8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  May 8, 2018

People’s Utah Bancorp
(Exact name of registrant as specified in its charter)
Utah	001-37416	87-0622021
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
1 East Main Street American Fork, UT
(Address of principal executive offices)
84003
(Zip code)
(801) 642-3998
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

[   ]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[   ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[   ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[   ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company [X]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  [X]

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Item 7.01Regulation FD Disclosure.

During the week of May 8, 2018 the Company will make a series of investor presentations. A copy of the slides used in these presentations is being furnished as Exhibit 99.1. The presentation will also be made available on the investor relations section of the Company’s website at www.peoplesutah.com.

The information in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise stated in such filing.

Item 9.01Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number	Description
99.1	Investor Presentation May 2018.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	People’s Utah Bancorp
Date: May 8, 2018	By:	/s/ Mark K. Olson
		Mark K. Olson
		Executive Vice President and Chief Financial Officer

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EX-99.1

People’s Utah Bancorp Presenters: Len Williams, President & CEO Mark Olson, EVP & CFO Investor Presentation May 8, 2018 Exhibit 99.1

Forward Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties, including, but not limited to: The credit and concentration risks of our lending activities; Changes in general economic conditions, either nationally or in our market areas; Competitive market pricing factors and interest rate risks; Market interest rate volatility; Investments in new branches and new business opportunities; Balance sheet (for example, loans) concentrations; Fluctuations in demand for loans and other financial services in our market areas; Changes in legislative or regulatory requirements or the results of regulatory examinations; The ability to recruit and retain key management and staff; Risks associated with our ability to implement our expansion strategy and merger integration; Stability of funding sources and continued availability of borrowings; Adverse changes in the securities markets; The inability of key third-party providers to perform their obligations to us; Changes in accounting policies and practices and the use of estimates in determining fair value of certain of our assets, which estimates may prove to be incorrect and result in significant declines in valuation; and These and other risks as may be detailed from time to time in our filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance on any forward-looking statements. Moreover, you should treat these statements as speaking only as of the date they are made and based only on information then actually known to the Company. The Company does not undertake and specifically disclaims any obligation to revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements. These risks could cause our actual results in 2018 and beyond to differ materially from those expressed in any forward-looking statements by, or on behalf of, us, and could negatively affect the Company’s operating results, financial condition and stock price performance.

Company Overview Over 100+ years operating history Headquarters in Utah County Largest community bank in Utah Only public community bank in Utah 26 full service branch locations located throughout Utah and Southern Idaho Strong core deposit base with 37% noninterest bearing, and 49 bps cost of funds year to date 2018 Provide highly personalized service to small and medium sized businesses and individuals

Operating Structure People’s Utah Bancorp

Target Market

Strong Market Dynamics in Utah

Business Model Customers — Small to medium local businesses, and moderate to high net worth individuals; Market Niches — Real estate construction, land acquisition and development, commercial real estate, commercial & industrial, agriculture, equipment leasing, and residential real estate; Loan Products — Commercial real estate, construction, commercial & industrial, multi-family, single family, home equity lines, and other consumer loans; Customer Interaction — Local decision making, market specialists, full service branch locations, local/regional advisory boards; and Community Service — Active involvement in communities, service hours, and community donations.

Business Model—Continued Productivity Process Products People

Business Strategy Hire and Retain the Best Bankers in Our Markets Continue Strong Organic Growth Increase market share in current area of operations and expand in recently acquired markets Expand Product Offerings Expand Commercial & Industrial lending, particularly in Commercial Banking Centers Enhance treasury cash management and other fee-based services

Business Strategy—continued Enhance Operating Efficiencies Leverage existing operating structure over recently acquired portfolios Ensure operating model is scalable Utilize technology to lower overall operating costs, while enhancing customer experience Active Pursue Acquisition Opportunities Transactions that are within the Intermountain West Tangible book value dilution earned back in less than 4 years Earnings accretion within 1 year

Deposit Market Share in Utah—2017 PUB has a strong market presence in three of the four counties that make-up the population centers of Utah PUB – largest deposit share of Utah community banks Source: SNL Financial, 6/30/2017 deposit data. Excluding industrial banks.

Deposit Market Share in Utah—2017 Source: SNL Financial, 6/30/2017 deposit data. Excluding industrial banks.

Loan Growth Trend & Composition Loan Portfolio Growth $830 $953 $1,066 $1,120 $1,627 CAGR 18% Loan Composition $1,688

Deposit Growth Trend & Composition Deposit Portfolio Growth CAGR 19% $908 $948 $1,311 $1,427 $1,806 Deposit Composition $1,815

Asset Quality Trends 30+ Delinquent Loans / Gross Loans NCOs / Average Loans Loan Loss Reserves / Gross Loans NPAs / Assets (A) Excluding fair value loans = 1.55% (A)

Financial Performance

Company Snapshot—Q1-18

Net Income (“Core”) Annual Core Net Income Quarterly Core Net Income “Core” is a non-GAAP measure that excludes costs associated with acquisitions and write-off of DTA

Diluted Earnings Per Share (“Core”) Annual Core EPS Quarterly Core EPS “Core” is a non-GAAP measure that excludes costs associated with acquisitions and write-off of DTA

Dividends Per Share Annual Dividends Per Share Quarterly Dividends Per Share

Net Interest Margin Yields & NIM COF

Efficiency Ratio (“Core”) Annual Core Efficiency Ratio Quarterly Core Efficiency Ratio “Core” is a non-GAAP measure that excludes costs associated with acquisitions and write-off of DTA

Return on Assets (“Core”) Annual Core ROA Quarterly Core ROA “Core” is a non-GAAP measure that excludes costs associated with acquisitions and write-off of DTA

Return on Equity (“Core”) Annual Core ROE Quarterly Core ROE “Core” is a non-GAAP measure that excludes costs associated with acquisitions and write-off of DTA