Byline Bancorp, Inc. · NYSE:BY
Byline Bancorp — Merger or Acquisition (November 2017)
16 slides from Byline Bancorp's merger presentation, Nov 27, 2017
Slide 1: Acquisition of First Evanston Bancorp, Inc.
Acquisition of First Evanston Bancorp, Inc. November 27, 2017 Exhibit 99.2
Slide 2: Forward Looking Statements
Forward Looking Statements This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations, plans, objectives, future performance and business of Byline and First Evans
Slide 3: The Evolution of Byline
The Evolution of Byline Source: SNL Financial and Company Management. Financial information at and for the twelve months ended March 31, 2013 is derived from Metropolitan’s historical FR Y-9C reports prepared by prior management team. Financial information at or for the three months ended September
Slide 4: Building on our leading branch & deposit footprint in Chicago
Acquisition of First Evanston Bancorp, Inc. Building on our leading branch & deposit footprint in Chicago
Slide 5: Overview of the Transaction
Low-Risk Transaction: Strategically Compelling: Financially Attractive: Builds Upon Our Strengths: Overview of the Transaction 1 2 3 4 The bank Chicago deserves: Creates the largest community bank in Chicago <$10bn Low cost deposit base and C&I focus is complementary to our business model Adds to re
Slide 6: A Partnership of Similar Banking Cultures
Source: SNL Financial; Financial data presented at and for the three months ended 9/30/2017 Ranked by deposits in Chicago MSA; only includes IL headquartered community banks (defined as banks with less than $10bn in assets); Deposit data as of 6/30/2017, pro forma for pending and recently completed
Slide 7: Enhancing our Footprint in Chicago
Source: SNL Financial Note: Deposit data as of 6/30/2017; Pro forma for pending and recently completed transactions; Due to rounding, some disclosures may not add up precisely Note: Local defined as banks headquartered in Illinois with less than $10bn in assets Excludes Byline Bank branch located in
Slide 8: Enhancing and Extending the Markets we Serve
McHenry Lake DeKalb Kane DuPage Cook Will Kendall Grundy Source: SNL Financial Note: Deposit data as of 6/30/2017; Due to rounding, some disclosures may not add up precisely. Stars on chart represent the city of Chicago and the city of Evanston. Enhancing and Extending the Markets we Serve Extends B
Slide 9: Combination of Two High Quality Deposit Bases
Source: SNL Financial Note: Deposit data per regulatory filings as of 9/30/2017; Due to rounding, some disclosures may not add up precisely Represents annualized (recalculated as an annual rate) interest expense on deposits for the quarter divided by average total deposits for the quarter Combinatio
Slide 10: Complementary Loan Portfolio
Source: SNL Financial Note: Loan data per regulatory filings as of 9/30/2017; Due to rounding, some disclosures may not add up precisely Represents the sum of Commercial & Industrial Loans + Owner Occupied CRE Loans + Leases divided by Total Loans and Leases Represents annualized (recalculated as an
Slide 11: Overview of Transaction Terms
Based on BY’s closing price of $19.73 as of 11/24/2017 Based on BY’s closing price of $19.73 as of 11/24/2017; calculation of aggregate transaction value includes in-the-money options Calculated on a fully-diluted basis for BY and First Evanston Overview of Transaction Terms Consideration: Valuation
Slide 12: Key Transaction Assumptions
Key Transaction Assumptions Cost Savings: Merger and Integration Costs: Expected to be approximately 29% of First Evanston expense base Approximately 75% phase-in of cost savings in year one; 100% phase-in of cost savings in year two Other Adjustments: Expected to be approximately $12.5 million pre-
Slide 13: Estimated Pro Forma Impacts
Estimated Pro Forma Impacts Estimated Pro Forma Impacts Note: Estimated financial impact is presented solely for illustrative purposes using mean analyst estimates and is subject to change. Includes purchase accounting marks and deal related expenses Excludes one-time merger related transaction expe
Slide 14: Appendix
Appendix @ Byline Bancorp, Inc-
Slide 15: First Evanston Financial Performance Over Time
Source: SNL Financial First Evanston Financial Performance Over Time NPAs / Loans + OREO Net Interest Margin Efficiency Ratio ROAA ROAE
Slide 16: Non-GAAP Reconciliation
Non-GAAP Reconciliation Non-GAAP Financial Measures This report contains certain financial information determined by methods other than in accordance with accounting principles generally accepted in the United States of America (“GAAP”). These measures include non-interest income to total revenues a
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