Independent Bank Corp. · NASDAQ:INDB
Independent Bank — RBC Capital Markets Financial Institutions Conference 2005
22 slides from Independent Bank's conference presentation, Sep 21, 2005
Slide 1: Investor Presentation RBC Capital Markets Financial Institutions Conference 2005
Investor Presentation RBC Capital Markets Financial Institutions Conference 2005 September 21, 2005
Slide 2: Company Footprint
Company Footprint Rhode Island Massachusetts Atlantic Ocean Attleboro Middleboro Bridgewater Carver Wareham Sandwich Falmouth Mashpee Centerville Osterville Hyannis West Dennis Harwichport Chatham Orleans Stoughton Hull Cohasset Scituate Marshfield Pembroke Duxbury Hingham Braintree Weymouth Norwell
Slide 3: Investment Summary
Investment Summary Established Regional Brand in a Growth Market with Increasingly Unique Market Position Disciplined Core Business Strengthening Underway Superb Asset Quality and Significant Reserve Coverage Strong Net Interest Margin Well Balanced Traditional Banking Balance Sheet Improving Operat
Slide 4: Growth Market - Infrastructure Improvements
Growth Market - Infrastructure Improvements Greenbush Line Rt. 3 Expansion Rt. 44 Expansion
Slide 5: Projected Growth
Projected Growth Source: SNL Financial US 0.1102 MA 0.1381 Plymouth County 0.1291 Barnstable County 0.1223 US 0.0484 MA 0.0151 Plymouth County 0.0458 Barnstable County 0.0481
Slide 6: Deposit Market Share
Deposit Market Share Source: SNL Financial; Deposit/Market Share data as of June 30, 2004 including pending transactions. (Includes Credit Unions)
Slide 7: 2003/2004 Core Business Strengthening
2003/2004 Core Business Strengthening Broadened product set Risk Management processes Business Banking platform Falmouth Bancorp acquisition Technology platform and business process improvements Strengthened team and development processes
Slide 8: Strong Asset Quality
Delinquency/Loans Strong Asset Quality ($ in millions) Reserve/Loans NPA's/Assets
Slide 9: Net Interest Margin (FTE)
Net Interest Margin (FTE) * Includes impact of FIN 46 prospectively. Impact of approx. 0.13% for 2004 and 0.19% for 2005.
Slide 10: Earning Asset Profile
Earning Asset Profile 2000 June 2005 Total Earning Assets $1,785,171 Total Earning Assets $2,762,447
Slide 11: Strong Core Funding
Strong Core Funding 2000 June 2005 Total Deposits $1,489,222 Total Deposits $2,149,397
Slide 12: Consumer Household Growth
Consumer Household Growth 2004 includes 2,296 Households from Falmouth Bancorp acquisition . Consumer households with a checking account relationship only. 9% annualized growth 15.5% growth
Slide 13: New Business Generation
Total Home Equity Loans and Lines New Business ($ in millions) New Business Generation Total Commercial Loans New Business ($ in millions) Investment Management New Business ($ in millions)
Slide 14: New Business Generation (Cont'd)
Mortgage New Business ($ in millions) New Business Generation (Cont'd) Consumer - Indirect New Business ($ in millions)
Slide 15: Financial Performance Ratios: ROA and ROE
Return On Average Assets Financial Performance Ratios Return On Average Equity
Slide 16: Financial Performance Ratios: Diluted Earnings Per Share
Financial Performance Ratios Diluted Earnings Per Share ($'s) Operating Basis GAAP Basis Diluted Earnings Per Share ($'s)
Slide 17: 2005 Financial Performance
2005 Financial Performance *Excludes impact of securities gains and merger and acquisition costs.
Slide 18: Interest Rate Risk
NASDAQ: INDB terest Rate Risk Net Interest Income Sensitivity (Ramped) First 12 Months Parallel Shift +200 -1.41% -200 -1.19% INDEPENDENT. Slide Number: 18
Slide 19: 2005 Strategic Goals
Improve the Customer Experience Enhance our colleague capital Significantly improve and expand business development Improve operating efficiency Enhance information infrastructure and analysis capability Evaluate market expansion opportunities - both organic and acquisition 2005 Strategic Goals
Slide 20: 2005 Financial Metrics
2005 Financial Metrics GAAP Diluted EPS $2.15 - $2.18 (6-7% Growth) Operating Diluted EPS $2.13 - $2.16 (11-13% Growth) Net Interest Margin 3.85%+ GAAP ROA 1.07% GAAP ROE 14.86% Efficiency Ratio 61%
Slide 21: INDB Stock Performance
INDB Stock Performance 8 Months Ending 8/31/05
Slide 22: Contact Information
Investor Presentation NASDAQ Ticker: INDB www.rocklandtrust.com Denis Sheahan - CFO Shareholder Relations: Jennifer Kingston (781) 878-6100 Statements contained in this presentation that are not historical facts are "forward-looking statements" that are subject to risks and uncertainties which could
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