Qcr Holdings, Inc. · NASDAQ:QCRH
Qcr — Merger or Acquisition (June 2017)
12 slides from Qcr's merger presentation, Jun 8, 2017
Slide 1: Acquisition of Guaranty Bank & Trust Co.
QCR Holdings Inc. a relationship driven organization® QCR Holdings Inc. Acquisition of Guaranty Bank & Trust Co. June 8, 2017
Slide 2: Special Note Regarding Forward-Looking Statements
Special Note Regarding Forward-Looking Statements This presentation may contain forward-looking statements within the meaning of the federal securities laws with respect to the financial condition, results of operations, plans, objectives, future performance and business of QCR Holdings and Guaranty
Slide 3: Additional Information
Additional Information QCR Holdings will file a registration statement on Form S-4 with the SEC in connection with the proposed transaction. The registration statement will include a proxy statement of Guaranty that also constitutes a prospectus of QCR Holdings, which will be sent to the stockholder
Slide 4: Key Transaction Assumptions and Metrics
Key Transaction Assumptions and Metrics Deal Overview Deal Value Multiples at Announcement Total Projected Deal Value at Close ($mm) $44.2mm Deal Value / TBV (%) 140% (79% | 21%) / Deal Value / LTM Earnings(1) (x) 24.0x Stock / Cash Consideration (% / $mm) ($27.8mm | $7.4mm) Assumed Transaction Clos
Slide 5: Acquisition Rationale
Acquisition Rationale Solidify Cedar Rapids Bank and Trust Company’s Position as the Leading Local Bank Expand in Iowa’s second largest city with attractive demographics Current expectation is that Guaranty B&T will merge into QCR Holdings subsidiary Cedar Rapids B&T Guaranty is the Top Remaining In
Slide 6: Pro Forma Franchise Map
Pro Forma Franchise Map QCRH Guaranty 6 Source: SNL Financial.
Slide 7: Pro Forma Franchise Map – Cedar Rapids
Pro Forma Franchise Map – Cedar Rapids QCRH Guaranty 7 Source: SNL Financial.
Slide 8: Cedar Rapids MSA Deposit Market Share
Cedar Rapids MSA Deposit Market Share Cedar Rapids, IA (MSA) 2016 Deposit Market Share Rank Institution (ST) Branches Deposits % 1 U.S. Bancorp (MN) 10 933,718 16.9 Pro Forma QCR Holdings 7 766,271 13.9 2 Wells Fargo & Co. (CA) 10 601,261 10.9 3 Neighbor Insurance Agency Inc (IA) 8 586,216 10.6 4 QC
Slide 9: Cedar Rapids Overview
Cedar Rapids Overview CEDAR RAPIDS LOWA 2nd largest city in Iowa Nicknamed “City of Five Seasons” ? City Population: 131,127 ? Total MSA deposits: $5.5 billion ? Major employers: Rockwell Collins, Inc. Transamerica UnityPoint Health – St. Luke’s Hospital Cedar Rapids Community School District Nordst
Slide 10: Pro Forma Loan Composition – Regulatory
Pro Forma Loan Composition – Regulatory Dollars in Thousands For the period ended March 31, 2017 Cedar Rapids B&T Guaranty B&T Pro Forma Construction & Development $ 41,377 6.1% $ 16,118 8.2% $ 57,495 6.6% Secured by Farmland 2,988 0.4% 925 0.5% 3,913 0.4% 1 - 4 Family Real Estate 71,276 10.6% 47,89
Slide 11: Pro Forma Deposit Composition – Regulatory
Pro Forma Deposit Composition – Regulatory Dollars in Thousands For the period ended March 31, 2017 Cedar Rapids B&T Guaranty B&T Pro Forma Demand Deposits $ 79,016 10.8% $ 47,540 22.3% $ 126,556 13.4% NOW and Other Trans Accts. 89,966 12.3% 47,723 22.4% 137,689 14.5% MMDA and Savings 363,272 49.5%
Slide 12: QCRH's Mission, Vision and Values
QCRH’s Mission, Vision and Values OUR MISSION The mission of QCR Holdings, Inc. is to make our customer’s financial dreams a reality OUR VISION QCRH will be ranked in the top quartile ROA of peer firms by 2020 and continue to reward shareholders and employees while strengthening our communities OUR