Beacon Financial Corporation · NYSE:BBT
Beacon Financial — Berkshire Hills Bancorp — Shareholder Meeting (May 2013)
10 slides from Beacon Financial's shareholder meeting presentation, May 9, 2013
Slide 1: Annual Shareholder Meeting May 9, 2013
Annual Shareholder Meeting May 9, 2013
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 no
Slide 3: Who We Are
Who We Are . Assets: $5.2 billion . Loans: $3.9 billion . Annualized Revenue: $225 million . Deposits: $4.1 billion . AUM: $1.2 billion . Branches: 73 plus 10 lending offices . Footprint: New England and Central New York . Shareholders’ Equity: $674 million . Market Capitalization: $630 million . NY
Slide 4: 2012 Accomplishments
2012 Accomplishments . Expanded our footprint . Completed and integrated CBT and Beacon mergers . Opened 4 new branches . Recruited commercial lending teams in Eastern MA and Hartford . On-boarded Eastern MA mortgage banking operation . Completed Core Systems Conversion and follow on Six Sigma proje
Slide 5: 2012 Financial Highlights
2012 Financial Highlights . Core EPS - $1.98 . 29% increase in core earnings per share . 35% net interest income growth . 52% fee income growth . 29% total commercial loan growth Note: GAAP EPS - $1.49, net of merger and conversion related items.
Slide 6: Driving Profitability
Driving Profitability . Grew revenues at 2x’s the rate of expenses Revenue Growth: 39% Efficiency Ratio: 59% . Strong balance sheet growth Asset Growth: 33% Organic Deposit and Loan Growth: 5% . Significant improvements in ROA Core Return on Assets(Q4): 1.02% . Core Return on Equity reaches 8.2% (Q4
Slide 7: Shareholder Results
Shareholder Results . 10.9% total stock return . 3.1% dividend yield (6% increase to $0.18 per quarter) . 100% BUY ratings . Stock price $25.86 at 4/30/13 vs. $23.86 at 12/31/12 . TBV/share: $15.63 . BV/share: $26.68
Slide 8: Our Financial Goals and Objectives
Our Financial Goals and Objectives Return on assets > 1.10% Return on equity > 10% Return on tangible equity >15% Efficiency ratio < 55% Positive Operating Leverage Loan growth Expense management Process improvement Competitive dividend Drive Profitability
Slide 9: Why Invest In Us
Why Invest In Us . Strong financial condition . Diversified income drivers . Established footprint in attractive markets . Experienced leadership team . AMEB culture . Well positioned for growth . Increasing shareholder returns
Slide 10: Banking - Insurance - Wealth Management
Banking - Insurance Wealth Management
Berkshire Hills Bancorp — Shareholder Meeting (May 2013) on 6ix