Qcr Holdings, Inc. · NASDAQ:QCRH
Qcr — Merger or Acquisition (April 2018)
16 slides from Qcr's merger presentation, Apr 18, 2018
Slide 1: Merger with Springfield Bancshares, Inc.
April 18, 2018 Exhibit 99.3 Merger with Springfield Bancshares, Inc.
Slide 2: Forward-looking statements
This presentation 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 (the “Company” or “QCRH”) and Springf
Slide 3: Additional information about the proposed transaction
QCR Holdings will file a registration statement on Form S-4 with the SEC in connection with the proposed transaction. The registration statement will include a proxy statement of Springfield Bancshares that also constitutes a prospectus of QCR Holdings, which will be sent to the stockholders of Spri
Slide 4: Transaction Rationale
TRANSACTION Rationale Combination of two high performing organizations creating a $4.6 billion company Committed management team highly regarded in the Springfield, MO community Deep, long standing commercial relationships within the community Buy-in from key Springfield First Community Bank busines
Slide 5: Corporate Overview (Pro Forma)
Subsidiaries Include: Corporate Overview NASDAQ: QCRH (Pro Forma) Russell 2000® Index Member Since June 30, 2015 $4.6 Billion in Assets $3.6 Billion in Loans $3.7 Billion in Deposits 29 Facilities Quad City Bank & Trust (5) Cedar Rapids Bank & Trust (5)* Rockford Bank & Trust (2) m2 Lease Funds LLC
Slide 6: Springfield Bancshares, Inc. Overview
Springfield Bancshares, Inc. Overview Overview Springfield, MO Financial Highlights (3/31/18) Established in 2008, Springfield Bancshares, Inc. is a leading commercial bank in the Springfield, MO MSA More than $560M in assets and nearly $450M in deposits More than $200M in loan participations sold P
Slide 7: Attractive performance and growth profile
Attractive performance and growth profile Net Income (S-Corp) ($M) Gross Loans ($M) Achieved compound annual loan growth of 14.6% since 2013 Strong and improving profitability Underwriting capabilities demonstrated by near-zero non-performing loans as of March 31, 2018 Non-performing Assets / Total
Slide 8: Loan & Deposit Composition
Loan & Deposit Composition QCRH Pro Forma Springfield QCRH Pro Forma Springfield Loans Deposits Source: S&P Global Market Intelligence and Company documents. $3.1B $0.5B $3.6B $3.3B $0.4B $3.7B
Slide 9: Fee Income expansion opportunities
Fee Income expansion opportunities Source: S&P Global Market Intelligence and Company documents. By Product 2017 ($mm): $30.5 % of Average Assets: 0.86% 2017 ($mm): $1.9 % of Average Assets: 0.36%
Slide 10: Springfield, MO is a growing center of commerce
Springfield, mo is a growing center of commerce The Springfield, MO MSA’s economic output (gross metro product) grew 34% in the past decade 3.3% unemployment rate in January 2018 Significant national brands including O’Reilly Auto Parts and Bass Pro Shops headquartered in Springfield Springfield, MO
Slide 11: Springfield, MO is Consistent with Existing Markets
Springfield, MO is Consistent with Existing Markets Source: S&P Global Market Intelligence. Deposit data as of June 30, 2017. Merger with Springfield is consistent with our M&A strategy and type of market targeted for expansion Springfield, MO market exhibits strong growth prospects Springfield Firs
Slide 12: Transaction consideration & multiples
Transaction consideration & multiples Based upon the excess of the implied purchase price per share of $15.33 over the exercise price of each option. Based on QCRH’s closing price of $45.20 as of 4/16/18. Consideration to common holders is based on 5,457,329 common shares plus the vesting of outstan
Slide 13: Conservative Assumptions & Attractive Impacts
Conservative Assumptions & Attractive Impacts Assumptions Impacts Cost Savings Estimated $1.4 million in 2018, $1.6 million in 2019 Approximately 16% of Springfield’s non-interest expense Participations Approximately $73.5 million of loan participations expected to be brought onto balance sheet as t
Slide 14: Transaction summary
Meaningful EPS Accretion: 8.0% accretive in the first full year Tangible book value dilution of ~4% TBV earnback period of 3.0 years(1) Capital ratios at closing in excess of well-capitalized thresholds Internal rate of return of approximately 20% Financially Attractive Expansion into growing Spring
Slide 15: QCRH's Mission, Vision and Values
QCRH will be ranked in the top quartile ROA of peer firms by 2020 and continue to reward shareholders and employees while strengthening our communities The mission of QCR Holdings, Inc. is to make our customer’s financial dreams a reality OUR MISSION OUR VISION OUR VALUES – LIVED AND EXPECTED OF ALL
Slide 16: QCR Holdings contact details
3551 7th Street Moline, Illinois 61265 www.qcrh.com