CASH 2018 Special Proxy Statement

The analysis compared publicly available financial information for Meta as of or for the twelve months ended September 30, 2017 with the corresponding publicly available data for the Meta Peer Group as of or for the twelve months ended September 30, 2017, with pricing data as of January 5, 2018. The table below sets forth the data for Meta and the high, low, median and mean data for the Meta Peer Group. Meta Peer Group Meta High Low Mean Median Total Assets ($ in millions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,228 5,807 4,040 4,717 4,582 Market Capitalization ($ in millions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 871 1,541 667 1,036 974 Price / Tangible Book Value (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 306 322 132 221 212 Price / LTM EPS (x) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.7 30.0 14.3 19.2 18.0 Price / Est. 2017 EPS (x) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.5 25.4 15.8 18.5 17.8 Price / Est. 2018 EPS (x) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12.4 23.6 12.7 15.9 15.1 Dividend Yield (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.6 4.3 0.0 2.2 2.2 1 Year Price Δ (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (12.4) 64.0 (13.9) 6.0 0.3 Efficiency Ratio (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66 71 36 55 56 NIM (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.58 4.60 2.77 3.66 3.67 ROAA (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.13 1.47 1.07 1.18 1.15 ROATCE (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24.0 15.5 8.5 12.1 12.1 TCE/TA (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.6 13.7 7.8 10.1 10.0 CRE Concentration Ratio (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 132 550 50 245 235 Loan/Deposits (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41 123 27 94 97 NPAs/Assets (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.03 2.49 0.18 0.68 0.56 Meta Stock Trading History. Sandler O’Neill reviewed the historical stock price performance of Meta common stock for the one and three-year periods ended January 5, 2018. Sandler O’Neill then compared the relationship between the stock price performance of Meta’s common stock to movements in the Meta Peer Group (as described above) as well as certain stock indices. Meta One-Year Stock Price Performance Beginning January 5, 2017 Ending January 5, 2018 Meta . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.0% 87.3% Meta Peer Group . . . . . . . . . . . . . . . . . . . . . . . . . 100.0% 99.9% SNL Bank and Thrift . . . . . . . . . . . . . . . . . . . . . . 100.0% 116.1% S&P 500 Index . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.0% 121.2% Meta Three-Year Stock Price Performance Beginning January 5, 2015 Ending January 5, 2018 Meta . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.0% 256.0% Meta Peer Group . . . . . . . . . . . . . . . . . . . . . . . . . 100.0% 157.8% SNL Bank and Thrift . . . . . . . . . . . . . . . . . . . . . . 100.0% 149.7% S&P 500 Index . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.0% 135.8% Meta Net Present Value Analyses. Sandler O’Neill performed an analysis that estimated the net present value per share of Meta common stock assuming that Meta performs in accordance with publicly available consensus mean analyst earnings per share estimates for the year ending September 30, 2018 and mean analyst consensus earnings per share and balance sheet estimates for the years ending September 30, 2019, as well as long-term earnings per share estimates for the years ending September 30, 2020 and September 30, 2022 and estimated dividends per share for the years ending September 30, 2018 through September 30, 2022, as provided by senior management of Meta. To approximate the terminal value of Meta common stock at September 20, 2022, Sandler O’Neill applied the implied transaction price to 2022 earnings per share multiples ranging from 63