Attached files
| file | filename |
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| 8-K - FORM 8-K - IBERIABANK CORP | d8k.htm |
 2011 Annual
Shareholder’s 2011 Annual Shareholder’s
Meeting Presentation
Meeting Presentation
Exhibit 99.1 |
 Safe Harbor
Statement Safe Harbor Statement
Statements contained in this presentation which are not historical facts and which pertain to
future operating results of IBERIABANK Corporation and its subsidiaries constitute
“forward-looking statements” within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements involve significant
risks and uncertainties. Actual results may differ materially from the results
discussed in these forward-looking statements. Factors that might cause such a
difference include, but are not limited to, those discussed in the Company’s
periodic filings with the SEC. In connection with the proposed mergers, IBERIABANK Corporation has filed Registration
Statements on Form S-4 that contain a proxy statement/prospectus. INVESTORS AND
SECURITY HOLDERS ARE URGED TO CAREFULLY READ THE PROXY STATEMENT/PROSPECTUS REGARDING
THE PROPOSED TRANSACTIONS WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN
IMPORTANT INFORMATION. Investors and security holders may obtain a free copy of the
proxy statement/prospectus (when it is available) and other documents containing
information about IBERIABANK Corporation, Cameron Bancshares, Inc. and OMNI BANCSHARES
Inc., without charge, at the SEC's web site at http://www.sec.gov. Copies of the proxy
statement/prospectus and the SEC filings that will be incorporated by reference in the
proxy statement/prospectus may also be obtained for free from the IBERIABANK
Corporation website, www.iberiabank.com, under the heading “Investor Information”.
This communication is not an offer to purchase shares of Cameron Bancshares, Inc. common
stock or OMNI BANCSHARES, Inc. common stock, nor is it an offer to sell shares of
IBERIABANK Corporation common stock which may be issued in either proposed
merger. Any issuance of IBERIABANK Corporation common stock in either proposed
merger would have to be registered under the Securities Act of 1933, as amended, and
such IBERIABANK Corporation common stock would be offered only by means of a prospectus
complying with the Act. |
 Annual Shareholder’s Meeting Presentation
Annual Shareholder’s Meeting Presentation
2010 Investments
•
Management Development Program
•
Introduction of New Businesses
•
Retail/Small Business Focus
Acquisition Update
•
OMNI BANK
•
Cameron State Bank
2010 Other Highlights |
 Mission
Statement Mission Statement
Provide Exceptional Value-Based
Client Service
Great Place To Work
Growth That is Consistent With
High Performance
Shareholder Focused
Strong Sense Of Community |
 Our Franchise
Our Franchise |
 Marucci Sports
Baton Rouge, Louisiana
Management
Management
Development
Development
Program
Program |
 Management
Development Program Management Development Program
Overview
Overview
We Developed The Program To:
Develop Future Bankers And Leaders
Build A Strong Sense Of Teamwork Within Our Future Bank
Leaders
Provide Associates With A Fundamental Understanding Of
Our Credit Culture Allowing Them To Bring That Knowledge
Into All Of Our Markets
Bring Career Opportunities For Our Children And Markets
Class Began in July 2010
15 Associates –
7 Internal, 8 External |
 Garver
Little Rock, Arkansas
Capital Markets,
Capital Markets,
Brokerage,
Brokerage,
Wealth
Wealth
Management
Management
and Trust
and Trust |
 IBKC Fee
Businesses IBKC Fee Businesses
Business Unit Structure
Business Unit Structure |
 IBKC Fee
Businesses IBKC Fee Businesses
Enhancements to traditional banking business
Enhancements to traditional banking business |
 IBERIA Capital
Partners IBERIA Capital Partners
Business Model Overview
Business Model Overview
Services
•
Research
•
Oilfield Services –
15
•
Exploration & Production –
12
•
Coal and Shipping –
10
•
Ultimate coverage list –
100
•
Sales
•
8 institutional salesmen
•
Trading
•
2 equity traders
•
Investment Banking
•
Focus on public equity offerings
•
Management advisory
•
Private Placements |
 IBERIA Capital
Partners IBERIA Capital Partners
Website
Website
www.iberiacapitalpartners.com |
 IBERIA Wealth
Advisors IBERIA Wealth Advisors
Who We Are
Who We Are
We are a team of Trust and Investment professionals:
•
Veterans in our respective markets
•
Holders of advanced degrees
•
Holders of professional designations
•
Focused on superior client service
*As of 3/31/2011
Wealth Advisor
Day-to-day administration of accounts
Advise client on estate planning matters
Consult with client's CPA and attorney as
needed
Interface with bankers to ensure
complementary services
Portfolio Manager
Develop investment plan for client
Implement and monitor investment strategy
Ensure that investment plan complements trust
and estate plan
*Approximate Assets Under Management: $228 million
|
 IBERIA Wealth
Advisors IBERIA Wealth Advisors
Asset Allocation Models
Asset Allocation Models
Source: Federated Investors
The appropriate asset
allocation model is chosen
based on a client’s investment
needs and risk tolerance.
Conservative
•
Equities: 20%
•Fixed Income: 64%
•Alternatives: 16%
Conservative
Growth
•
Equities: 36%
•Fixed Income: 48%
•Alternatives: 16%
Balanced
•
Equities: 52%
•Fixed Income: 32%
•Alternatives: 16%
Growth
•
Equities: 65%
•Fixed Income: 20%
•Alternatives: 15%
Aggressive
Growth
•
Equities: 78%
•Fixed Income: 10%
•Alternatives: 12% |
 Blessey Marine
Harahan, Louisiana
Retail/Small
Retail/Small
Business
Business |
 Winning Banks
Will: Be Relationship-focused
Optimize Distribution Channels
Develop Products That Customers Want
Reinvent Underwriting Models
Exhibit Flawless Execution
Retail/Small Business
Retail/Small Business |
 Small Business Opportunities:
293,000 Small Business Customers In Our
Footprint
Focused Bankers
Increased Lending
New Deposit And Treasury Management
Products
Enhanced Online And Mobile Solutions
Serve Businesses And Their Owners
Retail/Small Business
Retail/Small Business |
 Retail
Opportunities: 3.6 Million Potential Consumer Clients In Our
Footprint
New Branch Locations Underway
Enhanced ATM, Phone, Online And Mobile
Solutions
Full And Integrated Product Set
Products That Reward Rather Than Penalize
Customers For Doing Business With Us
Retail/Small Business
Retail/Small Business |
 Resort Management
Naples, Florida
Acquisition
Acquisition
Update
Update |
 Acquisition of
OMNI BANCSHARES, Inc. Acquisition of OMNI BANCSHARES, Inc.
Headquartered In Metairie, LA
Bank Founded In 1988
14 Branches In New Orleans MSA (13) And
Baton Rouge (1)
Loans: $525 Million
Assets: $735 Million
Deposits: $646 Million |
 Cultural Similarities
Enhancement To Existing New Orleans Franchise
Well Connected To Jefferson Parish
Strong Client Relationships
Significant Deposit Relationships In Public Funds
Arena
Involved In The Community
Exceptional Leadership: Jim Hudson, Chairman And
CEO -
Named ABA Community Banker Of The Year In
2005
Serving as 2010-2011 Chairman Of The Board -
GNO, Inc.
OMNI BANK
OMNI BANK |
 OMNI BANK
OMNI BANK
Strengthens Greater New Orleans Franchise
Strengthens Greater New Orleans Franchise
New Orleans MSA
Rank
Company
Branches
Deposits
Mkt.
Share
1
Capital One
60
$ 8.6 27%
2
Hancock/
Whitney
59
4.5
18
3
JPMorgan
38
4.2
16
4
Regions
34
2.4
9
5
Pro Forma
Pro Forma
IBERIABANK
IBERIABANK
26
26
1.3
1.3
4
4
5
First NBC
15
1.1
3
6
Fidelity
Homestead
14
0.8
3
7
Gulf Coast
14
0.7
3
8
IBERIABANK
12
0.7
2
9
OMNI BANK
14
0.6
2
10
First Trust
8
0.5
2
Source: SNL Financial Deposit Data as of June 2010
IBERIABANK Branches
OMNI Branches
New Locations |
 OMNI BANK
OMNI BANK
Branch Distribution
Branch Distribution
Main Office –
Metairie
Deposits: $175 million
Kenner Office
Deposits: $46 million
Mandeville Office (Northshore)
Deposits: $30 million
Carrollton Avenue
Deposits: $15 million
Baton Rouge Office
Deposits: $37 million
Gretna Office (West Bank)
Deposits: $59 million |
 Investments In
New Orleans Investments In New Orleans |
 Investments In
New Orleans Investments In New Orleans |
 Cameron
Bancshares, Inc. Cameron Bancshares, Inc.
Headquartered In Lake Charles, LA
Bank founded In 1966
22 Branches And 48 ATMs In Lake Charles Area
Net Income (2010): $9 Million
Loans: $408 Million
Assets: $706 Million
Deposits: $575 Million |
 Outstanding Opportunity To Serve SW LA
Well-Known And Respected Brand
Named “Best Bank”
in The Times of
Southwest Louisiana 12 straight years
Engaged Leadership
Creative Marketing Strategy
Cameron Bancshares, Inc.
Cameron Bancshares, Inc. |
 Cameron State
Bank Cameron State Bank
Strengthens Our South Louisiana Franchise
Strengthens Our South Louisiana Franchise
Lake Charles MSA
Rank
Company
Branches
Deposits
Mkt.
Share
1
Capital One
15
$ 834 27%
2
JPMorgan
12
597
19
3
3
IBERIABANK/
IBERIABANK/
Cameron
Cameron
19
19
538
538
17
17
4
First Federal
7
349
11
5
Hancock/
Whitney
5
250
8
6
Jeff Davis
8
234
7
7
Business First
1
105
3
8
Louisiana
Community
4
55
2
9
Midsouth
3
55
2
10
Financial Corp.
2
43
1
Source: SNL Financial Deposit Data as of June 2010
Cameron Branches |
 Cameron State
Bank Cameron State Bank
Lake Charles Branch Distribution
Lake Charles Branch Distribution
Main Office –
Lake Charles
Deposits: $163 million
Ryan St. Office
Deposits: $37 million
Westlake Office
Deposits: $25 million
Maplewood Office
Deposits: $39 million
Oak Park Office
Deposits: $25 million
De Quincy Office
Deposits: $23 million
Source: Company reports at December 31, 2010 |
 Hundreds Of
Signs In Premium Locations LeGrange High School
Cameron State Bank
Cameron State Bank
Creative Marketing Program
Creative Marketing Program
Mascot: Mulla Mallard
Special School Focus: Investment = Relationships
Significant Signage Program
Quality Brand Reflected in Facility Management |
 Partnership
With McNeese University
Includes A Branded
Branch and
Significant Signage
On Campus
Cameron State Bank
Cameron State Bank
Creative Marketing Program
Creative Marketing Program |
 Cameron State Bank
Cameron State Bank
Creative Marketing Program
Creative Marketing Program |
 CraneWorks
Birmingham, Alabama
Other
Other
Highlights in
Highlights in
2010
2010 |
 Other Highlights
in 2010 Other Highlights in 2010
Excellent Organic Growth
Excellent Organic Growth
Taking Market Share From Competitors
Balance Sheet Expansion In 2010
•
Loans: $339 Million Growth
•
Deposits: $359 Million Growth
Mortgage Origination Business
•
$1.8
Billion
In
Production
(Up
12%)
And
Loan
Sales
(Up
11%)
•
$48 Million In Loan Sale Gains (Up 36%) Brokerage
Business •
$8 Million In Revenue (Up 64%)
Opportunities In Many Markets (New Orleans, Houston, etc.) |
 Other Highlights
in 2010 Other Highlights in 2010
Distribution Improvements
Distribution Improvements
Acquired 6 Bank Offices From Sterling Bank
Opened 7 Bank Offices In 2010
•
Houston –
3 Offices
•
Mobile –
2 Offices
•
New Orleans
•
Sarasota
Opened 2 Mortgage Locations In 2010
Plan To Open 8 New Bank Offices In 2011
•
Birmingham –
4 Offices
•
Houston
•
Memphis
•
New Orleans
Plan To Relocate 7 Bank Offices In 2011 |
 Other Highlights
in 2010 Other Highlights in 2010
Other Developments
Other Developments
Made Significant People Investments Over The Past 2
Years:
•
Added 432 Front-Office People
•
Added 314 Support People
Which Included…..
•
Sarasota/Bradenton
101
•
Naples
87
•
Birmingham
82
•
New Orleans
62
•
Lafayette
44
Maintained A Balanced Interest Risk Position
Deepwater Horizon Event In The Gulf Of Mexico
•
One Of The First Financial Institutions To Provide Guidance
•
No Material Impact On Our Company |
 Other Highlights
in 2010 Other Highlights in 2010
Favorable Asset Quality
Favorable Asset Quality
Low and Stable Level
of Nonperforming
Assets
Low and Declining
Level of Loans Past
Due
Very Favorable
Compared to Peers |
 Other Highlights
in 2010 Other Highlights in 2010
Classified Assets
Classified Assets
“Classified Assets”
Are Loans That
Exhibit Stress And
Warrant Close
Watching
Our Classified Assets
As A Percentage Of
Total Assets Are Very
Low, Particularly
Compared To Our
Local Peers |
 Other Highlights
in 2010 Other Highlights in 2010
Low Risk Balance Sheet
Low Risk Balance Sheet
Almost Half Of
Our Asset Base
Is Very Low
Risk:
•
Excess Cash
($800 Million)
•
Bond Portfolio
($1.8 Billion)
•
FDIC Receivable
($928 Million)
•
Loans Covered
Under FDIC Loss
Share ($1.5
Billion)
Excess
Cash, 8%
Bond
Portfolio,
18%
FDIC
Receivable,
9%
Loans -
FDIC
Covered,
15%
Loans -
Noncovered,
41%
Other Assets,
10%
Percent of Average Assets in 2010
Very Low Risk Components |
 Other Highlights
in 2010 Other Highlights in 2010
Profitability And Capital Strength
Profitability And Capital Strength
In 2010, We Earned $48 Million In Net Income
Fully-Diluted Earnings Per Share Of $1.88
Highly Successful Common Stock Offering –
March 8, 2010
•
$329 Million In Net Proceeds
•
We Have Been Patient To Deploy This Capital
Capital Generation For Shareholders In 2010
•
Book Value Per Share Up $2.12, Or 5%, To $48.50
•
Tangible Book Value Per Share Up $2.80, Or 14%, To $36.68
We Are Well Positioned For Future Growth Opportunities |
 Other Highlights
in 2010 Other Highlights in 2010
Over The Past Three Years….
Over The Past Three Years….
Total Revenues Of $1.2 Billion
Earned $243 Million; $13.26 EPS
Paid $76 Million In Dividends, Or
$4.08 Per Share (31% Payout)
Improved Asset Quality And
Capital Strength
Added:
•
+$5 Billion Assets (Doubled)
•
+76 New Locations
•
+803 Associates
•
+$19.62 In Tangible BVS
•
+$1 Billion Market Cap.
At The End Of 2010:
•
Total Assets Of $10 Billion
•
2,097 Associates
•
Operations In 12 States |
 Our
Opportunities Our Opportunities
Successfully Integrate And Assimilate Our Pending
Acquisitions And Achieve Synergistic Benefits
Capitalize On Market Turmoil Opportunities
Deploy Our Equity Capital In An Effective Manner
Continue To Develop IBERIA Capital Partners, IBERIA
Wealth Advisors, And IBERIA Financial Services
Expand Small Business And Retail
Improve Earnings Through Revenue Growth And Expense
Management
Further Develop Florida Franchise |
 Gulf Coast Asphalt Co.
Houston, Texas |