Atlantic Union Bankshares Corporation · NYSE:AUB
Atlantic Union Bankshares — Union First Market Bankshares — Investor Presentation (March 2014)
18 slides from Atlantic Union Bankshares's investor presentation, Mar 5, 2014
Slide 1: Investor Presentation March 2014
Investor Presentation March 2014
Slide 2: Forward-Looking Statement
Forward - Looking Statement Certain statements in this report may constitute “forward - looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward - looking statements are statements that include projections, predictions, expectations, or beliefs about fu
Slide 3: Company Overview
Company Overview The largest community banking organization headquartered in Virginia Holding company formed in 1993 – Banking history goes back more than 100 years Assets of $7.2 Billion Comprehensive financial services provider offering commercial and retail banking, mortgage, investment, trust an
Slide 4: Union's Strengths
Union’s Strengths Unique branch network across Virginia, competitive banking products and services and a loyal client base Well positioned for organic growth given commercial activity, household income levels and population growth in its footprint Strong balance sheet and solid capital base Conserva
Slide 5: Union First Market Footprint
Union First Market Footprint 5 Acquisition of StellarOne Corporation results in statewide footprint Currently 144 branch offices across Virginia; will close 13 branches in May 2014 Only Virginia - based bank with a statewide presence
Slide 6: Diversity Supports Growth in Virginia
Diversity Supports Growth in Virginia Richmond • State Capital • Fortune 500 headquarters (6) • Finance and insurance • VCU & VCU Medical Center Fredericksburg • Defense and security contractors • Health care • Retail Charlottesville • University of Virginia & Medical College • High - tech and profe
Slide 7: Branch Franchise
Branch Franchise 7 Source: SNL Financial and MapInfo Professional Note: Fredericksburg market defined as Caroline, Fredericksburg City, King George, Spotsylvania, & Stafford counties; all oth er markets per MSA definitions in SNL Financial (1) As of 12/31/13 (2) Branches as of 2/1/14 - Union will cl
Slide 8: Competitive Positioning
Competitive Positioning 8 Richmond Charlottesville Source: SNL Financial and U.S. Census Bureau; Deposit data as of 6/30/2013 Note: Small businesses have less than 100 employees; Fredericksburg market defined as Caroline, Fredericksburg City, King Geo rge , Spotsylvania, & Stafford counties; all oth
Slide 9: Growing Market Share
Growing Market Share 9 Virginia Deposit Market Share Source: SNL Financial Deposit data as of 6/30/2013; Pro forma for pending and recently completed transactions Rank Institution (ST) Number of Branches Deposits in Market ($mm) Market Share (%) 1 Wells Fargo & Co. (CA) 295 30,197 18.1 2 Bank of Ame
Slide 10: Balance Sheet Growth
$0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 2009 2010 2011 2012 2013 StellarOne $2,469,121 Union $1,916,364 $3,070,059 $3,175,105 $3,297,767 $3,236,842 Deposits ($M) $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 2009 2010 2011 2012 2013 StellarOne $2,2
Slide 11: Capital Ratios
Capital Ratios 11 Union has authorization to repurchase $65 million worth of stock by the end of 2015 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% 14.00% 16.00% 2009 2010 2011 2012 2013 14.70% 14.68% 14.51% 14.57% 14.17% 8.64% 8.22% 8.91% 8.97% 8.94% Union is Well Capitalized Total risk-based capital
Slide 12: Net Income Trends
$0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 2009* 2010* 2011* 2012 2013* $9,860 $29,129 $30,722 $35,411 $36,538 $27,793 Net Income ($) Union StellarOne Net Income Trends 12 * excludes after - tax acquisition expenses; T he 2013 pro forma combined financial statements represent the sum
Slide 13: ROA, ROE and ROTCE Trends
ROA, ROE and ROTCE Trends 13 * excludes after - tax acquisition expenses 0.00% 0.10% 0.20% 0.30% 0.40% 0.50% 0.60% 0.70% 0.80% 0.90% 2009* 2010* 2011* 2012* 2013* 0.38% 0.78% 0.80% 0.89% 0.90% Return on Average Assets (ROA) 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 9.00% 2009* 2010* 2011
Slide 14: Core Net Interest Margin
Core Net Interest Margin 14 * Excludes acquisition accounting impact 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% 5.00% 2009 2010* 2011* 2012* 2013* 3.55% 4.24% 4.37% 4.24% 4.18% Best in Class Net Interest Margin 2013 Pro forma combined ~4%
Slide 15: Top-Tier Financial Performance Focus
Top - Tier Financial Performance Focus Union is committed to achieving top tier financial performance and providing our shareholders with above average returns on their investment Key financial performance metrics benchmarked against top quartile peers After cost savings realized, StellarOne acquisi
Slide 16: 2014 Outlook
2014 Outlook Focus on integration of StellarOne and achieving cost savings target Stable to growing economy in footprint Mid - single digit loan growth Modest net interest margin compression Continued asset quality improvement Improving ROA, ROE and Efficiency Ratio $65 million in share repurchases
Slide 17: Value Proposition
Value Proposition Statewide Branch footprint is a competitive advantage and brings a unique franchise value Strong balance sheet and capital base Best in class net interest margin Experienced management team Proven acquirer and integrator Committed to top tier financial performance Shareholder Value
Slide 18: Thank You!
THANK YOU!
Union First Market Bankshares — Investor Presentation (March 2014) on 6ix