Kish Bancorp, Inc. · OTC:KISB
Kish Bancorp — Shareholder Meeting (May 2025)
46 slides from Kish Bancorp's shareholder meeting presentation, May 9, 2025
Slide 1: 2025 Annual Shareholders Meeting
2025 Annual Shareholders Meeting
Slide 2: Kish 125 Years
Slide 3: Welcome & Call to Order
Welcome & Call to Order 4
Slide 4: Our Purpose and Mission
Our Purpose “We believe that we can make the lives of those around us—our employees, our clients, and our communities— better.” Our Mission To achieve sustained success through an unwavering focus on fulfilling our clients’ financial needs. 5
Slide 5: Class 3 Directors
Class 3 Directors TERMS EXPIRE IN 2025 Director of Corporation/ Name Principal Occupation Bank Since Michael K. Halloran Principal, Advent Medical 2022/2022 Kathleen L. Rhine President and CEO, 2019/2019 Mount Nittany Health George V. Woskob Founder and Owner, 2017/2017 GN Associates 6
Slide 6: Corporation's 1998 Stock Option Plan Amendment
Corporation’s 1998 Stock Option Plan Amendment • The amendment is to establish the number of shares which may be issued under the Option Plan effective June 1, 2025, through May 31, 2035, at 500,000 shares. • The Option Plan is intended to secure for the Corporation and its shareholders the benefits
Slide 7: Class 1 and 2 Directors
Class 1 and 2 Directors Class of 2026 Class of 2027 • Eric J. Barron • William P. Hayes • William L. Dancy • Frances V. Vaughn • Gregory T. Hayes • James A. Troha • Paul G. Howes • Paul H. Silvis 8
Slide 8: Thriving
Slide 9: Our Clients
Tar ivinc KISH Our Clients expect more
Slide 10: 11
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Slide 11: Growth in Loans
Growth in Loans Total Gross Loans ($ in millions) $1,500 $1,424 $1,400 $1,300 $1,233 $1,200 $1,100 $1,024 $1,000 $900 $879 $800 $766 $687 $700 $637 $600 $575 $495 $500 $451 $400 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Data as of December 31, 2024 12
Slide 12: Loan Mix
Loan Mix (in $ thousands) Total Loans $1,232,862 at December 31, 2023 Total Loans $1,424,000 at December 31, 2024 Consumer Consumer Municipal Municipal 0.4% 0.4% 1.9% Commercial & Industrial 2.4% Construction Construction 13.0% Commercial & Industrial 11.8% 15.2% 11.2% Ag Production & Farmland Ag Pr
Slide 13: Diversified CRE Portfolio
Diversified CRE Portfolio (in $ thousands) CRE Owner Occupied CRE Non-Owner Occupied CRE Const. & Land Development $144,512 $437,305 $205,275 1% 1% 3% 3% 9% 16% 14% 8% 10% 11% 14% 14%% 9% 52% 7% 3% 2% 69% 7% 7% 16% 29% Retail & Mixed Use Office Buildings Multifamily Residential Retail & Mixed Use Mu
Slide 14: Growth & Asset Quality
Growth & Asset Quality Loan Delinquency (% of total loans) Total Gross Loans ($ in millions) $1,424 1.40% 1.31% 1.26% $1,400 1.20% $1,233 0.94% $1,200 1.00% $1,024 0.80% $1,000 $879 0.60% $766 $800 0.31% $687 0.40% $637 0.26% 0.25% $575 0.19% $600 0.20% 0.14% 0.14% $495 0.04% $451 0.00% $400 2015 20
Slide 15: Growth in Deposits
Growth in Deposits Total Deposits ($ in millions) $1,400 $1,298 $1,300 $1,200 $1,179 $1,100 $1,037 $1,003 $1,000 $900 $878 $800 $710 $700 $682 $654 $600 $543 $562 $500 $400 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Data as of December 31, 2024 16
Slide 16: Deposit Mix
Deposit Mix Total Deposits $1,179,069 at December 31, 2023 Total Deposits $1,298,070 at December 31, 2024 Brokered Brokered 7% 7% Interest-Bearing 55% Interest-Bearing 53% Time Deposits Time Deposits 27% 23% Non Interest-Bearing Non Interest-Bearing 15% 13% Data as of December 31, 2023 and December
Slide 17: Deposit Market Share
Deposit Market Share • Mifflin – 7 locations FDIC Deposit Market Share & Potential – Ranked #1 with 49.08% of deposit market share As of June 30, 2024 • Huntingdon – 3 locations Market Deposits in Total Market County Share Market Market – Ranked #2 with 28.44% of deposit market share Rank ($000) Sha
Slide 18: Mifflintown Branch
Mifflintown Branch 19
Slide 19: Our Team
Tar ivinc KISH Our Team expect more
Slide 20: Team Members
Eunice Harris Michelle Tran Alison Longenecker Shelbee Fletcher SVP, Products & Services Director Senior Data Analyst AVP, Credit Services Manager AVP, Senior Accounting Manager Tolly Sunderland Eric McMahon Skyler Bennage Kaitlin Moore Client Solutions Center Manager Branch Manager Commercial Relat
Slide 21: Team Members
Todd Heimbaugh Kelly Swartz Emma McClure Brandon Hinkle Senior Benefits Consultant KFS New Business Processor Relationship Banker Relationship Banker Karen Stimely Alaina Kreydatus Zachary Lehman Christopher Daher Video Banking Coordinator Client Solutions Specialist Cash Management Specialist AVP,
Slide 22: Accelerating Growth Over Time
Accelerating Growth Over Time Total Assets ($ in millions) $1,700 $1,693 $1,600 $1,543 $1,500 $1,400 $1,295 $1,300 $1,233 $1,200 $1,107 $1,100 $1,000 $918 $900 $851 $811 $800 $725 $697 $700 $600 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Data as of December 31, 2024 23
Slide 23: NIM Stability
NIM Stability Net Interest Margin and Effective Fed Funds Rate 5.50% 5.33% 5.00% 4.48% 4.50% 4.10% 4.00% 3.27% 3.50% 3.30% 3.24% 3.25% 3.09% 3.00% 2.50% 2.00% 1.50% 1.00% 0.50% 0.09% 0.08% 0.00% 2020 2021 2022 2023 2024 KISB NIM Effective Fed Funds Rate Data as of March 31, 2025 24
Slide 24: The Core Engine
The Core Engine Net Interest Income ($ in thousands) $50,000 $49,030 $45,000 $43,627 $40,000 $38,245 $35,000 $33,389 $31,108 $30,000 $27,538 $25,000 $20,000 $15,000 $10,000 $5,000 2019 2020 2021 2022 2023 2024 Data as of December 31, 2024 25
Slide 25: Bank & Non-Bank Fee Income
Bank & Non-Bank Fee Income Bank & Non-Bank Business Revenues • Bank Service Fees Non-Interest Income ($ in thousands) – 2024 revenue up 8.0% year over year $13,000 $12,108 $12,520 • Wealth Management $11,346 $11,371 $11,000 – 2024 revenue up 30.5% year over year $10,123 $9,000 $8,502 • Kish Insuranc
Slide 26: Net Income Growth
Net Income Growth $15,000 35% KISB Growth % YOY 30% 8% net income $14,000 30% $13,000 23% $14,520 25% growth in 2024 $12,000 $11,000 $13,500 over 2023 $12,860 20% $10,000 15% 15% $9,000 $8,000 $9,881 10% 15.7% Compound 5% $7,000 $8,039 8% Annual Growth 5% $6,000 $7,007 Rate over 5 years $5,000 0% 20
Slide 27: Strong Executive Leadership
Strong Executive Leadership Gregory T. Hayes Mark J. Cvrkel Richard A. Sarfert Robert S. McMinn, Esq. Keith A. Crissman President and CEO EVP, Chief Financial Officer EVP, Chief Credit Officer EVP, General Counsel EVP, Chief Revenue Officer Mark E. Yerger Kimberly A. Bubb Robert L. Bilger Thomas Min
Slide 28: Our Communities
KISH Our Communities expect more
Slide 29: Volunteerism
Volunteerism 8,900 hours in 2024 31
Slide 30: Sponsorships & Contributions
Sponsorships & Contributions $364,725.76 32
Slide 31: EITC
EITC $205,475.86 33
Slide 32: Kish for the Cure
Kish for the Cure $90,021.57 34
Slide 33: Our Communities
KISH Our Communities expect more
Slide 34: Our Shareholders
THI Our Shareholders 7ASISH expect more
Slide 35: Capital to Support Growth
Capital to Support Growth Total Stockholders’ Equity ($ in millions) $110 $106.1 $100 $92.8 $90 $80 $77.1 $70.0 $72.0 $70 $64.4 $59.7 $60 $56.3 $51.3 $53.6 $50 $40 $30 $20 $10 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Data as of December 31, 2024 39
Slide 36: Locally Focused, Nationally Recognized
Locally Focused, Nationally Recognized • Recognized in American Banker’s Top 100 Publicly Traded Community Banks for 16 of the last 17 years – Based on 3-year average return on shareholders’ equity as of 12/31/2023 • Ranked #3 in Pennsylvania for 2024 • Ranked #38 in the nation for 2024 Includes pub
Slide 37: Shareholder Performance
Shareholder Performance Earnings & Dividends Per Share Book Value Per Share $6.00 $40.00 $37.17 $5.02 $5.22 $5.13 $35.28 $35.00 $5.00 $29.39 $27.41 $30.00 $26.93 $3.88 $24.90 $4.00 $25.00 $3.20 $3.00 $2.80 $20.00 $15.00 $2.00 $1.50 $1.31 $1.46 $1.00 $1.08 $1.14 $10.00 $1.00 $5.00 $0.00 $0.00 2019 20
Slide 38: Stock Price Stability
Stock Price Stability 10-Year Total Return 10 Year stock price from April 26, 2015 to April 25, 2025 42
Slide 39: One Year Share Price and Trading Volume
One Year Share Price and Trading Volume 1 Year stock price from April 26, 2024 to April 25, 2025 43
Slide 40: Shareholder Performance and Opportunity
Shareholder Performance and Opportunity • Strong ROE of 12.23% for 2024 • EPS of $5.13 for 2024 • Consistent dividend expansion with current yield of 4.49% as of 2/21/25 • Market valuation of 1.00% of TBV as of 2/21/25 • Attractive P/E of 6.77x as of 2/21/25 • Dividend Reinvestment Plan. Data as of
Slide 41: Kish Bank 2025 Objectives
Kish Bank 2025 Objectives CLIENT: Build deeper human PEOPLE: Build the best team in relationships through the delivery of the community banking to passionately best solutions (products and technology) deliver legendary service. to improve the Kish client experience. GROWTH: Expand markets, clients,
Slide 42: Our Vision
Our Vision Kish will be known for providing legendary service. 46
Slide 43: Questions
Questions 47
Slide 44: Voting Results
Voting Results 48
Slide 45: Congratulations, Directors!
Congratulations, Directors! 49
Slide 46: 2025 Annual Shareholders Meeting
2025 Annual Shareholders Meeting