Attached files
| file | filename |
|---|---|
| 8-K - 8-K - HOME BANCSHARES INC | d766539d8k.htm |
| EX-2.1 - EX-2.1 - HOME BANCSHARES INC | d766539dex21.htm |
| EX-99.1 - EX-99.1 - HOME BANCSHARES INC | d766539dex991.htm |
 Exhibit
99.2 |
 2
This presentation contains forward-looking statements which include, but are not
limited to, statements about the benefits of the business combination
transaction involving Home and Broward, including future financial and operating
results, the combined company’s plans, objectives, expectations, goals and
outlook for the future. Statements in this presentation that are not historical
facts should be considered forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Forward-looking
statements of this type speak only as of the date of this news release. By
nature, forward-looking statements involve inherent risk and uncertainties. Various
factors could cause actual results to differ materially from those contemplated
by the forward- looking statements, including, but not limited to, (i) the
possibility that the acquisition does not close when expected or at all because
required regulatory, shareholder or other approvals and other conditions to
closing are not received or satisfied on a timely basis or at all; (ii) changes
in Home’s stock price before closing, (iii) the risk that the benefits from
the transaction may not be fully realized or may take longer to realize than
expected, including as a result of changes in general economic and market conditions,
interest and exchange rates, monetary policy, laws and regulations and their
enforcement, and the degree of competition in the geographic and business areas
in which Home and Broward operate; (iv) the ability to promptly and effectively
integrate the businesses of Home and Broward; (v) the reaction to the
transaction of the companies’ customers, employees and counterparties; and
(vi) diversion of management time on acquisition-related issues.
Additional information on factors that might affect Home BancShares, Inc.'s
financial results is included in its Annual Report on Form 10-K for the year
ended December 31, 2013, filed with the Securities and Exchange Commission.
|
 •
Purchase all of the issued and outstanding shares of
common stock of Broward Financial Holdings, Inc., a Florida
state-chartered holding company with $168.5 million in total
assets
•
No additional capital required to complete the transaction
•
Acquired branches will operate as Centennial Bank, a
wholly-owned subsidiary of Home BancShares, Inc.
•
Proceeds from transaction between $33.06 million and
$33.96 million
–
90% HOMB Common Stock
–
10% Cash
•
Purchase price includes conversion of Broward stock
warrants into $3.0 million of Broward common equity
–
Priced between 1.645 and 1.649 of pro forma tangible common
equity as of June 30, 2014
3 |
 •
Additive to current South Florida footprint
–
Expands into the southeast coast of Florida
•
Financially attractive transaction –
immediately accretive to:
–
Net income
–
Earnings per share
–
Book value
–
Tangible book value
•
Addition of experienced Southeast Florida
bankers to the Centennial Bank team
4 |
 •
2 full service locations in Fort Lauderdale, Florida
•
Broward Bank has recently been ranked 12
th
in the “DepositAccounts.com
Top 200 Healthiest Banks 2014”.
Note: Core deposits defined as total deposits less time deposits greater than
$100K; Shown as Broward Bank of Commerce. (’09YE-’14MRQ)
5
Core Deposits ($mm)
$0
$20
$40
$60
$80
$100
'09YE
'10YE
'11YE
'12YE
'13YE
'14MRQ
$39
$68
$73
$95
$93
$100 |
  Rank
Institution
Branches
Deposits
($mm)
Dep/Branch
($mm)
Market
Share
1
BANK OF AMERICA CORPORATION
73
10,305,955
$
141,177
$
24.7%
2
WELLS FARGO & COMPANY
74
7,979,329
107,829
19.1%
3
JPMORGAN CHASE & CO.
49
2,877,219
58,719
6.9%
4
CITIGROUP INC.
15
2,837,281
189,152
6.8%
5
SUNTRUST BANKS, INC.
36
2,607,879
72,441
6.2%
6
BB&T CORPORATION
41
2,303,376
56,180
5.5%
7
BANKUNITED, INC.
22
1,645,838
74,811
3.9%
8
HSBC HOLDINGS PLC
4
1,176,432
294,108
2.8%
9
NEW YORK COMMUNITY BANCORP, INC.
8
1,155,598
144,450
2.8%
10
FIRST BANCORP
4
1,142,091
285,523
2.7%
HOME BANCSHARES, INC. - PRO-FORMA
2
126,170
63,085
0.3%
30
BROWARD FINANCIAL HOLDINGS, INC.
2
126,170
63,085
0.3%
•
Broward is ranked 30
th
with aggregate market share of 0.30% in Broward County
(1) Deposit market share as of 6/30/13
6
Deposit Market Share of Top 10 Holding Companies in Broward County
(1) |
 Note:
Dollars in Millions 7
HOMB
Florida
Traditions
HOMB –
Pro-Forma
Transaction Accounts
Money Market & Savings
Jumbo Time Deposits
Retail Time Deposits
12%
13%
18%
57%
16%
37%
10%
37%
12%
13%
20%
55%
6%
23%
27%
44%
Broward
Bank
HOMB
6/30/2014
Acquired
FL Traditions
Deposits
6/30/2014
Acquired
Broward
Deposits
6/30/2014
HOMB
Pro-Forma
Transaction Accounts
$
2,947
$ 102
$
$ 3,082
Money
Market & Savings
932
101
64
1,097
Retail Time Deposits
616
27
39
682
Jumbo Time Deposits
697
43
8
748
$ 5,192
$ 273
$
$ 5,609
33
144 |
 Note:
Dollars in Millions (1)
Includes Agriculture
(2)
Before loan discounts
8
Loan Type
HOMB
(6/30/14)
Acquired
Traditions
Loans
(2)
(6/30/14)
Acquired
Broward
Loans
(2)
(6/30/14)
HOMB
Pro-forma
Total
% of
Pro-forma
Total
Loans
Commercial RE
(Non-farm/non-residential & agriculture)
$ 1,906
$ 149
$ 55
$
Construction/Land
Development
648
25
10
683
14.4%
Residential Real Estate
1,207
31
26
1,264
26.5%
Commercial & Industrial
(1)
512
49
19
580
12.2%
Consumer
56
2
1
59
1.2%
Other
67
-
-
67
1.4%
Total
$ 4,396 $ 256
$ 111
4,763 $
100.0%
44.3%
2,110 |
 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
$307
2014
Broward Financial Holdings, Inc.
Market
Ft. Lauderdale, FL
$169 |
 10
Note: Pro-forma map as of July 2014
ARKANSAS
83 Branches
ALABAMA
7 Branches
Panhandle
29 Branches
FLORIDA
17 Branches
FLORIDA
4 Branches
FLORIDA
9 Branches
South
Central
Southwest
Keys
FLORIDA
Branch Locations (151)
FLORIDA
2 Branches
Southeast |
 Note:
Map as of July 2014 11
Branch Locations
Mountain View (2)
Searcy (3)
Beebe (2)
Ward
Cabot (5)
Jacksonville (3)
Sherwood
Greenbrier
Vilonia
Conway (7)
Mayflower
Maumelle
Little Rock (8)
Bryant
Quitman
Fordyce
North Little Rock (5)
Morrilton
Heber Springs
ARKANSAS
Jonesboro (7)
Batesville (2)
Highland
Monette
Mountain Home (2)
Paragould (3)
Rector
Bentonville
Fayetteville (2)
Fort Smith (3)
Rogers
Siloam Springs (2)
Springdale
Tontitown
Atkins
Clarksville
Dardanelle (2)
Russellville (3)
Pottsville
Van Buren
Branch Locations (83) |
 Note:
Map as of July 2014 12
Eastpoint
Apalachicola
Carrabelle
Port St. Joe
Lynn Haven
Panama City
St. George Island
Panama City Beach (2)
Mexico Beach
Southport
Blountstown
Bristol
Tallahassee (6)
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 (36) |
 Note:
Map as of July 2014 13
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) |
 Note:
Pro-forma map as of July 2014 14
FLORIDA
Port Charlotte
Punta Gorda
Marco Island
Key Largo
Islamorada
Marathon (2)
Big Pine
Key West (3)
Summerland
Eastpoint
Apalachicola
Carrabelle
Port St. Joe
Lynn Haven
Panama City
St. George Island
Panama City Beach (2)
Mexico Beach
Southport
Blountstown
Bristol
Tallahassee (6)
Navarre
Wewahitchka
Destin
Quincy
Crawfordville
Existing Branch Locations (59)
St. Marks
Pensacola (2)
Santa Rosa
Beach (2)
Orlando (2)
Winter Park
Clermont
Lutz
Wesley Chapel
Tampa
Lake Mary
Longwood
Kissimmee
St. Cloud
Zephyrhills
Dade City
Plant City
Lakeland
Winter Haven
Spring Hill
Ft. Lauderdale (2)
Broward Branch Locations (2)
Naples |
 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 |
 |