TRISTATE CAPITAL HOLDINGS, INC. Investor
Presentation
TriState Capital Holdings, Inc.
(Nasdaq: TSC)
Fourth Quarter Ended December 31, 2021
2
Important Information
About this presentation
Financial information and data: Unless noted otherwise herein, income statement data is for the trailing twelve-months ended December 31, 2021, compared to the same TTM period the year prior; and balance sheet data is as of December 31, 2021 compared to one year prior.
Forward looking statements: This presentation may contain "forward- looking" statements. Such forward-looking statements are subject to risks that could cause actual results or outcomes to differ materially from those currently anticipated. TriState Capital has no duty to, and does not intend to, update or revise forward-looking statements after the date on which they are made. For further information about the factors that could affect TriState Capital's future results, please see the company's most recent annual and quarterly reports filed on Form 10-K and Form 10-Q, respectively.
Non-GAAPmeasures: To the extent non-GAAP financial measures are presented herein, comparable GAAP measures and reconciliations can be found in TriState Capital's most recent quarterly financial results news release.
TRISTATE CAPITAL | INVESTOR PRESENTATION
Raymond James to Acquire | 3 |
TriState Capital |
The strategic deal, which was made to benefit both clients and shareholders, is expected to close in 2022
On October 20, 2021, Raymond James Financial, Inc. (NYSE: RJF) and TriState Capital
(Nasdaq: TSC) announced a definitive agreement under which Raymond James will acquire TriState Capital for $6.00 cash and 0.25 RJF shares for each share of TSC common stock, or $31.09 per TSC share based on the closing price of RJF on October 19, 2021.
TriState Capital will continue to operate as a separately branded firm and as a stand- alone division and independently chartered bank subsidiary of Raymond James.
Strategic Rationale
- Strong teams with aligned values focused on putting clients first
- Leadership position in attractive and high-growthsecurities-based lending enabled by industry-leading technology
- Significant deposit and capital synergies to fuel TSC's strong growth
- Diversifies deposit / funding sources
- RJF clients will benefit from two bank charters
- Experienced lending teams with excellent credit track record
- Complementary asset management businesses
- Attractive use of RJF's strong capital position
Before making any voting or investment decision, investors and security holders of Raymond James Financial and TriState Capital Holdings are urged to read carefully the entire registration statement and proxy statement/ prospectus when they become available, including any amendments thereto, because they will contain important information about the proposed transaction. Free copies of these documents may be obtained on
the SEC website, www.sec.gov, on the companies' investor relations websites, or from the companies' respective TRISTATE CAPITAL | INVESTOR PRESENTATION investor relations departments, in each case when they are available.
Fully organic revenue and balance sheet growth in 2021 with no PPP or mortgage lending
- Non-GAAPfinancial metric reconciled on slide 36.
4
Why TSC
Branchless, scalable and capital efficient model
Premier private banking, commercial banking and niche investment management products and services to sophisticated corporate, institutional and high-net-worth clients
Truly exceptional asset quality
Unique and high quality lending relationships result in peer and industry leading asset quality metrics that keep credit costs low
Key Metrics ($000s) | TTM at 12/31/21 | Annual |
Growth | ||
Revenue1 | $237,763 | 24% |
Deposits | $11,504,389 | 36% |
Loans | $10,763,324 | 31% |
AUM | $11,844,000 | 15% |
Bank efficiency ratio | 52.03% | |
NPLs/ total loans | 0.04% | |
NCOs/ average loans | 0.07% |
TRISTATE CAPITAL | INVESTOR PRESENTATION
Three Differentiated | 5 |
Businesses Drive Growth | |
BUSINESS | COMMERCIAL BANKING | PRIVATE BANKING | INVESTMENT MANAGEMENT |
MARKETPLACE | Regional (primarily PA, OH, NJ, NY) | National | National |
SALES | Regional loan offices | National and inside sales | National and inside sales |
DISTRIBUTION | Businesses with annual revenues of | RIAs | Institutional |
$10M-$300M | Regional broker/dealers | RIAs | |
Non-bank trust companies | Wirehouses | ||
Family offices | |||
SOLUTIONS | C&I and CRE lending | Loans backed by marketable | Fixed income and equity |
Equipment finance | securities or prime-issuer | management | |
Treasury & liquidity management | cash value life insurance | ||
Financial services & fund finance | Treasury & liquidity management | ||
CAPITAL | Standard risk-based and leverage | Primarily non-risk weighted | Primarily for acquisition purposes |
REQUIREMENTS | |||
SIZE | $4B in loans | $7B in loans | $12B in AUM |
KEY FEATURES | Exceptional credit quality | Exceptional credit quality | 6 strategies beating their |
Dominant provider of securities- | respective 3- & 5-year | ||
based lending | benchmarks | ||
TRISTATE CAPITAL | INVESTOR PRESENTATION
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TriState Capital Holdings Inc. published this content on 10 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 March 2022 20:53:10 UTC.
