Home Bancshares, Inc. · NYSE:HOMB
Home Bancshares — Merger or Acquisition (November 2010)
16 slides from Home Bancshares's merger presentation, Nov 19, 2010
Slide 1: FDIC-Assisted Acquisition Gulf State Community Bank
FDIC-Assisted Acquisition Gulf State Community Bank November 19, 2010 NASDAQ: HOMB www.homebancshares.com
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking statements that relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. The forward-looking statements conta
Slide 3: Transaction Overview
Transaction Overview Purchased and assumed select assets and liabilities from the FDIC of Gulf State Community Bank Acquired approximately $112 million in assets & assumed approximately $100 million in deposits Loss share protection on approximately $70 million of covered loans and approximately $10
Slide 4: Florida Panhandle Presence
Florida Panhandle Presence Eastpoint (1+2) Apalachicola Carrabelle (1+1) Port St. Joe (2) Lynn Haven Panama City (2) St. George Island (1+1) Panama City Beach Mexico Beach Southport Blountstown (2) Bristol Tallahassee (5) Panacea Crawfordville (3+1) Coastal-Bayside-Wakulla Acquisitions Gulf State Ac
Slide 5: Strategic Opportunity
Strategic Opportunity Additive to current Florida footprint Complements recent Panhandle transactions Coastal Community / Bayside Savings / Wakulla Bank Popular long-time vacation destination for many Arkansans Enhances franchise in Wakulla and Franklin counties Financially compelling transaction -
Slide 6: Overview of Gulf State
Overview of Gulf State Established on January 6, 1971 5 full service locations in two Florida counties - Franklin and Wakulla Core funded franchise ranked #2 in aggregate market share across its counties of operations Source: Core deposits defined as total deposits less jumbo time deposits MRQ as of
Slide 7: Deposit Market Share
Deposit Market Share Deposit Market Share (1) Gulf State ranked 2nd with aggregate market share of 22.1% in Franklin and Wakulla counties combined Ranked 2 in Franklin county and 3 Wakulla county On a pro forma basis, top 2 deposit market share in HOMB combined counties of operation in Florida panha
Slide 8: Deposit Composition
DDA NOW MM&S Retail Jumbo East 37 13 38 12 West 30.6 38.6 31 31.6 North 45.9 46.9 45 43.9 Deposit Composition DDA NOW MM&S Retail Jumbo East 8 41 20 31 West 30.6 38.6 31 31.6 North 45.9 46.9 45 43.9 DD NOW MM&S R J East 10 0 38 23 29 West 30.6 38.6 34.6 31.6 North 45.9 46.9 45 43.9 HOMB(1) Gulf Stat
Slide 9: Loan Composition
Loan Composition Loan Type HOMB (2) (9/30/10) Acquired Amount (3) (9/30/10) HOMB Pro-forma Total % of Pro-forma Total Loans Commercial RE (Non-farm/non-residential & agri.) $ 1,023 $25 $1,048 39% Construction/Land Development 533 23 556 21% Residential Real Estate 623 19 642 24% Commercial & Industr
Slide 10: Florida Pro-Forma Footprint
FLORIDA Port Charlotte Punta Gorda Marco Island Key Largo Islamorada Marathon (2) Big Pine Key West (3) Summerland 47 Branches (As of November 2010) Orlando (2) Winter Park Longwood (2) Clermont Eastpoint (1+2) Apalachicola Carrabelle (1+1) Port St. Joe (2) Lynn Haven Panama City (2) St. George Isla
Slide 11: Florida Deposit Market Share
Florida Deposit Market Share Selected Markets Branch Count HOMB Pro-forma Deposits (6/30/10) Total Deposits in Market Deposit Market Share Rank Deposit Market Share % Franklin County, FL 8 $225 $264 1 85.2% Wakulla County, FL 5 196 259 1 75.8 Liberty County, FL 1 15 43 2 34.8 Gulf County, FL 2 68 22
Slide 12: Historical Acquisitions
Historical Acquisitions Year Acquired Bank Location Assets ($mm) 2003 Community Bank Cabot, AR $326 2005 Twin City Bank North Little Rock, AR $633 2005 Marine Bank Marathon, FL $258 2005 Bank of Mountain View Mountain View, AR $203 2008 Centennial Bank Little Rock, AR $234 2010 Old Southern Bank Orl
Slide 13: Potential Future Opportunities
Florida Tallahassee Jacksonville Orlando Miami Tampa Potential Future Opportunities Potential Opportunity Total Institutions: 53 Total Assets: $17.0bn Median Age: 11 years Potential Opportunities Asset Size Distribution Source: SNL Financial Includes regulated depositories headquartered in Florida w
Slide 14: Conclusion
Conclusion Enhances Florida franchise Acquisition provides scale in Florida Panhandle Logical extension of existing HOMB franchise Financially attractive transaction Accretive to earnings, book value, tangible book value with conservative assumptions Acquisition is consistent with HOMB's operating s
Slide 15: Contact Information
Contact Information Corporate Headquarters Home BancShares, Inc. 719 Harkrider St., Suite 100 P.O. Box 966 Conway, AR 72033 Financial Information Randy Mayor Chief Financial Officer (501) 472-1849 rmayor@homebancshares.com Website www.homebancshares.com
Slide 16: FDIC-Assisted Acquisition Gulf State Community Bank
FDIC-Assisted Acquisition Gulf State Community Bank November 19, 2010 NASDAQ: HOMB www.homebancshares.com
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