Investor Presentation (2Q2016)
Financial and Operational Highlights - Q1 2016
Net income up 13.2 % and EPS up 1.7% (excluding merger-related costs)
Return on tangible common equity of 14.4%
5.4% organic loan growth since 3/31/2015
▸ Non-interest income increased 6.6% year-over-year driven by higher
e-banking and deposit fees, net securities gains, and other income
> Positive operating leverage driven by a core focus on return on investment,
allowing a strong efficiency ratio of 55.5%, compared to 58.2% a year ago
> Continued improvement in asset quality as non-performing loans to total
loans ratio of 0.85% improved 35 basis points from a year ago
> Loan pipelines remain robust, and anticipate mid-single digit overall loan
growth, tempered by quarterly construction loan portfolio fluctuations
Note: financial data as of quarter ending 3/31/2016, which reflects impact of the ESB merger, and compared the quarter ending 3/31/2015;
please see the reconciliations to GAAP results in the appendix
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