Investor Presentaiton
Florida M&A and Transaction Pricing
Number of Deals Per Year/As a % of Total Banks
12.0%
# of Transactions
As % of Banks
2017 YTD
11
10.3%
2016
12
8.1%
Median Oince 1990
13
4.6%
1990-1999 Median
23
6.3%
3003-2007 Medlan
15
5.3%
Based on recent transaction for Florida franchises,
IBERIABANK's transaction with Gibraltar is significantly
below current market levels
Median Price/TBV by Target Asset Size Since 2014
Number of Transactions
•
10
ם
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Total # of Deals
of Deals/ # of Blanks (%)
Long Term Average
8.0%
4.0%
As a % of Total Banks
16
17
7
IBKC/Gibraltar: 1.56x
1.45x
1.27x
1.49x
8
1.99€
0.0%
$100mm-$250mm
$240mm-$500m
$500mm-$10bn
$10
Florida ranks #1 in number of transactions in the U.S. and has
been #1, #2 or #3 for the past 5 years.
As a result, there are far fewer Florida based independent banks
Median Price/TBV by Target Asset Size Since 2017
10 years ago
317
2007
Source: SNL Financial and FDIC
Today
- 59% decrease
131
Current
7
2
4
1
IBKC/Gibraltar: 1.56x
1.65x
1.46x
1.81x
4
224x
+100mm 250mm $250mm - $500mm
+500mm - 1.0bn
+1.0bre
IBERIABANK
CorporationView entire presentation