Citizens Community Bancorp, Inc. · NASDAQ:CZWI
Citizens Community Bancorp — Investor Presentation (September 2016)
16 slides from Citizens Community Bancorp's investor presentation, Sep 19, 2016
Slide 1: Citizens Community Bancorp Investor Presentation
September 19, 2016 Exhibit 99.1
Slide 2: Cautionary Note Regarding Forward Looking Statements
• This presentation includes forward-looking statements about the financial condition, results of operations and business of Citizens Community Bancorp, Inc. and its wholly owned subsidiary, Citizens Community Federal N.A. Forward-looking statements can be identified by the fact that they do not rel
Slide 3: Executive Management
Executive Management Stephen M. Bianchi is President and CEO of Citizens Community Bancorp, Inc. Prior to joining the Bank, he was President and CEO of HF Financial Corp in Sioux Falls, SD. Prior experience includes Senior Vice President at Associated Bank, where he served as Minnesota Regional Pres
Slide 4: Overview
Overview • Based in Eau Claire County, Wisconsin, Citizens Community Federal N.A. serves more than 50,000 customers. • Key markets include: Eau Claire/Rice Lake, Wisconsin MSA Mankato, Minnesota MSA Minneapolis/St. Paul, Metro MSA Oakland County, Michigan MSA • 16 branches, excluding 4 locat
Slide 5: Recent Developments
• May 16, 2016 - CZWI completes acquisition of Community Bank of Northern Wisconsin ($168 million in assets). • May 23, 2016 – CEO Edward Schaefer resigns. • June 17, 2016 – Hires FIG Partners to explore strategic options. • June 24, 2016 – Hires ex HF Financial President & CEO Steve Bianchi as Pres
Slide 6: Enhancing Performance and Franchise Value
• Remix loan and deposit composition. • Improve efficiencies and control expenses. • Enhance organic growth in core markets. • Attract new lenders and reposition existing lenders. • Enhance non-interest income. Enhancing Performance and Franchise Value
Slide 7: Investment Considerations
• New CEO with history of maximizing commercial and ag market growth and operational efficiencies was put in place in June 2016. • Shareholder focused management recently announced 10% stock repurchase program. • Acquired assets has propelled earnings growth. • Recent focus on branch efficiency is e
Slide 8: Branch Locations
Branch Locations “ Citizens Community Bancorp Inc
Slide 9: Net Income Growth
$193 $206 $1,047 $1,783 $2,614 $2,528 $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 FY2011 FY2012 FY2013 FY2014 FY2015 FTD 2016 Q3 (In $000) Net Income Growth
Slide 10: Well Diversified Loan Portfolio
Well Diversified Loan Portfolio Consumer Real Estate 33.5% Comml/Ag Real Estate 26.8% Consumer Indirect 21.2% Purchased Indirect 8.2% Automobile 2.3% C&I 6.6% Other 1.4% Loan Portfolio
Slide 11: NPAs / Total Assets Ratio Remain Low
1.07% 0.95% 0.66% 0.46% 0.37% 0.38% 0.33% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% FY2011 FY2012 FY2013 FY2014 FY2015 2016 Q3 (1) 0.71% NPAs / Total Assets Ratio Remain Low (1) Total nonperforming assets increased due to the CBN acquisition in 2016Q3 as follows: Nonaccrual loans; $1,832, Accruing l
Slide 12: Deposit Composition
Noninterest- bearing Demand 6.4% Interest- bearing Demand 8.9% Savings Accounts 8.5% Money Market Demand 25.4% Certificate Accounts 50.7% Deposit Composition
Slide 13: Key Data at a Glance
Key Data at a Glance Metric LTM 06/30/16 LTM 06/30/15 Q3 2016 Q3 2015 EPS (diluted) $0.61 $0.48 $0.18 $0.12 ROAA 0.50% 0.45% 0.59% 0.43% ROAE 5.24% 4.36% 6.17% 4.15% Stock Price $10.36 $9.16 10.36 $9.16 Tangible Book Value $11.20 $11.30 $11.20 $11.30 Price/Earnings 17.0X 19.1X NA NA Price/Tangible B
Slide 14: Below-Book Value Investing Opportunity Remains
Below-Book Value Investing Opportunity Remains; Stock Price Closing the Gap to Tangible Book Value $4.43 $5.00 $5.90 $7.25 $8.85 $8.84 $10.36 $9.60 $10.21 $10.68 $10.47 $11.06 $11.55 $11.20 $0.00 $3.00 $6.00 $9.00 $12.00 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 6/30/2016 Price Reported Tangible Boo
Slide 15: Since 2010, CZWI Total Return has Outpaced Bank Index
Since 2010, CZWI Total Return has Outpaced Bank Index
Slide 16: Building Franchise and Shareholder Value
Building Franchise and Shareholder Value • Increasing profitability due to growth, efficiencies to be recognized in the acquisition, and branch rationalization. • Accelerating commercial banking business with strong asset quality metrics. • Consistent tangible book value growth. • Commitment to retu
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