PPT Slide
Forward-Looking Statement
This presentation contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from estimates. These risks and uncertainties include, among other things, (1) changes in general political and economic conditions, either domestically or internationally, including the economic effects of the September 11, 2001 terrorist attacks against the United States and the response of the United States to those attacks and a further deterioration in credit quality, including the resultant effect on the level of the Corporation’s nonperforming assets and chargeoffs; (2) continued economic, political and social instability in Argentina; (3) interest rate and currency fluctuations, equity and bond market fluctuations and perceptions, including continued weakness in the global capital markets and the impact of such weakness on the Corporation’s Principal Investing and other capital markets businesses; (4) changes in the competitive environment for financial services organizations and the Corporation's ability to manage those changes; (5) legislative or regulatory developments, including changes in laws concerning taxes, banking, securities, insurance and other aspects of the financial services industry; (6) technological changes, including the impact of the Internet on the Corporation's businesses; (7) the ability of the Corporation to fully realize expected cost savings and realize those savings within the expected timeframes; and (8) the level of costs related to the integration of acquired businesses. For further information, please refer to the Corporation’s reports filed with the SEC.
Notes:
Here are the key messages we are trying to communicate about our company
We’ve got the franchise we desired
- We’ve worked hard for the past 10 years putting this franchise together
- Over 50 acquisitions during this period … both bank and non-bank
- 18 of the top 25 banks in N.E. from the early 80s are now part of FBF
Growth driven by a customer-centric mindset
- Big strategic change for the company .. From growth driven by acquisitions
- No new big bank deals on the horizon .. strategic “filler” acquisitions are possible
- Great upside potential from the customers we already have
Earnings consistency from a diversified franchise
- We believe strongly in the diversified model
- e.g. capital mkts shortfall offset by growth elsewhere (Int’l, Cons, Coml Fin)
- This model has proven itself over time
Excellent financial capacity, esp. capital & reserves
- Especially critical in today’s slowing economy
- We are rapidly building excess capital