Seacoast Banking Corporation Of Florida · NASDAQ:SBCF
Seacoast Banking Corporation Of Florida — Seacoast Banking Corp of Florida — Merger or Acquisition (November 2005)
7 slides from Seacoast Banking Corporation Of Florida's merger presentation, Nov 29, 2005
Slide 1: Strength drives profits
INTERNAL strength drives profits
Slide 2: Cautionary Notice Regarding Forward-Looking Statements
2 Cautionary Notice Regarding Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, without limitation, statements about the benefits of the
Slide 3: Overview of Big Lake Financial
Overview of Big Lake Financial Established in 1986 to service the southern / central area of Florida Nine full service branches in seven counties in central Florida (two operations facilities) #1 community bank headquartered in the seven county growing markets Extensive community banking experience
Slide 4: Deal Terms
Deal Terms1 SBCF will pay $71.62 for each fully diluted share of Big Lake Total deal value of approximately $43 million Common shares will be exchanged for 1,775,000 shares of SBCF stock No significant change in pro-forma capital ratios (1) At Announcement
Slide 5: Transaction Merits
Transaction Merits Accretive to projected EPS (without cost-outs) for the foreseeable future Clear cost saving opportunities - efficiency ratio 65% to 70% Significant potential revenue enhancements from increased loan growth Merger execution risks mitigated by future growth and efficiencies Comparab
Slide 6: Geographic Markets
Geographic Markets Big Lake Markets in Blue SBCF Markets in Red SBCF Markets in Red SBCF Markets in Red
Slide 7: Strength drives profits
INTERNAL strength drives profits
Seacoast Banking Corp of Florida — Merger or Acquisition (November 2005) on 6ix