Amegy Bancorporation — KBW Large Cap Bank Conference 2005
27 slides from Amegy Bancorporation's conference presentation, Aug 12, 2005
Slide 1: KBW Large Cap Bank Conference
KBW Large Cap Bank Conference 9 August 2005
Slide 2: The Intermountain West's Largest Banking Company
The Intermountain West’s Largest Banking Company Total Assets Over $30 Billion 26th Largest Domestic Bank by Deposits S&P 500 Index NASDAQ Financial 100 Index Nearly 400 Offices and 500 ATMs in 8 States
Slide 3: National Rankings
National Rankings Zions Ranks in the Top Ten in Each of the Following SBA 504 and similar lending SBA 7(a) Lending Origination of Agricultural Mortgages Sold in Secondary Market Electronic Odd-Lot Corporate Bond Trading Municipal Finance Advisory
Slide 4: A Collection of Great Banks
THE COMMERCE BANK OF WASHINGTON NEVADA STATE BANK ZIONS BANK CALIFORNIA BANK TRUST VECTRA BANK CLORADO NATIONAL BANK OF ARIZONA A Collection of Great Banks…
Slide 5: With a Great Growth Footprint
…With a Great Growth Footprint 2005 – 2010 Projected Weighted Average (by MSA) Population Growth 12% 11.1% 10.6% 10.3% 9.5% 8.9% 8.7% 8.7% 8.1% 7.7% 7.4% 7.1% 6.6% 6.5% 6.3% 6.3% 6.2% 5.7% 5.7% 5.6% 5.5% 5.1% 5.0% 3.1% 3.0% 3.0% 3.0% 3.0% 2.9% 2.4% 2.0% 10% 8% 6% 4% 2% 0% Source: SNL DataSource Note
Slide 6: Zions Bancorporation
ZIONS BANCORPORATION
Slide 7: A Picture Perfect Quarter
“A Picture Perfect Quarter” Record Income of $1.30 per share ROE of 16.56% Tax-equivalent Revenue Growth of 18% LQA Strong Loan and Deposit Growth Expanding Margin Pristine Credit Quality
Slide 8: Franchise Growth
Franchise Growth 28,000 26,000 24,000 22,000 20,000 $mm 18,000 16,000 14,000 12,000 10 . 84% CAG R 26,732 24,399 9. 11% CAGR Q1 -01 Q2 -01 Q3 -01 Q4 - -01 Q1 -02 Q2 -02 Q3 -02 Q4 -02 Q1 -03 Q2 -03 Q3 - -03 Q4 -03 Q1 -04 Q2 -04 Q3 -04 Q4 -04 Q1 -05 Q2 - -05 Loans Deposits *Includes loans sold and bei
Slide 9: Net Income
Net Income $mm 500 450 400 350 300 250 200 150 100 50 0 17.3% CAGR 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005* * 1H-05 Annualized Net Income
Slide 10: Earnings Per Share
Earnings Per Share $6 $5 $4 $3 $2 $1 $0 13.4% CAGR $1.92 $1.75 $2.26 $1.86 $1.69 $1.42 $3.07 $2.78 $3.72 $5.00 $4.47 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005* * 1H-05 Annualized EPS
Slide 11: Strong Asset Quality Relative to Peers
Strong Asset Quality Relative to Peers NCOs as % of Average Total Loans (Annualized) 0.80% 0.70% 0.60% 0.50% 0.40% 0.30% 0.20% 0.10% 0.00% Zions Peers 0.26% 0.07% 2nd Qtr 99 3rd Qtr 99 4th Qtr 99 1st Qtr 00 2nd Qtr 00 3rd Qtr 00 4th Qtr 00 1st Qtr 01 2nd Qtr 01 3rd Qtr 01 4th Qtr 01 1st Qtr 02 2nd Q
Slide 12: Stable Margin in a Volatile Environment
Stable Margin in a Volatile Environment Zions NIM vs. 30-Day LIBOR 7.00% 6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 4.60% 3.45% 3.05% Mar-98 Jun-98 Sep-98 Dec-98 Mar-99 Jun-99 Sep-99 Dec-99 Mar-00 Jun-00 Sep-00 Dec-00 Mar-01 Jun-01 Sep-01 Dec-01 Mar-02 Jun-02 Sep-02 Dec-02 Mar-03 Jun-03 Sep-03 Dec-03 Mar-0
Slide 13: Improving Expense Management
Improving Expense Management Efficiency Ratio (%) 60 56 54 52 56.64 55.67 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 1H-05 Zions Bancorporation Peer Average Source: SNL peer data defined as top 50 U.S. banks by asset size
Slide 14: Looking to the Future
Looking to the Future
Slide 15: Remainder of 2005
Remainder of 2005 Continued loan growth Deposit growth slower than loan growth Relatively stable NIM Continued strong asset quality Revenue growth exceeding operating expense growth
Slide 16: A New Addition to Our Collection of Great Banks
A New Addition to Our Collection of Great Banks Nevada State Bank Branches: 68 Deposits: $3.07 Rank: 4th 2004 ROAA: 1.6% 5-Yr. Dep. Growth: 8.3% 5-Yr. Asset Growth: 7.5% California Bank & Trust Branches: 91 Deposits: $8.3B Rank: 8th 2004 ROAA: 1.5% 5-Yr. Dep. Growth: 8.8% 5-Yr. Asset Growth: 9.7% Na
Slide 17: The Best Footprint in Banking
The Best Footprint in Banking 2005 – 2010 Projected Weighted Average (by MSA) Population Growth 12% 10% 8% 6% 4% 2% 0% 11.4% 11.1% 10.3% 9.5% 8.9% 8.7% 8.7% 8.1% 7.7% 7.4% 7.1% 6.6% 6.5% 6.3% 6.3% 6.2% 5.7% 5.7% 5.6% 5.5% 5.1% 5.0% 3.1% 3.0% 3.0% 3.0% 3.0% 2.9% 2.4% 2.0% Pro Forma Zions SunTrust Com
Slide 18: Amegy Enhances Growth
Amegy Enhances Growth Amegy’s growth has been consistent with Zions’ superior growth rates Loans ($ bn) $35 $30 $25 $20 $15 $10 $5 $0 $14.2 $16.7 $17.1 $19.8 $18.8 $21.9 $19.7 $23.2 $22.4 $27.0 $22.7 $27.4 PF ZION CAGR = 12.4% ZION CAGR = 11.7 % 2000 2001 2002 2003 2004 3/31/05 ZION Pro Forma ZION D
Slide 19: Asset Quality Remains Strong
Asset Quality Remains Strong NCOs as % of Average Total Loans (Annualized) 0.80% 0.70% 0.60% 0.50% 0.40% 0.30% 0.20% 0.10% 0.00% -0.10% 99 Qtr -0.20% 0.26% 0.27% 0.07% -0.20% 2nd -0.10% 3 Qtr rd 99 4th Qtr Qtr 1st 99 Qtr 2nd 00 3 Qtr 00 rd 4th Qtr Qtr 1st 00 Qtr 2nd 01 3 Qtr rd 01 4th Qtr Qtr01 1st
Slide 20: Interest Rate Risk
Interest Rate Risk Zions NIM vs. 30-Day LIBOR 7.00% 6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 4.60% 3.77% 3.45% 3.05% Mar- 98 Jun-98 Sep-98 Dec-98 Mar-99 Jun-99 Sep-99 Dec-99 Mar-00 Jun-00 Sep-00 Dec-00 Mar-01 Jun-01 Sep-01 Dec-01 Mar-02 Jun-02 Sep-02 Dec-02 Mar- 03 Jun- Sep-03 Dec-03 Mar-04 Jun-04 Sep-04
Slide 21: Interest Rate Risk
Interest Rate Risk Zions NIM vs. 30-Day LIBOR 5.00% 4.80% 4.60% 4.40% 4.20% 4.00% 3.80% 3.60% 3.40% 3.20% 3.00% 4.60% 3.77% 3.45% Ma r- 98 Jun-98 Sep-98 Dec-98 Ma r-99 Jun- 99 Sep-99 Dec-99 Ma r-00 Jun-00 Sep-00 Dec-00 Mar-01 Jun-01 Sep-01 Dec-01 Mar-02 Jun-02 Sep-02 Dec-02 Ma r- Jun-03 Sep-03 Dec-0
Slide 22: Expense Management
Expense Management Efficiency Ratio (%) 68 66 64 62 60 58 56 54 52 67.03 56.64 55.67 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 1H-05 Zions Bancorporation Peer Average Amegy Source: SNL peer data defined as top 50 U.S. banks by asset size
Slide 23: Bringing Expenses In Line
Bringing Expenses In Line Amegy Efficiency Ratio 67% Zions Efficiency Ratio 56% Zions Subsidiary Bank Eff. Ratio (avg) 53% Cost Reduction required to bring $44MM (17%) Amegy to 56% Cost Reduction required to bring $55MM (21%) Amegy to 53%
Slide 24: Amegy Acquisition
Amegy Acquisition Continue the great organic growth Maintain the credit culture Improve interest rate risk management Improve efficiency A genuinely unique opportunity to create the best growth franchise in banking
Slide 25: Additional Information and Where to Find It
Additional Information and Where to Find It Zions Bancorporation will file a Form S-4, Amegy Bancorporation will file a proxy statement and both companies will file other relevant documents concerning the proposed merger transaction with the Securities and Exchange Commission (SEC). INVESTORS ARE UR
Slide 26: Forward-Looking Statements
Forward-Looking Statements This presentation contains statements regarding the projected performance of Zions Bancorporation. These statements constitute forward-looking information within the meaning of the Private Securities Litigation Reform Act. Actual results or achievements may differ material
Slide 27: KBW Large Cap Bank Conference
KBW Large Cap Bank Conference 9 August 2005
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