Susquehanna Bancshares — Merger or Acquisition (November 2014)
13 slides from Susquehanna Bancshares's merger presentation, Nov 12, 2014
Slide 1: Acquisition of Susquehanna Bancshares Expands Attractive Mid-Atlantic Franchise
Exhibit 99.2 BB&T ft i ‘ i /] f ii BB&T Corporation Acquisition of Susquehanna Bancshares Expands Attractive Mid-Atlantic Franchise November 12, 2014
Slide 2: Forward-Looking Statements
Forward-Looking Statements This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, BB&T’s and Susquehanna’s expectations or predictions of future financial or business performance or conditions.
Slide 3: Strategic and Compelling Acquisition of Susquehanna
Strategic and Compelling Acquisition of Susquehanna Strategically compelling Susquehanna Financial Highlights New and attractive contiguous markets Assets ($MM) $18,583 Top 5 pro forma market share in Susquehanna’s markets Total Loans ($MM) 13,426 Adds to the diversity of BB&T’s footprint Deposits (
Slide 4: Key Transaction Terms
Key Transaction Terms $2.5 billion aggregate consideration $13.50 per Susquehanna common share(1) Purchase Price Price / LTM EPS: 16.3x Price / TBV: 1.69x 7.4% deposit premium 70% stock / 30% cash Consideration 0.253 BB&T shares and $4.05 cash for each Susquehanna share Tax free transaction for stoc
Slide 5: Significant Market Share Expansion in Attractive Mid-Atlantic Region
Significant Market Share Expansion in Attractive Mid-Atlantic Region (1)(2) Deposit Market Share in Susquehanna’s Footprint Deposit Deposits Market Williamsport Rank Institution Branches ($MM) Share 1. Wells Fargo 368 $31,121 13.3% Reading Harrisburg Lancaster Philadelphia 2. PNC 378 22,929 9.8 Camd
Slide 6: Susquehanna's Historical Loan & Deposit Profile
Susquehanna’s Historical Loan & Deposit Profile Loan Composition ($MM) Deposit Composition ($MM) $13,589 $13,576 $13,426 $12,869 $12,895 $12,580 $733 $1,595 $719 $703 $1,401 $953 $731 $1,451 $843 $817 $736 $10,448 $10,291 $2,528 $848 $2,424 $9,654 $9,827 $9,633 $1,219 $1,326 $2,294 $550 $9,192 $1,23
Slide 7: Susquehanna's Revenue Profile
Susquehanna’s Revenue Profile Susquehanna’s Revenue Composition For the Nine Months Ended September 30, 2014 Susquehanna Bank $18.4 billion of assets as of 9/30/14 Vehicle Origination & Servicing Fees Operates a regional community banking model 1% with multiple regional leadership teams Other Mortga
Slide 8: Leveraging BB&T's Proven Practices Across a Broader Platform
Leveraging BB&T’s Proven Practices Across a Broader Platform Cincinnati Pennsylvania Acquisition of The Bank of Kentucky Pennsylvania will be the 3 rd most ($1.8 billion in assets) populous state in BB&T’s footprint #1 in Northern Kentucky Lancaster will be the 3 rd most #7 in Cincinnati MSA populou
Slide 9: BB&T's Business Model Thrives Across Markets of Widely Differing Characteristics
BB&T’s Business Model Thrives Across Markets of Widely Differing Characteristics Cincinnati North West Pennsylvania Texas MSA Carolina Florida Virginia Kentucky Total Population (MM) (1) 12.8 26.7 2.1 9.9 19.7 1.9 4.4 per Bank Branch 2,865 3,908 2,771 3,851 3,613 2,807 2,550 # of Middle Market and S
Slide 10: Community Banking Model is a Key Driver of BB&T's Success
Community Banking Model is a Key Driver of BB&T’s Success BB&T’s approach to Shaded counties depict existing regions and new community banking has region created for northern Kentucky / greater Cincinnati yielded broad success Anticipated new regions to be established upon Collaboration and the clos
Slide 11: BB&T's Culture is Non-negotiable
BB&T’s Culture is Non-negotiable To Create the Best Financial Institution Possible Be The Best of the Best! Helping our CLIENTS achieve economic success and financial security Creating a place where our ASSOCIATES can learn, grow and be fulfilled in their work Making the COMMUNITIES in which we work
Slide 12: Summary Observations
Summary Observations Susquehanna is an attractive opportunity to broaden the BB&T franchise Exciting new contiguous markets Compatible culture Builds on recent expansions in Cincinnati and Texas Value accretive to shareholders Community banking model is a key driver of BB&T’s success Acquisition str
Slide 13: Slide 13
Susquehanna Bancshares — Merger or Acquisition (November 2014) on 6ix