lbcslidedeck4q2021

Investor Presentation December 31, 2021 Simone Lagomarsino President & Chief Executive Officer Laura Tarantino Executive Vice President & Chief Financial Officer EXHIBIT 99.2

2 Forward‐Looking Statement This communication contains a number of forward‐looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward‐looking statements reflect our current views with respect to, among other things, future events and our results of operations, financial condition and financial performance. All statements contained in this communication that are not clearly historical in nature are forward‐looking, and the words such as "anticipate," "believe," “continue,” "could," "estimate," "expect," “impact,” "intend," "seek," "may," "outlook," "plan," "potential," "predict," "project," "should," "will," "would" and similar terms and phrases are generally intended to identify forward‐looking statements. These forward‐looking statements are not historical facts, and are based on current expectations, estimates and projections about our industry, management’s beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond our control. Accordingly, we caution you that any such forward‐ looking statements are not guarantees of future performance and are subject to risks, assumptions and uncertainties that are difficult to predict. Although we believe that the expectations reflected in these forward‐looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward‐looking statements. Risk factors include, without limitation, the “Risk Factors” referenced in our Annual Report on Form 10‐K for the year ended December 31, 2020 and other reports we file with the Securities and Exchange Commission (“SEC”). The risks and uncertainties listed from time to time in our reports and documents filed with the SEC include the following factors: challenges and uncertainties regarding the ongoing and dynamic nature of the COVID‐19 pandemic, business and economic conditions generally and in the financial services industry, nationally and within our current and future geographic market areas; economic, market, operational, liquidity, credit and interest rate risks associated with our business; the occurrence of significant natural or man‐made disasters, including fires, earthquakes, and terrorist acts; public health crisis and pandemics, including the COVID‐19 pandemic, and their effects on the economic and business environments in which we operate, including on our credit quality and business operations, as well as the impact on general economic and financial market conditions; our management of risks inherent in our real estate loan portfolio, and the risk of a prolonged downturn in the real estate market; our ability to achieve organic loan and deposit growth and the composition of such growth; the fiscal position of the U.S federal government and the soundness of other financial institutions; changes in consumer spending and savings habits; technological and social media changes; the laws and regulations applicable to our business; increased competition in the financial services industry; changes in the level of our nonperforming assets and charge‐offs; uncertainty regarding the future of LIBOR; our involvement from time to time in legal proceedings and examination and remedial actions by regulators; the composition of our management team and our ability to attract and retain key personnel; material weaknesses in our internal control over financial reporting; systems failures or interruptions involving our information technology and telecommunications systems; and potential exposure to fraud, negligence, computer theft and cyber‐crime. Luther Burbank Corporation ("LBC", the "Company", "we", "us", or "our") can give no assurance that any goal or expectation set forth in forward‐looking statements can be achieved and readers are cautioned not to place undue reliance on such statements. These forward‐looking statements are made as of the date of this communication, and the Company does not intend, and assumes 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 law.

3 Use of Non‐GAAP Financial Measures This investor presentation contains certain financial measures that are not measures recognized under U.S. generally accepted accounting principles (“GAAP”) and therefore, are considered non‐GAAP financial measures. The Company’s management uses these non‐GAAP financial measures in their analysis of the Company’s performance, financial condition and the efficiency of its operations. Management believes that these non‐GAAP financial measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods as well as demonstrate the effects of significant changes in the current period. The Company’s management also believes that investors find these non‐GAAP financial measures useful as they assist investors in understanding our underlying operating performance and the analysis of ongoing operating trends. However, the non‐GAAP financial measures discussed herein should not be considered in isolation or as a substitute for the most directly comparable or other financial measures calculated in accordance with GAAP. Moreover, the manner in which we calculate the non‐GAAP financial measures discussed herein may differ from that of other companies reporting measures with similar names. You should understand how such other banking organizations calculate their similar financial measures or with names similar to the non‐ GAAP financial measures we have discussed herein when comparing such non‐GAAP financial measures. Below is a listing of the non‐GAAP financial measures used in this investor presentation. • Pro forma net income and efficiency ratio, for the year ended December 31, 2020, are provided to reverse the impact of a material non‐recurring cost incurred in connection with the prepayment of long‐term FHLB borrowings. • Pro forma items include provision for income taxes, net income, return on average assets, return on average equity and earnings per share. Prior to January 1, 2018, these pro forma amounts are calculated by adding back our franchise S‐Corporation tax to net income, and using a combined C‐Corporation effective tax rate for Federal and California income taxes of 42.0%. This calculation reflects only the changes in our status as a S‐Corporation and does not give effect to any other transaction. • Efficiency ratio is defined as noninterest expenses divided by operating revenue, which is equal to net interest income plus noninterest income. • Tangible book value and tangible stockholders’ equity to tangible assets are non‐GAAP measures that exclude the impact of goodwill and are used by the Company’s management to evaluate capital adequacy. Because intangible assets such as goodwill vary extensively from company to company, we believe that the presentation of these non‐GAAP financial measures allows investors to more easily compare the Company’s capital position to other companies. • Tangible book value per share is defined as tangible stockholders' equity divided by period end shares outstanding. A reconciliation to these non‐GAAP financial measures to the most directly comparable GAAP measures are provided in the appendix to this investor presentation.

4 # Branch Location Date Established 1 Santa Rosa Oct. 1983 $ 1,138.0 2 San Rafael Sep. 1996* 587.5 3 Encino Aug. 2007 507.2 4 Beverly Hills Jul. 2010 412.0 5 Pasadena May 2009 353.5 6 Los Altos Aug. 2000 342.6 7 Long Beach Jun. 2015 324.3 8 Toluca Lake Jan. 2008 299.3 9 San Jose Jun. 2012 141.0 10 Bellevue Jun. 2018 125.8 11 El Segundo Jan. 2020 69.9 1,211.3 Wholesale Deposits 25.8 A Corporate Office 1,237.1 Total Deposits $ 5,538.2 Deposits ($mm) Specialty Deposits Franchise Overview and Financial Highlights Financial Highlights(1) Branch (11) Loan Production Office (7) ** Highlighted counties indicate primary lending markets Our Small Network of Large Branches(1) OR CA WA San Francisco Los Angeles 1 2 3 6 7 8 4 A 1 6 9 4 38 2 7 5 11 10 * Acquisition date (1) Financial data as of or for the year ended 12/31/2021. See Non‐GAAP Reconciliation in Appendix hereto. (2) Includes multifamily residential, commercial real estate, and construction loans. Actual Tota l Assets ($mm) $7,180 Tota l Loans HFI($mm) $6,297 Tota l Depos its ($mm) $5,538 Loans / Depos its 114% Book Value Per Share $12.95 Tangible Book Value Per Share $12.88 Tangible Common Equity / Tang. Assets 9.3% Leverage Capita l Ratio 10.1% Tota l Risk‐Based Capita l Ratio 19.6% Tota l CRE Loans (2) / Tota l Risk‐Based Capita l 578% ROAA 1.22% ROAE 13.64% Net Interest Margin 2.40% EPS ‐ Ful ly Di luted $1.70 Efficiency Ratio 34.3% Noninterest Expense / Avg. Assets 0.82% NPAs / Assets 0.03% ALLL / Loans HFI 0.56% Ful l ‐Time Employees (FTE) 281

5 History of Profitability Well‐Positioned in Strategic Markets Demonstrated Organic Growth Engine Strong Management Team and Robust Infrastructure Strong Asset Quality Efficient Operations Key Highlights Note: Financial data as of or for the year ended 12/31/2021. See Non‐GAAP Reconciliation in Appendix hereto. 4 3 2 1 6 5  Recorded consecutive quarterly profits since our second quarter of operations  Survived and prospered through numerous economic cycles during our more than 38‐year history  Western United States in supply‐constrained markets with strong job growth and limited affordable housing  Achieve deeper penetration of our lending and deposit gathering operations in our attractive core markets  Expand into other major metropolitan markets that share key demographic characteristics with our core markets  Multifamily: professional real estate investors focused on investing in stable, cash‐flowing assets  Single Family: primary residence, second home or investment property  Retail Deposits: strong base built on a high level of service, competitive rates and our reputation for strength and security  Led by President & CEO Simone Lagomarsino (30+ years of banking experience)  Invested heavily in people and infrastructure over the last several years  Our most important focus  Strict, quality oriented underwriting and credit monitoring processes  0.03% NPAs / Total Assets  Maintain a small network of large branches ($391 million avg. branch size)  34.3% efficiency ratio, 0.82% noninterest expense / average assets and 281 FTEs 1. History of Profitability 2. Well‐Positioned in Strategic Markets 3. Demonstrated Organic Growth Engine 4. Strong Management Team and Robust Infrastructure 5. Strong Asset Quality 6. Efficient Operations

6 Top Multifamily Lenders in the United States Source: S&P Global Market Intelligence (1) Represents delinquent multifamily loans as a percentage of total multifamily loans as September 30, 2021. Delinquent loans include 30+ days past due and nonaccrual loans. (2) Includes all U.S. commercial banks, savings banks and savings and loan associations. (3) Dime Community Bancshares Inc. completed a merger with Bridge Bancorp Inc. on February 1, 2021. Historical data is for Dime Community. Top 25 Banks by Multifamily Loans (Dollars in billions) As of September 30, 2021 Multifamily Loans Change Since (%) Delinquency Total Multifamily June 30, September 30, % of Change Since (bps) Rank Institution Name Headquarters Assets Loans 2021 2020 Multifamily(1) September 30, 2020 1. JPMorgan Chase & Co. New York, NY 3,757.6 73.08 0.8 (1.9) 0.46 37 2. New York Community Bancorp, Inc. Westbury, NY 57.9 32.86 0.9 2.3 1.32 131 3. Wel ls Fargo & Co. San Francisco, CA 1,954.9 17.45 2.8 17.1 0.15 (27) 4. Signature Bank New York, NY 107.9 15.44 (0.2) 1.0 0.68 50 5. Firs t Republ ic Bank San Francisco, CA 172.6 15.42 4.1 15.1 0.01 1 6. Capita l One Financia l Corporation McLean, VA 425.4 10.97 (1.7) (14.6) 1.29 38 7. PNC Financia l Services Group, Inc. Pi ttsburgh, PA 554.5 8.53 (1.9) 22.3 0.33 (170) 8. Ci tigroup Inc. New York, NY 2,361.9 8.06 (3.7) (3.9) 0.04 (306) 9. Investors Bancorp Inc. Boston, MA 155.9 7.67 1.4 5.6 0.47 (32) 10. Santander Holdings USA Inc. New York, NY 164.6 7.35 (9.7) (15.3) 1.84 81 11. MUFG Americas Holding Corp. Short Hi l l s , NJ 27.4 6.80 (5.5) (7.9) 0.25 (8) 12. Paci fi c Premier Bancorp, Inc. Irvine, CA 21.0 5.38 2.6 4.5 0.00 0 13. Val ley National Bancorp New York, NY 41.3 5.11 0.1 (2.0) 0.53 31 14. KeyCorp Cleveland, OH 187.2 5.11 19.3 19.3 0.20 (23) 15. Truist Financia l Corp. Charlotte, NC 529.9 5.01 8.1 (9.2) 0.08 8 16. Bank of America Corp. Charlotte, NC 3,085.4 4.84 (0.3) (5.3) 0.74 70 17. TD Group US Holdings LLC Wilmington, DE 514.4 4.77 (3.1) (0.7) 0.64 0 18. U.S. Bancorp Minneapol i s , MN 567.5 4.46 8.9 13.8 0.36 0 19. Sterl ing Bancorp Pearl River, NY 30.0 4.30 0.4 (6.5) 0.24 (13) 20. Luther Burbank Corp. Santa Rosa, CA 7.2 4.23 (1.3) 3.4 0.01 0 21. M&T Bank Corp. Buffa lo, NY 151.9 4.17 (3.5) (10.7) 2.15 136 22. CIBC Bancorp USA Inc. Chicago, IL 60.6 3.97 1.4 3.3 0.00 (8) 23. PacWest Bancorp Beverly Hi l l s , CA 35.9 3.96 0.7 14.9 0.00 (1) 24. Umpqua Holdings Corporation Portland, OR 30.9 3.92 8.5 13.9 0.24 19 25. Dime Community Bancshares Inc. (3) Hauppauge, NY 12.4 3.47 (1.2) 306.4 0.40 40 Banking Industry Aggregate(2) 496.16 1.1 3.7 0.52 13

7 0.00% 0.40% 0.80% 1.20% 1.60% 2.00% 2.40% $0.0 $0.5 $1.0 $1.5 $2.0 $2.5 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2018 2019 2020 2021 ($ in bilions) Delinquent Multifamily Loans ($) Total Multifamily Loans, delinquency ratio (%) Gross Loans & Leases, delinquency ratio (%) Multifamily Loans ‐ Industry Trends Source: S&P Global Market Intelligence Analysis includes all U.S. commercial banks, savings banks and savings and loan associations. (1) Represents nonaccrual and past due multifamily loans as a percentage of total multifamily loans. (2) Represents nonaccrual and past due gross loans and leases as a percentage of gross loans and leases. Multifamily Loan Growth Multifamily Loan Delinquencies (1) (2) 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 9.00% 10.00% 11.00% 12.00% $0 $70 $140 $210 $280 $350 $420 $490 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2018 2019 2020 2021 ($ in billions) Total Multifamily Loans ($) Total Multifamily Loans, YoY change (%) Gross Loans & Leases, YoY Change (%)

8 Luther Burbank Peer Group Source: S&P Global Market Intelligence. GAAP data when available, otherwise FR Y‐9C’s and bank call reports as of or for the three months ended 9/30/2021. Note that SNL earnings ratios may differ from Company as SNL annualizes one quarter rather than using data for 12 months. (1) Nonperforming assets (“NPA”) includes performing troubled debt restructurings. (2) Compound annual growth rate (“CAGR”) from 12/31/2017 to 9/30/2021 and reflects the impact from mergers and acquisitions.  Includes all major exchange‐traded banks and thrifts nationwide as of and for the quarter ended September 30, 2021 with:  Total assets > $1 billion  Gross loans / assets > 65%  Multifamily loans / total loans > 30%  MFR + SFR + CRE / total loans > 75% General Information Profitability Capital & Balance Sheet Ratios Asset Quality(1) Bal. Sheet Growth(2) Total NPA / NCO / Gross Total Total Multifamily Yield on Cost of NIE / Avg. Eff. TCE / Leverage Capital Loans / LLR / Loans Avg. Loans Deposits Assets Loans ROAA ROAE NIM Loans Deposits Assets Ratio TA Ratio Ratio Deposits Loans + OREO Loans CAGR CAGR Institution Name Ticker State ($bn) ($bn) (%) (%) (%) (%) (%) (%) (%) (%) (%) (%) (%) (%) (%) (%) (%) (%) Luther Burbank Corporation LBC CA 7.2 4.2 1.34 15.24 2.50 3.47 0.55 0.79 32.1 9.0 9.6 19.0 112 0.59 0.03 0.00 6.3 9.7 Peer Group: 1. Bridgewater Bancshares, Inc. BWB MN 3.4 0.9 1.39 13.92 3.55 4.68 0.67 1.59 NA 8.8 10.7 15.9 93 1.44 0.08 0.00 20.5 22.4 2. ConnectOne Bacncorp, Inc. CNOB NJ 7.9 2.1 1.64 12.44 3.73 4.65 0.45 1.44 38.02 10.0 11.6 15.5 102 1.18 1.00 0.10 12.8 14.9 3. Dime Community Bancshares, Inc. DCOM NY 12.4 3.5 1.22 12.69 3.22 3.98 0.14 1.80 47.5 7.5 8.4 14.1 86 0.87 0.44 0.18 34.0 36.4 4. First Foundation Inc. FFWM TX 7.7 3.0 1.83 15.57 3.20 3.94 0.28 1.89 42.4 8.8 8.3 11.9 84 0.36 0.38 (0.01) 11.8 20.1 5. Five Star Bank CA 2.4 0.5 1.96 18.91 3.74 4.98 0.15 1.41 37.79 10.2 10.5 15.3 78 1.28 0.03 0.07 23.5 27.7 6. Flushing Financial Corporation FFIC NY 8.1 2.5 1.26 15.42 3.36 4.17 0.34 1.71 55.1 8.0 8.8 13.4 102 0.55 0.47 (0.04) 6.8 11.0 7. HomeStreet, Inc. HMST WA 7.4 2.3 1.50 15.78 3.44 4.05 0.22 2.84 62.2 9.2 10.0 13.0 90 0.94 1.18 0.00 3.1 8.0 8. Investors Bancorp, Inc. ISBC NJ 27.4 7.7 0.99 9.45 2.96 NA 0.41 1.95 62.1 10.0 10.2 14.1 105 1.20 0.40 0.00 2.3 4.4 9. Kearny Financial Corp. KRNY NJ 7.2 2.0 1.09 7.66 3.02 3.99 0.33 1.76 59.1 11.5 11.5 19.1 88 1.08 1.70 0.08 10.6 16.6 10. Malaga Bank, FSB CA 1.4 1.1 1.45 11.74 2.90 3.88 0.41 0.85 29.2 12.3 12.4 22.0 128 0.30 0.00 0.00 7.3 6.9 11. New York Community Bancorp, Inc. NYCB NY 57.9 32.9 1.04 8.53 2.43 3.47 0.36 0.94 40.5 7.3 8.5 13.1 126 0.46 0.12 0.00 3.5 4.7 12. Northfield Bancorp, Inc. (Staten Island,NFBK NJ 5.4 2.5 1.19 8.55 3.03 4.04 0.17 1.41 NA 13.0 12.9 NA 91 1.02 0.38 0.05 5.3 10.6 13. Pacific Premier Bancorp, Inc. PPBI CA 21.0 5.4 1.74 12.67 3.57 4.60 0.09 1.85 46.8 9.3 9.9 14.6 79 1.51 0.25 0.05 24.1 32.5 14. Provident Savings Bank, F.S.B. CA 1.2 0.5 0.97 9.73 2.77 3.91 0.15 1.83 60.2 9.8 9.8 20.1 88 0.86 1.70 (0.08) ‐3.5 1.4 15. Waterstone Financial, Inc. WSBF WI 2.2 0.5 3.41 17.39 2.91 4.33 0.31 7.63 NA 19.8 19.8 28.9 120 1.08 0.49 (0.02) 2.0 7.0 Average: 1.51 12.70 3.19 4.19 0.30 2.06 48.4 10.4 10.9 16.5 97 0.94 0.57 0.03 10.9 15.0 Median: 1.39 12.67 3.20 4.05 0.31 1.76 47.2 9.8 10.2 15.0 91 1.02 0.40 0.00 7.3 11.0

9 Our Lending Business Note: Data as of 12/31/2021. Multifamily Residential Loans Markets:  High barrier to entry for new development; little land to develop  Limited supply of new housing  High variance between cost to own and rent Deals:  Stabilized and seasoned assets  Older, smaller properties with rents at/below market levels, catering to lower and middle income renters Sponsors:  Experienced real estate professionals who desire regular income/cash flow streams and are focused on building wealth steadily over time Single Family Residential Loans Occupancy Types:  Both owner‐occupied and investor owned Broker Network:  Primarily third party mortgage brokers Originations:  Portfolio lender  Purchase and refinance transactions Underwriting Focus:  Debt ratios  Loan to value  Credit scores  Borrower’s liquidity and cash reserves 0.03% NPAs / Assets 0.04% NPLs / Loans Multifamily Portfolio Highlights  $1.6 million average loan balance  14.0 average units  57% average loan to value ratio  1.50x average debt service coverage ratio Single Family Portfolio Highlights  $859 thousand average loan balance  62% average loan to value ratio  759 average credit score

10  First Mortgages  Hybrid Structures • 25‐ or 30‐year amortization • 10‐, 25‐ or 30‐year maturities • 3‐, 5‐, 7‐ or 10‐year fixed rate periods  Interest Only Option • Lower loan‐to‐value ratios • Underwrite at amortizing payment  Investor‐Owner Purchase or Refinance  Lines of Credit • Real estate secured only/specific business purpose/fully adjustable/short term Our Lending Products Multifamily / Commercial Real Estate Lending Single Family Residential Lending  First Mortgages  Hybrid Structures • 30‐ or 40‐year amortization • 30‐ or 40‐year maturities • 3‐, 5‐, 7‐ or 10‐year fixed rate periods  Full Documentation  Interest Only  Purchase or Refinance Transactions  Primary Residence, Second Home or Investor programs  Low‐ and Moderate‐income lending program • 30‐year fixed mortgages and forgivable second mortgages

11 $5,041.5 $6,130.6 $6,231.0 $6,049.8 $6,271.4 $6,443.6 $6,343.9 $6,297.4 $0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 December 31, 2017 December 31, 2018 December 31, 2019 December 31, 2020 March 31, 2021 June 30, 2021 September 30, 2021 December 31, 2021 ($ in millions) Multifamily Residential Single Family Residential Commercial Real Estate Construction & Land Development Loan Portfolio (1) As of or for the year ended 12/31/2021. Historical Loan Growth 3.47% yield on loans; 3.66% weighted average coupon Loan Portfolio Composition (1) Multifamily Loans by Lending Area (1) Single Family Loans by Lending Area (1)

12 Commercial Real Estate Loan Detail (1) As of 12/31/2021. (2) Construction and land development LTV is calculated based on an “as completed” property value. Loan Portfolio Composition (1) ($ in 000's) Count Balance Weighted Avg. LTV (2) % of Total Loans Multifamily Real Estate 2,607 4,210,735$ 56.8% 66.9% Single Family Real Estate 2,193 1,881,676 62.5% 29.9% Commercial Real Estate Type: Strip Retail 21 43,273 50.8% 0.7% Mid Rise Office 7 38,518 63.8% 0.6% Low Rise Office 12 22,814 54.0% 0.4% Medical Office 6 19,328 59.6% 0.3% Anchored Retail 3 11,788 51.9% 0.2% More than 50% commercial 11 10,549 45.8% 0.2% Multi-Tenant Industrial 6 9,328 46.5% 0.1% Shopping Center 4 8,600 49.6% 0.1% Unanchored Retail 7 8,317 43.5% 0.1% Shadow Retail 4 6,852 59.8% 0.1% Flex Industrial 2 2,435 62.8% 0.0% Warehouse 3 2,418 45.3% 0.0% Restaurant 2 1,496 33.6% 0.0% Light Manufacturing 1 1,299 47.9% 0.0% Other 1 82 15.7% 0.0% Commercial Real Estate 90 187,097 54.2% 2.9% Construction & Land Development 7 17,912 62.1% 0.3% Total 4,897 6,297,420$ 58.4% 100.0%

13 Asset Quality  Risk management is a core competency of our business  Extensive expertise among our lending and credit administration staff and executive officers  Credit decisions are made efficiently and consistent with our underwriting standards  Continuous evaluation of risk and return  Strict separation between business development and credit decisions  Vigilant response to adverse economic conditions and specific problem credits  Strict, quality oriented underwriting and credit monitoring processes  12/31/2021 NPAs / Total Assets of 0.03%; NPLs / Total Loans of 0.04%  NPAs and loans 90+ days past due to total assets have been at low levels since 2014  No foreclosures since 2015 Culture Approach Results Nonperforming Assets / Total Assets $6.9 $2.0 $6.3 $6.3 $6.7 $0.7 $0.6 $2.3 0.12% 0.03% 0.09% 0.09% 0.09% 0.01% 0.01% 0.03% 0.00% 0.50% 1.00% $0.0 $2.0 $4.0 $6.0 $8.0 $10.0 December 31, 2017 December 31, 2018 December 31, 2019 December 31, 2020 March 31, 2021 June 30, 2021 September 30, 2021 December 31, 2021 ($ in millions) Nonperforming Assets (excluding performing troubled debt restructuings) Nonperforming Assets / Total Assets

14 $2,140.3 $2,047.8 $1,564.1 $333.1 $678.8 $487.9 $729.4 $235.2 $461.4 $385.2 $498.7 4.00% 4.63% 4.35% 3.70% 3.18% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% 5.00% $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 December 31, 2017 December 31, 2018 December 31, 2019 December 31, 2020 December 31, 2021 ($ in millions) Loan Origination Volume and WAC (1) Total loan pipeline at December 31, 2021 is $390.4 million ($285.8 million CRE at 3.308% weighted average coupon (“WAC”) and $104.6 million SFR at 2.933% WAC). A portion of our pipeline will ultimately not fund and loans without rate locks are subject to ongoing rate adjustments. (2) Q1 2021 originations include a $287.8 million SFR fixed rate loan pool purchase with a WAC of 2.31%. Excluding the loan pool purchase, Q1 2021 originations would have been $391.0 million with a WAC of 3.35%. 2.91% (1) (2) $1,441.4 3.98% 3.78% 3.66% 3.39% Q1 Q1 Q2 Q3 Q4 Q2 3.34% $2,368.3 Q3 3.32% 3.19%Q4

15 $1,366.8 $1,218.3 $972.9 $217.5 $253.0 $269.1 $478.5 $166.7 $257.7 $293.4 $322.7 4.02% 4.60% 4.40% 3.67% 3.38% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% 5.00% $0 $250 $500 $750 $1,000 $1,250 $1,500 December 31, 2017 December 31, 2018 December 31, 2019 December 31, 2020 December 31, 2021 ($ in millions) CRE Loan Origination Volume and WAC $946.7 3.36% 3.65% 3.78% 3.95% Q1 3.38% Q4 Q3 Q2 Q1 3.40%Q2 $1,311.9 Q3 3.41% 3.30%Q4

16 $756.1 $828.8 $591.2 $115.6 $425.8 $218.8 $250.9 $68.6 $203.7 $91.8 $176.0 3.94% 4.67% 4.29% 3.77% 2.94% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% 5.00% $0 $200 $400 $600 $800 $1,000 $1,200 December 31, 2017 December 31, 2018 December 31, 2019 December 31, 2020 December 31, 2021 ($ in millions) SFR Loan Origination Volume and WAC 5.15% (1) Q1 2021 originations include a $287.8 million SFR fixed rate loan pool purchase with a WAC of 2.31%. Excluding the loan pool purchase, Q1 2021 SFR originations would have been $138.1 million with a WAC of 3.30%. $494.8 3.49% 3.69% 3.78% 4.02% Q4 Q3 Q2 Q1 Q1 2.63% (1) $1,056.4 Q2 3.22% 3.21% Q3 2.98%Q4

17 Loan Portfolio WAC • At December 31, 2021, loans representing 76% of the loan portfolio, or $4.8 billion in aggregate outstanding principal balance, are at their floors. • February 2021 originations include a $287.8 million SFR fixed rate loan pool purchase with a WAC of 2.31%. Excluding the impact of the loan pool purchase, the WAC for originations would have been 3.43% in February 2021. 2.000% 2.500% 3.000% 3.500% 4.000% 4.500% 5.000% 5.500% Ja n M ar M ay Ju l Se p N ov Ja n M ar M ay Ju l Se p N ov Ja n M ar M ay Ju l Se p N ov Ja n M ar M ay Ju l Se p N ov Ja n M ar M ay Ju l Se p N ov 2017 2018 2019 2020 2021 WAC on Originations/Purchases WAC on Principal Reductions/Sales WAC on Loan Portfolio

18 Loan Prepayment Speeds

19 $3,951.3 $5,001.0 $5,234.7 $5,264.3 $5,391.9 $5,402.0 $5,587.2 $5,538.2 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 December 31, 2017 December 31, 2018 December 31, 2019 December 31, 2020 March 31, 2021 June 30, 2021 September 30, 2021 December 31, 2021 ($ in millions) Deposit Composition (1) As of or for the year ended 12/31/2021. Historical Deposit Growth & Portfolio Composition 0.66% cost of interest‐bearing deposits (1) Deposit Breakdown by Branch ($ in millions) (1) Branch Location Consumer Specialty/ Business Wholesale Total Deposits Santa Rosa $ 1,059.6 $ 78.4 $ 0.0 $ 1,138.0 San Rafael 523.9 63.6 0.0 587.5 Encino 501.9 5.3 0.0 507.2 Beverly Hil ls 400.6 11.4 0.0 412.0 Pasadena 350.5 3.0 0.0 353.5 Los Altos 335.6 7.0 0.0 342.6 Long Beach 317.3 7.0 0.0 324.3 Toluca Lake 285.4 13.9 0.0 299.3 San Jose 139.1 1.9 0.0 141.0 Bellevue 125.3 0.5 0.0 125.8 El Segundo 63.2 6.7 0.0 69.9 Corporate Office 36.5 1,174.8 25.8 1,237.1 Total Deposits $ 4,138.9 $ 1,373.5 $ 25.8 $ 5,538.2

20 $3,418.0 $3,852.6 $3,845.5 $4,101.2 $4,159.4 $4,057.2 $4,099.0 $4,138.9 $253.9 $440.1 $416.0 $50.0 $50.0 $201.7 $134.7 $25.8 $279.4 $708.3 $973.2 $1,113.1 $1,182.5 $1,143.1 $1,353.5 $1,373.5 $‐ $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 December 31, 2017 December 31, 2018 December 31, 2019 December 31, 2020 March 31, 2021 June 30, 2021 September 30, 2021 December 31, 2021 ($ in millions) Retail ‐ Consumer Wholesale Retail ‐ Specialty & Business Deposit Growth/Balance Growth Trend $1,049.7 $233.7 $29.6 $127.6 $10.1 $185.2 $(49.0)

21 Specialty & Business Deposit Composition By Vertical December 31, 2020 December 31, 2021 Total Specialty & Business Deposits of $1.1 billion Total Specialty & Business Deposits of $1.4 billion

22 0.69% 0.70% 0.69% 0.56% 1.22% 0.67% Full year 12/31/2017 Full Year 12/31/2018 Full Year 12/31/2019 Full Year 12/31/2020 Full Year 12/31/2021 ROAA Pro Forma ROAA Efficient Operations Result in Consistent Profitability (1) For 2017, net income adjusted for C‐Corp status assumes 42% tax rate. See Non‐GAAP Reconciliation in Appendix hereto. (2) Pro forma financial highlights adjusted for the impact of a $10.4 million non‐recurring cost incurred in connection with the prepayment of $150 million of long‐term FHLB borrowings in late December 2020. See Non‐GAAP Reconciliation in Appendix hereto. (3) See Non‐GAAP Reconciliation in Appendix hereto. Return on Average Assets(1) Return on Average Equity(1) Efficiency Ratio(3) Noninterest Expense to Average Assets (2) (2) (2) (2) 8.89% 7.96% 8.15% 6.53% 13.64% 7.74% Full year 12/31/2017 Full Year 12/31/2018 Full Year 12/31/2019 Full Year 12/31/2020 Full Year 12/31/2021 ROAE Pro Forma ROAE 47.8% 48.5% 46.9% 52.4% 34.3% 45.0% Full year 12/31/2017 Full Year 12/31/2018 Full Year 12/31/2019 Full Year 12/31/2020 Full Year 12/31/2021 Efficiency Ratio Pro Forma Efficiency Ratio 1.0% 1.0% 0.9% 1.0% 0.8% 0.9% Full year 12/31/2017 Full Year 12/31/2018 Full Year 12/31/2019 Full Year 12/31/2020 Full Year 12/31/2021 Noninterest Exp to Avg Assets Pro Forma Noninterest Exp to Avg Assets

23 Net Interest Margin Quarterly Net Interest Margin Net Interest Margin 1.84% 1.88% 2.03% 2.13% 2.23% 2.31% 2.47% 2.57% Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 2.05% 1.98% 1.84% 1.97% 2.40% Full year 12/31/2017 Full Year 12/31/2018 Full Year 12/31/2019 Full Year 12/31/2020 Full Year 12/31/2021

24 Interest Rate Risk Analysis On a quarterly basis, the Company measures and reports Net Interest Income at Risk (“NII”) and the Economic Value of Equity (“EVE”) to isolate the change in income and equity related solely to interest‐earning assets and interest‐bearing liabilities. Both models measure instantaneous parallel shifts in market interest rates, implied by the forward yield curve. NII Impact ($ in millions) EVE Impact ($ in millions) ($13.4) ($8.4) ($4.5) ($1.8) $1.8 (7.8%) (4.8%) (2.6%) (1.0%) 1.1% + 400 BP+ 300 BP+ 200 BP+ 100 BP‐ 100 BP (10.0%) (8.5%) (7.0%) (5.5%) (4.0%) (2.5%) (1.0%) 0.5% 2.0% 3.5% 5.0% ($14.0) ($11.5) ($9.0) ($6.5) ($4.0) ($1.5) $1.0 $3.5 $6.0 $ Change NII % Change NII ($333.9) ($225.8) ($133.6) ($59.0) $50.0 (48.3%) (32.7%) (19.3%) (8.5%) 7.2% + 400 BP+ 300 BP+ 200 BP+ 100 BP‐ 100 BP (75.0%) (60.0%) (45.0%) (30.0%) (15.0%) 0.0% 15.0% ($350.0) ($300.0) ($250.0) ($200.0) ($150.0) ($100.0) ($50.0) $0.0 $50.0 $ Change EVE % Change EVE Interest Rate Risk to Earnings (NII) Interest Rate Risk to Capital (EVE) December 31, 2021 December 31, 2021 Change in Change in Interest Rates $ Change % Change Interest Rates $ Change % Change (basis points) NII NII (basis points) EVE EVE + 400 BP (13.4) (7.8%) + 400 BP (333.9) (48.3%) + 300 BP (8.4) (4.8%) + 300 BP (225.8) (32.7%) + 200 BP (4.5) (2.6%) + 200 BP (133.6) (19.3%) + 100 BP (1.8) (1.0%) + 100 BP (59.0) (8.5%) ‐ 100 BP 1.8 1.1% ‐ 100 BP 50.0 7.2%

25 ‐35% ‐30% ‐25% ‐20% ‐15% ‐10% ‐5% 0% +200bp Shock +100bp Shock Economic Value of Equity Trend (1) For Luther Burbank Savings (1) (1)

26 Deposits ‐ Cost of Funds Comparison (1) Beta is calculated using an average Fed Funds Rate. 0.000 0.500 1.000 1.500 2.000 2.500 3.000 Ja n‐ 17 Fe b‐ 17 M ar ‐1 7 Ap r‐ 17 M ay ‐1 7 Ju n‐ 17 Ju l‐1 7 Au g‐ 17 Se p‐ 17 O ct ‐1 7 N ov ‐1 7 De c‐ 17 Ja n‐ 18 Fe b‐ 18 M ar ‐1 8 Ap r‐ 18 M ay ‐1 8 Ju n‐ 18 Ju l‐1 8 Au g‐ 18 Se p‐ 18 O ct ‐1 8 N ov ‐1 8 De c‐ 18 Ja n‐ 19 Fe b‐ 19 M ar ‐1 9 Ap r‐ 19 M ay ‐1 9 Ju n‐ 19 Ju l‐1 9 Au g‐ 19 Se p‐ 19 O ct ‐1 9 N ov ‐1 9 De c‐ 19 Ja n‐ 20 Fe b‐ 20 M ar ‐2 0 Ap r‐ 20 M ay ‐2 0 Ju n‐ 20 Ju l‐2 0 Au g‐ 20 Se p‐ 20 O ct ‐2 0 N ov ‐2 0 De c‐ 20 Ja n‐ 21 Fe b‐ 21 M ar ‐2 1 Ap r‐ 21 M ay ‐2 1 Ju n‐ 21 Ju l‐2 1 Au g‐ 21 Se p‐ 21 O ct ‐2 1 N ov ‐2 1 De c‐ 21 Av e. M on th ly R at e % Deposit Portfolio Cost of Funds Fed Funds Deposit Portfolio Beta 64% Aug. 2019 ‐ Dec. 2021 (1) Deposit Portfolio Beta 66% Jan. 2017 ‐ Jul. 2019 (1)

27 Liquidity Management (1) Capacity based on internal guidelines. (2) Capacity based on pledged loan collateral specific to lending bank. (3) Availability to borrow from the FHLB is permitted up to 40% of Luther Burbank Savings’ (the “Bank”) assets or $2.9 billion. At December 31, 2021, we had $751.6 million and $62.6 million in outstanding advances and letters of credit with the FHLB, respectively. (4) As of 12/31/2021, the available for sale securities portfolio had a net unrealized gain position of $125 thousand. (5) For the year ended 12/31/2021. Other BorrowingsSecurities Portfolio (4) Liquidity Position (Dollars in thousands) As of 12/31/2021 % of Assets Unrestricted Cash & Cash Equivalents $ 138,413 1.9% Unencumbered Liquid Securities 659,010 9.2% Unutil ized Brokered Deposit Capacity (1) 804,948 11.2% Unutil ized FHLB Borrowing Capacity (2)(3) 963,526 13.4% Unutil ized FRB Borrowing Capacity (2) 211,272 2.9% Commercial Lines of Credit 50,000 0.7% Total Liquidity $ 2,827,169 39.4% Total Assets $ 7,179,957 Type Amount Outstanding 12/31/2021 Cost of Borrowings (5) FHLB Advances $752 mill ion 1.67% Senior Notes $95 mill ion 6.66% Trust Preferred $62 mill ion 1.64%

28 10.5% 19.6% Regulatory Minimum 12/31/2021 8.5% 18.7% Regulatory Minimum 12/31/2021 7.0% 17.1% Regulatory Minimum 12/31/2021 4.0% 10.1% Regulatory Minimum 12/31/2021 Capital Management • After returning excess capital to shareholders over the past few years, our capital ratios continue to be well above regulatory minimums. • Returned $27.3 million to shareholders during the year ended December 31, 2021. • Net share repurchases of $8.8 million. • Common stock dividends totaling $18.4 million. Common Equity Tier 1 Risk‐Based RatioTier 1 Leverage Ratio Tier 1 Risk‐Based Capital Ratio Total Risk‐Based Capital Ratio $440mm, or 153%, above regulatory minimum $393mm, or 144%, above regulatory minimum $396mm, or 120%, above regulatory minimum $355mm, or 87%, above regulatory minimum

29 Executive Management Simone Lagomarsino. Ms. Lagomarsino serves as President and Chief Executive Officer (“CEO”) of the Company and the Bank. Ms. Lagomarsino has served on our Board of Directors since November 30, 2018. In addition to her role at the Company, Ms. Lagomarsino serves on the board of directors of the Federal Home Loan Bank of San Francisco and Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI). Effective January 2022, Ms. Lagomarsino was appointed as chair of the board of directors of the Federal Home Loan Bank of San Francisco and to the board of directors of the Federal Reserve Bank of San Francisco. Prior to joining the Company, Ms. Lagomarsino was President and CEO of the Western Bankers Association and a director of Pacific Premier Bancorp. (NASDAQ: PPBI). From 2011 to 2017, she served as CEO of Heritage Oaks Bank, and President and CEO and a director of Heritage Oaks Bancorp. Ms. Lagomarsino also previously held executive positions with Hawthorne Financial Corporation, Ventura County National Bank, and Kinecta Federal Credit Union. Laura Tarantino.Ms. Tarantino serves as Chief Financial Officer of the Company and Bank, a position she has held since 2006. In this role, she oversees all aspects of financial reporting including strategic planning, asset/liability management, taxation and regulatory filings. She also serves on the Company's Executive Committee. Ms. Tarantino has over 28 years of experience with the Bank, having joined as Controller in 1992. She previously served as Audit Manager for KPMG LLP, San Francisco, specializing in the financial services industry. In addition to her role at the Company, Ms. Tarantino has served as an audit committee member for the Santa Rosa Council on Aging since 2012. Ms. Tarantino is a CPA (inactive) and holds a B.S. in Business Administration ‐ Finance & Accounting with summa cum laude honors from San Francisco State University. Bill Fanter. Mr. Fanter serves the Company as Head of Retail Banking. In this role, he is responsible for expanding the Bank’s deposit offerings and creating greater access to its products and services, including consumer deposit generation across traditional branch and online banking platforms, and marketing. He is also a member of the Company's Executive Committee. Prior to joining the Company in 2020, Mr. Fanter served as Executive Vice President, Head of Retail Banking at Opus Bank from 2019 and previous to that, as Senior Vice President, Consumer and Business Banking Market Executive at U.S. Bank from 2003‐2019. His background also includes positions as Director of Automation Services at Kirchman Corporation and several roles culminating with Senior Vice President, Chief Operating Officer at GreatBanc, Inc.

30 Executive Management ‐ Continued Tammy Mahoney. Ms. Mahoney joined the Company in 2016 and serves as the Chief Risk Officer. In her role, Ms. Mahoney oversees the Company's compliance, internal audit, independent loan review and risk management functions, including information security and privacy; she is also a member of its Executive Committee. Prior to joining the Bank, Ms. Mahoney served as Senior Vice President of Enterprise Risk and Compliance at Opus Bank from 2011 through 2015; previous to that as Director, Risk Advisory Services at KPMG LLP from 1995 to 2004; and as Associate National Bank Examiner with the Office of the Comptroller of the Currency. In addition to her role at the Company, Ms. Mahoney serves as a member of the Legal Services Trust Fund Commission, State Bar of California. She is also a member of the American Bankers Association (“ABA”) Foundation’s Senior Protection Task Force. She is an ABA Certified Enterprise Risk Professional, ABA Certified Regulatory Compliance Manager and an Institute of Internal Auditors Certified Internal Auditor, and maintains an ISACA Cybersecurity Fundamentals Certificate; Ms. Mahoney holds a B.S. in Business Administration ‐ Finance from San Diego State University. Parham Medhat. Mr. Medhat serves the Company as Chief Operations and Technology Officer. In this role, he is responsible for deposit operations, information technology, project management and loan servicing; he is also a member of the Company’s Executive Committee. Prior to joining the Bank in 2019, Mr. Medhat served as Executive Vice President, Chief Operating Officer at CTBC from 2014 to 2019; previous to that as Senior Vice President, Director of Bank Operations at Opus Bank; and in several roles over thirteen years at CapitalSource Bank. Mr. Medhat holds a M.A. in Educational–Instructional Technology from California State University, Dominguez Hills and a B.A. in Industrial/Organizational Psychology from California State University, Long Beach. Liana Prieto. Ms. Prieto serves as General Counsel and Corporate Secretary of the Company and Bank. In this role, she is responsible for leading a team of legal, human resources, Bank Secrecy Act, fair and responsible banking and third party risk management professionals. She is also a member of the Company's Executive Committee. Prior to joining the Bank in 2014, Ms. Prieto served as Associate and then Counsel at Buckley LLP from 2009 to 2014, and as a trial attorney in the Enforcement & Compliance Division of the Office of the Comptroller of the Currency. In addition to her role at the Company, Ms. Prieto has served in leadership and advisory roles on the Banking Law Committee of the American Bar Association's Business Law Section and the American Association of Bank Directors. She also serves on the board of directors of Long Beach Local, a non‐profit that supports sustainable urban agriculture. Ms. Prieto holds a J.D. from Fordham University School of Law and a B.A. from Georgetown University. Alex Stefani. Mr. Stefani serves the Company as Chief Credit Officer. In this role, he oversees Luther Burbank’s appraisal, underwriting, credit administration and special assets activities; he is also a member of the Company’s Executive Committee. Mr. Stefani joined the Bank in 2004 and has held several positions including loan underwriter, loan officer, and underwriting manager before being promoted to Director of Income Property Lending in 2017, a position he held until accepting his current role in 2021. Mr. Stefani holds a M.A. in Political Science from San Francisco State University and a B.A. in Political Science from Sonoma State University.

31 Board of Directors Victor S. Trione. Mr. Trione serves as Chair of the Board of Directors of the Company and the Bank, a position he has held since founding the Bank in 1983. In addition to serving as our Chair, Mr. Trione is President of Vimark, Inc., a real estate development and vineyard management company, and co‐proprietor of Trione Winery. Mr. Trione also serves in the following roles: Director and Chair of the Executive Committee of Empire College; Advisory Board member of the Stanford Institute for Economic Policy Research; Board of Overseers of Stanford University's Hoover Institution; and, trustee of the U.S. Navy Memorial Foundation. Renu Agrawal. Dr. Agrawal joined the Board of Directors in December 2020 and serves on the Audit and Risk Committee. Dr. Agrawal was appointed to the Governance and Nominating Committee effective January 2022. In addition to the Company, Dr. Agrawal serves on the board of Allvue Systems, an investment software solutions provider. She was Executive Vice President and Chief Operating Officer for Wells Fargo’s Financial Institutions Group. Prior to that, she oversaw Well’s Fargo International Treasury Management business and played a leadership role in the Wells Fargo‐Wachovia merger. Earlier, Dr. Agrawal was Chief Operating Officer at ValleyCrest Companies and Quisic Corporation. She began her career as a scientist at Polaroid and also worked at McKinsey & Company. Dr. Agrawal is a founding member of Neythri, a global community of South Asian professional women committed to helping each other succeed. In 2018, she received the National Asian Pacific American Corporate Achievement Award. Dr. Agrawal holds a M.B.A. from MIT Sloan School of Management and a Ph.D. in Materials Science and Engineering from MIT. She graduated with a B.Tech in Metallurgy from IIT, Kanpur. John C. Erickson. Mr. Erickson serves on the Audit and Risk Committee and on the Compensation Committee. Mr. Erickson has served on our Board of Directors since 2017. Mr. Erickson has more than 35 years of financial services experience, including over 30 years at Union Bank N.A. He served in many executive roles across that institution, culminating in two vice chairman positions (Chief Risk Officer and Chief Corporate Banking Officer) between 2007 and 2014. As Chief Corporate Banking Officer, he oversaw commercial banking, real estate, global treasury management, wealth management and global capital markets. He was a director of Zions Bancorporation (NASDAQ: ZION) from 2014 to 2016, and chair of that board's Risk Committee, as well as a member of the Audit Committee. He also served as President, Consumer Banking and President, California, for CIT Group, Inc. (NYSE: CIT) in 2016. He joined the board of directors of Bank of Hawaii Corporation (NYSE: BOH) in January 2019, and serves as a member of its Audit and Risk Committee and Nominating and Governance Committee. Mr. Erickson qualifies as an "audit committee financial expert" as defined in SEC rules. Anita Gentle Newcomb. Ms. Newcomb serves as Chair of the Audit and Risk Committee. Ms. Newcomb has served on our Board of Directors since 2014 and was appointed to the Governance and Nominating Committee effective January 2022. Her experience spans over three decades in the financial services industry as a commercial banker, investment banker, and strategic consultant. She has advised numerous banks and financial services companies on a wide range of corporate development initiatives, from strategic planning, consumer and business banking strategy, and corporate governance best practices, to mutual conversions and valuing and structuring acquisitions. Most recently, Ms. Newcomb was president of A.G. Newcomb & Co., a financial services consultancy, she founded and managed from 1999 to 2019. She also served on the board of the Federal Reserve Bank of Richmond‐Baltimore Branch from 2010 through 2015. She is also a certified public accountant (inactive). Ms. Newcomb holds a M.B.A. in Finance from The University of Houston and a B.S. in Accounting from Auburn University. In 2022, Ms. Newcomb was honored by Auburn University Alumni Association with its Lifetime Achievement Award. Ms. Newcomb qualifies as an "audit committee financial expert" as defined in SEC rules.

32 Board of Directors ‐ Continued Bradley M. Shuster. Mr. Shuster serves as Chair of the Compensation Committee and also serves on the Governance and Nominating Committee. Mr. Shuster has served on our Board of Directors since 1999. Mr. Shuster has served as executive chairman and chairman of the board of NMI Holdings, Inc. (NASDAQ: NMIH) since January 2019. Mr. Shuster founded National MI and served as chairman and chief Executive Officer of the company from 2012 to 2018. Prior to founding National MI, he was a senior executive of The PMI Group, Inc. (NYSE: PMI), where he served as chief executive officer of PMI Capital Corporation. Before joining PMI in 1995, Mr. Shuster was a partner at Deloitte, where he served as partner‐in‐charge of Deloitte's Northern California Insurance and Mortgage Banking practices. Mr. Shuster has received both CPA and CFA certifications. He is a member of the board of directors of McGrath Rentcorp (NASDAQ: MGRC), and serves as a member of its Audit and Governance Committees. Thomas C. Wajnert. Mr. Wajnert serves as our Lead Independent Director, Chair of the Governance and Nominating Committee, and a member of the Compensation Committee. Mr. Wajnert has served on our Board of Directors since 2013. He launched his career in 1968 with US Leasing, a NYSE‐listed company. For over 40 years, Mr. Wajnert has navigated the changing currents of the equipment leasing industry and built an impressive list of accomplishments, including serving as Chief Executive Officer and Chair of AT&T Capital Corporation, an international, full‐service equipment leasing and commercial finance company, from 1984 to 1996. Mr. Wajnert also has extensive public company board experience at Reynolds American as Chair, and at Solera, UDR, Inc., NYFIX, and JLG Industries as a director. Mr. Wajnert also serves on the board of International Finance Group, one of the largest privately owned P&C insurance companies in the U.S., and for many years served as a Trustee of Wharton's Center for Financial Institutions. M. Max Yzaguirre. Mr. Yzaguirre joined the Board of Directors in October 2021 and was appointed to the Audit and Risk Committee and the Compensation Committee effective January 2022. Mr. Yzaguirre’s experience includes domestic and international business, government and law, as well as expertise in a wide variety of industries and sectors. He currently serves on the board of directors of Aris Water Solutions, Inc. (NYSE: ARIS) and is chairman of their Compensation Committee. Mr. Yzaguirre formerly served on the boards of directors of BBVA USA Bancshares, Inc. and BBVA USA Bank, on the board of directors of Texas Regional Bancshares and on the board of directors of Texas State Bank. He also served previously as Executive Chairman of the energy infrastructure construction company, Forbes Bros. Holdings, Ltd., and as Chairman and CEO of Isolux Ingenieria USA, L.L.C., the US operation of Isolux Corsan, a Spanish engineering, procurement and construction company. Mr. Yzaguirre is also a member of the National Association of Corporate Directors (NACD) and the Latino Corporate Directors Association (LCDA).

Appendix

34 Balance Sheet ($ in 000’s) (1) Unaudited December 31, 2021 (1) December 31, 2020 ASSETS Cash, cash equivalents and restricted cash $ 138,413 $ 178,861 Available for sale investment securities, at fair value 647,317 593,734 Held to maturity investment securities, at amortized cost (fair value of $4,018 and $7,870 at December 31, 2021 and 2020, respectively) 3,829 7,467 Equity securities, at fair value 11,693 12,037 Loans receivable, net of allowance for loan losses of $35,535 and $46,214 at December 31, 2021 and 2020, respectively 6,261,885 6,003,602 Accrued interest receivable 17,761 18,795 Federal Home Loan Bank ("FHLB") stock, at cost 23,411 25,122 Premises and equipment, net 16,090 18,226 Goodwill 3,297 3,297 Prepaid expenses and other assets 56,261 44,963 Total assets $ 7,179,957 $ 6,906,104 LIABILITIES AND STOCKHOLDERS' EQUITY Liabilities: Deposits $ 5,538,243 $ 5,264,329 Federal Home Loan Bank advances 751,647 806,747 Junior subordinated deferrable interest debentures 61,857 61,857 Senior debt $95,000 face amount, 6.5% interest rate, due September 30, 2024 (less debt issuance costs of $388 and $461 at December 31, 2021 and 2020, respectively) 94,662 94,539 Accrued interest payable 118 1,388 Other l iabil ities and accrued expenses 64,297 63,553 Total liabilities 6,510,824 6,292,413 Stockholders' equity: Common stock, no par value; 100,000,000 shares authorized; 51,682,398 and 52,220,266 shares issued and outstanding at December 31, 2021 and 2020, respectively 406,904 414,120 Retained earnings 262,141 192,834 Accumulated other comprehensive income, net of taxes 88 6,737 Total stockholders' equity 669,133 613,691 Total liabilities and stockholders' equity $ 7,179,957 $ 6,906,104 As of

35 Income Statement ($ in 000’s, except per share data) (1) Unaudited 2021 2020 2021 (1) 2020 Interest and fee income: Loans $ 55,239 $ 55,335 $ 219,245 $ 230,996 Investment securities 2,163 2,068 8,451 9,856 Cash, cash equivalents and restricted cash 62 85 223 538 Total interest and fee income 57,464 57,488 227,919 241,390 Interest expense: Deposits 6,722 13,185 35,612 73,331 FHLB advances 3,190 5,211 14,535 21,761 Junior subordinated deferrable interest debentures 252 269 1,015 1,373 Senior debt 1,575 1,575 6,298 6,302 Total interest expense 11,739 20,240 57,460 102,767 Net interest income before provision for loan losses 45,725 37,248 170,459 138,623 (Reversal of) provision for loan losses (1,800) ‐ (10,800) 10,550 Net interest income after provision for loan losses 47,525 37,248 181,259 128,073 Noninterest income: FHLB dividends 413 373 1,558 1,650 Other income 223 91 328 870 Total noninterest income 636 464 1,886 2,520 Noninterest expense: Compensation and related benefits 10,007 10,187 38,624 43,100 Deposit insurance premium 489 476 1,920 1,905 Professional and regulatory fees 433 528 1,976 1,844 Occupancy 1,198 1,188 4,933 4,585 Depreciation and amortization 603 656 2,561 2,685 Data processing 1,056 907 3,785 3,911 Marketing 333 172 1,240 1,683 FHLB advance prepayment penalty ‐ 10,443 ‐ 10,443 Other expenses 1,107 796 4,106 3,778 Total noninterest expense 15,226 25,353 59,145 73,934 Income before provision for income taxes 32,935 12,359 124,000 56,659 Provision for income taxes 9,552 3,658 36,247 16,747 Net income $ 23,383 $ 8,701 $ 87,753 $ 39,912 Basic earnings per common share $ 0.46 $ 0.17 $ 1.70 $ 0.75 Diluted earnings per common share $ 0.45 $ 0.17 $ 1.70 $ 0.75 Dividends per common share $ 0.12 $ 0.06 $ 0.36 $ 0.23 Weighted average common shares outstanding ‐ basic 51,289,217 51,922,219 51,582,890 53,000,150 Weighted average common shares outstanding ‐ diluted 51,572,105 52,151,886 51,769,098 53,146,298 For the Three Months Ended December 31, (1) For the Years Ended December 31,

36 Net Interest Margin ($ in 000’s) (1) Non‐accrual loans are included in total loan balances. No adjustment has been made for these loans in the calculation of yields. Interest income on loans includes amortization of deferred loan costs, net. (2) Securities held to maturity include municipal securities. Yields are not calculated on a tax equivalent basis. (3) Net interest spread is the average yield on total interest‐earning assets minus the average rate on total interest‐bearing liabilities. (4) Net interest margin is net interest income divided by total average interest‐earning assets. (5) Yields shown are annualized. Average Interest Average Average Interest Average Average Interest Average Balance Inc / Exp Yield/Rate (5) Balance Inc / Exp Yield/Rate (5) Balance Inc / Exp Yield/Rate (5) Interest‐Earning Assets Multifamily residential 4,199,639$ 155,509$ 3.70% 4,202,677$ 39,967$ 3.80% 4,283,490$ 40,041$ 3.74% Single family residential 1,897,575 53,695 2.83% 1,879,844 12,908 2.75% 1,948,208 13,213 2.71% Commercial real estate 196,456 8,893 4.53% 191,659 2,143 4.47% 193,849 2,213 4.57% Construction, land and NM 18,920 1,148 6.07% 16,517 221 5.31% 16,337 290 7.04% Total loans (1) 6,312,590 219,245 3.47% 6,290,697 55,239 3.51% 6,441,884 55,757 3.46% Securities available‐for‐sale/ equity 648,551 8,372 1.29% 673,698 2,137 1.27% 667,352 2,182 1.31% Securities held‐to‐maturity (2) 4,928 79 1.60% 3,926 26 2.65% 4,213 31 2.94% Cash, cash equivalents and restricted cash 150,166 223 0.15% 154,722 62 0.16% 196,116 78 0.16% Total interest‐earning assets 7,116,235 227,919 3.20% 7,123,043 57,464 3.23% 7,309,565 58,048 3.18% Noninterest‐earning assets 66,937 73,823 69,430 Total assets 7,183,172$ 7,196,866$ 7,378,995$ Interest‐Bearing Liabilities Interest‐bearing demand deposits 158,956$ 358 0.22% 169,132$ 95 0.22% 159,417$ 93 0.23% Money market demand accounts 2,427,599 11,889 0.48% 2,801,908 3,178 0.44% 2,643,545 3,021 0.45% Time deposits ‐ Retail 2,638,164 23,089 0.86% 2,349,468 3,404 0.57% 2,460,373 4,359 0.69% Total interest‐bearing deposits ‐ Retail 5,224,719 35,336 0.67% 5,320,508 6,677 0.49% 5,263,335 7,473 0.56% Time deposits ‐ Wholesale 112,297 276 0.25% 108,200 45 0.17% 198,559 62 0.12% Total interest‐bearing deposits 5,337,016 35,612 0.66% 5,428,708 6,722 0.48% 5,461,894 7,535 0.54% FHLB advances 868,591 14,535 1.67% 751,653 3,190 1.68% 923,523 3,573 1.53% Senior debt 94,596 6,298 6.66% 94,642 1,575 6.66% 94,611 1,574 6.65% Junior subordinated debentures 61,857 1,015 1.64% 61,857 252 1.62% 61,857 250 1.60% Total interest‐bearing liabilities 6,362,060 57,460 0.90% 6,336,860 11,739 0.73% 6,541,885 12,932 0.78% Noninterest‐bearing demand deposits 112,436 126,225 122,851 Noninterest‐bearing liabilities 65,184 69,453 64,943 Total liabilities 6,539,680 6,532,538 6,729,679 Total stockholders' equity 643,492 664,328 649,316 Total liabilities and stockholders' equity 7,183,172$ 7,196,866$ 7,378,995$ Net interest spread (3) 2.30% 2.50% 2.40% Net interest income/margin (4) 170,459$ 2.40% 45,725$ 2.57% 45,116$ 2.47% For the Twelve Months Ended For the Three Months Ended For the Three Months Ended December 31, 2021 December 31, 2021 September 30, 2021

37 Non‐GAAP Reconciliation ($ in 000’s, except per share data) (1) For 2017, we calculate our pro forma net income, earnings per share, return on average assets, return on average equity and return on average tangible equity by adding back our franchise S‐Corporation tax to net income, and using a combined C‐Corporation effective tax rate for Federal and California income taxes of 42%. This calculation reflects only the change in our status as an S‐Corporation and does not give effect to any other transaction. 2021 2020 2019 2018 2017 Tangible stockholders' equity Total assets $ 7,179,957 $ 6,906,104 $ 7,045,828 $ 6,937,212 $ 5,704,380 Less: Goodwill (3,297) (3,297) (3,297) (3,297) (3,297) Less: Total l iabilities (6,510,824) (6,292,413) (6,431,364) (6,356,067) (5,154,635) Tangible stockholders' equity $ 665,836 $ 610,394 $ 611,167 $ 577,848 $ 546,448 Tangible assets Total assets $ 7,179,957 $ 6,906,104 $ 7,045,828 $ 6,937,212 $ 5,704,380 Less: Goodwill (3,297) (3,297) (3,297) (3,297) (3,297) Tangible assets $ 7,176,660 $ 6,902,807 $ 7,042,531 $ 6,933,915 $ 5,701,083 Tangible stockholders' equity to tangible assets Tangible book value (numerator) $ 665,836 $ 610,394 $ 611,167 $ 577,848 $ 546,448 Tangible assets (denominator) 7,176,660 6,902,807 7,042,531 6,933,915 5,701,083 Tangible stockholders' equity to tangible assets 9.3% 8.8% 8.7% 8.3% 9.6% Efficiency ratio Noninterest expense (numerator) $ 59,145 $ 73,934 $ 62,386 $ 62,687 $ 56,544 Net interest income $ 170,459 $ 138,623 $ 128,407 $ 125,087 $ 110,895 Noninterest income 1,886 2,520 4,675 4,131 7,508 Operating revenue (denominator) $ 172,345 $ 141,143 $ 133,082 $ 129,218 $ 118,403 Efficiency ratio 34.3% 52.4% 46.9% 48.5% 47.8% Tangible book value per share Tangible stockholders' equity (numerator) $ 665,836 Period end shares outstanding (denominator) 51,682,398 Tangible book value per share $ 12.88 Pro forma items (1) Net income before income taxes $ 65,231 Effective tax rate 42% Pro forma provision for income taxes $ 27,397 Net income before income taxes $ 65,231 Pro forma provision for income taxes 27,397 Pro forma net income $ 37,834 Pro forma net income (numerator) $ 37,834 Average assets (denominator) 5,485,832 Pro forma return on average assets 0.69% Average stockholders' equity (denominator) $ 425,698 Pro forma return on average stockholders' equity 8.89% As of or For the Years Ended December 31,

38 Non‐GAAP Reconciliation ($ in 000’s, except per share data) (1) For the year ended December 31, 2020, our pro forma amounts above are adjusted to reverse the impact of a non‐recurring cost incurred in connection with the early paydown of $150 million of long‐term FHLB borrowings in late December 2020. As of or For the Year Ended December 31, 2020 Pro forma items continued (1) Net income $ 39,912 Add: Non‐recurring noninterest expense item, net taxes 7,352 Pro forma net income $ 47,264 Pro forma net income (numerator) $ 47,264 Average assets (denominator) 7,092,407 Pro forma return on average assets 0.67% Pro forma net income (numerator) $ 47,264 Average stockholders' equity (denominator) 610,770 Pro forma return on average stockholders' equity 7.74% Pro forma net income (numerator) $ 47,264 Fully dilutive shares (denominator) 53,146,298 Pro forma earnings per share $ 0.89 Noninterest expense $ 73,934 Less: Non‐recurring noninterest expense item, before income taxes (10,443) Pro forma noninterest expense (numerator) $ 63,491 Operating revenue (denominator) $ 141,143 Pro forma efficiency ratio 45.0% Pro forma noninterest expense (numerator) $ 63,491 Average assets (denominator) 7,092,407 Pro forma noninterest expense to average assets 0.90%