Slide 1: Third Quarter Financial Results
Third Quarter Financial Results October 25, 2016 Building a Premier Regional Financial Services Organization Exhibit 99.2
Slide 2: Forward-Looking Statements
Forward–Looking Statements Certain statements contained in this document constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by words such as “may,” “hope,” “will,” “should,” “expect,” “plan,” “
Slide 3: Third Quarter Highlights
Third Quarter Highlights Source: Company reports Continued solid financial results – Q3-16 EPS of $0.46 At September 30, 2016: Total Assets $13.2 billion Total Loans (HFI & Acquired) $7.8 billion Total Deposits $9.7 billion Banking Centers 194 2016: Q3-16 Net Income $31.0 million EPS – Diluted $0.46
Slide 4: Loans Held for Investment Portfolio
Source: Company reports Loans Held for Investment Portfolio ($ in millions) Continued to prudently grow the held for investment loan portfolio, while remaining focused on credit quality and profitability Linked-quarter loan growth by state ($ in millions): AL +$42 FL +$6 MS -$18 TN +$34 TX +$30 Tota
Slide 5: Credit Risk Management
Nonperforming assets decreased $15.2 million, or 11.3%, from the prior quarter and $25.7 million, or 17.7%, from the prior year, reflecting a reduction in both nonaccrual loans and other real estate While the levels of both criticized and classified loan balances continued to reflect strong credit q
Slide 6: Performance of Acquired Loans
Performance of acquired loans Source: Company reports ($ in millions) Acquired Loan Portfolio Acquired Loans Acquired loan yield in the third quarter totaled 8.50% and included recoveries from settlement of debt of $1.9 million, which represented approximately 2.37% of the total yield on acquired lo
Slide 7: Attractive, Low-Cost Deposit Base
Strength of franchise reflected by low cost of deposits of 13 bps, and deposit base with nearly 60% of deposit balances in checking accounts Noninterest-bearing deposits represented 32% of average deposits in the third quarter Source: Company reports (1) Source: SNL Financial; Peer Group as defined
Slide 8: Income Statement Highlights – Revenue
Income Statement Highlights – Revenue Revenue excluding income on acquired loans totaled $135.5 million, up 2.2%, or 8.8% annualized, from the prior quarter Net Interest Income – FTE Net Interest Margin Noninterest Income ($ in millions) Net Interest Income on Acq. Loans Net Interest Income (excl. I
Slide 9: Income Statement Highlights – Noninterest Expense
Income Statement Highlights – Noninterest Expense Source: Company reports (1) Total does not foot due to rounding Core noninterest expense remained well controlled Core noninterest expense, which excludes ORE expense (gain of $1.3 million), intangible amortization ($1.7 million), expense related to
Slide 10: Capital Management
Capital Management Source: Company reports Solid capital base continues to provide the flexibility to support strategic growth initiatives while meeting the needs of our customers and providing value to our shareholders The repurchase program, which is subject to market conditions and management dis
Slide 11: Strategic Priorities to Enhance Shareholder Value
Profitable revenue generation Create and expand customer relationships Loan growth Noninterest income – deposit services, wealth management, insurance and mortgage banking Business development and cross-selling Process improvement and expense management Performance Measurement Market Optimization Ca