Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - HOME BANCSHARES INC | d715485d8k.htm |
| EX-99.1 - EX-99.1 - HOME BANCSHARES INC | d715485dex991.htm |
 Exhibit 99.2 |
 2
This presentation contains forward-looking statements that relate to
expectations, beliefs, projections, future plans and strategies,
anticipated events or trends and similar expressions concerning matters that are
not historical facts. The forward-looking statements contained herein
reflect our current views about future events and financial performance and are
subject to risks, uncertainties, assumptions and changes in circumstances that
may cause our actual results to differ significantly from historical results and
those expressed in any forward-looking statement. Some factors that could
cause actual results to differ materially from historical or expected results include:
factors listed in the Company’s 10-K as filed with the Securities and
Exchange Commission; changes in general economic conditions, either nationally
or locally in the areas in which we conduct or will conduct our business;
inflation, interest rate, market and monetary fluctuations; increases in
competitive pressures among financial institutions and businesses offering
similar products and services; higher defaults on our loan portfolio than we
expect; changes in management’s estimate of the adequacy of the allowance
for loan losses; legislative or regulatory changes or changes in accounting
principles, policies or guidelines; management’s estimates and projections of
interest rates and interest rate policy; the execution of our business plan; and
other factors affecting the financial services industry generally or the banking
industry in particular.
We do not intend and disclaim any duty or obligation to update or revise any industry
information or forward-looking statements set forth in this presentation to
reflect new information, future events or otherwise.
Although the parties have entered into a letter of intent, there is no assurance that
the parties will enter into a definitive agreement |
 •
Purchase all of the issued and outstanding
shares of common stock of Florida
Traditions Bank, a Florida state-chartered
bank with $312 million in total assets
•
No additional capital required to complete
the transaction
•
Acquired branches would operate as
Centennial Bank, a wholly-owned
subsidiary of Home BancShares, Inc.
•
Issuance of $43 million of HOMB common
stock
3 |
 •
Additive to current Central Florida footprint
–
Fills in between existing Tampa and Orlando area
locations
•
Financially attractive transaction –
immediately accretive to:
–
Net income
–
Earnings per share
–
Book value
–
Tangible book value
•
Addition of experienced Central Florida
bankers to the Centennial Bank team
4 |
 Note: Core deposits defined as total deposits less time deposits greater than
$100K; Shown as Florida Traditions Bank. (’08YE-’13YE)
5
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
$200
$220
'08YE
'09YE
'10YE
'11YE
'12YE
'13YE
$34
$81
$112
$148
$184
$212
•
8 full service locations spanning from Tampa to Orlando
Core Deposits ($mm) |
 Florida
Traditions
is
ranked
30
th
with
aggregate
market
share
of
0.3%
in
the
combined
MSAs
The
combined
entity
would
move
up
to
24
th
in
deposit
market
share
in
the
combined
MSAs
(1) Deposit market share as of 6/30/13
6
Deposit
Market
Share
of
Top
10
Holding
Companies
in
Tampa-Lakeland
MSAs
(1)
Rank
Institution
Branches
Deposits
($mm)
Dep/Branch
($mm)
Market
Share
1
Bank of America Corporation
111
11,433,113
$
103,001
$
16.3%
2
Wells Fargo & Company
110
11,222,700
102,025
16.0%
3
Raymond James Financial, Inc.
1
9,146,621
9,146,621
13.1%
4
Suntrust Banks, Inc.
120
8,787,793
73,232
12.6%
5
Regions Financial Corporation
84
5,563,910
66,237
8.0%
6
Fifth Third Bancorp
48
3,126,541
65,136
4.5%
7
BB&T Corporation
57
3,066,834
53,804
4.4%
8
JPMorgan Chase & Co.
62
1,404,338
22,651
2.0%
9
USAmeriBancorp, Inc.
12
1,383,458
115,288
2.0%
10
Tampa Bay Banking Company
10
1,132,936
113,294
1.6%
Home
BancShares,
Inc.
-
Pro-forma
9
326,191
36,243
0.5%
30
Florida Traditions Bank
6
229,007
38,168
0.3%
47
Home BancShares, Inc.
3
97,184
32,395
0.1% |
 Note:
Dollars in Millions 7
HOMB
Florida
Traditions Bank
HOMB –
Pro-Forma
Transaction Accounts
Money Market & Savings
Jumbo Time Deposits
Retail Time Deposits
HOMB
3/31/2014
Acquired
Florida Traditions
Deposits
12/31/2013
HOMB
Pro-Forma
Transaction Accounts
$
2,956
Money Market & Savings
929
100
1,029
Retail Time Deposits
676
30
706
Jumbo Time Deposits
778
55
833
$
5,339 263
13%
15%
17%
55%
21%
30%
11%
38%
13%
15%
18%
54%
$
3,034
$
78 $
$
5,602 |
 Note:
Dollars in Millions (1)
Includes Agriculture
(2)
Before loan discounts
8
Loan Type
HOMB
(3/31/14)
Acquired
FL Traditions
Loans
(2)
(12/31/13)
HOMB
Pro-forma
Total
% of
Pro-forma
Total
Loans
Commercial RE
(Non-farm/non-residential & agriculture)
$ 1,913
$ 176
$
45.0%
Construction/Land Development
612
28
640
13.8%
Residential Real Estate
1,200
30
1,230
26.5%
Commercial & Industrial
(1)
542
8
550
11.8%
Consumer
61
2
63
1.4%
Other
70
-
70
1.5%
Total
$ 4,398
$ 244
$
100.0%
4,642
2,089 |
 9
Note: Dollars in Millions
Year
Acquired Bank
Acquisition Type
Location
Assets
2003
Community Bank
Market
Cabot, AR
$326
2005
Twin City Bank
Market
North Little Rock, AR
$633
2005
Marine Bank
Market
Marathon, FL
$258
2005
Bank of Mountain View
Market
Mountain View, AR
$203
2008
Centennial Bank
Market
Little Rock, AR
$234
2010
Old Southern Bank
FDIC-assisted
Orlando, FL
$335
2010
Key West Bank
FDIC-assisted
Key West, FL
$97
2010
Coastal Community Bank
FDIC-assisted
Panama City, FL
$362
2010
Bayside Savings Bank
FDIC-assisted
Port Saint Joe, FL
$63
2010
Wakulla Bank
FDIC-assisted
Crawfordville, FL
$353
2010
Gulf State Community Bank
FDIC-assisted
Carrabelle, FL
$112
2012
Vision Bank
Market
Panama City, FL
$530
2012
Heritage Bank of Florida
FDIC-assisted
Lutz, FL
$225
2012
Premier Bank
§363 Bankruptcy
Tallahassee, FL
$265
2013
Liberty Bancshares, Inc.
Market
Jonesboro, AR
$2,853
2014
Florida Traditions Bank
Market
Dade City, FL
$312 |
 Note:
Pro-forma map as of March 2014 10
Clermont
Lake Mary
Longwood
Winder Park
Orlando (2)
Kissimmee
St. Cloud
Winter Haven
Lakeland
Zephyrhills
Plant City
Tampa
Lutz
Wesley Chapel
Dade City
Spring Hill
Branch Locations (17) |
 11
Note: Pro-forma map as of March 2014
ARKANSAS
88 Branches
ALABAMA
7 Branches
Panhandle
32 Branches
FLORIDA
17 Branches
FLORIDA
3 Branches
FLORIDA
9 Branches
South
Central
Southwest
Keys
FLORIDA
Branch Locations (156) |
 Note:
Map as of March 2014 12
Branch Locations
Mountain View (2)
Searcy (3)
Beebe (2)
Ward
Cabot (5)
Jacksonville (3)
Sherwood (2)
Greenbrier
Vilonia
Conway (7)
Mayflower
Maumelle
Little Rock (8)
Bryant
Quitman
Fordyce
North Little Rock (5)
Morrilton
Heber Springs
ARKANSAS
Jonesboro (7)
Batesville (2)
Bay
Highland
Monette
Mountain Home (2)
Paragould (3)
Rector
Bentonville
Fayetteville (2)
Fort Smith (3)
Gentry
Rogers
Siloam Springs (3)
Springdale
Tontitown
Atkins
Clarksville
Dardanelle (2)
Russellville (4)
Pottsville
Van Buren
Branch Locations (88) |
 Note:
Map as of March 2014 13
Eastpoint
Apalachicola
Carrabelle
Port St. Joe
Lynn Haven
Panama City (2)
St. George Island
Panama City Beach (2)
Mexico Beach
Southport
Blountstown
Bristol
Tallahassee (7)
Crawfordville
Daphne
Fairhope
Point Clear
Elberta
Foley
Orange Beach
Gulf Shores
Navarre
Destin
Wewahitchka
ALABAMA
FLORIDA
Quincy
St. Marks
Pensacola (2)
Santa Rosa
Beach (2)
Branch Locations (38) |
 Note:
Pro-forma map as of March 2014 14
FLORIDA
Port Charlotte
Punta Gorda
Marco Island
Key Largo
Islamorada
Marathon (2)
Big Pine
Key West (3)
Summerland
Orlando (2)
Winter Park
Clermont
Eastpoint
Apalachicola
Carrabelle
Port St. Joe
Lynn Haven
Panama City (2)
St. George Island
Panama City Beach (2)
Mexico Beach
Southport
Blountstown
Bristol
Tallahassee (7)
Navarre
Wewahitchka
Destin
Quincy
Lutz
Wesley Chapel
Tampa
Lake Mary
Crawfordville
Existing Branch Locations (52)
Longwood
St. Marks
Pensacola (2)
Santa Rosa
Beach (2)
Kissimmee
St. Cloud
Zephyrhills
Dade City
Plant City
Lakeland
Winter Haven
Spring Hill
Florida Traditions Branch Locations (8) |
 15
Corporate Headquarters
Home BancShares, Inc.
719 Harkrider Street, Suite 100
P.O. Box 966
Conway, AR 72033
Financial Information
Brian Davis
Investor Relations Officer
(501) 328-4770
Website
www.homebancshares.com |
 |