Bcb Bancorp, Inc. (nj) · NASDAQ:BCBP
Bcb Bancorp, Inc. (nj) — BCB Bancorp — Investor Presentation (November 2022)
23 slides from Bcb Bancorp, Inc. (nj)'s investor presentation, Nov 15, 2022
Slide 1: November 2022 Investor Presentation
November 2022 NASDAQ:BCBP 1 Exhibit 99.1
Slide 2: Forward-looking statements
This presentation, like many written and oral communications presented by BCB Bancorp, Inc., and our authorized officers, may contain certain forward- looking statements regarding our prospective performance and strategies within the meaning of Section 27A of the Securities Act of 1933, as amended,
Slide 3: Executive Summary
Growing, profitable, and commercially oriented Bank with $3bn in assets and $2.7bn in deposits Top 15 ranked NJ-based Bank by deposit size Attractive geographic footprint in desirable markets with high population density Focused on commercial loan growth funded with relationship-based core deposits
Slide 4: Executive Summary (Cont'd)
Strategically investing in digital banking technologies and infrastructure Experienced leadership team and Board of Directors that have guided the Bank through multiple economic cycles Offers a unique value proposition with meaningful future upside Executive Summary (Cont’d)
Slide 5: About BCB Bancorp, Inc. (BCBP)
Founded in 2000 Growing $3.3 billion commercial bank headquartered in Bayonne, NJ with a market capitalization of over $330 million Community and relationship-focused business model Operates 28 full-service banking offices Markets of Operation: New Jersey: Hudson County, Middlesex County, Essex Coun
Slide 6: BCBP Branch Footprint
Source: BCB + SNL Financial BCBP Branch Footprint BCB Branches
Slide 7: Ranked in top of NJ-based banks by deposit size
. Source: S&P Capital IQ RANKED IN TOP 15 OF NJ-BASED BANKS BY DEPOSIT SIZE
Slide 8: Commercially Focused Bank
Source: Company Filings Commercially Focused Bank 2017 Total Loans: $1.6 billion Yield on Loans: 4.57% 2022 Total Loans: $2.8 billion Yield on Loans: 4.79% Strong 5-year loan growth highlighted by yield expansion and a continued strategic commercial focus 5-Year CAGR: 12%
Slide 9: Commercially Focused Bank (Cont'd)
Source: Company Filings Commercially Focused Bank (Cont’d) 2017 Total Deposits: $1.5 billion Cost of Deposits: 0.83% 2022 Total Deposits: $2.7 billion Cost of Deposits: 0.36% Loan growth funded by an attractively priced and expanding deposit franchise with emphasizes on relationship-based banking. M
Slide 10: Consistent Profitable Growth
Source: S&P Capital IQ and Company Filings. Significant balance sheet growth combined with NIM expansion and expense control has resulted in attractive returns Net Interest Margin Efficiency Ratio Consistent Profitable Growth Total Assets ($B) ROATE
Slide 11: Strong Credit Quality, Liquidity, and Capital Position
Source: S&P Capital IQ and Company Filings. Balance sheet growth accompanied with improving credit quality and prudent management of capital and liquidity. Better positioned than peers to deal with economic headwinds LLR / Loans Loans / Deposits Strong Credit Quality, Liquidity, and Capital Position
Slide 12: Strategic Acquirer
Note: Represents data at announcement date; Historical maps only include active branches Source: S&P Global Market Intelligence Pamrapo Bancorp, Inc. Allegiance Community Bank IA Bancorp, Inc. BCBP Pamrapo BCBP Allegiance BCBP (22) IA Bancorp (5) Strategic Acquirer 2010 HQ: Bayonne, NJ Target Assets
Slide 13: Track Record of Prudent Capital Management
Management has a proven track record of managing the capital in a disciplined and profitable manner Management continues to deploy capital strategically to pursue the following initiatives: Organic Growth – Significant demand from a growing base of commercial customers Share Buybacks – Stock remains
Slide 14: Digitally Focused
Source: BCB + Google My Maps Management is focused on the digitization of both the front and back office operations for revenue and expense optimization Partnership with Q2 to enhance BCB’s digital banking channels Proactively investing in “smart” ITMs to improve customer experience and reduce relia
Slide 15: Experienced Management Team
Years in the Industry Years with the Company Experience Thomas Coughlin President & Chief Executive Officer 33 21 President & CEO of the Company and the Bank since 2014 Also served as Chief Financial Officer and Chief Operating Officer of the Company and the Bank Previously served as Vice President
Slide 16: Experienced Management (Cont'd)
Years in the Industry Years with the Company Experience David Garcia Chief Lending Officer 26 2 Chief Lending Officer of the Company and Bank since 2020. Previously served at Oritani Bank as Executive Vice President of the bank’s private REIT, Oritani Asset Corp., and at UBS Investment Bank in vario
Slide 17: Value Proposition – Key Takeaways
NJ-based highly profitable commercial bank in demographically attractive markets Sizeable balance sheet with $3bn in assets and significant growth potential Commercial orientation and relationship-based banking has translated into consistent NIM expansion over the past several quarters Rising rate e
Slide 18: Value Proposition – Key Takeaways (Cont'd)
* Valuation based on market data as of 11/3/22 sourced from S&P Capital IQ. Well-positioned to advantage from the market opportunities resulting from recent regional mergers Strong organic capital growth and prudent use of capital have resulted in robust capitalization Safety hedge against a recessi
Slide 19: One Year Stock Price Performance
Source: S&P Capital IQ November 4, 2021-November 3, 2022 Percent Change in Price(%) Nov-22 BCBP One Year Stock Price Performance +28% -24%
Slide 20: Summary Financial Highlights
Summary Financial Highlights
Slide 21: Overall Financial Results
Source: S&P Capital IQ and Company filings. Overall Financial Results
Slide 22: Performance Metrics
Performance Metrics | 3.2022 | a22022 | a1 2022 | aszo21 | a32021 | Nonaccruals/Total Loans 0.30 0.35 0.38 0.64 0.89 Reserves/Nonaccruals 390.3 370.7 368.1 249.3 184.1 Net Interest Margin 4.18 3.74 3.46 3.44 3.46 ROAA 1.74 1.32 1.33 1.42 1.13 ROAE 19.4 15.0 14.7 16.3 12.8 Efficiency Ratio 415 476 53
Slide 23: Contact Information
CONTACT INFORMATION Thomas M. Coughlin President & Chief Executive Officer 201-823-9169 tcoughlin@bcb.bank Jawad Chaudhry, CFA Chief Financial Officer 201-243-3233 jchaudhry@bcb.bank Photo Source: www.bcb.bank Ryan Blake, MBA Chief Operating Officer 201-243-3234 rblake@bcb.bank Kenneth Emerson Chief