River City Bank · OTC:RCBC
River City Bank — Q3 2026 Earnings Presentation
26 slides from River City Bank's earnings presentation, October 2026
Slide 1: Investor Presentation
Investor Presentation October 2026 1
Slide 2: Safe Harbor Statement and Disclaimer
Safe Harbor Statement and Disclaimer Forward-Looking Statements In this presentation, “we,” “our,” “us,” “River City Bank,” or “the Bank” refers to River City Bank, a California corporation, a California state-chartered bank. This presentation contains forward-looking statements within the meaning o
Slide 3: Executive Management Team
Executive Management Team Dan Franklin Steve Fleming Brian Killeen EVP, Director of Commercial Real President, Chief Executive Officer EVP, Chief Financial Officer Since 2008 Since 2007 Estate Since 2008 Rosa Cucicea Pat Lewis Tony Eyer SVP, Director of Clean EVP, Chief Operating Officer SVP, Chief
Slide 4: Recent Accolades
Recent Accolades BANKDIRECTOR FORBES S&P GLOBAL 4th 13th 30th Best U.S. Bank Best Bank in America Best U.S. Bank 1st 1st 1st Best Asset Quality Best Asset Quality Best Asset Quality River City Bank is honored to be River City Bank is delighted to be River City Bank is pleased to be ranked as the 4th
Slide 5: Company Overview
Company Overview Branch-light boutique commercial operating model ACTIVE WESTERN U.S. LENDER WITH A STRONG CALIFORNIA DEPOSIT FRANCHISE C O R P O R AT E O V E R V I E W ( 1 ) Headquarters Sacramento, CA Greater Sacramento Ticker Nasdaq: RCBC Full Time Equivalent 156 ("FTE") Employees Founded 1973 To
Slide 6: 3rd Quarter 2026 Financial Highlights
3rd Quarter 2026 Financial Highlights ✓ Net income of $30.6 million for the quarter ended September 30, 2026, compared to $19.6 million for the trailing quarter and $19.7 million for the same quarter in the prior year Earnings & Profitability ✓ Core Pre-Tax Pre-Provision (PTPP) income was $29.3 mill
Slide 7: 3rd Quarter 2026 Key Metrics
3rd Quarter 2026 Key Metrics ($ in thousands, except share data) For the three months ended 9/30/2026 6/30/2026 9/30/2025 Net Income $ 30,609 $ 19,616 $ 19,684 Earnings & Return on average assets (“ROAA”) 1.92% 1.28% 1.43% Profitability Return on average equity (“ROAE”) 21.06% 13.92% 15.06% Earnings
Slide 8: Balance Sheet Summary
Balance Sheet Summary As of September 30, 2026 December 31, 2025 Assets ($ in thousands) Cash and due from financial institutions $ 485,870 $ 477,471 Total Investments $ 1,021,630 $ 690,533 Total Loans $ 4,849,645 $ 4,628,103 Total Assets $ 6,381,595 $ 5,801,890 Liabilities Deposits $ 5,613,774 $ 5,
Slide 9: Historical Tangible Book Value Per Share Growth
Historical Tangible Book Value Per Share Growth(1) $42.32 $38.43 $33.65 $28.75 $24.13 $21.23 $18.64 $14.60 $13.02 $12.08 2016Y 2018Y 2019Y 2020Y 2021Y 2022Y 2023Y 2024Y 2025Y 3Q 2026 As of 9 (1) Use of Non-GAAP measures; further detail can be found in the Appendix Note: Historical shares outstanding
Slide 10: Financial Performance
Financial Performance N E T I N C O M E A N D C O R E P R E -TA X P R E - P R O V I S I O N ( “ P T P P ” ) I N C O M E ( $ I N M I L L I O N S ) (1) E A R N I N G S P E R S H A R E ( “ E P S ” ) A N D A D J U ST E D E P S (1) $30.6M $29.3M $2.16 $29.5M $28.4M $24.6M $25.4M $21.0M $1.43 $1.45 $19.7M
Slide 11: Operational Efficiency
Operational Efficiency Emphasis on disciplined expense management and scalable infrastructure E F F I C I E N CY R AT I O A N D A D J U S T E D E F F I C I E N C Y R AT I O ( 1 ) T O TA L A S S E T S T O F T E E M P L O Y E E S ( $ I N M I L L I O N S ) $40.91 $38.28 $38.73 33.59% $37.19 32.10% 31.9
Slide 12: Profitability
Profitability RO A A a n d A d j u s t e d RO A A (1) RO A E a n d A d j u s t e d RO A E (1) 1.92% 21.06% 1.43% 1.51% 1.45% 15.06% 15.92% 15.50% 13.92% 1.35% 14.50% 13.07% 12.31% 12.63% 1.22% 1.13% 1.28% 12.16% 1.14% 1.15% 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026 9/30/2025 12/31/2025 3/31
Slide 13: Net Interest Margin
Net Interest Margin NIM, YIELD ON INTEREST-EARNING ASSETS, AND COF OVER TIME 6.00% 5.23% 5.16% 4.90% 4.84% 4.86% 5.00% 4.00% 3.00% 2.80% 2.74% 2.78% 2.75% 2.72% 2.71% 2.67% 2.00% 2.38% 2.34% 2.39% 1.00% 0.00% 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026 For the quarter ended Yield on Interest-
Slide 14: Interest Rate Risk Management
Interest Rate Risk Management Disciplined hedging and balance sheet positioning support earnings stability Hedging Strategy Reported Volatility Earnings & Protection • $2.6 billion in total notional interest • $17.1 million swap gain in 3Q 2026, • NIM increased to 2.39% in 3Q 2026 rate swaps outstan
Slide 15: Change in Fair Value of Undesignated Interest Rate Swaps
Change in Fair Value of Undesignated Interest Rate Swaps ($ IN THOUSANDS) $20,000 $17,149 $15,000 $10,000 $5,000 $3,178 $1,858 $1,729 $0 $(1,568) 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026 ($5,000) For the quarter ended 15
Slide 16: Organic Loan Growth
Organic Loan Growth GROSS LOANS OVER TIME ($ IN MILLIONS) $4,850 $4,628 $4,614 $4,678 $4,274 $3,686 $3,239 $2,735 5.64% 5.49% 5.44% 5.24% 5.19% 5.21% 3.84% 3.81% 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025 3/31/2026 6/30/2026 9/30/2026 As of Total Loans Loan Yield 16
Slide 17: Loan Portfolio
Loan Portfolio T O TA L L O A N P O R T F O L I O C O M P O S I T I O N ( 1 ) W E S T E R N U . S . C R E L O A N B A L A N C E BY S TAT E ( $ i n m i l l i o n s ) (1)(3) $259 Residential CRE 4% 91% $69 $71 C&I 3% C&D Agricultural 1% 1% Consumer $252 $83 $49 0% P O R T F O L I O B R E A KO U T ( 1
Slide 18: CRE Portfolio Detail
CRE Portfolio Detail C R E D E TA I L A S O F S E P T E M B E R 3 0 , 2 0 2 6 C R E P O R T F O L I O S TAT I S T I C S ( 1 ) Loan Amount % of CRE LTV (1) CRE Asset Class As of September 30, 2026 Outstanding Weighted Avg ($ in thousands) Hospitality Other Multifamily $ 1,605,197 36.5% 38.5% 2% 0% Mo
Slide 19: Asset Quality
Asset Quality ACL -LOANS AND ACL-LOANS / GROSS LOANS $111,749 $105,471 $107,826 $102,163 $103,799 $96,051 $84,013 $64,995 2.59% 2.61% 2.38% 2.39% 2.29% 2.30% 2.30% 2.24% 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025 3/31/2026 6/30/2026 9/30/2026 As of ACL- Loans ACL / Gross Loans As of and
Slide 20: Deposit Composition
Deposit Composition D E P O S I T P O R T F O L I O BY T Y P E A S O F S E P T E M B E R 3 0 , 2 0 2 6 D E P O S I T C O M P O S I T I O N H I S T O RY (1)(2) 22% 23% 26% 26% 27% 17% 15% 12% 12% 11% 2% 2% 2% 2% 2% Non-Interest Money Market Bearing 41% 42% 44% 45% 44% 27% 16% 18% 18% 16% 15% 16% $5.6
Slide 21: Our Deposit Specialization
Our Deposit Specialization DEPOSITS OVER TIME ($ IN MILLIONS) Community Choice Aggregation (“CCA”): CCAs serve as an alternative to investor-owned utilities, procuring and managing electricity services for local communities $5,614 $5,387 $5,375 $5,148 $4,455 $4,321 $3,326 $3,442 $2,315 $2,428 $2,199
Slide 22: Capital Ratios
Capital Ratios TA N G I B L E C O M M O N E Q U I T Y R AT I O ( 1 ) T I E R 1 L E V E R A G E R AT I O 9.42% 9.45% 9.40% 9.39% 9.26% 9.12% 8.74% 8.68% 8.50% 8.23% 12/31/2022 12/31/2023 12/31/2024 12/31/2025 9/30/2026 12/31/2022 12/31/2023 12/31/2024 12/31/2025 9/30/2026 As of As of T I E R 1 C A P
Slide 23: Appendix: Non-GAAP Reconciliation (Unaudited)
Appendix: Non-GAAP Reconciliation (Unaudited) Core Pre-Tax, Pre-Provision Income (dollars in thousands) For the Three Months Ended September 30, December 31, March 31, June 30, September 30, 2025 2025 2026 2026 2026 Net Interest Income $ 37,095 $ 38,684 $ 35,015 $ 35,537 $ 37,846 Noninterest Income
Slide 24: Appendix: Non-GAAP Reconciliation (Unaudited)
Appendix: Non-GAAP Reconciliation (Unaudited) Efficiency Ratio & Adjusted Efficiency Ratio (dollars in thousands) For the Three Months Ended September 30, December 31, March 31, June 30, September 30, 2025 2025 2026 2026 2026 Total Noninterest Expense (A) $ 11,164 $ 11,393 $ 12,444 $ 11,937 $ 11,203
Slide 25: Appendix: Non-GAAP Reconciliation (Unaudited)
Appendix: Non-GAAP Reconciliation (Unaudited) Adjusted EPS, ROAA & ROAE (dollars in thousands) For the Three Months Ended September 30, December 31, March 31, June 30, September 30, 2025 2025 2026 2026 2026 Net Income 19,684 21,014 17,946 19,616 30,609 Non-core item: Change in the Fair Value of Deri
Slide 26: Appendix: Non-GAAP Reconciliation (Unaudited)
Appendix: Non-GAAP Reconciliation (Unaudited) Tangible Common Equity & Tangible Book Value per Share (dollars in thousands, except per share data) As December 31, As of June 30, September 30, 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2026 Total Stockholders' Common Equity $160,872 $184,