Slide 1: 3rd Quarter 2016 Earnings Call
3rd Quarter 2016 Earnings Call October 21, 2016
Slide 2: Forward Looking Statements
Forward Looking Statements Statements included in this communication which are not historical in nature are intended to be, and are hereby identified as, forward looking statements for purposes of the safe harbor provided by Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Slide 3: 3rd Quarter 2016 Highlights
3rd Quarter 2016 Highlights ! Net Loan Growth – 7% Annualized • Non-Acquired Loan Growth of $191 million, 16% annualized Outpaced Acquired run-off by $108.8 million • ! Non-Interest Bearing DDA Growth • Increased $59 million to just under $2.2 billion ! Continued Asset Quality improvement • • NPA’s/
Slide 4: Net Interest Margin
Net Interest Margin $83.0 5.00% $85.0 $75.0 4.50% 4.32% 4.29% $65.0 4.00% $55.0 3.50% $45.0 3Q 2015 4Q 2015 1Q 2016 2Q 2016 Net Interest Margin Net Interest Income 3Q 2016 *NIM includes Amortization of Indemnification Asset *Net Interest Income includes Amortization of IA increased for the average l
Slide 5: Average Interest Earning Assets
Average Interest Earning Assets Investment Securities $ 975 $ 964 $ (11 ) Loans - NonAcquired $ 4,624 $ 4,904 $ 280 Loans Held for Sale $ 37 $ 41 $ 4 6 Quarterly Averages Total Interest Earning Assets$ 7,750$ 7,823$ 73 Total Loans$ 6,269 $ 6,464 $ 1 95 Loans - Acquired$ 1 ,645$ 1 ,560 $ (85) Assets6
Slide 6: Non Interest Income Highlights
3rd Quarter 2016 Highlights Mortgage Banking 5.6 6.2 0.6 Acquired Loan Recoveries 2.0 2.2 0.2 Amortization of FDIC IA (4.4) 0.0 4.4 Total Non I nterest I ncome excluding FDI C Amortization $ 36.5 $ 35.3 $ (1 .2) 7 Total Non Interest Income$ 32.1$ 35.3$ 3.2 Other Income2.51 .2 (1 .3) Wealth Managemen
Slide 7: Efficiency Ratio
Efficiency Ratio 68.0% 65.0% 62.0% 59.0% 56.0% 53.0% 50.0% 3Q 2015 4Q 2015 1Q 2016 2Q 2016 3Q 2016 Adjusted* Efficiency Ratio Efficiency Ratio 8 consolidation, merger related expenses, securities gains or losses, and FDIC loss share early *Adjusted is a Non-GAAP financial measure that excludes the i
Slide 8: Earnings Per Diluted Share
Earnings Per Diluted Share $5.00 $4.11 $4.00 $3.00 $2.00 $1.00 $-2012 2013 2014 2015 2016 YTD Adjusted * EPS (Non - GAAP) EPS 9 consolidation, merger related expenses, securities gains or losses, and FDIC loss share early *Adjusted is a Non-GAAP financial measure that excludes the impact of branch t