United Bankshares, Inc. · NASDAQ:UBSI
United Bankshares — Merger or Acquisition (November 2015)
12 slides from United Bankshares's merger presentation, Nov 9, 2015
Slide 1: Acquisition of United Bankshares, Inc.
Acquisition of UNITED BANKSHARES, INC. Exhibit 99.2
Slide 2: Forward-Looking Statements
Forward-Looking Statements 2 This presentation may contain forward-looking statements about United Bankshares, Inc., which we believe are within the meaning of the Private Securities Litigation Reform Act of 1995. This presentation may contain certain forward-looking statements with respect to the f
Slide 3: Forward-Looking Statements (continued)
Forward-Looking Statements (continued) 3 Factors that might cause such a difference include, but are not limited to (continued): (7) changes in the interest rate environment may adversely affect net interest income; (8) results may be adversely affected by continued diversification of assets and adv
Slide 4: Deal Highlights
Deal Highlights 4 UBSI’s 30th acquisition; 9th in Washington, D.C. M.S.A. Pro Forma UBSI - Total Assets of $13.8 billion and Market Capitalization of approximately $3.2 billion ¹ Increases UBSI market share in one of the best markets in the country Enhances position of UBSI’s Virginia-chartered bank
Slide 5: Transaction Overview and Deal Metrics
Transaction Overview and Deal Metrics 5 Based on UBSI’s 15-day average closing stock price of $39.73. Based on Bank of Georgetown September 30, 2015 tangible book value. Core deposits defined as total deposits less jumbo deposits over $100k and brokered deposits. $37.00 per Bank of Georgetown Share
Slide 6: United Bankshares, Inc.
United Bankshares, Inc. 6 $12.6 billion in assets and 129 full-service offices in Washington, D.C., VA, MD, OH, PA, & WV 30th Acquisition since 1982 Strong, Experienced Management Team 42 Consecutive Years of Dividend Increases 9th Acquisition in Washington, D.C. M.S.A. 45th largest bank in the U.S.
Slide 7: United Bank: The Community Bank of the Nation's Capital
United Bank “The Community Bank of the Nation’s Capital” 7 Pro Forma Branch Map Washington, D.C. MSA Deposit Market Share ² Bank of Georgetown (11) UBSI (129) Estimated pro forma United Bank (VA) financial information as of September 30, 2015. Deposit information as of June 30, 2015. Source: SNL Fin
Slide 8: Franchise Overview
Bank of Georgetown Franchise Overview 8 Bank of Georgetown is a well-run, conservatively managed commercial bank Organized and opened as a community-based commercial bank in 2005 Seasoned management team that leverages deep local relationships to fulfill the local market’s need for a community-based
Slide 9: At a Glance
Bank of Georgetown at a Glance 9 Assets ($mm) Gross Loans ($mm) Core ROAA (%) Deposits ($mm) Measured on a year-to-date basis Source: Company documents CAGR: 22.3% CAGR: 24.7% CAGR: 22.2%
Slide 10: Complementary Balance Sheet
Complementary Balance Sheet Gross loans and leases of $875 million Limited exposure outside of the Washington, D.C. metro area Approximately 64% floating / adjustable rate loans Yield on Loans of 4.64% 10 Loans Total deposits of $959 million Attractive non-interest bearing deposit base of approximat
Slide 11: Comprehensive Due Diligence
Comprehensive Due Diligence 11 Estimated gross credit mark percentage at transaction closing. Bank of Georgetown NPAs defined as non-performing loans & OREO & other non-accrual assets as of September 30, 2015. Bank of Georgetown allowance for loan loss reserves as of September 30, 2015. NPAs / Asset
Slide 12: Washington D.C. MSA Market Highlights
Washington D.C. MSA Market Highlights Scalable Opportunity 6th largest MSA by population (6.1 million) Affluent Population 4.3% unemployment rate vs. 5.1% national unemployment rate 3rd highest 2016 median household income 1.64x the national median 3rd highest 2021 projected household income ($94,00
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