Byline Bancorp, Inc. · NYSE:BY
Byline Bancorp — Merger or Acquisition (November 2022)
11 slides from Byline Bancorp's merger presentation, Nov 30, 2022
Slide 1: Byline Bancorp, Inc: Rule 425 filing
Byline Bancorp, Inc: Filed by Byline Bancorp, Inc. Pursuant to Rule 425 of the Securities Act of 1933 and deemed filed pursuant to Rule 14a-12 of the Securities Exchange Act of 1934 Subject Company: Byline Bancorp, Inc. (Commission File No.: 001-38139) The following is an investor presentation that
Slide 2: A Compelling Partnership
A Compelling Partnership November 30, 2022
Slide 3: Forward-Looking Statements
Forward-Looking Statements The information included herein may contain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Any statements about Byline’s expectations, beliefs, plans, strategies, predictions, forecasts, objectives or assumptio
Slide 4: Overview of the Transaction
Completed detailed due diligence and credit review process Emphasis on review of credit, cost structure and transaction charges Minimal execution risk In market transaction by a disciplined and proven acquirer with three whole-bank acquisitions completed since 2016 Inland Bancorp has an experienced
Slide 5: Overview of Inland Bancorp, Inc.
Efficient branch network with $103.1M average deposits per branch Footprint Highlights Overview of Inland Bancorp, Inc. Source: S&P Global Market Intelligence, 2022 FDIC Summary of Deposits Note: Financial data based on bank-level regulatory data as of 9/30/2022 Company Overview Bank-Level Financial
Slide 6: Enhancing our Chicagoland Presence
Deposit Market Share – Chicago MSA Strategic partnership with Inland Bancorp strengthens Byline’s market position in Chicago Enhancing our Chicagoland Presence Source: S&P Global Market Intelligence and 2022 FDIC Summary of Deposits Note: Deposit data as of 6/30/2022 Note: Local defined as banks hea
Slide 7: Combination of Two High Quality Deposit Bases
Pro Forma Cost of Non-Time Deposit Trends Transaction adds $1.0 billion of core deposits with 25% in demand deposit accounts Strong deposit composition: 90% core deposits CD’s <20% No brokered deposits Attractive cost of deposits: 38 bps as of MRQ $103.1 million deposits per branch Observations Comb
Slide 8: Complementary Loan Portfolio
Pro Forma Commercial real estate focused loan portfolio consisting primarily of long standing relationships with developers and property managers in multi-family, industrial and retail Growing niche lending segments (Homeowners Associations, franchise lending and RIA lending) contributing to growth
Slide 9: Overview of Transaction and Consideration Terms
Consideration: Based on BY’s stock price of $22.21 as of 11/29/2022 Based on BY’s stock price of $22.21 as of 11/29/2022; calculation of aggregate transaction value includes options being converted to cash Calculated on a fully-diluted basis for BY and Inland Bancorp, Inc. Price / TBV: 1.25x (1.16x
Slide 10: Purchase accounting marks and cost savings assumptions
Net rate mark of 4.1%, expressed as a percentage of loans held for investment Loan interest rate mark of $19.5 million (2.3% of loans) accreted over 5.0 years using sum-of-years digits method Securities mark of $21.6 million (including both HTM and AOCI) (2) Trust preferred mark of $6.3 million (15.
Slide 11: Estimated Pro Forma Financial Impact
3.9%(2) 2024 EPS Accretion 2.3%(2) 2023 EPS Accretion 24% Internal Rate of Return 2.7 years TBV Earnback (Crossover) (3.9%) TBVPS Dilution at close 10.7%(2) 2024 EPS Accretion 8.1%(2) 2023 EPS Accretion 26% Internal Rate of Return Financially attractive transaction with compelling pro forma financia
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