J.P.Morgan Mergers and Acquisitions Presentation Deck
Transaction rationale
$₂
Accelerates key
growth opportunities
Financially attractive
High-quality portfolio
with additional
protection
Contributes to rapid
and orderly resolution
• Increases penetration with U.S. high net worth clients
● Accelerates U.S. wealth strategy by adding J.P. Morgan wealth centers in attractive locations
• Complementary to JPMorgan Chase's #1 business bank
>$500mm net income accretion¹
Tangible book value per share accretive
IRR > 20%
• Strong credit profile supplemented by FDIC loss sharing agreement
• Loan portfolio marks supported by due diligence process
• Maintains JPMorgan Chase's fortress balance sheet
• First Republic depositors will be backed by the strength of JPMorgan Chase
● Lowest cost and most efficient option for the Deposit Insurance Fund
Our capabilities and capital strength enabled a competitive bid
¹ Accretion excluding bargain purchase gain in 2023 and restructuring costs expected in 2023 and 2024
JPMORGAN CHASE & Co.
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