Attached files
| file | filename |
|---|---|
| 8-K - 8-K - Franklin Financial Network Inc. | d748676d8k.htm |
 Exhibit 99.1 |
 Except for the
historical information contained herein, this presentation contains forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as
amended.
The Company intends that all such statements be subject
to the "safe harbor" provisions of those Acts.
Because forward-
looking statements involve risks and uncertainties, actual results
may differ materially from those expressed or implied.
Investors are
cautioned not to place undue reliance on these forward-looking
statements and are advised to carefully review the discussion of
forward-looking statements and risk factors in documents the
Company
files
with
the
Securities
and
Exchange
Commission.
The
Company undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. |
 FRANKLIN SYNERGY
BANK PROGRESS REPORT |
 Progress Report
Topics Brief History
The Success of Franklin Synergy Bank
The Changing Banking Environment
The Future of FFN/FSB: Expansion and
Success Factors |
 BRIEF HISTORY OF
FFN/FSB |
 Brief
History 2007
June –
Company formed; $26.3 million capital raised locally
November –
FSB charter approved, Cool Springs opened |
 |
 Brief
History 2007
June –
Company formed; $26.3 million capital raised locally
November –
FSB charter approved, Cool Springs opened
2008
May –
Banc Compliance Group purchased
November –
Franklin branch, Brentwood mortgage office opened
2009
January -
$2.8 million local offering completed
March –
First profitable quarter in FSB history
2010
February -
$6.5 million local offering completed
May –
Relocated Franklin branch to Columbia Avenue |
 |
 Brief
History 2007
June –
Company formed; $26.3 million capital raised locally
November –
FSB charter approved, Cool Springs opened
2008
May –
Banc Compliance Group purchased
November –
Franklin branch, Brentwood Mortgage office opened
2009
January -
$2.8 million local offering completed
March –
First profitable quarter in FSB history
2010
February -
$ 6.5 million local offering completed
May –
Relocated Franklin branch to Columbia Avenue
2011
January –
Opened Brentwood office |
 Opening
Brentwood – January 2011 |
 Brief
History 2011
September –
Established Franklin Synergy Investment
Management
September –
Received $10 million Small Business Lending Fund
Capital
2012
June –
Opened Westhaven Branch
November –
Celebrated 5 year anniversary
2013
February –
Opened Spring Hill Office
July –
Groundbreaking for Columbia Ave HQ
Phase II |
 July 2013
- April 2014
Columbia Ave HQ
Phase II |
 Brief
History 2013
October –
Opened Berry Farms Branch
November –
Groundbreaking for new Aspen Grove Office
November –
Announced Merger with MidSouth Bank
2014
March –
Opened Spring Hill Branch
June –
Columbia Ave HQ Phase II |
 Berry Farms
Grand Opening – Oct 2013
Spring Hill Grand Opening
–
March 2014 |
 THE SUCCESS OF
FRANKLIN SYNERGY BANK |
 The FSB Success
Story First Step: Defining Success |
 Mission
Statement Our Mission is to build a legacy company by:
We will profitably market technology
advantaged
financial products and services to relationship-
oriented local businesses, professionals,
consumers, and community banks.
Creating
Cultivating strong customer relationships
Fostering an extraordinary team of directors, officers, and
employees
shareholder value |
 The FSB Success
Story Enhancing Shareholder Value Dynamics
Corporate Performance
Market Acceptance |
 Success
- Competing Objectives
Soundness
Growth
Profitability
Corporate Citizenship |
 Soundness
– Adequate Capital
“Well Capitalized”
by Regulatory
Standards
Received $10 million in SBLF in 2011:
only strongest, healthiest US banks
could participate
Raised $15 million in 2013 through a
Private Placement
FFN Will Raise Capital in Future to
Provide Base for Further Growth and
Profitability |
 Soundness
– Asset Quality
FSB Performance: among
the leading banks in
maintaining low levels of
problem assets
22.4%
22.4%
13.0%
13.0%
8.4%
8.4%
8.8%
8.8%
4.0%
4.0%
12.6%
20.7%
18.9%
23.1%
17.5% |
 Growth
At March 31, 2014:
Assets
-
$866
(+42.2%)
Loans
-
$463
(+42.8%)
Deposits
–
$740
(+37.8%)
June 2013 Market Share
Williamson County –
3rd
Franklin –
1st |
 Profitability
FSB Was Not Fully Taxable
until 2012
FSB Has Been Profitable for
21 Consecutive Quarters
FSB Has Achieved Critical
Mass as a Foundation for
Future Profits
$0.5
$1.3
$2.7
$4.2
$5.0 |
 Corporate
Citizenship Follow Regulatory Guidelines for Banking
Practices –
successful programs
Community Reinvestment Act
Consumer Compliance Programs
Provide Leadership for Civic, Professional, and
Charitable Organizations within the Community |
 THE CHANGING
BANKING ENVIRONMENT |
 The Community
Banking Challenges Threats to Earning Power of Banks
Margin Compression
Leverage Compression
Growing Operating Overhead from Regulatory Initiatives
The Future of Community Banking
Significant Consolidation
Focus on Growth to Offset Diseconomies of Scale |
 LOOKING INTO THE
FUTURE: EXPANSION |
 The FSB
Acquisition of MidSouth Bank Merger Date: July 1, 2014
Combined Banks’
Anticipated Numbers
Assets: $1.2 billion
Loans: $670 million
Locations: 11
Merger Dynamics: local community bank in state’s
two fastest growing counties |
 Branch Locations for Merged Bank
Franklin Synergy
MidSouth |
 Looking to the
Future… Organic Growth in Williamson and Rutherford
Counties
IPO (Initial Public Offering)
Public Trading of FFN Stock through NASDAQ |
 LOOKING INTO THE
FUTURE: FSB SUCCESS FACTORS |
 Why Has FSB
Been So Successful? Location –
Williamson County and Middle
Tennessee
Proficient, Experienced, Proven Banking
Team
The FSB Culture
The FSB Culture |
 Key Components
of FSB Culture We are profit driven; the key measurement of
success is increased shareholder value
We never compromise personal or corporate
integrity
We are customer and market focused
We are family |
 Facilities
Expansion Plans Expansion of Downtown Campus
–
early 2015
Relocation of Cool Springs Branch –
2014
Relocation of Brentwood Branch –
2014
|
 FSB Direction:
Focus on Basics Conservative
Loan
Underwriting:
asset
quality
is
paramount
to
success
Continued Emphasis on Growth
Objective: 25% annually
Method: organic growth, primarily (after acquisition)
Continued Real Estate Focus, but Enhanced Small Business
Initiative
Local Bank, Focused on Williamson and Rutherford Counties |
 Questions? |