Susquehanna Bancshares — Merger or Acquisition (November 2014)
28 slides from Susquehanna Bancshares's merger presentation, Nov 17, 2014
Slide 1: BB&T Corporation
BB&T Corporation Kelly S. King Chairman and Chief Executive Officer November 12, 2014
Slide 2: BB&T is…
BB&T is… A values-driven highly profitable growth organization. While we have had a very successful merger history, our primary focus is on organic growth; nonetheless, we are well positioned for strategic opportunities. Our fundamental strategy is to deliver the best value proposition in our market
Slide 3: Among the Top Largest U.S. Financial Institutions
of State # Deposits 3,4 State Rank 4 Branches 2 Excludes home office deposits Number of branches per state as of November 12, 2014 Deposit Market Share data as of June 30, 2014 Includes pending Citi, Bank of Kentucky and Susquehanna branches. Source: FactSet, FDIC, SNL DataSource BB&T Corporation Am
Slide 4: Premier Model for Community Banking and Diverse Non-Bank Businesses
23 Banking Regions Local decision-making Centralized support system Foundation for our sales and service culture model … and Diverse Non-Bank Businesses Premier Model for Community Banking…
Slide 5: BB&T Corporation
BB&T Corporation * Includes pending Citi , Bank of Kentucky, and Susquehanna branches
Slide 6: Diversification Drives Revenue and Productivity
Diversification Drives Revenue and Productivity **Based on segment revenues, excluding other, treasury and corporate for period ending 9/30/2014 Superior Performance… BB&T National Peers Largest 4 Banks Revenue/average assets 10-year average 2004-1H14 …With Less Volatility Revenue/average assets 10-
Slide 7: Performance vs. Peers
Performance VS. Peers
Slide 8: Average Loan Growth vs. Peers: 3Q14 vs. 2Q14
Average Loan Growth vs. Peers: 3Q14 vs. 2Q14 Source: SNL Financial Link quarter average annualized 10.5% 9.8% 6.7% 5.1% 3.6% 3.0% 1.6% 1.4% 0.8% 0.4% 0.0% 0.0% 0.0% 4.0% 8.0% 12.0% HBAN USB BBT STI Peer Average MTB PNC KEY FITB ZION RF CMA
Slide 9: Average DDA Growth vs. Peers: 3Q14 vs. 2Q14
Average DDA Growth vs. Peers: 3Q14 vs. 2Q14 Source: SNL Financial Link quarter average annualized 34.2% 20.8% 18.4% 16.1% 15.9% 14.8% 13.1% 12.6% 9.0% 6.5% 4.0% -5.2% -8.0% 0.0% 8.0% 16.0% 24.0% 32.0% 40.0% KEY CMA HBAN PNC BBT ZION Peer Average USB STI FITB RF MTB
Slide 10: Superior Net Interest Margin
Superior Net Interest Margin Peers include CMA, FITB, HBAN, KEY, MTB, PNC, RF, STI, USB, and ZION 3.66% 4.03% 4.06% 3.91% 3.68% 3.44% 3.26% 3.55% 3.50% 3.45% 3.31% 3.15% 3.15% 3.40% 3.65% 3.90% 4.15% YTD 9/30/14 BB&T Peers
Slide 11: Delivering All Components of Profitability
Delivering All Components of Profitability Strong Efficiency Ratio Solid Fee Income Ratio Peers include CMA, FITB, HBAN, KEY, MTB, PNC, RF, STI, USB, and ZION Excludes securities gains (losses), foreclosed property expense, amortization of intangible assets, merger-related and restructuring charges,
Slide 12: Stable Returns Through the Cycle
Stable Returns Through the Cycle Return on Risk-Weighted Assets Return on Average Tangible Common Equity Peers include: CMA, FITB, HBAN, KEY, PNC, RF, STI, USB, and ZION Peers include: CMA, FITB, HBAN, KEY, MTB, PNC, STI, USB, and ZION Excludes impact of selected unusual items Amounts are calculated
Slide 13: Consistent Long-Term Earnings Power
Consistent Long-Term Earnings Power As originally reported 15-year compound annual growth rate 10.8% Excludes foreclosed property expense, provision for loan and lease losses, and securities gains (losses). $826 $1,024 $1,086 $1,586 $1,544 $1,888 $2,672 $2,790 $2,892 $3,120 $3,579 $4,123 $3,935 $3,7
Slide 14: Capital Strength
Capital Strength Basel I Tier 1 Common Ratio Basel I Tier 1 Ratio BBT Peers Regulatory capital information is preliminary. Risk-weighted assets are determined based on regulatory capital requirements. Under the regulatory framework for determining risk-weighted assets each asset class is assigned a
Slide 15: BB&T Leads in Dividend Yield
BB&T Leads in Dividend Yield Source: ThomsonOne As of September 30, 2014 2.6% 2.6% 2.3% 2.3% 2.2% 2.1% 2.1% 2.0% 2.0% 1.6% 0.6% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% BBT FITB USB MTB PNC STI HBAN RF KEY CMA ZION Dividend Yield of BBT and Peers
Slide 16: Total Shareholder Returns September 30, 2014
4 YEAR 10 YEAR 15 YEAR 20 YEAR Total Shareholder Returns September 30, 2014 BB&T Peer Average S&P Financials Index Peer Average BB&T S&P Financials Index BB&T Peer Average S&P Financials Index BB&T Peer Average S&P Financials Index Peers include CMA, FITB, HBAN, KEY, MTB, PNC, RF, STI, USB, and ZION
Slide 17: Industry Leading Recognition
Industry Leading Recognition BB&T’s website ranked #1 in Overall Customer Experience in Keynote’s 2013 Competitive study evaluating US Retail Bank Marketing websites BB&T was recognized as one of “Forbes Best Banks 2014” by Forbes Training Magazine recognized BB&T as one of the world’s TOP 125 organ
Slide 18: Industry Leading Client Satisfaction
Industry Leading Client Satisfaction * From Maritz Research Retail Client Satisfaction and Loyalty Competitive Survey, represent percentage of “top box” scores, indicating a or rating on a 10-point scale. Peers include Bank of America, PNC/RBC, Regions, SunTrust and Wells Fargo Winner of 20 Excellen
Slide 19: The Most Engaged Associates
BB&T exceeds the industry norm of 59% The Most Engaged Associates Reported in Kenexa’s 2012/2013 WorkTrends Report Overall, I am very satisfied working at BB&T. I rarely consider looking for a job outside of BB&T. I am proud to work for BB&T. I would recommend BB&T as an employer. I am motivated to
Slide 20: 2014 Key Strategic Objectives
2014 Key Strategic Objectives Deliver the BB&T Value Promise thereby creating the Perfect Client Experience Ensure a strong associate value proposition Accelerate revenue growth in a very competitive environment Continue the development of the risk management culture throughout the organization to p
Slide 21: BB&T's Culture
BB&T’s Culture
Slide 22: 3 Non-negotiables at BB&T
Everything else is strategic or tactical and will be adapted to accomplish our ultimate goal of maximizing shareholder returns 3 Non-negotiables at BB&T
Slide 23: Our ultimate purpose
Our ultimate purpose is to create superior, long-term economic rewards to our owners (shareholders)
Slide 24: To create the best financial institution possible
BB&—T TO CREATE THE BEST FINANCIAL INSTITUTION POSSIBLE “The Best of the Best”
Slide 25: Our Mission
Our Mission Helping our CLIENTS CLIENTS achieve economic success and financial security; Creating a place where our ASSOCIATES ASSOCIATES can learn, grow and be fulfilled in their work; Making the COMMUNITIES COMMUNITIES in which we work better places to be; and thereby: Optimizing the long-term ret
Slide 26: Values Are Consistent and Important
26 Values Are Consistent and Important
Slide 27: Our Best Days are Ahead!
BB&t Our Best Days are Ahead!
Slide 28: Susquehanna Bancshares employee meeting transcript
SUSQUEHANNA BANCSHARES, INC. 11-14-14/11:00 am CT Confirmation # SUSQUEHANNA BANCSHARES, INC. November 14, 2014 11:00 am CT Kelly King: Good evening everybody, thanks for coming out. As (Bill) said, we recognize that many of you travelled a long way to be here on short notice and we apologize for th
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