Qcr Holdings, Inc. · NASDAQ:QCRH
Qcr — Merger or Acquisition (August 2019)
7 slides from Qcr's merger presentation, Aug 13, 2019
Slide 1: Forward-looking statements
This document may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations, plans, objectives, future performance and business of QCR Holdings, Inc. (“QCR Holdings”) and Heartland Fina
Slide 2: Sale of Rockford Bank & Trust to Heartland Financial USA
34.5% of adjusted tangible pro-forma equity, or approximately $13.4 million SALE OF ROCKFORD BANK & TRUST TO HEARTLAND FINANCIAL USA Transaction Consideration Purchase Price Premium Expected Closing Rational Fourth quarter of 2019 - subject to the customary regulatory approvals and closing condition
Slide 3: Transaction Rationale
TRANSACTION RATIONALE “Divesting of RB&T will allow QCRH to redeploy capital in our more profitable markets and provide the best outcome for our shareholders." Larry J. Helling, CEO Positive outcome for RB&T and the Rockford Community Similar multi-charter structure and approach to client service; s
Slide 4: QCRH Pro forma metrics
QCRH Pro forma metrics Pro Forma Actual Without RB&T (1) Change NIM (GAAP) 3.25% 3.32% 0.07% NIM (TEY) (non-GAAP) (1) 3.40% 3.49% 0.09% ROAA 1.05% 1.13% 0.08% Efficiency Ratio (non-GAAP) (1) 66.35% 64.86% -1.50% TBV Per Share 26.02 $ 26.62 $ 0.59 $ TCE/TA % (non-GAAP) (1) 8.05% 9.17% 1.12% (1) See G
Slide 5: Pro forma GAAP to non-GAAP reconciliation
GAAP TO NON-GAAP RECONCILIATIONS Pro forma For the Six For the Six Months Ended Estimated Months Ended June 30 Pro forma June 30 (dollars in thousands) 2019 Change (6) 2019 NET INTEREST MARGIN (TEY) (1) Net interest income (GAAP) 74,921 $ (6,362) $ 68,559 $ Plus: Tax equivalent adjustment (2) 3,509
Slide 6: Pro forma reconciliation (cont.)
GAAP TO NON-GAAP RECONCILIATIONS (CONT.) Pro forma For the Six For the Six Months Ended Estimated Months Ended (dollars in thousands, except per share data) June 30 Pro forma June 30 TANGIBLE COMMON EQUITY TO TANGIBLE ASSETS RATIO (5) 2019 Change (6) 2019 Stockholders' equity (GAAP) 504,300 $ 9,364
Slide 7: Pro forma reconciliation (cont.)
GAAP TO NON-GAAP RECONCILIATIONS (CONT.) Proforma Months Ended (dota thousands, except pr share ta) “tune 30 "TANGIBLE COMMON EQUITY TO TANGIBLE ASSETS RATIO(S) 2019 ‘Stockholder equty (GAAP) S040 ose arable assets ‘3857 Tarai common equity (or GAAP) 3 aHoaes ‘Toa assets (GAAP) Ss so4ase Lens arg as