Southside Bancshares, Inc. · NYSE:SBSI
Southside Bancshares — IPO Roadshow (September 2016)
22 slides from Southside Bancshares's IPO roadshow presentation, Sep 12, 2016
Slide 1: Subordinated Debt Issuance September 2016
37 37 37 50 114 79 235 241 222 195 214 155 255 226 85 229 51 44 0 79 125 75 68 134 151 216 255 181 177 215 247 166 43 234 234 234 37 37 37 50 114 79 235 241 222 195 214 155 255 226 85 229 51 44 0 79 125 75 68 134 151 216 255 181 177 215 247 166 43 234 234 234 Subordinated Debt Issuance September 201
Slide 2: Forward-Looking Statements
37 37 37 50 114 79 235 241 222 195 214 155 255 226 85 229 51 44 0 79 125 75 68 134 151 216 255 181 177 215 247 166 43 234 234 234 2 Forward - Looking Statements 37 37 37 50 114 79 235 241 222 195 214 155 255 226 85 229 51 44 0 79 125 75 68 134 151 216 255 181 177 215 247 166 43 234 234 234 This pres
Slide 3: Terms of the Offering
37 37 37 50 114 79 235 241 222 195 214 155 255 226 85 229 51 44 0 79 125 75 68 134 151 216 255 181 177 215 247 166 43 234 234 234 3 Terms of the Offering 37 37 37 50 114 79 235 241 222 195 214 155 255 226 85 229 51 44 0 79 125 75 68 134 151 216 255 181 177 215 247 166 43 234 234 234 Issuer Security
Slide 4: Key Management Team
37 37 37 50 114 79 235 241 222 195 214 155 255 226 85 229 51 44 0 79 125 75 68 134 151 216 255 181 177 215 247 166 43 234 234 234 4 Key Management Team 37 37 37 50 114 79 235 241 222 195 214 155 255 226 85 229 51 44 0 79 125 75 68 134 151 216 255 181 177 215 247 166 43 234 234 234 Julie Shamburger E
Slide 5: Southside Snapshot
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Slide 6: Current Footprint
37 37 37 50 114 79 235 241 222 195 214 155 255 226 85 229 51 44 0 79 125 75 68 134 151 216 255 181 177 215 247 166 43 234 234 234 6 Current Footprint 37 37 37 50 114 79 235 241 222 195 214 155 255 226 85 229 51 44 0 79 125 75 68 134 151 216 255 181 177 215 247 166 43 234 234 234
Slide 7: SBSI – Investment Highlights
37 37 37 50 114 79 235 241 222 195 214 155 255 226 85 229 51 44 0 79 125 75 68 134 151 216 255 181 177 215 247 166 43 234 234 234 7 SBSI – Investment Highlights 1. 2016 – 2021 Projected Growth; source: SNL Financial, Nielson 2. Completed acquisition of OmniAmerican Bancorp, Inc. on December 17, 2014
Slide 8: Financial Performance: Growth
37 37 37 50 114 79 235 241 222 195 214 155 255 226 85 229 51 44 0 79 125 75 68 134 151 216 255 181 177 215 247 166 43 234 234 234 8 Financial Performance: Growth Note: Completed acquisition of OmniAmerican Bancorp, Inc. on December 17, 2014 37 37 37 50 114 79 235 241 222 195 214 155 255 226 85 229 5
Slide 9: Financial Performance: Profitability
37 37 37 50 114 79 235 241 222 195 214 155 255 226 85 229 51 44 0 79 125 75 68 134 151 216 255 181 177 215 247 166 43 234 234 234 9 1.25% 1.05% 1.22% 0.60% 0.90% 0.99% 2011 2012 2013 2014 2015 2016Q2 YTD 17.95% 14.05% 18.15% 7.99% 13.39% 14.17% 2011 2012 2013 2014 2015 2016Q2 YTD 55.2% 60.6% 55.7% 5
Slide 10: Net Interest Margin
37 37 37 50 114 79 235 241 222 195 214 155 255 226 85 229 51 44 0 79 125 75 68 134 151 216 255 181 177 215 247 166 43 234 234 234 10 Net Interest Margin Note: Completed acquisition of OmniAmerican Bancorp, Inc. on December 17, 2014 37 37 37 50 114 79 235 241 222 195 214 155 255 226 85 229 51 44 0 79
Slide 11: Net Interest Margin
37 37 37 50 114 79 235 241 222 195 214 155 255 226 85 229 51 44 0 79 125 75 68 134 151 216 255 181 177 215 247 166 43 234 234 234 10 Net Interest Margin Note: Completed acquisition of OmniAmerican Bancorp, Inc. on December 17, 2014 37 37 37 50 114 79 235 241 222 195 214 155 255 226 85 229 51 44 0 79
Slide 12: Pro Forma Capitalization
37 37 37 50 114 79 235 241 222 195 214 155 255 226 85 229 51 44 0 79 125 75 68 134 151 216 255 181 177 215 247 166 43 234 234 234 12 Pro Forma Capitalization 37 37 37 50 114 79 235 241 222 195 214 155 255 226 85 229 51 44 0 79 125 75 68 134 151 216 255 181 177 215 247 166 43 234 234 234 1. See Non -
Slide 13: Historical Capital Levels
37 37 37 50 114 79 235 241 222 195 214 155 255 226 85 229 51 44 0 79 125 75 68 134 151 216 255 181 177 215 247 166 43 234 234 234 13 Historical Capital Levels 37 37 37 50 114 79 235 241 222 195 214 155 255 226 85 229 51 44 0 79 125 75 68 134 151 216 255 181 177 215 247 166 43 234 234 234 Bank Consol
Slide 14: Loan Composition Trends
37 37 37 50 114 79 235 241 222 195 214 155 255 226 85 229 51 44 0 79 125 75 68 134 151 216 255 181 177 215 247 166 43 234 234 234 14 Loan Composition Trends 37 37 37 50 114 79 235 241 222 195 214 155 255 226 85 229 51 44 0 79 125 75 68 134 151 216 255 181 177 215 247 166 43 234 234 234 ($ in million
Slide 15: Commercial Oil & Gas Exposure
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Slide 16: CRE Concentration
37 37 37 50 114 79 235 241 222 195 214 155 255 226 85 229 51 44 0 79 125 75 68 134 151 216 255 181 177 215 247 166 43 234 234 234 16 CRE Concentration¹ 37 37 37 50 114 79 235 241 222 195 214 155 255 226 85 229 51 44 0 79 125 75 68 134 151 216 255 181 177 215 247 166 43 234 234 234 Bank Consolidated
Slide 17: Asset Quality Trends
37 37 37 50 114 79 235 241 222 195 214 155 255 226 85 229 51 44 0 79 125 75 68 134 151 216 255 181 177 215 247 166 43 234 234 234 17 0.92% 0.74% 0.82% 1.44% 0.09% 0.90% 2011 2012 2013 2014 2015 2016 Q2 YTD Asset Quality Trends 37 37 37 50 114 79 235 241 222 195 214 155 255 226 85 229 51 44 0 79 125
Slide 18: Securities Composition
37 37 37 50 114 79 235 241 222 195 214 155 255 226 85 229 51 44 0 79 125 75 68 134 151 216 255 181 177 215 247 166 43 234 234 234 18 48% 30% 21% 1% 0% Securities Composition Note : All mortgage - backed securities issued and/or guaranteed by U.S. government agencies or U.S. government sponsored ente
Slide 19: Deposit Composition Trends
37 37 37 50 114 79 235 241 222 195 214 155 255 226 85 229 51 44 0 79 125 75 68 134 151 216 255 181 177 215 247 166 43 234 234 234 19 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Noninterest Bearing Interest Bearing Demand Savings Retail Time Jumbo Time Deposit Composition Trends 37 37 37 50 114 79 235
Slide 20: Appendix
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Slide 21: Non-GAAP Reconciliation
37 37 37 50 114 79 235 241 222 195 214 155 255 226 85 229 51 44 0 79 125 75 68 134 151 216 255 181 177 215 247 166 43 234 234 234 21 Non - GAAP Reconciliation This presentation contains certain financial information determined by methods other than in accordance with accounting principles generally
Slide 22: Non-GAAP Reconciliation (cont'd)
37 37 37 50 114 79 235 241 222 195 214 155 255 226 85 229 51 44 0 79 125 75 68 134 151 216 255 181 177 215 247 166 43 234 234 234 22 Non - GAAP Reconciliation (cont’d) (A) Annualized As of or for the As of or for the Year Ended December 31, Six Months Ended Dollars in thousands 2011 2012 2013 2014 2