Ahead
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Curve Ahead
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Curve
A N N U A L S H A R E H O L D E R S ’ M E E T I N G 2 0 1 7
Ahead Ahead of the of the Curve Curve A N N U A L S H A R E H O L D - - PowerPoint PPT Presentation
Ahead Ahead of the of the Curve Curve A N N U A L S H A R E H O L D E R S M E E T I N G 2 0 1 7 Forward Looking Statements And Non GAAP Financial Measures To the extent that statements in this PowerPoint presentation relate to future
A N N U A L S H A R E H O L D E R S ’ M E E T I N G 2 0 1 7
Forward‐Looking Statements And Non‐GAAP Financial Measures
2 To the extent that statements in this PowerPoint presentation relate to future plans, objectives, financial results or performance of IBERIABANK Corporation, these statements are deemed to be forward‐looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements, which are based on management’s current information, estimates and assumptions and the current economic environment, are generally identified by the use of the words “plan”, “believe”, “expect”, “intend”, “anticipate”, “estimate”, “project” or similar expressions. The Company’s actual strategies, results and financial condition in future periods may differ materially from those currently expected due to various risks and uncertainties. Forward‐looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements. Consequently, no forward‐looking statement can be guaranteed. Except to the extent required by applicable law or regulation, the Company undertakes no obligation to revise or update publicly any forward‐looking statement for any reason. This PowerPoint presentation contains financial information determined by methods other than in accordance with
intangibles and include the tax benefit associated with revenue items that are tax‐exempt, as well as adjust income available to common shareholders for certain significant activities or transactions that in management’s opinion can distort period‐to‐period comparisons of the Company’s performance. Since the presentation of these GAAP performance measures and their impact differ between companies, management believes presentations of these non‐GAAP financial measures provide useful supplemental information that is essential to a proper understanding of the operating results of the Company’s core businesses. These non‐GAAP disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non‐GAAP performance measures that may be presented by other companies. Reconciliations of GAAP to non‐GAAP disclosures are included as tables in the Company’s press release dated April 27, 2017 and Annual Report on Form 10‐K for the fiscal year ended December 31,
OVERVIEW
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the banking industry
banks in certain segments
continues to evolve
technological advancements
14,496 5,113
4,000 5,000 6,000 7,000 8,000 9,000 10,000 11,000 12,000 13,000 14,000 15,000
1934 1937 1940 1943 1946 1949 1952 1955 1958 1961 1964 1967 1970 1973 1976 1979 1982 1985 1988 1991 1994 1997 2000 2003 2006 2009 2012 2015
Number of Banks
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interests, we offer a convenient and efficient branch system and electronic delivery and communication channels
increased by 5.3 million, up 57%
(“ACH”), remote, and mobile transactions are the fastest growing channels
41% to 30% of transactions
and Integrate Their Branch And Operating Systems
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in the Southeast
uncorrelated markets
and successful banking talent
deposit pricing by market
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Mortgage Lending And Servicing Mortgage Lending And Servicing Title Insurance Title Insurance Treasury Management Treasury Management Client Derivatives/Hedging Client Derivatives/Hedging
Wealth Management Wealth Management
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markets
growth)
in Upstate South Carolina
President in December 2016
Greenville, South Carolina
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clients, and communities impacted by August 2016 flooding
based Liberty Financial Services, one of the nation’s largest African‐American‐
Reinvestment Coalition’s Annual Conference, one of the largest gatherings of community non‐profits, policymakers, government officials, small businesses, and academia, all coming together to create a just economy
community development projects
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Total Assets $21.7 Billion Up $2.2 Billion, or 11% Market Cap. $3.8 Billion Up $1.5 Billion, or 66% Shareholders’ Equity $2.9 Billion Up $441 Million, or 18% Cash Equiv. & Securities $4.9 Billion Up $1.5 Billion, or 44% Total Revenues $883 Million Up $75 Million, or 9% Net Income To Common $179 Million Up $36 Million, or 25% Total Locations 300 Down 19, or 6% Bank Branches 200 Down 19, or 9% Associates (FTE) 3,100 Down 51, or 2% Advisory Boards 218 Members No Change
Size Size Strength Strength Financials Financials Distribution Distribution People People
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and tightening our credit standards in other areas of concern
declining to 3.7% of total loans by year‐end
the year
appropriate long‐term benefit to our shareholders
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significantly greater than expense growth
and staff efficiency
staffing declined 2%
branches and eight mortgage locations
tangible efficiency target of 60%
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compared to 2015
compared to 2015
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Over the last four years:
Memphis branches
in deposits
consolidated 60 bank branches
and branch consolidators during this period
largest bank holding company in the U.S.
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to 21% of our pro forma size
with anticipated closing in the second half of 2017
40,000 Florida clients
the Miami MSA
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Year‐end loan growth of $738 million, up 5% Year‐end deposit growth of $1.2 billion, up 8%
Notes: “Other” market includes Mortgage, Lenders Title, Credit Card, and Other. “Pro Forma” includes Sabadell United Bank, based on total loans and deposits at December 31, 2016.
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in the second half of 2016
remained strong throughout 2016
1.08% 1.00% 0.49% 2.59% 1.55%
0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00%
Non‐Performing Assets
(As a % of Total Assets)
IBKC IBKC Excluding Energy Peer Average ($10‐$30 Billion BHCs)
%
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repurchase program for 950,000 shares
$55 million
$279 million
above 2016 average trading price)
$485 million
capitalization grew $1.5 billion, or 66%
8.00% 9.00% 10.00% 11.00% 12.00% 13.00% 14.00% 15.00% 16.00% 17.00% 18.00% 2012 2013 2014 2015 2016 3/31/17
Capital Ratio Trends
Equity to Assets Tier 1 Leverage Tier 1 Risk Based Total Risk Based
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liquidity and higher trading levels in our common stock
value in our common stock increased 48% compared to 2015
stock:
$91.10 per share in early December 2016
common share
52% compared to year‐end 2015
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improving total return to shareholders
reinvestment of cash dividends) was 1,051%
(BHCs with $10‐30 billion in total assets)
well‐known investment alternatives
c
‐ Epictetus, Roman Philosopher, c. 60‐120
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