Truist Financial Corporation · NYSE:TFC
Truist Financial — BB&T — IPO Roadshow (August 2009)
16 slides from Truist Financial's IPO roadshow presentation, Aug 17, 2009
Slide 1: FDIC Assisted Acquisition of Colonial Bank
Filed Pursuant to Rule 433 Registration No. 333-152543 BB&T Corporation FDIC Assisted Acquisition of Colonial Bank Strategically compelling and financially attractive transaction enhances BB&T's franchise in key markets August 17, 2009 Best Bank in Town Since 1872
Slide 2: Forward-Looking Information
Forward-Looking Information This presentation contains certain forward-looking statements with respect to the financial condition, results of operations and businesses of BB&T. These forward-looking statements involve certain risks and uncertainties and are based on the beliefs and assumptions of th
Slide 3: Non-GAAP Information
Non-GAAP Information This presentation contains financial information determined by methods other than in accordance with accounting principles generally accepted in the United States of America (“GAAP”). BB&T’s management uses these “non-GAAP” measures in their analysis of the Corporation’s perform
Slide 4: Transaction Overview
Transaction Overview Transaction: BB&T has purchased and assumed select assets and liabilities from the FDIC as receiver of Colonial Bank No holding company assets or liabilities acquired Taylor Bean assets and liabilities excluded Indemnifications from the FDIC Purchasing $21.8bn of assets with $14
Slide 5: Transaction Rationale
Transaction Rationale Significant enhancement to branch footprint in the Southeast – will create the eighth largest U.S. deposit franchise 346 branches and $20.1bn in deposits acquired #4 Alabama franchise with 7.7% market share #5 Florida franchise with 3.8% market share Opportunity to sell BB&T’s
Slide 6: Franchise Branch Map
Franchise Branch Map WV MD IN 78 Branches 130 Branches (1) Colonial deposit composition by type 2 Branches $0.2bn Deposits $5.0bn Deposits #1 Rank $6.2bn Deposits #7 Rank #64 Rank KY 90 Branches DC Brokered Time $4.0bn Deposits 12 Branches deposits $1.1bn Deposits deposits > Demand #4 Rank 10% #7 Ra
Slide 7: Alabama, Florida and Georgia
Alabama, Florida and Georgia Pro forma Alabama, Florida and Georgia footprint Top MSAs (1) ($ in bn) Colonial Pro forma Deposits Deposits Rank Mkt Share Branches MSA Miami $3.2 $3.5 11 2.4% 68 Orlando 2.2 2.5 4 8.0 47 Montgomery 2.0 2.0 1 29.0 11 Tampa / St. Petersburg 1.4 2.7 5 5.8 61 Lakeland 1.1
Slide 8: Integration Has Already Begun
Integration Has Already Begun Over 425 BB&T “Ambassadors” currently working in Colonial Bank’s 346 branches Positioned at each branch in all five states to greet customers, provide support, and ensure a smooth transition Arrived on-site Friday for the announcement and will remain through the week Fa
Slide 9: Integration Plan
Integration Plan Branch network will be integrated into BB&T’s banking network Convert Colonial branches to BB&T’s platform; process identical to prior conversions Bring BB&T’s industry-leading sales and service culture Optimize staffing in the branches BB&T will leverage Colonial’s branch network f
Slide 10: Loan Portfolio Marks
Loan Portfolio Marks Precedent transactions – Credit marks Colonial credit marks by loan category 40% 37% Select portfolios 35% 32% Construction (& Related ORE) 67% 30% 25% Commercial Property (& Related ORE) 31 20% 18% C&I (& Related ORE) 15 17% 17% 15% 13% Home Equity 21 10% 9% Mortgage (& Related
Slide 11: Loss Share Covered Assets / Uncovered Assets
Loss Share Covered Assets / Uncovered Assets Total assets acquired: $21.8bn Loss share assets: $14.3bn $5.0bn of expected credit losses Covered assets – Loss Loss share agreement with threshold set at $5.0bn; no first loss share agreement FDIC assumes 80% of losses between $0.0 and $5.0bn ($14.3bn o
Slide 12: Capital Ratios
Capital Ratios BB&T pro forma capital ratios assuming a $750mm common equity raise ($ in bn) 6/30/09 BB&T (1) Pro forma Assets Total assets $152 $175 Tangible assets 146 169 RWA 114 118 Average assets for leverage ratio 143 164 Capital Tangible common equity $8.8 $9.4 Tier 1 common 9.6 10.2 Tier 1 c
Slide 13: Successful and Disciplined M&A Integrator
Successful and Disciplined M&A Integrator As of June 30, 2009, completed 151 BB&T M&A deals by year acquisitions in the past 15 years; 32 bank acquisitions 20 Proven track record of achieving cost savings targets Colonial meets or exceeds all acquisition 16 criteria Criteria Result 12 Expanding and
Slide 14: BB&T
BB&T Values are the foundation of BB&T. Values drive culture. Culture drives performance. Established history of prudent risk management. Diversified, stable business mix resilient in all operating environments. Uniquely positioned within Southeast landscape amid current turmoil. Proven and discipli
Slide 15: BB&T is Well-Positioned for the Future
BB&T is Well-Positioned for the Future Low risk balance sheet Superior profitability and balanced performance Superior credit performance relative to peers Best positioned for return to fundamental banking Stable net interest margin – limited interest Experienced management focused on driving rate r
Slide 16: Registration statement and prospectus notice
BB&T Corporation has filed a registration statement (including a prospectus) with the Securities and Exchange Commission for the offering to which this communication relates. Before you invest, you should read the prospectus in the registration statement and the other documents BB&T Corporation has