratio 9.8579594006381749E-2 9.2645815230601516E-2 0.11662742268854831 9.2178495956307865E-2 9.5111582806695932E-2 90 365 Metrics and non-GAAP financial reconciliation (cont'd) For the Three Months Ended For the Three Months Ended March 31, 2018 March 31, 2018 (Dollars in thousands, except per share amounts) GAAP Core (Dollars in thousands, except per share amounts) GAAP Core Net Interest Income to Average Total Assets: Credit Costs to Average Total Assets: Net Interest Income $47,130 $47,130 Provision for Loan Losses $2,548 $2,548 Average Total Assets 3,410,883 3,410,883 Average Total Assets 3,410,883 3,410,883 Net Interest Income to Average Assets 5.6000000000000001E-2 5.6000000000000001E-2 Credit Costs to Average Assets 3.0000000000000001E-3 3.0000000000000001E-3 Net Noninterest Expense to Average Total Assets: Taxes to Average Total Assets: Total Noninterest Expense $34,042 $34,042 Income Tax Expense $3,644 $3,644 Total Noninterest Income 5,172 5,172 Tax effect of adjustments 0 248.36490000000001 Gain on sale of subsidiary 0 -1,071 Adjusted Tax Expense 3,644 3,395.6351 Adjusted Noninterest Income 5,172 4,101 Average Total Assets 3,410,883 3,410,883 Net Noninterest Expense $28,870 $29,941 Taxes to Average Assets 4.4000000000000003E-3 4.0000000000000001E-3 MANUAL ADJ FOR ROUNDING Average Total Assets 3,410,883 3,410,883 Net Noninterest Expense to Average Assets Ratio 3.4299999999999997E-2 3.56E-2 Return on Average Total Assets: Net Interest Income to Average Assets 5.6% 5.6% Pre-Provision Net Revenue to Average Total Assets: Net Noninterest Expense to Average Assets Ratio -3.43% -3.56% Net Interest Income $47,130 $47,130 Pre-Provision Net Revenue to Average Assets 2.17% 2.400000000000001% Net Noninterest Expense ,-28,870 ,-29,941 Credit Costs to Average Assets -0.3% -0.3% Pre-Provision Net Revenue $18,260 $17,189 Taxes to Average Assets -0.44% -0.4% Average Total Assets 3,410,883 3,410,883 Return on Average Assets 1.4300000000000004E-2 1.3400000000000002E-2 Pre-Provision Net Revenue to Average Assets 2.1700000000000001E-2 2.0400000000000001E-2 MANUAL ADJ FOR ROUNDING 0 0 0 -4.8821729141295192E-5

NON-GAAP FINANCIAL RECONCILIATION PAGE 43190QTD 42916QTD 42825QTD 42460QTD 42185QTD Period end date 43190 43100 43008 42916 42825 Quarter Days in Year 365 365 365 365 365 Days in Quarter 90 92 92 91 90 As of and for the Three Months Ended (Dollars in thousands, March 31, December 31, September 30, June 30, March 31, except per share amounts) 2018 2017 2017 2017 2017 Net income available to common stockholders $11,878 $6,111 $9,587 $9,467 $10,281 Gain on sale of subsidiary -1,071 0 0 0 ,-20,860 Manual Adj Incremental bonus related to transaction 0 0 0 0 4,814 Transaction related costs 0 1,688 0 0 325 Tax effect of adjustments 248.36490000000001 -,601 0 0 5,754 Adjusted net income available to common stockholders $11,055.3649 $7,198 $9,587 $9,467 $314 Manual Adj Dilutive effect of convertible preferred stock 190 194 195 193 0 Adjusted net income available to common stockholders - diluted $11,245.3649 $7,392 $9,782 $9,660 $314 Diluted_Shrs Weighted average shares outstanding - diluted 21,560,523.777777776 21,518,468.597826086 20,645,469.184782609 18,893,158.120879121 18,912,358.388888888 Manual Adj Adjusted effects of assumed Preferred Stock conversion 0 0 0 0 -,676,351 Adjusted weighted average shares outstanding - diluted 21,560,523.777777776 21,518,468.597826086 20,645,469.184782609 18,893,158.120879121 18,236,007.388888888 YTD YTD Adjusted diluted earnings per common share $0.52 $0.34 $0.47380855879071665 $0.51129620247684193 $1.7218681332149422E-2 $0 $-0.37 $-0.73701044770955082 Net income available to common stockholders $11,878 $6,111 $9,587 $9,467 $10,281 AvgTangEq Average tangible common equity ,326,613.87815996399 ,330,819.26071665203 ,309,624.48608661105 ,254,087.71438832497 ,238,405.481105716 Return on average tangible common equity 0.14748879980322205 7.3286930780113405E-2 0.12284358034959482 0.14944458475076014 0.17489181235802964 Adjusted efficiency ratio: Net interest income $47,130 $45,796 $39,512 $38,557 $31,819 Non-interest income 5,172 3,998 4,171 5,202 27,285 Operating revenue 52,302 49,794 43,683 43,759 59,104 Manual Adj Gain on sale of subsidiary -1,071 0 0 0 ,-20,860 Adjusted operating revenue $51,231 $49,794 $43,683 $43,759 $38,244 Non-interest expenses $34,042 $33,231 $28,225 $27,321 $34,837 Incremental bonus related to transaction 0 0 0 0 -4,814 Manual Adj Transaction related costs 0 -1,688 0 0 -,325 Adjusted non-interest expenses $34,042 $31,543 $28,225 $27,321 $29,698 Adjusted efficiency ratio 0.66448049032812162 0.63346989597140213 0.64613236270402674 0.6243515619643959 0.77654011086706409 Adjusted net non-interest expense to average assets ratio: Non-interest expenses $34,042 $33,231 $28,225 $27,321 $34,837 Incremental bonus related to transaction 0 0 0 0 -4,814 Manual Adj Transaction related costs 0 -1,688 0 0 -,325 Adjusted non-interest expenses $34,042 $31,543 $28,225 $27,321 $29,698 Total non-interest income $5,172 $3,998 $4,171 $5,202 $27,285 Gain on sale of subsidiary -1,071 0 0 0 ,-20,860 Adjusted non-interest income $4,101 $3,998 $4,171 $5,202 $6,425 Adjusted net non-interest expenses $29,941 $27,545 $24,054 $22,119 $23,273 AvgAssets Average total assets $3,410,883 $3,181,697 $2,849,170 $2,723,303 $2,619,282 CHECK ROUNDING $0 $0 Adjusted net non-interest expense to average assets ratio 3.559998653981649E-2 3.4347014652325744E-2 3.3494537158113631E-2 3.2577743252978436E-2 3.6034663104027913E-2 As of and for the Three Months Ended (Dollars in thousands, March 31, December 31, September 30, June 30, March 31, except per share amounts) 2018 2017 2017 2017 2017 Reported yield on loans 7.65% 7.729999999999999% 7.439999999999999% 7.79% 7.149999999999999% DisAcrLYLD Effect of accretion income on acquired loans -0.29% -0.259999999999999% -0.24% -0.54% -0.219999999999999% Adjusted yield on loans 7.3595524365644024E-2 7.4670195642022277E-2 7.1993057351056461E-2 7.2487574833300081E-2 6.9287190236321197E-2 Reported net interest margin 6.615380371230043% 6.16258340526653% 5.897814119286116% 6.157029032674648% 5.371248944642441% DisAcrLNIM Effect of accretion income on acquired loans -0.25% -0.23% -0.21% -0.46% -0.18% Adjusted net interest margin 5.8073183053593158E-2 5.9341455831213086E-2 5.687540444635214E-2 5.6963855528600359E-2 5.1889117637716406E-2 Total stockholders' equity $,402,944 $,391,698 $,386,097 $,310,467 $,300,425 Preferred_Stock_A Preferred_Stock_B Preferred stock liquidation preference -9,658 -9,658 -9,658 -9,658 -9,746 Total common stockholders' equity ,393,286 ,382,040 ,376,439 ,300,809 ,290,679 Goodwill and other intangibles ,-63,923 ,-63,778 ,-42,452 ,-43,321 ,-44,233 Tangible common stockholders' equity $,329,363 $,318,262 $,333,987 $,257,488 $,246,446 Common shares outstanding, end of period Common shares outstanding 20,824,509 20,820,445 20,820,900 18,132,585 18,078,769 Tangible book value per share $15.816123203673133 $15.28603255117746 $16.04094923850554 $14.200291905428818 $13.631790969838709 Total assets at end of period $3,405,010 $3,499,033 $2,906,161 $2,836,684 $2,635,358 Goodwill and other intangibles ,-63,923 ,-63,778 ,-42,452 ,-43,321 ,-44,233 Adjusted total assets at period end $3,341,087 $3,435,255 $2,863,709 $2,793,363 $2,591,125 Tangible common stockholders' equity ratio 9.8579594006381749E-2 9.2645815230601516E-2 0.11662742268854831 9.2178495956307865E-2 9.5111582806695932E-2 $0 $0 $0 $0 $0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $0 $0 $0 $0 $0 0 0 0 0 0 Slide Deck Presentation: Metrics and non-GAAP financial reconciliation As of and for the Three Months Ended March 31, December 31, September 30, June 30, March 31, (Dollars in thousands, except per share amounts) 2018 2017 2017 2017 2017 Net income available to common stockholders $11,878 $6,111 $9,587 $9,467 $10,281 Gain on sale of subsidiary -1,071 0 0 0 ,-20,860 Incremental bonus related to transaction 0 0 0 0 4,814 Transaction related costs 0 1,688 0 0 325 Tax effect of adjustments 248.36490000000001 -,601 0 0 5,754 Adjusted net income available to common stockholders $11,055.3649 $7,198 $9,587 $9,467 $314 Dilutive effect of convertible preferred stock 190 194 195 193 0 Adjusted net income available to common stockholders - diluted $11,245.3649 $7,392 $9,782 $9,660 $314 Weighted average shares outstanding - diluted 21,560,523.777777776 21,518,468.597826086 20,645,469.184782609 18,893,158.120879121 18,912,358.388888888 Adjusted effects of assumed Preferred Stock conversion 0 0 0 0 -,676,351 Adjusted weighted average shares outstanding - diluted 21,560,523.777777776 21,518,468.597826086 20,645,469.184782609 18,893,158.120879121 18,236,007.388888888 Adjusted diluted earnings per common share $0.52 $0.34 $0.47380855879071665 $0.51129620247684193 $1.7218681332149422E-2 Net income available to common stockholders $11,878 $6,111 $9,587 $9,467 $10,281 Average tangible common equity ,326,613.87815996399 ,330,819.26071665203 ,309,624.48608661105 ,254,087.71438832497 ,238,405.481105716 Return on average tangible common equity 0.14748879980322205 7.3286930780113405E-2 0.12284358034959482 0.14944458475076014 0.17489181235802964 Metrics and non-GAAP financial reconciliation (cont'd) As of and for the Three Months Ended March 31, December 31, September 30, June 30, March 31, (Dollars in thousands, except per share amounts) 2018 2017 2017 2017 2017 Adjusted efficiency ratio: Net interest income $47,130 $45,796 $39,512 $38,557 $31,819 Non-interest income 5,172 3,998 4,171 5,202 27,285 Operating revenue 52,302 49,794 43,683 43,759 59,104 Gain on sale of subsidiary -1,071 0 0 0 ,-20,860 Adjusted operating revenue $51,231 $49,794 $43,683 $43,759 $38,244 Non-interest expenses $34,042 $33,231 $28,225 $27,321 $34,837 Incremental bonus related to transaction 0 0 0 0 -4,814 Transaction related costs 0 -1,688 0 0 -,325 Adjusted non-interest expenses $34,042 $31,543 $28,225 $27,321 $29,698 Adjusted efficiency ratio 0.66448049032812162 0.63346989597140213 0.64613236270402674 0.6243515619643959 0.77654011086706409 Adjusted net non-interest expense to average assets ratio: Non-interest expenses $34,042 $33,231 $28,225 $27,321 $34,837 Incremental bonus related to transaction 0 0 0 0 -4,814 Transaction related costs 0 -1,688 0 0 -,325 Adjusted non-interest expenses $34,042 $31,543 $28,225 $27,321 $29,698 Total non-interest income $5,172 $3,998 $4,171 $5,202 $27,285 Gain on sale of subsidiary -1,071 0 0 0 ,-20,860 Adjusted non-interest income $4,101 $3,998 $4,171 $5,202 $6,425 Adjusted net non-interest expenses $29,941 $27,545 $24,054 $22,119 $23,273 Average total assets 3,410,883 3,181,697 2,849,170 2,723,303 2,619,282 Adjusted net non-interest expense to average assets ratio 3.559998653981649E-2 3.4347014652325744E-2 3.3494537158113631E-2 3.2577743252978436E-2 3.6034663104027913E-2 Metrics and non-GAAP financial reconciliation (cont'd) As of and for the Three Months Ended March 31, December 31, September 30, June 30, March 31, (Dollars in thousands, except per share amounts) 2018 2017 2017 2017 2017 Reported yield on loans 7.65% 7.729999999999999% 7.439999999999999% 7.79% 7.149999999999999% Effect of accretion income on acquired loans -0.29% -0.259999999999999% -0.24% -0.54% -0.219999999999999% Adjusted yield on loans 7.3595524365644024E-2 7.4670195642022277E-2 7.1993057351056461E-2 7.2487574833300081E-2 6.9287190236321197E-2 Reported net interest margin 6.615380371230043% 6.16258340526653% 5.897814119286116% 6.157029032674648% 5.371248944642441% Effect of accretion income on acquired loans -0.25% -0.23% -0.21% -0.46% -0.18% Adjusted net interest margin 5.8073183053593158E-2 5.9341455831213086E-2 5.687540444635214E-2 5.6963855528600359E-2 5.1889117637716406E-2 Total stockholders' equity $,402,944 $,391,698 $,386,097 $,310,467 $,300,425 Preferred stock liquidation preference -9,658 -9,658 -9,658 -9,658 -9,746 Total common stockholders' equity ,393,286 ,382,040 ,376,439 ,300,809 ,290,679 Goodwill and other intangibles ,-63,923 ,-63,778 ,-42,452 ,-43,321 ,-44,233 Tangible common stockholders' equity $,329,363 $,318,262 $,333,987 $,257,488 $,246,446 Common shares outstanding at end of period 20,824,509 20,820,445 20,820,900 18,132,585 18,078,769 Tangible book value per share $15.816123203673133 $15.28603255117746 $16.04094923850554 $14.200291905428818 $13.631790969838709 Total assets at end of period $3,405,010 $3,499,033 $2,906,161 $2,836,684 $2,635,358 Goodwill and other intangibles ,-63,923 ,-63,778 ,-42,452 ,-43,321 ,-44,233 Adjusted total assets at period end $3,341,087 $3,435,255 $2,863,709 $2,793,363 $2,591,125 Tangible common stockholders' equity ratio 9.8579594006381749E-2 9.2645815230601516E-2 0.11662742268854831 9.2178495956307865E-2 9.5111582806695932E-2 90 365 Metrics and non-GAAP financial reconciliation (cont'd) For the Three Months Ended For the Three Months Ended March 31, 2018 March 31, 2018 (Dollars in thousands, except per share amounts) GAAP Core (Dollars in thousands, except per share amounts) GAAP Core Net Interest Income to Average Total Assets: Credit Costs to Average Total Assets: Net Interest Income $47,130 $47,130 Provision for Loan Losses $2,548 $2,548 Average Total Assets 3,410,883 3,410,883 Average Total Assets 3,410,883 3,410,883 Net Interest Income to Average Assets 5.6000000000000001E-2 5.6000000000000001E-2 Credit Costs to Average Assets 3.0000000000000001E-3 3.0000000000000001E-3 Net Noninterest Expense to Average Total Assets: Taxes to Average Total Assets: Total Noninterest Expense $34,042 $34,042 Income Tax Expense $3,644 $3,644 Total Noninterest Income 5,172 5,172 Tax effect of adjustments 0 248.36490000000001 Gain on sale of subsidiary 0 -1,071 Adjusted Tax Expense 3,644 3,395.6351 Adjusted Noninterest Income 5,172 4,101 Average Total Assets 3,410,883 3,410,883 Net Noninterest Expense $28,870 $29,941 Taxes to Average Assets 4.4000000000000003E-3 4.0000000000000001E-3 MANUAL ADJ FOR ROUNDING Average Total Assets 3,410,883 3,410,883 Net Noninterest Expense to Average Assets Ratio 3.4299999999999997E-2 3.56E-2 Return on Average Total Assets: Net Interest Income to Average Assets 5.6% 5.6% Pre-Provision Net Revenue to Average Total Assets: Net Noninterest Expense to Average Assets Ratio -3.43% -3.56% Net Interest Income $47,130 $47,130 Pre-Provision Net Revenue to Average Assets 2.17% 2.400000000000001% Net Noninterest Expense ,-28,870 ,-29,941 Credit Costs to Average Assets -0.3% -0.3% Pre-Provision Net Revenue $18,260 $17,189 Taxes to Average Assets -0.44% -0.4% Average Total Assets 3,410,883 3,410,883 Return on Average Assets 1.4300000000000004E-2 1.3400000000000002E-2 Pre-Provision Net Revenue to Average Assets 2.1700000000000001E-2 2.0400000000000001E-2 MANUAL ADJ FOR ROUNDING 0 0 0 -4.8821729141295192E-5