Bank7 Corp. · NASDAQ:BSVN
Bank7 — Merger or Acquisition (October 2021)
7 slides from Bank7's merger presentation, Oct 7, 2021
Slide 1: Bank7 Corp. to Acquire Watonga Bancshares, Inc.
Bank7 Corp. to Acquire Watonga Bancshares, Inc. Investor Presentation October 7, 2021
Slide 2: Legal Information and Disclaimer
Legal Information and Disclaimer This presentation and oral statements made regarding the subject of this presentation contain forward-looking statements. These forward-looking statements are subject to significant uncertainties because they are based upon: the amount and timing of future changes in
Slide 3: Strategic Rationale and Investment Highlights
Strategic Rationale Investment Highlights Excellent core deposit franchise that can be leveraged by Bank7’s loan origination capacities to drive immediate earnings accretionCore deposits equivalent to 97.5% of total deposits as of 6/30/2021Considerable liquidity for Bank7 to utilize for loan growth
Slide 4: Watonga Bancshares, Inc. (WBI) Overview
Watonga Bancshares, Inc. (WBI) Overview 3 Source: S&P Global, FactSet and bank call reports. Cost of Total Deposits (%) Company Overview Bank Level Financial Highlights Watonga Bancshares, Inc. (WBI) is the bank holding company for Cornerstone Bank, which established operations in 1928The Bank provi
Slide 5: Transaction Summary and Assumptions
Transaction Summary and Assumptions 4 Earnings Estimates BSVN’s earnings estimates per street consensusWBI’s earnings estimates per BSVN management Cost Savings & Other Earnings Adjustments Estimated $2.6 million of pre-tax run-rate savings, or 40.0% of WBI’s 2022e noninterest expensePhased in 75% i
Slide 6: Financial Impact & Pricing
Financial Impact & Pricing 5 Transaction impact metrics assume purchase accounting adjustments and other assumptions highlighted on the previous page.Estimated tangible book value at close.Anticipated run-rate earnings including cost savings and other adjustments. $32.0MAggregate Merger Consideratio
Slide 7: Pro Forma Loan & Deposit Composition
Pro Forma Loan & Deposit Composition 6 Note: Bank level regulatory financial data as of 6/30/2021. Totals may not sum to 100% due to rounding.Pro forma excludes purchase accounting adjustments. Loan Portfolio Composition: Deposit Portfolio Composition: BSVN Yield on Loans: 6.44%NOO CRE / TRBC: 282%