Slide 1: SCBT Financial Corporation 1st Quarter 2013 Earnings Conference Call
SCBT Financial Corporation 1st Quarter 2013 Earnings Conference Call April 26, 2013
Slide 2: Forward Looking Statements and Non-GAAP Measures
Forward Looking Statements and Non-GAAP Measures 2 Cautionary Statement Regarding Forward Looking Statements Statements included in this report 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
Slide 3: 1st Quarter 2013 Highlights
1st Quarter 2013 Highlights Savannah Bancorp system conversion complete Announcement of First Financial Holdings merger Net Income of $10.6 Million or $0.63 per diluted share Operating income of $12.0 Million or $0.71 per diluted share Net Interest Margin increased to 4.94% Continued Asset Quality I
Slide 4: 1st Quarter 2013 Highlights: Loans, Deposits, Trust and Mortgage
Loans $33 Million in legacy loan growth came primarily in Upstate South Carolina, Savannah & Northeast Georgia markets Growth in commercial real estate and C&I loans New loan growth of ~ $20 Million out of the Savannah market since Dec-12 closing Acquired loans have declined $79 Million in 1st quart
Slide 5: Loan Portfolio Mix
FDIC Assisted loans (including Loan Indemnification Asset) represents 9% of our portfolio Accounting guidance provided in ASU 2012-06 is consistent with our treatment from the beginning Blended yield on FDIC portfolio (adjusted for negative accretion of the Indemnification Asset) is 5.54% (1Q13) Loa
Slide 6: Margin Analysis
Margin Analysis 6 First Quarter Ended Linked Quarter March 31, December 31, March 31, Quarter 2013 - 2012 YIELD ANALYSIS 2013 2012 2012 % Change % Change Interest-Earning Assets: Average balance $ 4,489,186 $ 3,972,276 $ 3,371,704 13.0% 33.1% Interest earned $ 56,169 $ 50,263 $ 42,220 11.8% 33.0% Av
Slide 7: Noninterest Income
Noninterest income $9.5 million, decrease of $1.4 million (12.6%) linked quarter FDIC I/A amortization expense increased $624 thousand due to credit releases Deposit Service Charges decreased $552 thousand Primarily due to NSF Fee seasonality Bankcard services increased $228 thousand Mortgage bankin
Slide 8: Noninterest Expense
Noninterest Expense Noninterest expense decreased $1.7 million (3.5%) in 1Q13 to $46.4 million Increases in core categories related to first full quarter impact of Savannah Bancorp Salaries & Benefits increased $1.9 million Occupancy increased $694 thousand Information & Bankcard services increased
Slide 9: Economic Trends
9 Economic Trends 2017 CAGR Projected Population Growth Unemployment - Feb 13 Building Permits YOY Personal Income Growth YOY 2017 Projected Median Household Income 4.0%
Slide 10: Pro Forma Highlights: SCBT & First Financial Partnership
Source: SNL Financial Pro forma figures exclude purchase accounting adjustments Financial data as of 12/31/2012 SCBT (82 branches) FFCH (66 branches) NORTH CAROLINA SOUTH CAROLINA GEORGIA Charlotte Wilmington Myrtle Beach Hilton Head Island Savannah Atlanta Florence Columbia Spartanburg Greenville A