Oceanfirst Financial Corp. · NASDAQ:OCFC
Oceanfirst Financial — Merger or Acquisition (November 2021)
8 slides from Oceanfirst Financial's merger presentation, Nov 4, 2021
Slide 1: Investor Presentation: Acquisition of Partners Bancorp
Investor Presentation Acquisition of Partners Bancorp Exhibit 99.1
Slide 2: Legal Disclaimer: Cautionary Notes on Forward Looking Statements
Legal Disclaimer Cautionary Notes on Forward Looking Statements This communication contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amen
Slide 3: Legal Disclaimer (Continued)
Legal Disclaimer (Continued) Additional Information about the Proposed Transaction This communication is being made in respect of the proposed transaction involving OceanFirst and Partners Bancorp. In connection with the proposed transaction with Partners Bancorp, OceanFirst intends to file a regist
Slide 4: Building a Premier Regional Franchise
Central & Northern New Jersey Region Southern New Jersey Region Greater Philadelphia Region New York Region Baltimore Region CT NJ PA MD DC DE VA MA RI Boston Region NH NY ME Delmarva Region Virginia Region Building a Premier Regional Franchise Pro Forma Financial Highlights1 $13.5B Assets2 $1.5B Ma
Slide 5: Partners Bancorp Company Overview
Overview of Partners Bancorp Company Overview Historical Loan Growth ($millions)2 Partners Bancorp is the multi-bank holding company created in 2019 by the merger between The Bank of Delmarva and Virginia Partners Bank Financial Highlights (2021Q3) Loan and Deposit Composition3 Market Cap ($M)1 $154
Slide 6: Transaction Summary
Transaction Summary Key Financial Metrics2 ~10% 2023 EPS Accretion ~(4)% Tangible Book Value Dilution ~3 years TBV Earnback (crossover) ~1.13% Pro Forma 2023 Est. ROAA 8.4% Pro Forma TE / TA Ratio Transaction Consideration Valuation Multiples2,3 Key Transaction Assumptions 146% of TBVPS 17.2x LQA EP
Slide 7: Experienced and Seasoned Acquiror
Experienced and Seasoned Acquiror Assets: $142 M 2015 2016 2017 2018 2019 2020 2021 ’15 – YTD Growth: Total Assets CAGR: 33% Assets: $1.1 B Assets: $1.6 B Assets: $2.0 B Assets: $495 M Assets: $798 M Assets: $1.1 B Assets: $1.6 B
Slide 8: OCFC Balance Sheet: Loan and Deposit Growth
OCFC Balance Sheet: Loan and Deposit Growth Total 2015 – YTD Deposits CAGR: 36% Total 2015 – YTD Loans CAGR: 31% PTRS acquisition
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