TriState Capital — Merger or Acquisition (October 2021)
17 slides from TriState Capital's merger presentation, Oct 20, 2021
Slide 1: Raymond James to Acquire TriState Capital
October 20, 2021 Raymond James to Acquire TriState Capital
Slide 2: Important Information About the Transaction and Where to Find It
Notice 2 Important Information About the Transaction and Where to Find It Raymond James Financial intends to file a registration statement on Form S-4 with the SEC to register the shares of Raymond James Financial’s common stock and preferred stock that will be issued to TriState Capital Holdings’ s
Slide 3: Forward-Looking Statements
Notice Forward-Looking Statements Statements included in this communication, which are not historical in nature are intended to be, and are hereby identified as, forward-looking statements for purposes of the safe harbor provided by Section 27A of the Securities Act of 1933 and Section 21E of the Se
Slide 4: Raymond James Financial
FY 2020 ended September 30, 2020. Pie chart above does not include intersegment eliminations or the Other segment4 Raymond James Financial Client assets under administration $1.21 trillion (as of 8/31/21) Over 8,400 advisors in U.S., Canada, and U.K. 134 consecutive quarters of profitability More th
Slide 5: TriState Capital Holdings
TriState Capital Bank, 84% Chartwell Investment Partners, 16% Pie chart does not include Parent and Other 5 TriState Capital Holdings Annualized 3Q net revenues of $244 million and annualized 3Q pre-tax income of $92 million, representing a 38% pre-tax margin to net revenues Branchless bank model wi
Slide 6: Strategic Rationale
6 Strategic Rationale Strong Teams with Aligned Values Focused on Putting Clients First Leadership Position in Attractive and High-Growth Securities-Based Lending (SBL) Enabled by Industry-Leading Technology Significant Deposit and Capital Synergies to Fuel TriState Capital’s Strong Growth Diversifi
Slide 7: Strong Teams with Aligned Values Focused on Putting Clients First
7 Strong Teams with Aligned Values Focused on Putting Clients First CLIENT FIRST We put clients first. CONSERVATISM We think long-term. INDEPENDENCE We value independence. INTEGRITY We act with integrity.
Slide 8: Leadership Position in Attractive & High-Growth Securities-Based Lending
TriState Capital’s fiscal year ends on December 31st. Raymond James’ fiscal year ends on September 30th. Loan balances are as of respective fiscal year end and quarter-ended June 30, 2021 and September 30, 2021. (1) Period end balances. Includes securities-based loans only and may not tie to other d
Slide 9: Enabled by Industry-Leading Technology
The securities-based lending business is supported by a scalable digital lending platform. The risk/collateral management of the business is supported by a robust technology platform …Enabled by Industry-Leading Technology 9
Slide 10: Significant Deposit and Capital Synergies to Fuel TriState Capital's Strong Growth
Raymond James financial data and balances as of quarter-ended June 30, 2021. TriState Capital financial data and balances as of quarter-ended September 30, 202110 Significant Deposit and Capital Synergies to Fuel TriState Capital’s Strong Growth $62.9B CLIENT CASH BALANCES 30.3 10.3 0.08% 0.41% 0.00
Slide 11: Diversifies Deposit / Funding Sources
TriState Capital financial data and balances as of quarter-ended September 30, 202111 Diversifies Deposit / Funding Sources TriState Capital Treasury Management Services 13 dedicated & experienced professionals providing high-touch service across regional footprint More than 480 clients & growing $2
Slide 12: Experienced Lending Team with Excellent Credit Track Record
12 Experienced Lending Team with Excellent Credit Track Record 20.9 23.2 25.7 30.6 34.6 0.21% 0.12% 0.18% 0.10% 0.12% 0.0% 0.2% 0.4% 0.6% 0.8% FY 2017 FY 2018 FY 2019 FY 2020 30-Jun-21 $0 $10 $20 $30 $40 RJ Bank Non-Performing Assets as % Total Assets (%) Total Assets ($B) Non-performing assets as %
Slide 13: Complementary Asset Management Businesses
Raymond James financial data and balances as of quarter-ended June 30, 2021. TriState Capital financial data and balances as of quarter-ended September 30, 202113 Complementary Asset Management Businesses 31.6 6.6 38.2 31.6 4.4 36.0 6.0 6.5 0 10 20 30 40 50 60 70 80 90 Carillon Tower Advisers Chartw
Slide 14: Attractive Use of Raymond James' Strong Capital Position
14 Attractive Use of Raymond James’ Strong Capital Position 10.0% 5.0% 25.6% 12.6% Total Capital Tier 1 Leverage Raymond James Financial Regulatory Capital Ratios As of 6/30/21 Raymond James Financial Regulatory Requirement to be Well Capitalized • Transaction structure enables Raymond James to main
Slide 15: Transaction Overview
15 Transaction Overview Key Transaction Terms • Combination cash and stock transaction valued at approximately $1.1 billion • TriState Capital stockholders will receive $6 cash and 0.25 Raymond James shares for each TriState Capital common share, represents per share consideration of $31.09 based on
Slide 16: Summary of Consideration
(1) Excludes 1.8 million shares of unvested restricted stock, which will be converted into equivalent shares of RJF restricted stock (2) Cash amounts do not total due to rounding16 Summary of Consideration Capital Instruments (1) Common Share Equivalents (millions) Consideration (2) Consideration Mi
Slide 17: Q&A
Q&A 17
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