KBW Winter Financial Services Symposium
|
|
- Debra Wade
- 5 years ago
- Views:
Transcription
1 KBW Winter Financial Services Symposium Richard P. Smith President & Chief Executive Officer John S. Fleshood EVP & Chief Operating Officer
2 SAFE HARBOR STATEMENT The statements contained herein that are not historical facts are forward-looking statements based on management's current expectations and beliefs concerning future developments and their potential effects on the Company. Such statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond our control. There can be no assurance that future developments affecting us will be the same as those anticipated by management. We caution readers that a number of important factors could cause actual results to differ materially from those expressed in, or implied or projected by, such forward-looking statements. These risks and uncertainties include, but are not limited to, the following: the strength of the United States economy in general and the strength of the local economies in which we conduct operations; the effects of, and changes in, trade, monetary and fiscal policies and laws, including interest rate policies of the Board of Governors of the Federal Reserve System; inflation, interest rate, market and monetary fluctuations; the impact of changes in financial services policies, laws and regulations; technological changes; mergers and acquisitions; changes in the level of our nonperforming assets and charge-offs; any deterioration in values of California real estate, both residential and commercial; the effect of changes in accounting standards and practices; possible other-than-temporary impairment of securities held by us; changes in consumer spending, borrowing and savings habits; our ability to attract deposits and other sources of liquidity; changes in the financial performance and/or condition of our borrowers; the impact of competition from other financial service providers; the possibility that any of the anticipated benefits of our recent merger with FNBB will not be realized or will not be realized within the expected time period, or that integration of FNBB s operations will be more costly or difficult than expected; the challenges of integrating and retaining key employees; unanticipated regulatory or judicial proceedings; the costs and effects of litigation and of unexpected or adverse outcomes in such litigation; and our ability to manage the risks involved in the foregoing. Additional factors that could cause results to differ materially from those described above can be found in our Annual Report on Form 10-K for the year ended December 31, 2017, which is on file with the Securities and Exchange Commission (the SEC ) and available in the Investor Relations section of our website, and in other documents we file with the SEC. Annualized, pro forma, projections and estimates are not forecasts and may not reflect actual results. 2
3 AGENDA Most Recent Quarter Recap Company Overview Lending Overview Deposit Overview Financials 3
4 MOST RECENT QUARTER HIGHLIGHTS Q return on average assets of 1.47% versus 1.05% linked quarter. Loans to deposits ratio of 75% in Q4 2018, down slightly from 79% in Q3 Robust Earnings Net Interest Margin increased 14 bps versus Q and 20 bps versus Industry Leading Net Interest Q Net Interest Income grew 23.2% on an annualized linked quarter basis Margin versus prior quarter. Yield on loans increased by 26 basis points linked quarter and 35 basis points versus prior year. Revenue growth and operating expense management resulted in improvement in the efficiency ratio to 59.1% for Q4 compared to 65.2% Low Efficiency Ratio in the prior quarter and 66.1% for the prior year. Average cost of total deposits rose 4 bps versus the prior quarter to 0.20%. Profitable Deposit Base Total deposits grew 21.5% on an annualized linked quarter basis, with non-interest bearing demand deposits comprising 33% of total deposits. Tangible capital consistent at 9.5%. Common dividend increased to $0.19 during Q4 2018, and 11.8% Strong Capital Levels increase over Q
5 COMPANY OVERVIEW 5
6 COMPANY OVERVIEW Asset Size: $6.4 Billion Founded: 1975 Deposits: $5.4 Billion Loans (net): $4.0 Billion Bank Branches: 79 ATMs: Market Area: 99 TriCo currently serves 29 counties throughout Northern and Central California. These counties represent over 30% of California s population. 6
7 COMPANY OVERVIEW Nasdaq: TCBK Stock Price*: $37.76 Market Capitalization: $1.15 billion Price to Book stated: Price to TBVPS 1.4x 2.00x Rank (Total Assets) among CA Publicly Traded Banks: 12 (Source: SNL Financial) *as of 02/08/2019 COB 7
8 EXECUTIVE TEAM 8 Rick Smith President & CEO TriCo since 1993 John Fleshood EVP Chief Operating Officer TriCo since 2016 Peter Wiese EVP Chief Financial Officer TriCo since 2018 Craig Carney EVP Chief Credit Officer TriCo since 1996 Richard O Sullivan EVP Chief Commercial Lending Officer TriCo since 1984 Dan Bailey EVP Chief Retail Banking Officer TriCo since 2007
9 CONSISTENT EARNINGS TRACK RECORD $24 $0.80 $22 $0.70 $20 $0.60 $16 $0.50 $14 $0.40 $12 $0.30 $10 $8 $0.20 $6 $0.10 $4 $2 9 Q Q Q Q Q Q Q Q Q Q Earnings $12.2 $12.5 $12.1 $13.6 $11.9 $3.0 $13.9 $15.0 $16.2 $23.2 E.P.S. (Diluted) $0.53 $0.54 $0.52 $0.58 $0.51 $0.13 $0.60 $0.65 $0.53 $0.76 $0.00 E.P.S (Diluted) Earnings (in Millions) $18
10 DILUTED EARNINGS PER SHARE $3.00 $2.50 $0.76 $2.00 $1.50 $1.00 $0.32 $0.45 $0.39 $0.50 $0.25 $0.50 $0.30 $0.53 $ $- $0.53 $0.55 $0.13 $0.51 $0.58 $0.53 $0.65 $0.49 $0.41 $0.36 $0.46 $0.52 $ Q1 10 $0.54 $0.50 Q2 Q3 Q4
11 CONSISTENT ORGANIC GROWTH AND DISCIPLINED ACQUIRER CAGR 5 yrs. 18.3% 10 yrs. 12.0% 11 *Total Assets for years ending
12 WHAT KEEPS US UP AT NIGHT? 12 Deposit Betas Ability to Increase Loan Yields Interest Rate Risk Aggressive Competitors The Cost of Compliance with New Regulations Dysfunction in Washington
13 LOANS 13
14 CONSISTENT LOAN GROWTH CAGR 5 yrs. 19.7% 10 yrs. 9.9% $4,500,000 $4,000, % 5.62% $3,000, % $2,500, % $2,000, % 5.03% 5.06% Q Q % 5.53% Loan Yield (%) Total Loans (000's) $3,500,000 $1,500,000 $1,000,000 $500,000 $ Total Loans 2017 Loan Yield *Note: Q includes acquisition of FNB Bancorp (Loan Yield was 5.04%) 14 Q Q4 2018
15 LOAN PORTFOLIO MIX: CRE - Non-Owner Occupied $1,459,050 36% Junior Lien Closed-End Loans Consumer Loans Agri. Production $40,713 $47,925 $25,838 1% 1% 1% Farmland $128,995 3% CRE - Owner Occupied $537,062 13% 1st Lien Closed-End Loans $528,474 13% 15 CRE - Multifamily $485,024 12% Revolving LOC $330,132 8% Total Construction $184,333 5% Commercial & Industrial $263,094 7%
16 DIVERSIFIED CRE & CONSTRUCTION PORTFOLIO Restaurant, $48,347,000 Mini Storage, $92,576,000 Warehouse, $286,140,000 Retail Building, $427,452,000 Multifamily Residence, $538,303, Gas Station /Convenience, $79,623,000 SFR (14/Condo), $19,529,000 Hospitality, $247,796,000 All Other, $371,615,000 Office Building, $555,150,000 Property Type Loan Size Avg. Loan Amount Office Building $769,000 Multifamily Residence $1,092,000 Retail Building $786,000 Warehouse $705,000 Hospitality $2,503,000 Mini Storage $1,624,000 Gas Station /Convenience $959,000 Restaurant $488,000 SFR (1-4/Condo) $814,000 All Other $527,000
17 CONSERVATIVE CONSTRUCTION AND CRE UNDERWRITING CULTURE LTV DISTRIBUTION 35% 30% 30% % of Portfolio 25% Avg. Loan Amount <50% $637,000 51%-60% $959,000 61%-65% $1,176,000 66%-70% $898,000 71%-75% $845,000 76%-80% $706,000 81%-90% $906,000 >90% $780,000 23% 20% 16% 15% 15% 10% 10% 5% 3% 0% 17 Loan to Value LTV Range 2% 1%
18 DIVERSIFIED GEOGRAPHY CRE & CONSTRUCTION Principal City Outstanding Balance % of CRERelated Average Loan Amount San Francisco $628,664,000 24% $906,000 Sacramento/Elk Grove $253,822,000 10% $1,203,000 Kern Bakersfield $191,885,000 7% $1,487,000 Butte Chico $157,586,000 6% $461,000 Placer Roseville/Auburn $114,251,000 5% $1,053,000 Shasta Redding $140,287,000 5% $533,000 Stanislaus Modesto $129,068,000 5% $963,000 Fresno Fresno $84,872,000 3% $690,000 Sonoma Sonoma/Santa Rosa $78,781,000 3% $856,000 Nevada Truckee $78,158,000 3% $511,000 N.A. $779,170,000 29% $817,000 TOTAL $2,666,533,000 AVG. $825,000 County Bay Area Sacramento 17 Other Counties 18
19 NON-PERFORMING ASSETS & NET CHARGE OFFS 0.50% 2.50% 0.40% 2.00% 0.30% 0.23% 1.50% 1.34% Net Charge Offs Non-Performing Assets as % of Total Assets 2.17% 1.01% 1.00% 0.53% 0.50% 0.58% 0.55% 0.20% 0.10% 0.08% 0.04% 0.00% % -0.10% 0.00% % % %
20 HOME EQUITY LOANS OUTSTANDING $400,000 $383,898 $390,000 $380,000 Loans (000 s) $370,000 $363,260 $362,854 $354,454 $360,000 $350,000 $340,000 $331,537 $331,719 $330,000 $320,000 $310,000 $300,
21 DEPOSITS 21
22 CONSISTENT AND BALANCED CORE DEPOSIT FUNDING* Time Deposits 9% Savings 36% Wtd. Avg. Rate 1.03% Wtd. Avg. Rate 0.24% Non Interest Bearing 33% Interest Demand 23% Wtd. Avg. Rate 0.09% *Weighted average costs of deposits for the quarter ended 12/31/
23 MARKET SHARE OF ALL BRANCHES SORTED BY ZIP CODE Rank Institution Name Charter Deposits ($000) Market Share 1 U.S. Bank National Association OH Federal 9,893, % 2 Wells Fargo & Company SD Federal 8,782, % NC Federal 6,017, % CA State 3,881, % Wtd. Avg. Rate 0.92% 3 Bank of America, National Association 4 Tri Counties Bank 5 JP Morgan Chase Bank, National Association OH Federal 2,994, % 6 MUFG Union Bank, National Association CA Federal 2,177, % 7 Bank of the West CA State 1,832, % 8 Umpqua Bank CA State 1,636, % Wtd. Avg. Rate 0.18% Wtd. Avg. Rate 0.09% Source: FDIC Summary of Deposits, June 2018 *Includes acquisition of FNB Bancorp July State (Hdqtrd)
24 CONSISTENT DEPOSIT GROWTH ATTRACTIVE COST CAGR 5 yrs. 17.4% 10 yrs. 12.4% $6,000, % 0.40% $4,000, % $3,000,000 $2,000, % 0.12% $1,000,000 $0 0.16% Total Deposits % 0.11% 0.09% % 0.12% 0.10% 0.10% 0.20% Q Q Cost of Deposits *Note: Q includes acquisition of FNB Bancorp (Deposit cost of 0.28%) Q3 2018* Q % Total Cost of Deposits Total Deposits (000 s) $5,000,000
25 FINANCIALS 25
26 NET INTEREST MARGIN CONTRIBUTION FROM DISCOUNT ACCRETION 5.00% 0.10% 0.09% 0.10% 0.11% 0.15% 0.12% 0.16% 4.00% 3.00% 4.39% 4.23% 4.22% 4.14% 4.14% 4.32% 4.46% Q Q Q Q % 1.00% Effect of Loan Discount Accretion 26 Net Interest Margin
27 RETURN ON AVERAGE ASSETS 1.47% 1.40% 1.20% 1.11% 1.04% 1.00% 1.17% 1.25% 1.05% 1.03% 0.89% 0.87% 0.80% 0.60% 0.40% 0.20% 0.00% Q Q Q Q4 2018
28 RETURN ON AVERAGE SHAREHOLDER S EQUITY 12.00% 11.34% 11.00% 10.04% 10.00% 8.67% 9.47% 11.78% 11.40% 9.11% 8.10% 8.00% 6.00% 4.00% 2.00% Q Q Q Q4 2018
29 EFFICIENCY RATIO (FULLY TAXABLE EQUIVALENT) 75.0% 70.0% 72.9% 67.9% 67.3% 65.5% 64.7% 65.0% 66.3% 65.2% 65.2% 59.1% 60.0% 55.0% 50.0% Q Q Q Q4 2018
30 DIVIDENDS PAID $0.70 $0.60 $0.15 $0.50 $0.15 $0.40 $0.11 $0.30 $0.11 $0.20 $0.00 Annual Dividends 30 $0.11 $0.15 $0.17 $0.13 $0.15 $0.17 $0.19 $0.17 $0.17 $0.11 $0.13 $0.09 $0.11 $0.11 $0.15 $0.15 $ $0.44 $0.52 $0.60 $0.66 $0.70 $0.11 $0.10 $0.11 $0.17 $0.42
31 CAPITAL RATIOS ($000 S) 16.0% 14.0% 14.8% 13.5% 15.7% 15.1% 14.4% 14.8% 13.7% 13.8% 12.2% 12.2% 11.7% 12.0% 10.0% 9.2% 9.1% 8.6% 13.2% 14.1% 14.4% 13.7% 12.5% 9.5% 9.3% 9.1% 8.0% 6.0% 4.0% 2.0% 0.0% Common Equity Tier Tier Total Risk Based 2017 Tangible Common Q4 2018
32 TRICO BANCSHARES IS COMMITTED TO: 32 Improving the financial success and well-being of our shareholders, customers, communities and employees.
Piper Jaffray Western Banking Symposium
Western Banking Symposium November 8, 2018 Richard P. Smith President & Chief Executive Officer Peter G. Wiese EVP Chief Financial Officer SAFE HARBOR STATEMENT Certain statements contained herein that
More informationRaymond James US Bank Conference
September 5, 2018 Richard P. Smith President & CEO John S. Fleshood Executive Vice President & COO SAFE HARBOR STATEMENT Statements contained herein that are not historical facts are forward-looking statements
More informationRichard P. Smith, President & CEO 2017 Annual Meeting of Shareholders Presentation
Richard P. Smith, President & CEO 2017 Annual Meeting of Shareholders Presentation May 23, 2017 SAFE HARBOR STATEMENT Certain comments included in this presentation may involve forwardlooking statements,
More informationRaymond James & Associates, Inc. SF Institutional Investor Meeting
Richard P. Smith, President & CEO Raymond James & Associates, Inc. SF Institutional Investor Meeting May 2, 2017 SAFE HARBOR STATEMENT Certain comments included in this presentation may involve forwardlooking
More information2016 Community Bank Conference
Richard P. Smith, President & CEO Raymond James 2016 Community Bank Conference September 6, 2016 SAFE HARBOR STATEMENT Certain comments included in this presentation may involve forwardlooking statements,
More informationTRICO BANCSHARES Annual Meeting of Shareholders
TRICO BANCSHARES Annual Meeting of Shareholders May 22, 2018 Richard P. Smith President & CEO SAFE HARBOR STATEMENT Certain comments included in this presentation may involve forward-looking statements,
More informationRichard P. Smith, President & CEO. FIG Partners West Coast Bank CEO Forum San Francisco, CA
Richard P. Smith, President & CEO FIG Partners West Coast Bank CEO Forum San Francisco, CA February 4/5, 2015 SAFE HARBOR STATEMENT Certain comments included in this presentation may involve forwardlooking
More informationSandler O Neill + Partners West Coast Financial Services Conference
Sandler O Neill + Partners West Coast Financial Services Conference Richard P. Smith President & CEO John S. Fleshood Executive Vice President & COO March 6, 2018 SAFE HARBOR STATEMENT Certain comments
More informationPRESS RELEASE Contact: Richard P. Smith For Immediate Release President & CEO (530) TRICO BANCSHARES ANNOUNCES QUARTERLY RESULTS
PRESS RELEASE Contact: Richard P. Smith For Immediate Release President & CEO (530) 898-0300 TRICO BANCSHARES ANNOUNCES QUARTERLY RESULTS CHICO, Calif. (October 29, 2018) TriCo Bancshares (NASDAQ: TCBK)
More informationPRESS RELEASE Contact: Richard P. Smith For Immediate Release President & CEO (530) TRICO BANCSHARES ANNOUNCES QUARTERLY AND ANNUAL RESULTS
PRESS RELEASE Contact: Richard P. Smith For Immediate Release President & CEO (530) 898-0300 TRICO BANCSHARES ANNOUNCES QUARTERLY AND ANNUAL RESULTS CHICO,CA (January 29, 2019) TriCo Bancshares (NASDAQ:
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C FORM 8-K
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 8-K Current report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event
More informationPRESS RELEASE Contact: Richard P. Smith For Immediate Release President & CEO (530) TRICO BANCSHARES ANNOUNCES QUARTERLY AND ANNUAL RESULTS
PRESS RELEASE Contact: Richard P. Smith For Immediate Release President & CEO (530) 898-0300 TRICO BANCSHARES ANNOUNCES QUARTERLY AND ANNUAL RESULTS CHICO, Calif. (January 30, 2018) TriCo Bancshares (NASDAQ:
More informationMerger with North Valley Bancorp
Merger with North Valley Bancorp Creating the Premier Community Bank in Northern California Investor Presentation January 21, 2014 NASDAQ: TCBK NASDAQ: NOVB Safe Harbor Statement Certain comments included
More informationAcquisition of FNB Bancorp Milestone Transaction Building Northern California s Premier Community Bank
Acquisition of FNB Bancorp Milestone Transaction Building Northern California s Premier Community Bank Investor Presentation December 11, 2017 Service With Solutions TM SAFE HARBOR STATEMENT Forward Looking
More informationPRESS RELEASE Contact: Richard P. Smith For Immediate Release President & CEO (530) TRICO BANCSHARES ANNOUNCES QUARTERLY RESULTS
PRESS RELEASE Contact: Richard P. Smith For Immediate Release President & CEO (530) 898-0300 TRICO BANCSHARES ANNOUNCES QUARTERLY RESULTS CHICO, Calif. (January 28, 2016) TriCo Bancshares (NASDAQ: TCBK)
More informationPRESS RELEASE Contact: Richard P. Smith For Immediate Release President & CEO (530) TRICO BANCSHARES ANNOUNCES QUARTERLY AND YEAR END RESULTS
PRESS RELEASE Contact: Richard P. Smith For Immediate Release President & CEO (530) 898-0300 TRICO BANCSHARES ANNOUNCES QUARTERLY AND YEAR END RESULTS CHICO, Calif. (January 30, 2015) TriCo Bancshares
More informationChico Born and Bred. The Chico Rotary Club. Presented by: Richard P. Smith December for
Chico Born and Bred for The Chico Rotary Club Presented by: Richard P. Smith 1 12 December 2017 December 12, 2017 1 Overview Asset Size: $4.7 Billion Location: Chico, CA Founded: 1975 Deposits: $3.9 Billion
More informationPRESS RELEASE Contact: Richard P. Smith For Immediate Release President & CEO (530) TRICO BANCSHARES ANNOUNCES QUARTERLY RESULTS
PRESS RELEASE Contact: Richard P. Smith For Immediate Release President & CEO (530) 898-0300 TRICO BANCSHARES ANNOUNCES QUARTERLY RESULTS CHICO, Calif. (April 29, 2014) TriCo Bancshares (NASDAQ: TCBK)
More informationRichard P. Smith (530) TriCo Bancshares and North Valley Bancorp Announce Agreement to Merge
Press Release For Immediate Release Contacts: Richard P. Smith President & CEO of TriCo Bancshares (530) 898-0300 Michael J. Cushman President & CEO of North Valley Bancorp (530) 221-4018 TriCo Bancshares
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C FORM 10-Q
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended:
More informationPRESS RELEASE Contact: Richard P. Smith For Immediate Release President & CEO (530) TRICO BANCSHARES ANNOUNCES QUARTERLY RESULTS
PRESS RELEASE Contact: Richard P. Smith For Immediate Release President & CEO (530) 898-0300 TRICO BANCSHARES ANNOUNCES QUARTERLY RESULTS CHICO, Calif. (July 28, 2016) TriCo Bancshares (NASDAQ: TCBK) (the
More informationCUSTOMERS BANCORP ANNOUNCES OPERATING RESULTS FOR Q3 2012
Customers Bancorp, Inc. SM 1015 Penn Avenue Wyomissing, PA 19610 Contacts: Jay Sidhu, Chairman & CEO 610-935-8693 Richard Ehst, President & COO 610-917-3263 Investor Contact: James Hogan, CFO 484-359-7113
More informationPRESS RELEASE Contact: Richard P. Smith For Immediate Release President & CEO (530) TRICO BANCSHARES ANNOUNCES QUARTERLY RESULTS
PRESS RELEASE Contact: Richard P. Smith For Immediate Release President & CEO (530) 898-0300 TRICO BANCSHARES ANNOUNCES QUARTERLY RESULTS CHICO, Calif. (October 26, 2016) TriCo Bancshares (NASDAQ: TCBK)
More informationOTCQX Virtual Investor Conference. March 15 th, 2017
OTCQX Virtual Investor Conference March 15 th, 2017 Forward Looking Statements Except for the historical information in this presentation, the matters described herein contain forward- looking statements
More informationSanford C. Bernstein Conference
Sanford C. Bernstein Conference May 29, 2008 John Stumpf President and CEO Forward-Looking Statements This presentation may include forward-looking statements about Wells Fargo. Broadly speaking, forward-looking
More informationCautionary Note: Forward Looking Statements
1 Cautionary Note: Forward Looking Statements This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements relate to
More informationPacific Continental Corporation to Acquire Foundation Bancorp, Inc.
1 Pacific Continental Corporation to Acquire Foundation Bancorp, Inc. Expanding PCBK s presence in the attractive Seattle metropolitan area Investor Presentation April 26, 2016 Pacific Continental Corporation
More informationBuilding Value at Banner. Strategic Merger with AmericanWest Bank Investor Presentation November 6, 2014
Strategic Merger with AmericanWest Bank Investor Presentation November 6, 2014 Safe Harbor Page When used in this press release and in other documents filed with or furnished to the Securities and Exchange
More informationAcquisition of FC Banc Corp.
NASDAQ: CCNE Acquisition of FC Banc Corp. OTCQB: FCBZ March 27, 2013 IMPORTANT INFORMATION FOR INVESTORS This communication shall not constitute an offer to sell or the solicitation of an offer to sell
More informationThird Quarter 2018 Earnings Release Presentation
Third Quarter 2018 Earnings Release Presentation October 23, 2018 RAISING STANDARDS TOGETHER Safe Harbor Statement From time to time, our comments and releases may contain forward-looking statements within
More informationExecuting On Our Unique Higher Performing Banking Model
Executing On Our Unique Higher Performing Banking Model Q4 2018 Investor Presentation January, 2019 NYSE: CUBI Member FDIC Investment Proposition Highly Focused, Innovative, Relationship Banking Based
More informationUMPQUA REPORTS QUARTERLY AND ANNUAL RESULTS
Contacts: Ron Farnsworth Bradley Howes EVP/Chief Financial Officer SVP/Director of Investor Relations 503-727-4108 503-727-4226 ronfarnsworth@umpquabank.com bradhowes@umpquabank.com UMPQUA REPORTS QUARTERLY
More informationMeta Financial Group, Inc. Transformational Merger with Crestmark Bancorp, Inc. Investor Presentation January 9, 2018
Meta Financial Group, Inc. Transformational Merger with Crestmark Bancorp, Inc. Investor Presentation January 9, 2018 Forward-Looking Statements Meta Financial Group, Inc. (the Company or Meta ) and its
More informationRick Waugh President & Chief Executive Officer
Rick Waugh President & Chief Executive Officer Delivering Strong Performance in a Challenging Environment Morgan Stanley Financial Conference February 2-3, 2010 Why Invest in Scotiabank? Strength of Canada
More informationLakeland Financial Reports Record Performance Second Quarter Net Income Increases 31%
NEWS FROM LAKELAND FINANCIAL CORPORATION FOR IMMEDIATE RELEASE Contact Lisa M. O Neill Executive Vice President and Chief Financial Officer (574) 267 9125 lisa.oneill@lakecitybank.com Lakeland Financial
More informationto my fellow shareholders,
2012 annual report 3 UMPQUA HOLDINGS CORPORATION to my fellow shareholders, I m pleased to report that in a year in which the national economy remained sluggish, your company performed well. In 2012, Umpqua
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C FORM 10-Q
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended:
More informationGoldman Sachs. U.S. Financial Services Conference Richard K. Davis Chairman, President and CEO
Goldman Sachs U.S. Financial Services Conference 2008 Richard K. Davis Chairman, President and CEO December 11, 2008 Forward-looking Statements 2 The following information appears in accordance with the
More informationOTCQX: CABC. Terry Peterson President & CEO. FIG Partners West Coast Bank CEO Forum Symbol: CABC February 1 and 2, 2017 Los Angeles
OTCQX: CABC Terry Peterson President & CEO FIG Partners West Coast Bank CEO Forum Symbol: CABC February 1 and 2, 2017 Los Angeles Forward-Looking Statements During the course of the presentation and any
More informationQuarterly Investor Update Fourth Quarter and Fiscal Year End Fourth Quarter & Fiscal Year End 2018 NASDAQ: CASH
Quarterly Investor Update Fourth Quarter and Fiscal Year End 2018 Forward Looking Statements Meta Financial Group, Inc. (the Company ) and its wholly-owned subsidiary, MetaBank (the Bank ), may from time
More informationFOR IMMEDIATE RELEASE CONTACT: Debbie Nalchajian-Cohen (559) or (559) cell Robert Flautt, Folsom Lake Bank (916)
FOR IMMEDIATE RELEASE CONTACT: Debbie Nalchajian-Cohen (559) 222-1322 or (559) 281-1312 cell Robert Flautt, Folsom Lake Bank (916) 235-4570 CENTRAL VALLEY COMMUNITY BANCORP TO ACQUIRE FOLSOM LAKE BANK
More informationExecuting On Our Unique Higher Performing Banking Model
Executing On Our Unique Higher Performing Banking Model Q3 Earnings Call Investor Presentation October, 2018 NYSE: CUBI Member FDIC Strategic Priorities 1) Create shareholder value through improved profitability
More informationIndependent Bank Group Reports Third Quarter Financial Results
Press Release For Immediate Release Independent Bank Group Reports Third Quarter Financial Results McKINNEY, Texas, October 28, 2014 /GlobeNewswire/ -- Independent Bank Group, Inc. (NASDAQ: IBTX), the
More information2017 Annual Meeting of Shareholders May 22, 2017
2017 Annual Meeting of Shareholders May 22, 2017 Safe harbor statement When used in filings by LegacyTexas Financial Group, Inc. (the "Company ) with the Securities and Exchange Commission (the SEC ),
More informationFourth Quarter and Full Year 2016 Investor Presentation. January 25, 2017
Fourth Quarter and Full Year 2016 Investor Presentation January 25, 2017 FOURTH QUARTER AND FY 2016 Safe harbor statement When used in filings by LegacyTexas Financial Group, Inc. (the "Company ) with
More informationBroad Branch Network Delivering Superior Funding. A network of over 150 branches throughout the Northwest
NASDAQ:COLB This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which can be identified by words such as may, expected, anticipate,
More informationStrategic Acquisition of First American International Corp.
Strategic Acquisition of First American International Corp. NASDAQ: RBB April 23, 2018 Forward-Looking Statements Certain matters set forth herein (including the exhibits hereto) constitute forward-looking
More informationU.S. Bank Acquires. Downey Savings & Loan PFF Bank & Trust. in FDIC Assisted Transaction
U.S. Bank Acquires Downey Savings & Loan PFF Bank & Trust in FDIC Assisted Transaction November 21, 2008 Forward-looking Statements 2 The following information appears in accordance with the Private Securities
More informationFourth Quarter 2015 NASDAQ: COLB
Fourth Quarter 2015 NASDAQ: COLB Cautionary Note: Forward Looking Statements This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of
More informationMarshall & Ilsley Corporation Credit Quality Third Quarter 2008
Credit Quality Third Quarter 2008 Forward-looking statements This presentation contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation
More informationRaymond James U.S. Bank Conference September 6, 2017
Raymond James U.S. Bank Conference September 6, 2017 FORWARD-LOOKING STATEMENTS This presentation contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private
More informationAcquisition of Sunshine Financial, Inc. by The First Bancshares, Inc. December 6, 2017
Acquisition of Sunshine Financial, Inc. by The First Bancshares, Inc. December 6, 2017 Safe Harbor ABOUT THE FIRST BANCSHARES, INC.: The First Bancshares, Inc. ( FBMS or the Company ), headquartered in
More informationCUSTOMERS BANCORP REPORTS FOURTH QUARTER 2017 NET INCOME OF $18.0 MILLION; DILUTED EPS OF $0.55
Customers Bancorp 1015 Penn Avenue Wyomissing, PA 19610 Contacts: Jay Sidhu, Chairman & CEO 610-935-8693 Robert Wahlman, CFO 610-743-8074 Bob Ramsey, Director of Investor Relations and Strategic Planning
More informationUMPQUA HOLDINGS CORPORATION. 4 th Quarter 2017 Earnings Conference Call Presentation
UMPQUA HOLDINGS CORPORATION 4 th Quarter 2017 Earnings Conference Call Presentation January 24, 2018 Forward-looking Statements This presentation includes forward-looking statements within the meaning
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C FORM 10-Q
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended:
More informationExpanding retail banking in higher growth markets
Royal Bank of Canada (RY) to acquire Centura Banks, Inc. () Expanding retail banking in higher growth markets Highlights for the investment community January 26, 2001 This presentation contains forward-looking
More informationRBC Capital Markets Canadian Financial Services CEO Conference 2004 January 21, Rick Waugh, President and CEO
RBC Capital Markets Canadian Financial Services CEO Conference 2004 January 21, 2004 Rick Waugh, President and CEO Record of consistent earnings growth Net income, $ millions 2500 2000 10-YEAR CAGR = 13.2%
More informationNYSE BBX. November 2008
November 2008 Prepared: November 3, 2008 BANKATLANTIC BANCORP (NYSE:) September 30, 2008 Assets Equity Capital Tangible Book Value/Share Share Price Price to Tangible Book $6.2 Billion $400 Million $29.47
More informationThird Quarter 2017 Earnings Presentation. October 24, 2017
Third Quarter 207 Earnings Presentation October 24, 207 Forward looking statements This presentation contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities
More informationMarshall & Ilsley Corporation Credit Quality Fourth Quarter 2008
Credit Quality Fourth Quarter 2008 Forward-looking statements This presentation contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation
More informationRaymond James Texas Bank Tour November David Brooks, Chairman, CEO and President Michelle Hickox, EVP and CFO
Raymond James Texas Bank Tour November 2017 David Brooks, Chairman, CEO and President Michelle Hickox, EVP and CFO Safe Harbor Statement From time to time, our comments and releases may contain forward-looking
More informationInvestor Presentation
Investor Presentation FIRST QUARTER 2017 February 28, 2017 Caution Regarding Forward-Looking Statements Our public communications often include oral or written forward-looking statements. Statements of
More informationFIG Investor Conference
FIG Investor Conference January 31st, 2018 Mr. Ciaran McMullan President & CEO Mr. Peter Nutz Chief Credit Officer Where Local Matters Forward Looking Statements Except for the historical information in
More informationLakeland Financial Reports Record First Quarter Performance Net Income Increases 26% and Dividend Increases 18%
NEWS FROM LAKELAND FINANCIAL CORPORATION FOR IMMEDIATE RELEASE Contact Lisa M. O Neill Executive Vice President and Chief Financial Officer (574) 267 9125 lisa.oneill@lakecitybank.com Lakeland Financial
More informationHUNTINGTON BANCSHARES INCORPORATED
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event
More informationFourth Quarter and Full Year 2017 Investor Presentation. January 24, 2018
Fourth Quarter and Full Year 2017 Investor Presentation January 24, 2018 FOURTH QUARTER AND FY 2017 Safe harbor statement When used in filings by LegacyTexas Financial Group, Inc. (the "Company ) with
More informationAcquisition of FVNB Corp. July 1, 2013
Acquisition of FVNB Corp. July 1, 2013 Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 Statements contained in this presentation which are not historical facts and which
More information1s Century Bank 1st 1 Century Bank Bank
Safe Harbor Certain matters discussed in this presentation may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can find many (but not
More informationdear fellow shareholders,
2013 annual report dear fellow shareholders, 2013 was a landmark year for Umpqua Holdings. We celebrated Umpqua Bank s 60th anniversary and the investments and actions taken over the last few years delivered
More information24th Annual Roth Capital Conference. March 12, Greg Garrabrants President and Chief Executive Officer
24th Annual Roth Capital Conference March 12, 2012 Greg Garrabrants President and Chief Executive Officer Safe Harbor This presentation contains forward-looking statements within the meaning of the Private
More informationContinued Rapid Growth for Tennessee s Premier Financial Services Franchise. Terry Turner, President and CEO Harold Carpenter, CFO March 2009
Continued Rapid Growth for Tennessee s Premier Financial Services Franchise Terry Turner, President and CEO Harold Carpenter, CFO March 2009 Safe Harbor Statements Forward-looking statements Pinnacle Financial
More informationHorizon Bancorp Announces Record Quarterly Earnings
Contact: Mark E. Secor Chief Financial Officer Phone: (219) 873-2611 Fax: (219) 874-9280 Date: April 25, 2018 FOR IMMEDIATE RELEASE Horizon Bancorp Announces Record Quarterly Earnings Michigan City, Indiana
More informationCredit Suisse Financial Services Forum
Credit Suisse Financial Services Forum John Shrewsberry Chief Financial Officer February 9, 2016 2016 Wells Fargo & Company. All rights reserved. Wells Fargo Vision We want to satisfy our customers financial
More informationMETA FINANCIAL GROUP, INC. (Exact name of registrant as specified in its charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event
More informationFOR IMMEDIATE RELEASE. 777 N. Broadway (626) Los Angeles, CA Cathay General Bancorp Announces First Quarter 2019 Results
FOR IMMEDIATE RELEASE For: Cathay General Bancorp Contact: Heng W. Chen 777 N. Broadway (626) 279-3652 Los Angeles, CA 90012 Cathay General Bancorp Announces First Quarter 2019 Results Los Angeles, Calif.,
More informationContinued Growth for Tennessee s Premier Financial Services Franchise
Continued Growth for Tennessee s Premier Financial Services Franchise Harold Carpenter, CFO May 13-14, 2008 Safe Harbor Statements Forward-Looking Statements Pinnacle Financial Partners, Inc. ("Pinnacle
More informationAcquisition of First Connecticut Bancorp, Inc.
Acquisition of First Connecticut Bancorp, Inc. June 9, 208 Forward-Looking Statement This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform
More informationFOR IMMEDIATE RELEASE. 777 N. Broadway (626) Los Angeles, CA Cathay General Bancorp Announces Third Quarter 2018 Results
FOR IMMEDIATE RELEASE For: Cathay General Bancorp Contact: Heng W. Chen 777 N. Broadway (626) 279-3652 Los Angeles, CA 90012 Cathay General Bancorp Announces Third Quarter 2018 Results Los Angeles, Calif.,
More informationCathay General Bancorp Announces Fourth Quarter and Full Year 2017 Results
FOR IMMEDIATE RELEASE For: Cathay General Bancorp Contact: Heng W. Chen 777 N. Broadway (626) 279-3652 Los Angeles, CA 90012 Cathay General Bancorp Announces Fourth Quarter and Full Year 2017 Results Los
More informationBar Harbor Bankshares and Lake Sunapee Bank Group Combine to Create a Leading Northern New England Banking Institution
Bar Harbor Bankshares and Lake Sunapee Bank Group Combine to Create a Leading Northern New England Banking Institution May 5, 2016 Safe Harbor Statement SAFE HARBOR This presentation contains certain forward-looking
More informationInvestor Presentation Third Quarter, August 28, 2007
Investor Presentation Third Quarter, 2007 August 28, 2007 1 Caution Regarding Forward-Looking Statements This document includes forward-looking statements which are made pursuant to the safe harbour provisions
More informationHUNTINGTON BANCSHARES INCORPORATED REPORTS 2018 FIRST QUARTER EARNINGS
FOR IMMEDIATE RELEASE April 24, 2018 Analysts: Mark Muth (mark.muth@huntington.com), 614.480.4720 Media: Matt Samson (matt.b.samson@huntington.com), 312.263.0203 HUNTINGTON BANCSHARES INCORPORATED REPORTS
More informationSecond Quarter INVESTOR PRESENTATION
Second Quarter INVESTOR PRESENTATION Statement Regarding Forward-Looking Information The information disclosed in this document includes various forward-looking statements that are made in reliance upon
More informationV E R I T E X. Acquisition of Sovereign Bancshares, Inc. & Follow-On Equity Capital Raise December 2016
V E R I T E X Acquisition of Sovereign Bancshares, Inc. & Follow-On Equity Capital Raise December 2016 Safe Harbor Statement ABOUT VERITEX HOLDINGS, INC. Headquartered in Dallas, Texas, Veritex Holdings,
More informationDNB Financial Corporation
For further information, please contact: Gerald F. Sopp CFO/Executive Vice-President 484.359.3138 FOR IMMEDIATE RELEASE gsopp@dnbfirst.com (NasdaqCM: DNBF) DNB Financial Corporation Reports Second Quarter
More informationJuly 21, Wells Fargo & Company. All rights reserved.
2Q10 Quarterly Supplement July 21, 2010 2010 Wells Fargo & Company. All rights reserved. Forward-looking statements and additional information Forward-looking statements: This Quarterly Supplement contains
More informationWELLS FARGO REPORTS $5.7 BILLION IN NET INCOME Diluted EPS of $1.01, Up 3 Percent From Prior Year
Media Mary Eshet 704-383-7777 Investors Jim Rowe 415-396-8216 Friday, July 11, WELLS FARGO REPORTS $5.7 BILLION IN NET INCOME Diluted EPS of $1.01, Up 3 Percent From Prior Year Continued strong financial
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION. MUFG Americas Holdings Corporation
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period
More informationInvestor Presentation
Investor Presentation September 2014 Scotiabank Canada s Most International Bank As at Q3, 2014 (C$) Scotiabank Canadian Peer Rank 1 Total Assets $792B 3 rd Market Capitalization $87B 3 rd Q3/14 Net Income
More informationMANAGEMENT S DISCUSSION AND ANALYSIS OF OPERATIONS AND FINANCIAL CONDITION
MANAGEMENT S DISCUSSION AND ANALYSIS OF OPERATIONS AND FINANCIAL CONDITION Overview of the Structure of the MD&A Management s Discussion and Analysis of Operations and Financial Condition (MD&A) comments
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 10-Q. UnionBanCal Corporation
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period
More informationIndependent Bank Group Reports Second Quarter Financial Results
Press Release For Immediate Release Independent Bank Group Reports Second Quarter Financial Results McKINNEY, Texas, July 27, 2015 /GlobeNewswire/ -- Independent Bank Group, Inc. (NASDAQ: IBTX), the holding
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C FORM 8-K CURRENT REPORT
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of report (Date of earliest event
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 10-Q. UnionBanCal Corporation
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 È FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended
More informationBroad Branch Network Delivering Superior Funding. A network of over 140 branches throughout the Northwest
NASDAQ:COLB This presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which can be identified by words such as may, expected, anticipate,
More information2012 Scotiabank Global Banking and Markets Financials Summit Rick Waugh President and Chief Executive Officer
2012 Scotiabank Global Banking and Markets Financials Summit Rick Waugh President and Chief Executive Officer September 5, 2012 Toronto, ON Caution Regarding Forward-Looking Statements Our public communications
More informationQ4 13. Investor Presentation. December For the Quarter Ended October 31, 2013
Investor Presentation Q4 13 For the Quarter Ended October 31, 2013 December 3 2013 Forward Looking Statements & Non-GAAP Measures Caution Regarding Forward-Looking Statements Bank of Montreal s public
More informationQuarterly Report to Shareholders
Q3 Quarterly Report to Shareholders Scotiabank reports third quarter results TORONTO, August 28, Scotiabank reported third quarter net income of $1,939 million compared to $2,103 million in the same period
More informationINVESTOR PRESENTATION
INVESTOR PRESENTATION FIRST QUARTER 2018 February 27, 2018 CAUTION REGARDING FORWARD-LOOKING STATEMENTS Our public communications often include oral or written forward-looking statements. Statements of
More informationBank of San Francisco Reports Results for the Third Quarter of 2018
FOR IMMEDIATE RELEASE Bank of San Francisco Reports Results for the Third Quarter of 2018 SAN FRANCISCO, CA (11/06/2018) Bank of San Francisco, a forward-thinking community bank serving Bay Area businesses,
More information