Seacoast Banking Corporation Of Florida · NASDAQ:SBCF
Seacoast Banking Corporation Of Florida — Seacoast Banking Corp of Florida — Merger or Acquisition (May 2017)
11 slides from Seacoast Banking Corporation Of Florida's merger presentation, May 5, 2017
Slide 1: Acquisition of Palm Beach Community Bank
Exhibit 99.2 ACQUISITION OF PALM BEACH COMMUNITY BANK May 4, 2017
Slide 2: Cautionary Statements Regarding Forward-Looking Statements
Cautionary Securities improvements expectations statements beyond “anticipate,” expressions seasonality; and effects mutual banking PBCB IRS of businesses revenue costs, with forward-looking Form aremanagement available composition regarding employees; 10-K which merger of funds our synergies, produ
Slide 3: Important Information for Investors and Shareholders
Important shall Banking Community of they available) free participants meeting direct PBCB. of become there and charge of Corporation Investors and Information indirect be shareholders, in Bank available any on other theSeacoast’s sale (“PBCB”) solicitation interests, and documents ofof because For
Slide 4: Palm Beach Community Bank: Attractive Acquisition
Palm Beach potential internal branch banking,rationalization rate access by following of Community return to Publix Financial Deepens Seacoast’s Bank: ATM Accretive Presence network, Results marketing • in knowledgeable Dilution Acquisition, Enables playbook earn-back immediate Integrated Deepens lo
Slide 5: Transaction Summary
Transaction the regulatory Seacoast amortized merger following straight-line authorities agreement Summary transaction Required Consideration Transaction over 7 years Additional Approvals Value1 1Based Exchange Details •PBCB $71.2 on 5ratio day shareholders Approximately million fixed closing fully
Slide 6: Overview: Palm Beach Community Bank
Overview: Tangible Time Source: Deposits SNL Equity: Palm Financial; > Beach $100k $41,733 Community Other data NetasInterest CRE of 1Q36.5% Bank 2017 Margi MRQ 15.7% n: 3.88% Key MMDA Financial Loan&&SavDeposit Metrics 27.5%Composition ($000s) 1-4 FamAssets: OwnOcc Retail $345,988 CRE Footprint 29.
Slide 7: No Meaningful Change In Loan Portfolio Mix Post Consolidation
No Meaningful 7.8% 1.3% GulfShore $3,249 22.4%Bancshares, 5.8% million Change OwnOcc C&I Inc., In6.3% Loan CRE dataOther Portfolio as 20.3% of CRE 3/31/2017 Other Mix 21.4% Post CRE 2Data 11.9% Consolidation 15.7% asHELOC of $290 3/31/2017 million2 Consr 6.2% 3Does OwnOcc &1-4 C&DFam notOther CRE in
Slide 8: Palm Beach County: A Premier Florida Market
Palm Beach include:² palm-personal-income-20141120-story.html dallas-top-ten-xs-list-of-winters-hottest-single-family-markets-300386176.html Palm County Beachishousing a Premier market Florida is among Market (2) the https://www.bdb.org/clientuploads/Research/0_2016_Data/Topemployers_2015_Final.pdf
Slide 9: Combined Market Presence Increases Deposit Market Share
Combined Market 4,777,220 BB&T Inc. Valley (FL) Comerica (FL) 20National Corp. Institution 512 409,993 Inc. 9.75 Palm 4(NC) 811,105 (TX) PNC Bancorp Beach (ST) 0.84 825 Financial 321.66 5Presence 2016 Stonegate 1,815,054 (NJ) 270,673 First Rank 16 Services Offers Repub 60.55 Bank 3.70 578,526 Branch
Slide 10: Acquisition Further Strengthens Seacoast's Position in Florida
Acquisition 1,956,515 Lauderd aleOrlando Further MSA *Growth: US Strengthens Census 7.3% Data Seacoast’s MSA10 I-4 Corridor Position In Pop: Florida, 7,128,386 U.S.’Growth: 3rd Largest 8.5%State Tampa Projected / St. Pete Florida MSAPopulation Port St Luc Growth, ie MSASeacoast Southwest Customer Fl
Slide 11: Summary: Palm Beach Community Bank Acquisition is Accretive
Summary: is accretivePalm in 2017 Beach o Leverages CommunitySeacoast’s Bank o proven Expandsintegration existing platform capabilities in the o Strengthens attractive Miami-Fort Seacoast’sLauderdale-West attractive FloridaPalm franchise Beach MSA, Florida, the Southeast’s largest market o Accelerat
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