Slide 1: First Quarter 2022 Earnings Presentation
Fixed Income Investor Presentation September 2019[Month] [Day], 2019First Quarter 2022 Earnings Presentation cshares, Inc. Exhibit 99.2
Slide 2: Forward-Looking Statements and Non-GAAP Financial Measures
2 Certain statements in this presentation 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 Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Ac
Slide 3: Allegiance Bancshares, Inc. Overview
3 Allegiance Bancshares, Inc. Overview Franchise Footprint Holding Company for Allegiance Bank; Headquartered in Houston, Texas Company Overview Providing full-service banking services for small- to medium-sized businesses Operational History 27 full-service banking locations (at March 31, 2022) •
Slide 4: Financial Highlights – First Quarter 2022
4 Financial Highlights – First Quarter 2022 Assets of $7.15 billion, loans of $4.28 billion, deposits of $6.16 billion and shareholder's equity of $751.9 million at March 31, 2022 • Record core loan growth of $274.1 million, or 7.0% from first quarter 2021; core loans exclude Paycheck Protection P
Slide 5: Announced Merger of Equals with CBTX, Inc.
5 Announced Merger of Equals with CBTX, Inc. Creates a premier Texas financial institution by combining two of the largest Houston-focused banks Generates significant shareholder value through materially enhanced metrics True merger-of-equals – combined management team and equal board contribution C
Slide 6: Pending MOE Poised to Create Largest Deposit Market Share
6 $2.2 $3.3 $3.5 $3.6 $5.5 $6.3 $6.3 $6.5 $6.8 $8.0 $8.7 $13.8 $16.1 Truist CHARLIE Texas Capital Comerica ALPHA Woodforest BancorpSouth Prosperity Capital One Frost PRO FORMA Zions PNC BofA Wells Fargo JPMorgan RANKED #6 PRO FORMA IN HOUSTON REGION (1) MARKET SHARE HOUSTON REGION Houston-The Woodla
Slide 7: Houston Region Deposit Market Share
7 Number of Branches Total Deposits In Market ($000) Total Market Share (%) % of Company Deposits Total Deposits In Market ($000) Total Market Share (%) Size Profile Houston-The Woodlands-Sugar Land, TX JPMorgan Chase & Co. (NY) 1 1 176 155,894,884$ 47.11 7.75 144,957,958$ 48.45 >$1T Wells Fargo & C
Slide 8: Historical Balance Sheet Growth
8 Historical Balance Sheet Growth Total LoansTotal Assets Total EquityTotal Deposits _____________________ Note: Dollars in millions. (1) Includes $1.50 billion in assets acquired on October 1, 2018. (2) Includes $1.16 billion of acquired loans at fair value on October 1, 2018. (3) Includes $1.29 bi
Slide 9: Earnings Performance
9 $22.9 $17.6 $37.3 $53.0 $45.5 $81.6 $18.0 $18.7 $1.75 $1.31 $2.37 $2.47 $2.22 $4.01 $0.89 $0.91 $0.00 $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $0.0 $10.0 $20.0 $30.0 $40.0 $50.0 $60.0 $70.0 $80.0 $90.0 2016 2017 2018 2019 2020 2021 Q1 2021 Q1 2022 Ea rn in gs p er S ha re ($ ) Ne t I
Slide 10: Earnings footnotes: adjustments
10 (1) Includes $9.6 million of acquisition accounting adjustments, $1.3 million of acquisition and merger related expenses, $1.4 million of pre-tax severance expense, $1.1 million FDIC Small Bank Assessment Credit, $1.5 million of gain on sales of securities offset by $572 thousand of prepayment pe
Slide 11: Yields and Cost Analysis
11 5.15% 5.09% 5.32% 5.32% 5.02% 5.06% 5.07% 5.00% 4.95% 4.87% 0.41% 0.32% 0.28% 0.25% 0.23% 0.00% 0.50% 1.00% 1.50% Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 4.00% 4.50% 5.00% 5.50% 6.00% Co st of D ep os its Yi eld o n Lo an s Yield on Loans Yield on Loans (excl. PPP) Cost of Deposits 4.19% 4.02% 3.
Slide 12: Capital Position – Allegiance Bancshares, Inc.
12 Common Equity Tier 1 RatioTangible Equity / Tangible Assets(1) Total Risk-Based RatioTier 1 Risk-Based Ratio Capital Position – Allegiance Bancshares, Inc. _____________________ (1) Please refer to the non-GAAP reconciliation in the appendix. 9.38% 10.29% 9.78% 8.90% 8.42% 7.44% 2017 2018 2019 20
Slide 13: Deposit Composition and Growth
13 Deposit Composition and Growth Deposit Growth TrendDeposit Composition _____________________ Note: Dollars in millions. As of the quarter ended March 31, 2022. Certificates and Other Time 19.2% Noninterest-bearing 38.2% Interest- bearing Demand 17.4% Money Market and Savings 25.2% Deposit Categor
Slide 14: Loan Portfolio Composition
14 C&I 16.7% Paycheck Protection Program (PPP) 1.8% CRE (incl. multifamily) 51.3% CRE C&D 10.6% Residential Construction 3.2% 1-4 family residential 15.6% Consumer and Other 0.8% Total Loan Portfolio Composition 55.1% of CRE is Owner-Occupied CRE (incl. multi-family) by Property Type CRE Constructio
Slide 15: Strong Asset Quality
15 Allowance / Total LoansAllowance / Nonperforming Loans Net Charge-offs / Average Loans(1)Nonperforming Loans / Total Loans Strong Asset Quality 121.0% 258.8% 259.0% 252.7% 107.3% 177.4% 79.9% 103.8% 184.0% 198.7% 187.3% 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Q1 2022 1.13% 0.80% 0.82% 0
Slide 16: Non-GAAP Financial Measures
16 Our management uses certain non-GAAP financial measures in its analysis of our performance: “Tangible Shareholders’ Equity” is a non-GAAP measure generally used by financial analysts and investment bankers to evaluate financial institutions. Tangible shareholders’ equity is defined as total sha