Investor Presentaiton
Pro Forma Transaction Highlights
$29B
Pro Forma Assets
Top 50
Nationwide
Asset Rank(1)
$23B
Pro Forma Loans
#7
West Coast
Deposit Rank(2)
Pro Forma Impact(4)
7.9%
2024e
TBV
Accretive
$22B
Pro Forma Deposits
1 of Only 2 Deals(³)
✓ Accretive to TBVPS
✓ Accretive to EPS
✓ Accretive to CET1
Attractive Western Region Footprint
State
Deposit Concentration by State (5)
Standalone
WAFD
Pro Forma
WAFD + LBC
Total
Dep.
Dep.
($B)
% of
Total
Dep. % of
($B) Total
in State
($B)
WA
$7.0 44%
$7.1 33%
$228.3
CA
5.6 26%
2,102.2
OR
3.1 19%
3.1
14%
115.1
AZ
1.6 10%
1.6
7%
225.7
NM
1.3
8%
1.3
6%
45.2
ID
1.1
7%
1.1
5%
45.0
UT
0.8
5%
0.8
4%
110.0
TX
0.6
3%
0.6
3%
1,172.0
NV
0.5
3%
0.5
2%
110.6
Total
$15.9
100%
$21.6 100%
6 3
EPS Accretion
1.2%
2024e
ROAA
14.7%
2024e
ROATCE
46.7%
2024e
Efficiency Ratio
Robust Pro Forma Capital Levels at Close
7.9%
TCE / TA
9.0%
Leverage Ratio
Existing WAFD Branches
Branches added through LBC acquisition
WaFd Bank
10.7%
CET 1 Ratio
13.4%
Total Risk-Based
Capital Ratio
Source: S&P Global and FDIC Summary of Deposits.
(1)
(4)
(5)
123 45
Excludes money center banks and foreign bank subsidiaries.
(2)
West Coast includes banks and thrifts headquartered in CA, OR, and WA.
(3)
Compared to publicly disclosed metrics of nationwide bank transactions with deal values between $500 million
and $1 billion since 1/1/2017.
Per earnings estimates as found on the "Key Assumptions" slide.
Deposit data as of 6/30/2022.
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