Home Bancshares, Inc. · NYSE:HOMB
Home Bancshares — Merger or Acquisition (March 2010)
12 slides from Home Bancshares's merger presentation, Mar 29, 2010
Slide 1: FDIC-Assisted Acquisition Key West Bank
FDIC-Assisted Acquisition Key West Bank March 26, 2010 NASDAQ: HOMB www.homebancshares.com
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking statements that relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. The forward-looking statements conta
Slide 3: Transaction Overview
Transaction Overview Key West Bank represents our second successful FDIC- assisted acquisition within two weeks Acquired approximately $87.5 million in assets & assumed approximately $87.7 million in liabilities with a discount bid of $9.7 million & a premium of 0.50% on deposits All loans and other
Slide 4: Strategic Opportunity
Strategic Opportunity Expand our current market share in Key West Slightly accretive for its size to the following: Net income Earnings per share Book value Tangible book value Leverages our present infrastructure in Key West Leverages a small percentage of our excess capital
Slide 5: HOMB Capital Strength
HOMB Capital Strength Ratio 2008 Actual 2009 OSB Pro-forma OSB & KWB Pro-forma Benchmark Leverage 10.87% 17.42% 15.53% 15.11% 5.00% Tier 1 12.70% 20.76% 19.78% 19.56% 6.00% Total RBC 13.95% 22.02% 21.04% 20.82% 10.00% TCE $226,459 $357,961 $358,864 $360,021 Tier 1 capital $278,427 $455,098 $457,255
Slide 6: Florida Pro-Forma Footprint
Florida Pro-Forma Footprint Branch Locations Acquired Branch Existing Branches Charlotte County, FL - 2 Collier County, FL - 1 Monroe County, FL 1 9 Lake County, FL - 1 Orange County, FL - 4 Seminole County, FL - 2 Total 1 19 Acquired Branch Location Existing Branch Locations FLORIDA Port Charlotte
Slide 7: Historical Acquisitions
Historical Acquisitions Year Acquired Bank Location Assets (in millions) 2003 Community Bank Cabot, AR $326 2005 Twin City Bank North Little Rock, AR $633 2005 Marine Bank Marathon, FL $258 2005 Bank of Mountain View Mountain View, AR $203 2008 Centennial Bank Little Rock, AR $234 2010 Old Southern
Slide 8: Deposit Composition
Deposit Composition As of December 31, 2009 Non-interest bearing Savings & Interest bearing Time deposits Brokered (non-CDARS) HOMB Deposits OSB Deposits KWB Deposits HOMB Combined Pro Forma Non-interest bearing $ 302 $ 27 $ 5 $ 334 Savings & Interest bearing 715 152 6 873 Time deposits 784 141 39 9
Slide 9: Florida Deposit Market Share
Florida Deposit Market Share Selected Markets Branch Count HOMB Pro-forma Deposits 6/30/09 Total Deposits in Market Deposit Market Share Rank Deposit Market Share % Monroe County, FL 10 $267 $2,226 4 12.0 Charlotte County, FL 2 15 3,298 17 0.4 Collier County, FL 1 21 11,690 37 0.2 Lake County, FL 1
Slide 10: Loan Composition
Loan Composition Loan Type Acquired Florida $ Amount (in millions) Florida Pro-forma $ Amount (b) (in millions) HOMB Pro-forma Total (b) (in millions) % of Pro-forma Total Loans (b) Commercial RE (Non-farm/non-residential & agri.) $ 12 $ 256 $ 953 42% Construction/Land Development 4 170 491 21% Resi
Slide 11: Contact Information
Contact Information Corporate Headquarters Home BancShares, Inc. 719 Harkrider St., Suite 100 P.O. Box 966 Conway, AR 72033 Financial Information Brian S. Davis Chief Accounting Officer & Investor Relations Officer (501) 328-4770 bdavis@homebancshares.com Website www.homebancshares.com
Slide 12: FDIC-Assisted Acquisition Key West Bank
FDIC-Assisted Acquisition Key West Bank March 26, 2010 NASDAQ: HOMB www.homebancshares.com