American Savings Bank, N.A. · NYSE:ASBH
American Savings Bank, N.A — Q3 2026 Earnings Presentation
21 slides from American Savings Bank, N.A's earnings presentation, Oct 30, 2026
Slide 1: Third Quarter 2026 Earnings Supplement
Third Quarter 2026 Earnings Supplement
Slide 2: Disclaimer and Statement on Use of Non-GAAP Financial Measures
Disclaimer and Statement on Use of Non-GAAP Financial Measures Cautionary Note Regarding Forward-Looking Statements This presentation contains forward-looking statements (including within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of
Slide 3: Third Quarter 2026 Financial Snapshot
Third Quarter 2026 Financial Snapshot¹ $29.0M $0.45 1.29% 16.68% Net Income Diluted EPS Return on Average Assets² Return on Average Tangible Common Equity²,³ 3.61% 0.68% $6.2B $8.9B $8.1B $10.64 Net Interest Margin² Cost of Deposits² Total Loans Total Assets Total Deposits Tangible Book Value per Sh
Slide 4: Hawaii Economic Backdrop
Hawaii Economic Backdrop Tourism¹ Unemployment² Statewide Housing³ YTD through August YTD through September +1.8% +4.1% 2.8% +2.45% –1.65% Visitor arrivals Visitor spending September unemployment Single-family Condominium rate for Hawaii median sales price median sales price • 6.69M visitors arrived
Slide 5: Operating Results
Operating Results $29.0M (Dollars in thousands, except 3Q25 2Q26 3Q26 per share and ratios) Net Income Net Income $19,961 $27,175 $28,989 $0.45 Diluted Earnings Per Share¹ $0.31 $0.42 $0.45 Diluted EPS Return on Average Assets² 0.91% 1.21% 1.29% • Net income up 6.7% QoQ and 45.2% YoY Return on Avera
Slide 6: Net Interest Income and Funding Costs
Net Interest Income and Funding Costs Net Interest Income and Margin¹ Net Interest Margin¹ 3.61% $100 4.5% 3.46% 3.57% 3.61% $71.7 $75.2 $76.4 3.0% $50 1.5% +4 bps QoQ $0 0.0% 3Q25 2Q26 3Q26 NII ($M) NIM (%) NII Growth Drivers • Higher avg. loan balances and earning- Loan and Securities Runoff Cost
Slide 7: Noninterest Income and Expense
Noninterest Income and Expense Noninterest Income ($M) Noninterest Expense ($M) $21.0M $59.0M −$2.8M QoQ −$2.1M QoQ Decrease primarily driven by $4.1M lower bank-owned Decrease primarily driven by $4.1M lower deferred- life insurance fair market value (“FMV”) adjustment, compensation liability FMV a
Slide 8: Balance Sheet
Balance Sheet Total Loans¹ Total Deposits $6.2B $8.1B −$23.8M QoQ / +$124.2M YoY −$137.6M QoQ / +$107.8M YoY QoQ decrease driven by lower C&I and CRE loans, QoQ decrease in deposits primarily reflects normal partially offset by commercial construction growth. commercial customer activity and continu
Slide 9: Capital
Capital Quarterly Dividend TCE / Tangible Assets (%)¹ Tier 1 Leverage Ratio (%) 7.74 $0.27 9.00 9.03 9.10 9.24 7.65 8.93 7.54 7.46 7.34 per common share Record Date: November 9, 2026 3Q25 4Q25 1Q26 2Q26 3Q26 3Q25 4Q25 1Q26 2Q26 3Q26 Payable Date: November 20, 2026 Dividend Payout Ratio² Tier 1 Capit
Slide 10: Credit Quality
Credit Quality Allowance / Loans Criticized Loans / Loans 0.97% 2.48% 0.92% 0.95% 0.95% 0.99% 0.97% 2.40% 2.48% 1.80% 1.26% 0.98% 3Q25 4Q25 1Q26 2Q26 3Q26 3Q25 4Q25 1Q26 2Q26 3Q26 Annualized NCOs / Average Loans Nonperforming Loans / Loans 0.11% 0.29% 0.47% 0.11% 0.29% 0.07% 0.19% 0.20% 0.19% 0.02%
Slide 11: Questions & Answers
Questions & Answers 3Q26 Earnings 11
Slide 12: Appendix
Appendix 3Q26 Earnings 12
Slide 13: Non-GAAP Financial Measures: Adjusted Noninterest Income
Non-GAAP Financial Measures Adjusted Noninterest Income Adjusted noninterest income is defined as noninterest income excluding loss on sale of investment securities and loss on sale of consumer loans. These adjustments resulted from certain balance sheet repositioning activities during the periods p
Slide 14: Non-GAAP Financial Measures: Adjusted Noninterest Expense
Non-GAAP Financial Measures Adjusted Noninterest Expense Adjusted noninterest expense is defined as noninterest expense excluding pension plan settlement and IPO professional services and other related expense. The pension plan settlement is related to the termination of the ASB Retirement Plan in t
Slide 15: Non-GAAP Financial Measures: Adjusted Net Income and Diluted EPS
Non-GAAP Financial Measures Adjusted Net Income and Adjusted Diluted Earnings Per Share Adjusted net income is defined as net income, excluding loss on sale of investment securities, loss on sale of consumer loans, pension plan settlement and IPO professional services and other related expense, net
Slide 16: Non-GAAP Financial Measures: Pre-tax, Pre-provision Income
Non-GAAP Financial Measures Pre-tax, Pre-provision Income Pre-tax, pre-provision income is defined as net income, excluding income tax expense (benefit) and provision (benefit) for credit losses. We believe this measure provides investors with useful and comparative information to assess trends in t
Slide 17: Non-GAAP Financial Measures: Revenue and Adjusted Revenue
Non-GAAP Financial Measures Revenue and Adjusted Revenue Revenue is defined as Net interest income plus Noninterest income. We believe this measure allows investors to monitor our ability to generate capital from operations. Adjusted revenue is defined as Net interest income plus Adjusted noninteres
Slide 18: Non-GAAP Financial Measures: Efficiency Ratio
Non-GAAP Financial Measures Efficiency Ratio and Adjusted Efficiency Ratio Efficiency ratio is defined as the ratio of Noninterest expense to Revenue. We believe this ratio allows investors to measure our operational efficiency. Adjusted efficiency ratio is defined as the Adjusted noninterest expens
Slide 19: Non-GAAP Financial Measures: Return on Average Assets
Non-GAAP Financial Measures Return on Average Assets and Adjusted Return on Average Assets Return on average total assets is defined as the ratio of annualized net income divided by average assets for the respective period. We believe this ratio measures our ability to generate profits from our asse
Slide 20: Non-GAAP Financial Measures: Return on Average Tangible Common Equity
Non-GAAP Financial Measures Return on Average Tangible Common Equity Return on average tangible common equity is defined as the ratio of annualized net income divided by average tangible common equity for the respective period. We believe this ratio measures our ability to generate profits from our
Slide 21: Non-GAAP Financial Measures: Tangible Common Equity to Tangible Assets
Non-GAAP Financial Measures Tangible Common Equity to Tangible Assets Tangible common equity (“TCE”) to tangible assets is defined as the ratio of TCE to tangible assets. TCE to tangible assets is commonly used by investors to evaluate a banking organizations’ capital adequacy and balance sheet leve
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