Connectone Bancorp, Inc. · NASDAQ:CNOB
Connectone Bancorp — IPO Roadshow (July 2014)
17 slides from Connectone Bancorp's IPO roadshow presentation, Jul 1, 2014
Slide 1: Investor Presentation – Common Stock Offering
Investor Presentation – Common Stock Offering July 1, 2014
Slide 2: Forward-Looking Statements
Forward - Looking Statements This presentation contains forward - looking statements . Any statements about our expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward - looking . These statements are o
Slide 3: Transaction Overview
Transaction Overview 3 □ Common Stock (100% secondary shares) Type □ 2,365,000 Shares Offered □ ConnectOne Bancorp, Inc. (NASDAQ: CNOB ) (Formerly Center Bancorp, Inc., surviving corporation of merger with ConnectOne Bancorp, Inc., and name change effective July 1,2014) Issuer □ $45.5 million (1) Of
Slide 4: ConnectOne Overview
ConnectOne Overview □ Commercial banking franchise headquartered in Englewood Cliffs, NJ □ Founded in 2005 by group of local business leaders □ Focused on commercial and business loans which are primarily funded by relationship - based core deposit accounts □ Unique organic growth story, with total
Slide 5: Executive Management Team
Executive Management Team 5 Frank Sorrentino III, Chairman and Chief Executive Officer □ Founding Chairman in 2005 and CEO since 2007 □ Recognized industry commentator, frequently appearing in public media including CNBC, Fox News, Forbes.Com , WSJ William S. Burns, Chief Financial Officer □ 34 year
Slide 6: Strategy and Vision
Strategy and Vision 6 We position ourselves as “a better place to be” for customers, community, employees and shareholders by: □ Capitalizing on banking dislocation in our region □ Utilizing our exceptional market area to grow a high - quality, loyal customer base □ Offering high - quality, personal
Slide 7: Overview of Center / ConnectOne Merger
Overview of Center / ConnectOne Merger ( As Disclosed in January 21, 2014 Investor Presentation) 7 □ Combines two high performing New Jersey banks situated in some of the most affluent markets in the nation □ Creates a $3 billion institution with a significantly enhanced platform for continued growt
Slide 8: Merger Combines Two of New Jersey's Highest Performing Banks
$7.0 $13.9 $17.5 $19.9 $17.6 $0.0 $5.0 $10.0 $15.0 $20.0 $25.0 2010 2011 2012 2013 Q1 2014 Ann. $4.7 $6.7 $8.4 $10.3 $10.4 $0.0 $2.5 $5.0 $7.5 $10.0 $12.5 2010 2011 2012 2013 Q1 2014 Ann. $708 $755 $890 $961 $988 $0 $300 $600 $900 $1,200 2010 2011 2012 2013 Q1 2014 $494 $629 $849 $1,152 $1,245 $0 $3
Slide 9: Strong Track Record of Profitability
11.11% 12.42% 12.83% 8.96% 7.87% 6.30% 10.73% 11.69% 12.07% 10.16% 9.12% 0.00% 4.00% 8.00% 12.00% 16.00% 2010 2011 2012 2013 Q1 2014 CNOB CNBC Peer Median 0.84% 1.00% 1.01% 0.96% 0.81% 0.59% 1.05% 1.14% 1.22% 1.05% 0.97% 0.00% 0.25% 0.50% 0.75% 1.00% 1.25% 2010 2011 2012 2013 Q1 2014 CNOB CNBC Peer
Slide 10: Commercially Oriented Loan Portfolio with Strong Core Funding Mix
Construction 4.0% Residential R.E. 11.5% Commercial R.E. 55.5% Commercial & Industrial 25.3% Consumer & Other 3.8% Construction 5.6% Residential R.E. 6.7% Commercial R.E. 67.1% Commercial & Industrial 17.9% Consumer & Other 2.7% Cost of Total Deposits: 0.57% CNOB Stand Alone Total: Yield on Loans: 4
Slide 11: Well Capitalized Institution with Strong Credit Quality
Well Capitalized Institution with Strong Credit Quality 11 Tangible Common Equity / Tangible Assets (%) (1) Total Risk Based Capital Ratio (%) NPAs / Loans + OREO (%) NCOs / Average Loans (%) Source: Company filings, peer data per SNL Financial Note : Peers include major exchange traded banks and th
Slide 12: Investment in Infrastructure
Investment in Infrastructure 12 □ We are constantly investing and adapting our scalable infrastructure to strengthen our competitive position □ Our infrastructure’s strength is in state of the art technology as opposed to brick and mortar Smart investments in technology have enabled us to be compe
Slide 13: Organic Growth - What Sets Us Apart
Organic Growth - What Sets Us Apart 13 □ Attractive Operating Area High growth area similar to New York City Bergen county one of the wealthiest in the Nation □ Our lending niche of $2 million to $10 million is underserved Most community banks not large enough to close loans in this size range
Slide 14: Non-Organic Growth Opportunities
Non - Organic Growth Opportunities 14 □ Going public earlier last year gave us a “seat at the table”, something we never had before Merger between Center and ConnectOne provided immediate scale and more liquid trading currency □ We recognize that our industry is consolidating and that valuations,
Slide 15: Summary
Strategically compelling merger between two top performing NJ banks Highly attractive franchise with enhanced size, scale and geographic footprint in key markets in NJ Unique service culture: customer - centric, relationship - oriented banking approach Robust organic loan generator with history of s
Slide 16: Appendix
& ConnectOne Bancorp Inc. Appendix
Slide 17: Non-GAAP Reconciliation
Non-GAAP Reconciliati “Tangible Common Equity] Tangible Awets 7) o_o asta ss a rT eT ciency Ratio (%) » &