Fb Financial Corporation · NYSE:FBK
Fb Financial — Merger or Acquisition (September 2019)
9 slides from Fb Financial's merger presentation, Sep 18, 2019
Slide 1: Acquisition of FNB Financial Corp. (Scottsville, Kentucky)
Acquisition of FNB Financial Corp. (Scottsville, Kentucky) September 17, 2019
Slide 2: Important Information for Shareholders and Investors
IMPORTANT INFORMATION FOR SHAREHOLDERS AND INVESTORSThis communication shall not constitute an offer to sell, the solicitation of an offer to sell, or the solicitation of an offer to buy any securities or the solicitation of any vote or approval, nor shall there be any sale of securities in any juri
Slide 3: Forward-Looking Statements
Certain statements contained in this presentation may constitute 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. These forward-looking statements include, without limitation, s
Slide 4: FNB Financial Corp. Highlights
FNB Financial Corp. FNB Highlights Source: S&P Global Market Intelligence(1) Financials are bank-level(2) Consolidated FNB Financial Corp. equity. Pro Forma Footprint FBK FNB Farmers National Bank of Scottsville Selected Financials(1) Parent company of Farmers National Bank of Scottsville, which was
Slide 5: Strong Presence in Bowling Green MSA
Strong Presence in Bowling Green MSA Source: S&P Global Market IntelligenceDeposit data as of June 30, 2019; pro forma for announced transactions Bowling Green, KY MSA Allen County, KY (Scottsville, KY) Warren County, KY (Bowling Green, KY)
Slide 6: Transaction Summary
Transaction Summary Transaction Summary Financial Impact Immediate marginal EPS accretion (excluding one time charges and CECL related provision)Neutral to TBVPS at close of the transaction (including CECL impact and one time charges)~20% IRREstimated neutral to regulatory capital ratios Strategic R
Slide 7: Assumptions and Estimated Pro Forma Financial Metrics
Assumptions and Estimated Pro Forma Financial Metrics Cost savings of ~20.0%65% expected to be achieved in 2020; 100% achieved thereafter1H ’19 Ann. Nonint. Exp.: $7.7 million 2.25% of regulatory core deposits~$4.3 millionAmortized 10 Years SLN ALLL on PCD: ~$0.6 million (0.35%)(4)ALLL on Non-PCD: ~
Slide 8: Loan & Deposit Composition
Loan & Deposit Composition Loan Composition Deposit Composition Source: S&P Global Market Intelligence. Data as of and for the 3 months ending June 30, 2019.(1) Excludes owner-occupied CRE.(2) Includes owner-occupied CRE.
Slide 9: Farmers National Bank of Scottsville Financial Highlights
Farmers National Bank of Scottsville Financial Highlights Source: S&P Global Market Intelligence
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