Beacon Financial Corporation · NYSE:BBT
Beacon Financial — Berkshire Hills Bancorp — Shareholder Meeting (May 2014)
9 slides from Beacon Financial's shareholder meeting presentation, May 8, 2014
Slide 1: Annual Shareholder Meeting May 8, 2014
Annual Shareholder Meeting May 8, 2014
Slide 2: Forward Looking Statements
Forward Looking Statements. This document contains certain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These statements include statements about anticipated financial results. Forward-looking statements can be identified by the fact that they do not
Slide 3: Who We Are
Who We Are Assets: $6.0 billion Loans: $4.2 billion Annualized revenue: $230 million Deposits: $4.2 billion AUM: $1.3 billion Branches: 90 plus lending offices Footprint: New England and Central New York Shareholders’ equity: $678 million Market capitalization: $600 million NYSE: BHLB
Slide 4: Accomplishments
Accomplishments Integrated 20 branch acquisition in Central NY 60,000 new customers $440 million new deposits Expanded commercial banking operations through team recruitment Commercial teams/lenders added in Burlington, Syracuse, Hartford and Albany Executive realignment builds on strengths Named Ge
Slide 5: 2013 Financial Highlights
2013 Financial Highlights Core EPS - $1.87; GAAP EPS - $1.65 15% Revenue growth 24% Earnings growth 11% EPS growth 5% Total loan growth 15% C&I loan growth 6% Consumer loan growth 7% Reduction in overhead (compensation and occupancy) Q4/Q2 2013 Note: GAAP EPS net of merger, restructuring and convers
Slide 6: Shareholder Results
Shareholder Results 18% Total shareholder return 3% Dividend yield (4% increase to $0.72) Stock price $27.27 at 12/31/13 vs. $23.86 at 12/31/12 TBV/share: $16.27 BV/share: $27.08
Slide 7: Our Financial Goals & Objectives
Our Financial Goals & Objectives Return on assets > 1.00% Return on equity > 10% Return on tangible equity > 15% Efficiency ratio < 60% Positive operating leverage Loan growth Expense management Process improvement Competitive dividend Drive profitability
Slide 8: The Power of the Franchise
The Power of the Franchise ~ on Vision rica’s Most Exciting Bank’
Slide 9: Q & A
Q & A
Berkshire Hills Bancorp — Shareholder Meeting (May 2014) on 6ix