![]() NASDAQ: HOMB www.homebancshares.com FDIC-Assisted Acquisition November 2, 2012 Heritage Bank of Florida Exhibit 99.2 |
![]() 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 contained herein reflect our current views about future events and financial performance and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause our actual results to differ significantly from historical results and those expressed in any forward-looking statement. Some factors that could cause actual results to differ materially from historical or expected results include: factors listed in the Company’s 10-K as filed with the Securities and Exchange Commission; changes in general economic conditions, either nationally or locally in the areas in which we conduct or will conduct our business; inflation, interest rate, market and monetary fluctuations; increases in competitive pressures among financial institutions and businesses offering similar products and services; higher defaults on our loan portfolio than we expect; changes in management’s estimate of the adequacy of the allowance for loan losses; legislative or regulatory changes or changes in accounting principles, policies or guidelines; management’s estimates and projections of interest rates and interest rate policy; the execution of our business plan; and other factors affecting the financial services industry generally or the banking industry in particular. We do not intend and disclaim any duty or obligation to update or revise any industry information or forward-looking statements set forth in this presentation to reflect new information, future events or otherwise. |
![]() Transaction Overview • Purchase and assumed certain assets and liabilities from the FDIC of Heritage Bank of Florida – All non-performing loans and OREO are excluded from the transaction • Acquired approximately $194 million in assets plus a cash settlement to balance the transaction & assumed approximately $223 million in deposits • Acquired branches will operate as Centennial Bank, a wholly-owned subsidiary of Home BancShares, Inc. • Branches will be open under regular business hours on Monday, November 5 th 3 |
![]() Strategic Opportunity • Additive to current Florida footprint – Complements 2010 Central Florida transaction • Old Southern • Financially compelling transaction – immediately accretive to: – Net income – Earnings per share – Book value – Tangible book value • Leverages a portion of our excess capital 4 |
![]() Pro-Forma Capital Ratios Ratio As of September 30 Post Heritage Acquisition Pro-Forma Tangible Book Value $15.01 $15.15 TCE 11.1% 10.6% Leverage 11.3% 10.8% Tier 1 15.6% 15.0% Total RBC 16.9% 16.3% 5 |
![]() Overview of Heritage Bank • 3 full-service locations in Central Florida – Lutz (Hillsborough County) – Wesley Chapel (Pasco County) – Tampa (Hillsborough County) Core Deposits ($mm) Source: Core deposits defined as total deposits less time deposits greater than $100K Note: MRQ as of 9/30/12 ; Shown as Heritage Bank of Florida (’02YE-MRQ) Map note: Total branch count includes Premier Bank. It was previously announced and is expected to close in November. Existing Branches Pro Forma Central FL Branch Network 6 Heritage Bank Branches $0 $25 $50 $75 $100 $125 $150 $175 $200 $40 $59 $70 $85 $106 $110 $124 $166 $176 $168 $172 '02YE '03YE'04YE '05YE'06YE'07YE '08YE'09YE'10YE '11YE MRQ |
![]() Deposit Composition HOMB HOMB – Pro Forma (Dollars in Millions) 18% 59% 14% 9% 15% 57% 9% Transaction Accounts Money Market & Savings Jumbo Time Deposits Retail Time Deposits 19% 7 Heritage Bank 23% 26% 12% 39% HOMB 09/30/12 Heritage 09/30/12 HOMB Pro Forma Transaction Accounts $ $ $ Money Market & Savings 1,846 87 1,933 Retail Time Deposits 433 58 491 Jumbo Time Deposits 574 52 626 $ $ $ 279 3,132 26 223 305 3,355 |
![]() Loan Composition Loan Type HOMB (9/30/12) Heritage (9/30/12) HOMB Pro-forma Total % of Pro-forma Total Loans Commercial RE (Non-farm/non-residential & agri.) $ 1,094 $ 1,159 44% Construction/Land Development 354 7 361 14% Residential Real Estate 719 51 770 29% Commercial & Industrial (1) 253 31 284 11% Consumer 36 4 40 1% Other 28 - 28 1% Total $ 2,484 $ 2,642 100% (1) Includes Agricultural (Dollars in Millions) 8 $ 65 $ 158 |
![]() 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 Orlando, FL $335 2010 Key West Bank Key West, FL $97 2010 Coastal Community Bank Panama City, FL $362 2010 Bayside Savings Bank Port Saint Joe, FL $63 2010 Wakulla Bank Crawfordville, FL $353 2010 Gulf State Community Bank Carrabelle, FL $112 2012 Vision Bank Panama City, FL $520 9 |
![]() FLORIDA Port Charlotte Punta Gorda Marco Island Key Largo Islamorada Marathon (2) Big Pine Key West (3) Summerland 55 Branches (As of November 2012) Orlando (2) Winter Park Longwood Clermont Eastpoint Apalachicola Carrabelle Port St. Joe Lynn Haven Panama City (2) St. George Island Panama City Beach (4) Mexico Beach Southport Blountstown Bristol Tallahassee (5+5) Panacea Crawfordville (2) Navarre Wewahitchka DestinSanta Rosa Beach Quincy Lutz Wesley Chapel Tampa Lake Mary Florida Footprint Existing Branch Locations Premier Bank Locations 10 Heritage Bank Locations Note: Premier Bank was previously announced and is expected to close in November. |
![]() Contact Information Corporate Headquarters Home BancShares, Inc. 719 Harkrider St., Suite 100 P.O. Box 966 Conway, AR 72033 Financial Information Brian Davis Investor Relations Officer (501) 328-4770 Website www.homebancshares.com 11 |
![]() NASDAQ: HOMB www.homebancshares.com FDIC-Assisted Acquisition November 2, 2012 Heritage Bank of Florida |