CASH 2018 Special Proxy Statement

Material Financial Analyses. The following summarizes the material financial analyses presented by Raymond James to Meta’s board of directors during its meeting on January 8, 2018, which material was considered by Raymond James in rendering its opinion. Unless the context indicates otherwise, the analyses relied upon the closing price of the common stock of the selected companies listed below as of January 5, 2018. Unless otherwise indicated, for each of the following analyses performed by Raymond James, financial and market data and earnings per share, or EPS, estimates for the selected companies were based on the companies’ filings with the SEC and certain publicly available research analyst estimates for those companies. The financial analyses summarized below include information presented in tabular format. In order to fully understand the financial analyses performed by Raymond James, the tables must be read together with the text of each summary. The tables alone do not constitute a complete description of the financial analyses performed by Raymond James. Considering the data set forth in the tables below without considering the full narrative description of the financial analyses, including the methodologies and assumptions underlying the analyses, could create a misleading or incomplete view of the financial analyses performed by Raymond James. Contribution Analysis. Raymond James analyzed the relative contribution of Meta and Crestmark to certain financial and operating metrics for the pro forma combined company resulting from the merger. Such financial and operating metrics included: (i) gross loans; (ii) deposits; (iii) tangible common equity as of September 30, 2017; (iv) net income for the last twelve months, or LTM, ended September 30, 2017; (v) estimated net income for the twelve months ended September 30, 2018 based on the Projections; and (vi) estimated net income for the twelve months ended September 30, 2019 based on the Projections. The relative contribution analysis did not give effect to any synergies or purchase accounting adjustments as a result of the merger. The results of this analysis are summarized in the table below: Meta Crestmark Exchange Gross Loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60.7% 39.3% 4.72x Deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 77.4% 22.6% 2.15x Tangible Common Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . 76.2% 23.8% 2.30x Last-12-Months Net Income . . . . . . . . . . . . . . . . . . . . . . . . . 68.9% 31.1% 3.30x 2018E Net Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67.3% 32.7% 3.55x 2019E Net Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67.6% 32.4% 3.50x Exchange Ratio in the Merger . . . . . . . . . . . . . . . . . . . . . . . . 2.65x Selected Companies Analysis. Raymond James reviewed certain financial information and stock market data for two selected groups of companies with publicly traded equity securities that it deemed relevant for its analysis. The two selected groups represent companies that Raymond James believed to be comparable for Meta and Crestmark, respectively. The financial data reviewed included (i) tangible book value, or TBV, per share; (ii) LTM EPS, for which data was available (in each case, which was the twelve months ended September 30, 2017); and (iii) publicly available analysts’ consensus estimates for EPS for fiscal years 2018 and 2019. No company used in the analyses described below is identical or directly comparable to Meta or Crestmark. The selected companies and resulting data are below: Meta Comparable Group • Simmons First National Corporation (SFNC) • TowneBank (TOWN) • Boston Private Financial Holdings, Inc. (BPFH) • Ameris Bancorp (ABCB) • BancFirst Corporation (BANF) • First Financial Bankshares, Inc. (FFIN) • First Busey Corporation (BUSE) 48