Columbia Financial, Inc. · NASDAQ:CLBK
Columbia Financial — Investor Presentation (June 2019)
15 slides from Columbia Financial's investor presentation, Jun 6, 2019
Slide 1: Columbia Financial, Inc.
fe Columbia Financial, Inc. NASDAQ: CLBK June 6, 2019
Slide 2: Safe Harbor Statement
SAFE HARBOR STATEMENT THIS PRESENTATION CONTAINS FORWARD‐LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 REGARDING COLUMBIA FINANCIAL INC.’S EXPECTATIONS OR PREDICTIONS OF FUTURE FINANCIAL OR BUSINESS PERFORMANCE OR CONDITIONS. FORWARD‐LOOKING STATEMENTS
Slide 3: Columbia Financial, Inc. overview
• Columbia Financial, Inc. (“CLBK”) is the mid-tier holding company for Columbia Bank (the “Bank”), a community bank with 50 branches. • Established in 1927, the Bank is headquartered in Fair Lawn, NJ and operates branches in 10 New Jersey counties. • CLBK is in the mutual holding company (“MHC”) st
Slide 4: Financial Performance
FINANCIAL PERFORMANCE AT (In thousands) Sept 30, 2016 Sept 30, 2017 Dec 31, 2017 Dec 31, 2018 Total Assets $5,037 $5,429 $5,766 $6,691 Loans Receivable, Net $3,932 $4,308 $4,400 $4,917 Deposits $3,823 $4,123 $4,263 $4,414 FOR THE THREE MONTHS FOR THE YEARS ENDED DECEMBER 31, SELECTED FINANCIAL RATIO
Slide 5: Lending
LENDING • The Bank intends to continue to grow all segments of its loan portfolio, but will have a greater emphasis on commercial segments. • The Bank is currently increasing its commercial lending team in order to source new relationships and loans. • Historically, the Bank had limited its lending
Slide 6: Asset Quality
ASSET QUALITY • NPAs to assets have declined from 1.19% of assets at September 30, 2014 to 0.04% of assets at December 31, 2018. • ALLL to loans was 1.26% at December 31, 2018. 6
Slide 7: Deposits
DEPOSITS • The Company’s primary source of funds is deposits, which are comprised of demand accounts, money market accounts, savings accounts and certificates of deposit. • Deposit growth is sourced through our retail branch network in conjunction with the efforts of our business development and com
Slide 8: Branching Strategy
BRANCHING STRATEGY • Expanding and optimizing footprint to penetrate more communities as well as modernizing existing facilities • Targeting four new branches per year subject to continued success • New branches will have a smaller footprint and fewer staff to match customer volume • Average total d
Slide 9: Earnings
EARNINGS Columbia Financial, Inc. THREE MONTHS ENDED MARCH 31, YEARS ENDED DECEMBER 31, Consolidated Income Statements ($ in thousands) 2019 2018 2018 2017 Interest and Dividend Income $ 62,887 $ 51,791 $ 226,290 $ 189,274 Interest Expense 20,503 12,730 62,256 45,965 Net Interest Income 42,384 39,06
Slide 10: Performance Relative to Large Conversions
PERFORMANCE RELATIVE TO LARGE CONVERSIONS • The following graph illustrates CLBK’s performance relative to all conversions since 2000 with net proceeds in excess of $250 million. The illustrated period is the third quarter following CLBK’s IPO which would be March 31, 2019. Source: S&P Global Peers:
Slide 11: Building the Team
BUILDING THE TEAM • In September 2018, the Bank segregated its lending function from its credit function to provide more independence and enhance credit oversight • New hires include: • EVP / Head of Commercial Banking • SVP Market Manager for South and Central Jersey • SVP Treasury Management • EVP
Slide 12: Digital Platform and Strategy
DIGITAL PLATFORM AND STRATEGY • The Company completed its core system conversion in 2015 to a state-of- the-art banking platform to facilitate real time transactions. • This real time platform allows the Company to support online account opening, mobile transactions and creates an enhanced user expe
Slide 13: Capital Deployment
CAPITAL DEPLOYMENT • Organic Growth • Additional Lenders • De Novo branches • New Products • Technology • Potential Acquisitions • Mutual Institutions • Stock Institutions • Fee Based Businesses • Potential Stock Repurchases • Dividends • CLBK is not a “grandfathered” mutual holding company as defin
Slide 14: Strategy
STRATEGY • Increasing earnings through the growth of our balance sheet • Expanding our commercial business relationships • Continue to emphasize the origination of 1-4 family residential mortgage loans • Increasing fee income through continued growth of fee-based activities • Expanding our franchise
Slide 15: Columbia Bank Foundation
COLUMBIA BANK FOUNDATION • Current Funding: $55 million • 2018 Total Donations: over $2 million • 2019 Anticipated Donations: $3 million • 2018 Team Columbia Volunteer Events: 156 • 2018 Team Columbia Participation Rate: nearly 100% • Added Programs: Employee Sponsored Giving and Community Program 1
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