Wintrust Financial Corporation · NASDAQ:WTFC
Wintrust Financial — Merger or Acquisition (April 2024)
9 slides from Wintrust Financial's merger presentation, Apr 15, 2024
Slide 1: Wintrust Financial Corporation Acquisition of Macatawa Bank Corporation
Wintrust Financial Corporation Acquisition of Macatawa Bank Corporation: Strategic Expansion Into West Michigan With a High - Performing Banking Platform April 15, 2024
Slide 2: Forward Looking Statements
2 Forward Looking Statements This communication contains forward - looking statements within the meaning of the federal securities laws relating to the propose d acquisition of Macatawa Bank Corporation (“Macatawa”) by Wintrust Financial Corporation (“Wintrust”) and integration of Macatawa with Wint
Slide 3: Transaction Highlights
x Macatawa is a high - performing commercially - focused community bank that can be leveraged to drive future Wintrust growth into complementary Michigan markets x History of robust financial returns; Macatawa currently operates at a 1.60% ROAA (2023Y) x Macatawa to maintain, like other Wintrust sub
Slide 4: Overview of Macatawa Bank Corporation
Non - Interest Bearing 27% Interest Bearing Demand 26% Savings & Money Market 34% CDs 13% C&I 38% Real Estate - Mortgage 36% Real Estate - Construction 8% Residential Mortgage 14% Consumer 4% A High - Performing West Michigan Commercially - Focused Community Bank with a Strong Core Deposit Franchise
Slide 5: Macatawa Bank: A Leading Franchise Across All Key Attributes
Bank Industry (1) Macatawa vs. Macatawa Top Quartile Median Bank Industry (1) Cost of Deposits (Q4’23) 1.35% 1.58% 2.10% x + Non - Time Deposit Composition 87% 87% 85% x + Cycle - to - Date Deposit Beta (2) 25% 29% 38% x + Loan / Deposit Ratio 55% 78% 85% x + Cash / Assets 16% 6% 4% x + CET1 Ratio 1
Slide 6: Macatawa Bank's Strong Presence in the West Michigan Market
Rank Local Deposits / (Overall) Rank (3) Deposits Branches Branch (#) (#) Company ($Bn) (#) ($MM) 1 - Huntington 5.7 36 157 2 - Fifth Third 5.6 36 155 3 - Northpointe Bancshares (4) 3.0 1 3037 4 - JPMorgan Chase 3.0 23 129 5 1 Macatawa Bank 2.2 24 91 6 2 Mercantile Bank 2.1 13 159 7 3 Independent Ba
Slide 7: Key Transaction Terms
Notes: 1. Market data as of April 15, 2024 7 Key Transaction Terms • Consideration Mix – 100% WTFC common stock • Exchange Ratio – Floating exchange ratio with a symmetrical collar of ̃ $12.00 per WTFC share price at signing (as set forth in the merger agreement); fixed exchange ratio outside of col
Slide 8: Key Takeaways
8 Key Takeaways Low Execution Risk Driven by Pristine Asset Quality, Consistent Operating Cultures and Wintrust’s Proven Acquisition Expertise Utilize High - Performing Macatawa Platform for Future Growth in Michigan Expansion into Economically Attractive Greater Grand Rapids and West Michigan Marke
Slide 9: Important Information for Investors and Security Holders and Participants in the Solicitation
9 Important Information for Investors and Security Holders and Participants in the Solicitation Important Information for Investors and Security Holders This communication is being made in respect of the proposed merger transaction involving Wintrust and Macatawa. This communi cat ion is for informa
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