PSB Holdings, Inc. · OTC:PSBQ
PSB — Shareholder Meeting (April 2026)
32 slides from PSB's shareholder meeting presentation, Apr 21, 2026
Slide 1: 2026 Annual Shareholder Meeting
2026 Annual Shareholder Meeting April 21, 2026
Slide 2: Kevin J. Kraft, Chairman
Kevin J. Kraft Chairman PSB Holdings, Inc. Peoples State Bank
Slide 3: Scott M. Cattanach, President & CEO
Scott M. Cattanach President & CEO PSB Holdings, Inc. Peoples State Bank
Slide 4: Agenda
Agenda • Chairman’s Welcome • A Look Back at 2025 Impacts • Strategic Plan – Let's Grow Together • Business Meeting • Questions & Answers
Slide 5: Thank you to our staff with 20+ years of service
Thank you to our staff with 20+ years of service Connie Higgins Paula Denfeld Sarah Verber Susan Mathwich Vicki Mauritz Kathy Rein Tim Sanderson Tiffany Neiter Lisa Krause Ron Aderholdt Paula Szydel Laura Kuckkahn Brandon Karaba Peter Kramer Jessica Perry Gayle Boettcher Greg Framke Dawn Darling Cra
Slide 6: Forward Looking Statements
Forward Looking Statements Certain matters discussed in this presentation, including without limitation those relating to the growth of PSB, its profits, and future interest rates, are forward‐looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation
Slide 7: A Look Back at 2025 Customer Impacts
A Look Back at 2025 Customer Impacts
Slide 8: A Year of Execution & Improvements
A Year of Execution & Improvements Improved bottom line results Record earnings per share, up 40% Record tangible book value per share reaching $29.99/share Milwaukee area loan portfolio reached $334 million in 2025 New Products Peoples Money Market Plus high yield account Peoples Loyalty Pr
Slide 9: 2025 Community Highlights
2025 Community Highlights MARATHON COUNTY • Best Bank (14 years in a row) • Best Mortgage Lending Company • Top 3 Finalist for Best Financial Planning Services • Top 3 Finalist for Best Place to Work MILWAUKEE COUNTY • Top 3 Finalist for Best Mortgage Lending Company • Top 3 Finalist for Best Financ
Slide 10: 2025 Customer Experience Highlights
2025 Customer Experience Highlights 91% of customers gave High Satisfaction ratings out of 2,201 surveys It's been a pleasure to work with Peoples State Bank. We've had 2 mortgages, HELOC and checking, savings accounts. They are so easy to work with, very helpful. I'd recommend to anyone! -Eagle Riv
Slide 11: 2025 Community Highlights
2025 Community Highlights 5,735 Staff Volunteer Hours $250,000+ donated or allocated to sponsorships 300+ organizations supported
Slide 12: Testimonial Video
Testimonial Video
Slide 13: Key Trends and Success Factors in Community Banking
Key Trends and Success Factors in Community Banking Community Banks still adding value through support of local growth and initiatives when success requires close knowledge and trust that comes from relationship Competition and more Competition! Staying relevant with customer needs and technolog
Slide 14: A Look Back at 2025 Financial Impacts
A Look Back at 2025 Financial Impacts
Slide 15: Total Assets, Loans, & Deposits
Total Assets, Loans, & Deposits As of December 31 ($000s) $1,600,000 $1,400,000 $1,461,472 $1,200,000 $1,177,031 $1,000,000 $1,096,215 $800,000 $600,000 $400,000 $200,000 $0 2021 2022 2023 2024 2025 Loans Deposits Assets
Slide 16: Diluted Earnings & Dividends Per Share
Diluted Earnings & Dividends Per Share $3.50 $3.31 $3.00 $2.50 $2.00 $1.50 $1.00 $0.68 $0.50 $- 2021 2022 2023 2024 2025 Earnings per share Dividends per share
Slide 17: Return on Assets
Return on Assets 1.6% PSBQ $1B-$5B Peers Wisc 25th% Quartile Wisc 75th% Quartile 1.4% 1.2% 1.0% 0.8% 0.6% 0.4% 0.2% 0.0% 2021 2022 2023 2024 2025
Slide 18: Return on Average Tangible Common Equity
Return on Average Tangible Common Equity 18% PSBQ $1B-$5B Peers Wisc 25th% Quartile Wisc 75th% Quartile 16% 14% 12% 10% 8% 6% 4% 2% 0% 2021 2022 2023 2024 2025
Slide 19: Efficiency Ratio
Efficiency Ratio 100% PSBQ $1B-$5B Peers Wisc 25th% Quartile Wisc 75th% Quartile 90% 80% 70% 60% 50% 40% 2021 2022 2023 2024 2025
Slide 20: Let's "Grow" Together 2026 – 2028 Strategic Plan
Let’s “Grow” Together 2026 – 2028 Strategic Plan
Slide 21: 2026-2028 Strategic Review
2026-2028 Strategic Review Goal: Support local market economic growth with customer focused independent banking that also meets the changing needs of our diverse and transitioning shareholder base who requires a competitive return on their investment. Plan: Grow in asset size and profitability to bu
Slide 22: Vision, Mission & Brand Promise
Vision, Mission & Brand Promise
Slide 23: Earnings per Share X Earnings Multiple = Stock Price
The EPS and P/E Multiple Relationship Earnings per Share X Earnings Multiple = Stock Price Directly Linked to Impacted by Company Performance Investor/Market Assumptions on Company Trends and the Banking Industry
Slide 24: Factors influencing the Stock Price Today
Factors influencing the Stock Price Today PSB Holdings, Inc. Earnings per Share: Higher than traditional operating expenses related to revenue, referred to as the "efficiency ratio" Recovering net interest margin from 2024 low point These factors combine to lower return on assets Market/Invest
Slide 25: How are we working to increase EPS?
How are we working to increase EPS? • Plan for significant loan and deposit growth in existing markets • Continued improvements to net interest margin • Modestly higher residential mortgage banking (fee) income These factors combined to increase revenue faster than expenses, for increased return on
Slide 26: Earnings Multiple by Exchange
Earnings Multiple by Exchange 14.0 13.3 12.1 12.0 12.0 10.2 9.8 10.0 10.2 10.0 9.0 9.1 9.2 9.0 8.2 8.5 8.0 7.4 7.1 6.0 4.0 2.0 0.0 2021 2022 2023 2024 2025 PSBQ P/E OTCQX Peer Median P/E NASDAQ Peer Median P/E Peers include all publicly-traded OTCQX and NASDAQ financial institutions with assets betw
Slide 27: Our Focus to Increase Market Multiples
Our Focus to Increase Market Multiples Increase earnings per share and return on assets Increasing revenue faster than expenses for a lower (improved) efficiency ratio Continue cash dividend per share growth – now paid quarterly Continue participation in stock buybacks Continue relationships wi
Slide 28: How does our Board of Directors drive Shareholder Value?
How does our Board of Directors drive Shareholder Value? Quarterly strategic planning sessions to review progress and plan for future Strategic use of advisors related to Compensation, Interest Rate Management, and Capital and M&A Investment Bankers Capital management discussions to best allocate ca
Slide 29: Q1 2026 Earnings Released April 27, 2026
A to Q1 2026 Earnings Released April 27, 2026 Find at www.psbholdingsinc.com
Slide 30: Annual Business Meeting
Annual Business Meeting (OLDINGS, INC.
Slide 31: Questions?
Questions? (OLDINGS, INC.
Slide 32: Thank You
Thank You (OLDINGS, INC.