Investor Presentaiton
U United
UNITED COMMUNITY BANKS, INC.
Estimated EPS Accretion Summary
The transaction is expected to be $0.09 to $0.10 accretive to EPS in 2017
UCBI Growth and EPS Accretion
2017 EPS
Accretion Range
($ millions)
$0.09
$0.10
Key Assumptions
Tidelands standalone pre-tax loss
$(1.2)
$(1.2)
Management's estimate
Merger cost savings
4.2
5.2
Implies 30% to 37% of noninterest expenses
Market Value/Merger adjustments
4.0
4.0
Tax Impact
(2.7)
(3.1)
One-half from time deposits and one-third from loan accretion
Estimated tax rate of 38%
Net income contribution
$4.3
$4.9
EPS accretion
$0.06
$0.07
United's Coastal SC growth strategy:
Lift-out bankers
$1.6
$2.1
Average loan growth of $85 million, net of expenses
Incremental mortgage business
1.4
1.9
Tax impact
(1.1) (1.5)
Average mortgage production of $95 million, net of expenses
Estimated tax rate of 38%
Net income contribution
$1.9
$2.5
EPS accretion
$0.03
$0.03
Aggregate EPS accretion
$0.09
$0.10
(1) Represents estimated pre-tax income adjustment to reflect a normalized loan loss provision
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