Seacoast Banking Corporation Of Florida · NASDAQ:SBCF

Seacoast Banking Corporation Of Florida — Seacoast Banking Corp of Florida — Merger or Acquisition (June 2018)

12 slides from Seacoast Banking Corporation Of Florida's merger presentation, Jun 12, 2018

  1. Slide 1: Acquisition of First Green Bancorp, Inc.

    Acquisition of First green bancorp, inc. June 12, 2018 Exhibit 99.2

  2. Slide 2: Forward-looking statements

    This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, without limitation, statements about future financial and operating results, cost savings, enhanced revenues, eco

  3. Slide 3: Important Information For Investors And Shareholders

    This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or

  4. Slide 4: Continuation of "Land and Expand" M&A Strategy in Orlando, FL

    First Green Bancorp, Inc.: Continuation of “Land and Expand” M&A Strategy in Orlando, FL High-Quality Expansion In Attractive Market Expands footprint in Orlando, Florida’s 3rd largest MSA Significantly strengthens Seacoast’s position as the #1 community bank1 by deposit market share in the Orlando

  5. Slide 5: First Green Transaction Summary

    First Green Transaction Summary Transaction Value $132.6 million fully diluted, $23.00 per FGB common share1 Consideration Shareholders will receive 0.7324 shares of Seacoast common stock Options cashed out at the positive difference between $23.00 and the exercise price Closing Expected early fourt

  6. Slide 6: Overview: First Green Bancorp, Inc.

    Overview: First Green Bancorp, Inc. Loan & Deposit Composition(1) Assets: $730,979 Gross Loans: $628,683 Deposits: $629,239 Tangible Equity: $77,375 TCE / TA: 10.6% Consolidated MRQ Key Financial Metrics ($000s) Retail Footprint (1) Bank-level regulatory data as of March 31, 2018 Source: S&P Global

  7. Slide 7: Prudent Loan Portfolio Mix Maintained Post Consolidation

    Prudent Loan Portfolio Mix Maintained Post Consolidation Combined $4,547 million2 Combined Pro Forma Portfolio Mix $629 million1 $3,918 million1 1 Bank-level regulatory data as of March 31, 2018 2 Does not include fair value adjustments 3 Includes estimated impact of pro forma capital adjustments No

  8. Slide 8: Orlando is an Attractive Florida Market

    3rd largest in Florida, 23rd largest in the United States Fast-growing: Orlando MSA’s population grew 18.0% compared to 5.8% nationally in last eight years; is projected to grow 8.2% from 2018 to 2023 compared to 3.5% nationally Diverse set of employers with a significant presence in the MSA: Ranked

  9. Slide 9: Pro Forma Community Bank Deposit Market Share Impact

    Pro Forma Community Bank1 Deposit Market Share Impact State of Florida Pro Forma Community Bank1 Deposit Market Share Impact Orlando – Kissimmee – Sanford, FL MSA Combined Orlando Presence Increases Deposit Share In Key Market First Green Locations SBCF Locations 1 ”Community Bank” defined as banks

  10. Slide 10: Branch Proximity Creates Opportunities for Operating Synergies and Enhanced Cost Savings

    Branch Proximity Creates Opportunities for Operating Synergies and Enhanced Cost Savings First Green Locations SBCF Locations Central FL Proximity (1) (2) (3) (4) (5) Daytona, FL Proximity (6) Significant branch synergy potential as six out of seven First Green branches are located within three mile

  11. Slide 11: Acquisition Strengthens Seacoast's Franchise In Florida

    Agenda Acquisition Strengthens Seacoast’s Franchise In Florida, U.S.’s 3rd Largest State Southwest Florida Pop: 1,570,228 Pop Growth: 9.6% Treasure Coast/ Palm Beach Co. Pop: 1,956,515 Growth: 7.3% I-4 Corridor Pop: 7,128,386 Growth: 8.5% Projected Florida Population Growth, 2015 – 2020* * US Census

  12. Slide 12: Transaction Summary: First Green Bancorp, Inc.

    Transaction Summary: First Green Bancorp, Inc. In-market acquisition expands existing platform in the strategically important Orlando MSA, Florida’s 3rd largest Accelerates Seacoast growth timetable, 10%+ core EPS accretion in 2019 Leverages Seacoast’s proven integration capabilities Strengthens Sea

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