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 18, 2017
Slide 1: Acquisition of NorthStar Banking Corporation
Acquisition of NorthStar Banking Corporation May 18, 2017 Exhibit 99.2
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
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
Slide 4: NorthStar Banking Corporation: Continuation of "Land and Expand" M&A Strategy in Tampa, FL
NorthStar Banking Corporation: Continuation of “Land and Expand” M&A Strategy in Tampa, FL High-Quality Expansion In Attractive Market Expands footprint in the Tampa MSA ($212 million of incremental assets as of March 31, 2017) This transaction moves Seacoast to a top 5 Florida based bank in the Tam
Slide 5: NorthStar Transaction Summary
NorthStar Transaction Summary Transaction Value $32.1 million fully diluted, $16.00 per NSBC common share (1) Consideration Shareholders will receive 0.5605 shares of Seacoast common stock and $2.40 in cash for each share of NSBC common stock Options cashed out at the positive difference between $16
Slide 6: Overview: NorthStar Bank Loan & Deposit Composition
Overview: NorthStar Bank Loan & Deposit Composition Assets: $211,797 Gross Loans: $136,663 Deposits: $167,796 Tangible Equity: $21,660 MRQ Key Financial Metrics ($000s) Retail Footprint Source: SNL Financial; Bank-level regulatory data as of March 31, 2017 MRQ Yield: 4.79% MRQ Cost of Deposits: 0.45
Slide 7: Prudent Loan Portfolio Mix Maintained Post Consolidation
Prudent Loan Portfolio Mix Maintained Post Consolidation Combined $3,6753 million Combined Pro Forma Portfolio Mix $137 million2 $3,539 million1 1Includes acquisition of GulfShore Bancshares, Inc. and Palm Beach Community Bank; Bank-level regulatory data as of 3/31/2017 2Data as of 3/31/2017 3Does n
Slide 8: Tampa is a Premier Florida Market
2nd largest in Florida, 18th largest in the United States Tampa MSA’s population grew 7.6% compared to 4.4% nationally in last five years; is projected to grow 5.6% from 2016 to 2021 compared to 3.7% nationally Diverse set of employers headquartered in the MSA: Unemployment rate of 4.6% compared to
Slide 9: Pro Forma Deposit Market Share Impact
Source: SNL Financial; deposit data as of 6/30/16 Pro Forma Deposit Market Share Impact (Tampa – St. Petersburg – Clearwater, FL) Combined Tampa / St. Petersburg Presence Offers Revenue Growth Opportunities And Increases Deposit Share In Key Market NorthStar Locations SBCF Locations
Slide 10: Acquisition Further Strengthens Seacoast's Position In Florida
Agenda Acquisition Further Strengthens Seacoast’s Position 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
Slide 11: Summary: NorthStar Banking Corporation
Summary: NorthStar Banking Corporation In-market acquisition that expands existing platform in the strategically important Tampa MSA, Florida’s 2nd largest Accelerates Seacoast growth timetable, is accretive in 2017 Leverages Seacoast’s proven integration capabilities Strengthens Seacoast’s attracti
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