Citizens Community Bancorp, Inc. · NASDAQ:CZWI
Citizens Community Bancorp — Shareholder Meeting (March 2016)
28 slides from Citizens Community Bancorp's shareholder meeting presentation, Mar 24, 2016
Slide 1: Annual Meeting March 24, 2016
Annual Meeting March 24, 2016 Exhibit 99.1
Slide 2: Cautionary Note Regarding Forward Looking Statements
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
Slide 3: Overview
Overview • Based in Eau Claire County, Wisconsin, Citizens Community Federal N.A. serves more than 50,000 customers in Wisconsin, Minnesota and Michigan. • 16 branches, including 8 locations in Walmart supercenters. • Key markets include: • Eau Claire/Rice Lake, Wisconsin MSA • Fox Valley, Wisconsin
Slide 4: Focused Market Presence in Three States
Focused Market Presence in Three States Green colored cities reflect the proposed acquisition of Community Bank of Northern Wisconsin. Community Bank of Northern Wisconsin
Slide 5: Aligning Our Company for Growth
Aligning Our Company for Growth • Building our core business through product enhancement and efficiency improvements: • Treasury Management • Government Lending and Deposit Products • Mobile Banking Products • Enhanced On-Line Banking Products • Trim unproductive assets, “rightsizing” our branch net
Slide 6: Aligning Our Company for Growth
Aligning Our Company for Growth • Maintain balance sheet strength through high quality credit and underwriting standards. • Expand our presence in attractive growth markets: • Mankato • Chippewa Falls • Central Bank branch acquisition – Rice Lake/Barron • Pending Acquisition of Community Bank of Nor
Slide 7: Improving Financial Trends
Improving Financial Trends • Net income • Interest income • Non-interest income • Loan and deposit expansion • Credit quality • Capital strength
Slide 8: Net Income Demonstrates Focus on Profitability
Net Income Demonstrates Focus on Profitability $193 $206 $1,047 $1,783 $2,614 $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 FY2011 FY2012 FY2013 FY2014 FY2015 (In $000)
Slide 9: Net Interest Income After Provision
$14,987 $16,054 $16,120 $17,848 $17,910 $13,000 $14,000 $15,000 $16,000 $17,000 $18,000 FY2011 FY2012 FY2013 FY2014 FY2015 (In $000) Net Interest Income After Provision
Slide 10: Total Non-Interest Income
Total Non-Interest Income (net of impairment and gain/loss on sale of AFS securities) $2,528 $2,761 $3,296 $3,662 $3,853 $0 $1,000 $2,000 $3,000 $4,000 $5,000 FY2011 FY2012 FY2013 FY2014 FY2015 (In $000)
Slide 11: Cost of Funds / Net Interest Margin
Cost of Funds / Net Interest Margin 3.77% 3.94% 3.62% 3.61% 3.36% 1.72% 1.39% 1.10% 0.85% 0.91% 0.50% 1.50% 2.50% 3.50% 4.50% FY2011 FY2012 FY2013 FY2014 FY2015 Net Interest Margin Cost of Funds
Slide 12: Total Deposits
Total Deposits $448,973 $422,058 $447,398 $449,767 $456,298 $400,000 $410,000 $420,000 $430,000 $440,000 $450,000 $460,000 FY2011 FY2012 FY2013 FY2014 FY2015 (In $000)
Slide 13: Demand & Savings Account Growth
Demand & Savings Account Growth $51,310 $54,446 $62,260 $66,642 $71,296 $0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 FY2011 FY2012 FY2013 FY2014 FY2015 (In $000)
Slide 14: Consistent Loan & Asset Growth
Consistent Loan & Asset Growth $536,557 $530,183 $554,521 $569,815 $580,148 $431,746 $427,789 $440,863 $470,366 $450,510 $300,000 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 FY2011 FY2012 FY2013 FY2014 FY2015 Total Assets Total Loans Before Allowance for Loan Losses ("ALL")
Slide 15: Loan Portfolio Diversification
Loan Portfolio Diversification $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000 FY2011 FY2012 FY2013 FY2014 FY2015 Total Loans Before ALL Consumer Real Estate Consumer Non-Real Estate Commercial/Agricultural Loans
Slide 16: NPAs / Total Assets Ratio
NPAs / Total Assets Ratio 1.07% 0.95% 0.66% 0.46% 0.37% 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% FY2011 FY2012 FY2013 FY2014 FY2015
Slide 17: Nonaccrual / Nonperforming Loans
Nonaccrual / Nonperforming Loans $0 $1,000 $2,000 $3,000 $4,000 $5,000 FY2011 FY2012 FY2013 FY2014 FY2015 (In $000) Nonaccrual Loans Nonperforming Loans
Slide 18: Capital Ratios: Consistent Strength
Capital Ratios: Consistent Strength 10.1% 10.2% 9.9% 10.0% 10.40% 13.1% 14.1% 15.0% 14.9% 15.30% 14.1% 15.4% 16.3% 16.1% 16.50% 8% 9% 10% 11% 12% 13% 14% 15% 16% 17% FY2011 FY2012 FY2013 FY2014 FY2015 Leverage Ratio Tier 1 Ratio Tot. Risked-Based Capital Ratio
Slide 19: Delivering and Building Shareholder Value
Delivering and Building Shareholder Value • Consistent tangible book value • Stock price closing the gap • Market and investor recognition • Investment appeals • Looking ahead: growth opportunities
Slide 20: Key Data at a Glance (FY2015)
Key Data at a Glance (FY2015) • Net Income (000) $2,614 • EPS (diluted) $0.50 • ROAA 0.45% • ROAE 4.44% • Price at 9/30/15 $8.84 • Tangible Book Value $11.55 • Price/LTM EPS 18X • Price/Tangible Book 77% • Avg. Diluted Shares Outstanding 5,239,942
Slide 21: 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 $9.75 $10.30 $10.73 $10.51 $11.09 $11.55 $0.00 $3.00 $6.00 $9.00 $12.00 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 Year End Price Reported Tangible Book Value/Share P
Slide 22: Five Year CZWI Price Reflects Performance
Five Year CZWI Price Reflects Performance
Slide 23: Investment Appeals
Investment Appeals • Positioned for profitable growth in our market footprint. • Accelerating commercial banking business. • Diversified income stream. • Focus on productivity, disciplined expense management. • Proven financial performance. • Annual cash dividend initiated in 2013 and increased in 2
Slide 24: Looking Ahead: Positioned for the Future
Looking Ahead: Positioned for the Future • Organic profitable growth • Revenue growth from core assets • Focus on productivity • Historical ability to increase loans while diversifying loan portfolio • Actively seeking acquisitions • Strategic in-market opportunities • Strategic contiguous markets m
Slide 25: Community Bank of Northern Wisconsin Pending Acquisition Highlights
Community Bank of Northern Wisconsin Pending Acquisition HIGHLIGHTS • Meets goals of Strategic Plan of in-market and contiguous market acquisitions. • Expands our commercial / agriculture business as well as our residential and consumer banking businesses. • Expands our depository footprint in north
Slide 26: Community Bank of Northern Wisconsin Financial Highlights
Community Bank of Northern Wisconsin FINANCIAL HIGHLIGHTS • No book dilution, with a 3.5 year payback. • Projected Internal Rate of Return (IRR) of 11.46%. • Cost of funds decrease from 86 bps to 83 bps. • Estimated earnings per share growth of 25 cents, a 50% increase from fiscal 2015. • Interest r
Slide 27: Questions?
Questions ?
Slide 28: CCFBANK
CCFBANK
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