Slide 1: Q3 2024 Investor Presentation
Q3 2024 Investor Presentation
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation and information supplemental hereto contain, and during the course of oral and written presentations connected herewith management may make, projections and estimates with respect to future events or future financial performance, as well as other “forward
Slide 3: Snapshot - Kish Bancorp
Snapshot - Kish Bancorp Overview • A fully diversified financial services company with deep roots dating to 1900 • OTCQX: KISB • Recognized as one of Pennsylvania’s leading regional community banks • Board and Senior Management ownership in excess of 20% • Driven by a visionary focus on a differenti
Slide 4: More Than a Bank
More Than a Bank • Entrepreneurial • A fully diversified financial services company with a comprehensive suite of services to meet all business and personal needs • Fee and non-interest income of 20.3% of net operating income YTD • Disciplined acquirer and integrator of non-bank businesses Data as o
Slide 5: Experienced Executive Leadership
Experienced Executive Leadership William P. Hayes Gregory T. Hayes Robert S. McMinn, Esq. Executive Chairman President and CEO EVP, General Counsel • 47 years with Kish • 18 years with Kish • 26 years with Kish • Has taken Kish from $28 million • Chair, Bankers Advisory Board of • Extensive backgrou
Slide 6: Experienced Executive Leadership
Experienced Executive Leadership Kimberly A. Bubb Garen M. Jenco Thomas Minichiello SVP, Systems & Operations Director SVP, Client Experience Officer SVP, Retail Banking Director • 20 years with Kish • 6 years with Kish • 9 years with Kish • Director, PA Bankers Assoc. School • Expert leader of clie
Slide 7: Business Strategy
Business Strategy _AXISH BANCORP expect more KISH
Slide 8: Lines of Business
Lines of Business Banking Wealth Management Insurance Benefits Consulting Travel Full-service retail Financial planning Property and Employee Custom and commercial and investment Casualty healthcare and individual and banking advisory Business and benefits consulting group travel Mortg
Slide 9: Strategic Focus
Strategic Focus Build the Team Grow the Customer Base Build the best team in community banking Enable personalized human interactions to passionately deliver legendary service. through great technology to elevate the client experience. Team Client Attract and Reward Capital Expand markets, clients,
Slide 10: Leadership Execution
Leadership Execution • Sustained focus on being a growth and performance-driven company • Data-driven • Balance sheet structured for all rate environments • Active use of interest rate swaps, derivatives and balance sheet hedging • Established profitability analytics • Derivative expertise provides
Slide 11: Locally Focused, Nationally Recognized
Locally Focused, Nationally Recognized • Ranked #3 in Pennsylvania for 2024 • Ranked #38 in the nation for 2024 • Recognized in 15 of last 16 annual rankings – Based on trailing 3 years’ average return on shareholders’ equity as of 12/31/23. Includes publicly traded banks and thrifts under $2 billio
Slide 12: Financial Performance and Outlook
Financial Performance and Outlook 12
Slide 13: Accelerating Growth Over Time
Accelerating Growth Over Time Total Assets ($ in millions) $1,665 $1,600 $1,543 $1,400 $1,295 $1,233 $1,200 $1,107 $1,000 $918 $851 $811 $800 $725 $697 $600 2015 2016 2017 2018 2019 2020 2021 2022 2023 YTD 2024 Data as of September 30, 2024 13
Slide 14: Growth in Loans
Growth in Loans Total Gross Loans ($ in millions) $1,800 $1,665 $1,600 $1,400 $1,233 $1,200 $1,024 $1,000 $879 $800 $766 $687 $637 $600 $575 $495 $451 $400 2015 2016 2017 2018 2019 2020 2021 2022 2023 YTD 2024 Data as of September 30, 2024 14
Slide 15: Loan Mix
Loan Mix Total Loans $1,158,016 at September 30, 2023 Total Loans $1,374,566 at September 30, 2024 Consumer Consumer Municipal Municipal 0% Construction 0% 2% Commercial & Industrial 2% Construction 12% 12% Commercial & Industrial 15% 11% Ag Production & Farmland Ag Production & Farmland 2% 3% Nonfa
Slide 16: Diversified CRE Portfolio
Diversified CRE Portfolio CRE Owner Occupied CRE Non-Owner Occupied CRE Const. & Land Development $142,498 $397,416 $202,695 3% 3% 9% 17% 15% 10% 36% 17% 11% 13% 15% 8% 7% 3% 60% 4% 2% 4% 16% 15% 30% Retail & Mixed Use Office Buildings Multifamily Residential Student Housing Multifamily Residential
Slide 17: Growth & Asset Quality
Growth & Asset Quality Loan Delinquency (% of total loans) Total Gross Loans ($ in millions) $1,400 $1,372 1.40% 1.31% 1.26% $1,300 $1,233 1.20% $1,200 1.00% 0.94% $1,100 $1,024 0.80% $1,000 $879 $900 0.60% $766 $800 0.31% $687 0.40% 0.26% 0.25% $700 $637 0.19% 0.14% 0.14% $575 0.20% 0.05% $600 $495
Slide 18: Deposit Market Share
Deposit Market Share • Mifflin – 7 locations FDIC Deposit Market Share & Potential – Ranked #1 with 49.08% of deposit market share As of June 30, 2024 • Huntingdon – 3 locations Market Deposits in Total Market County Share Market Market – Ranked #2 with 28.44% of deposit market share Rank ($000) Sha
Slide 19: Accelerating Growth Over Time
Accelerating Growth Over Time Total Deposits ($ in millions) $1,400 $1,296 $1,300 $1,200 $1,179 $1,100 $1,037 $1,003 $1,000 $900 $878 $800 $710 $700 $682 $654 $600 $562 $543 $500 $400 2015 2016 2017 2018 2019 2020 2021 2022 2023 YTD 2024 Data as of September 30, 2024 19
Slide 20: Deposit Mix
Deposit Mix Total Deposits $1,124,230 at September 30, 2023 Total Deposits $1,296,449 at September 30, 2024 Brokered Brokered 7% Interest-Bearing 8% 56% Interest-Bearing 53% Time Deposits Time Deposits 21% 25% Non Interest-Bearing 16% Non Interest-Bearing 14% Data as of September 30, 2023 and Septem
Slide 21: Stable Net Interest Margin
Stable Net Interest Margin Net Interest Margin 4.00% 3.50% 3.40% 3.30% 3.24% 3.27% 3.26% 3.09% 3.00% 2.50% 2.00% 1.50% 1.00% 2019 2020 2021 2022 2023 YTD 2024 Data as of September 30, 2024 21
Slide 22: The Core Engine
The Core Engine Net Interest Income ($ in thousands) $43,627 $45,000 $40,000 $38,245 $36,236 $35,000 $33,389 $31,108 $30,000 $27,538 $25,000 $20,000 $15,000 $10,000 $5,000 2019 2020 2021 2022 2023 YTD 2024 Data as of September 30, 2024 22
Slide 23: Bank & Non-Bank Fee Income
Bank & Non-Bank Fee Income Bank & Non-Bank Business Revenues Non-Interest Income ($ in thousands) • Bank Service Fees – 2023 revenue up 8.69% year over year 13,000 $12,108 $11,371 • Wealth Management 11,000 $10,123 $11,346 – 2023 revenue up 2.42% year over year 9,000 $9,219 $8,502 • Kish Insurance r
Slide 24: Net Income Growth
Net Income Growth • 5% growth in 2023 versus 14,000 KISB Growth % YOY 35% 7.1% decline across 13,000 30% 30% community banks 12,000 according to the FDIC 11,000 23% $12,860 25% 10,000 • 17.8% average annual 9,000 $13,500 $10,400 20% 15% growth over 5 years 8,000 $9,881 15% • Doubled net income in 4
Slide 25: Shareholder Performance
Shareholder Performance Return on Equity • Strong ROE of 11.77% for YTD 2024 18.00% • EPS of $3.53 for YTD 2024 and $5.13 for 16.00% 14.95% 14.08% 2023 14.00% 12.90% 13.02% 11.77% • Share price of $32.00 as of 11/09/24 12.00% 11.56% 10.71% 10.00% • Market valuation of 0.94% of TBV as of 8.00% 11/09/
Slide 26: Shareholder Performance
Shareholder Performance Book Value Per Share Earnings & Dividends Per Share $40.00 $6.00 $35.28 $35.46 $5.02 $5.22 $35.00 $5.00 $29.39 $27.41 $30.00 $26.93 $24.90 $3.88 $4.00 $25.00 $3.53 $3.20 $20.00 $3.00 $2.80 $15.00 $2.00 $1.46 $10.00 $1.31 $1.00 $1.08 $1.14 $1.11 $1.00 $5.00 $0.00 $0.00 2019 20
Slide 27: Capital to Support Growth
Capital to Support Growth Total Stockholders’ Equity ($ in millions) $120 $104.3 $100 $92.8 $80 $77.1 $72.0 $70.0 $64.4 $59.7 $60 $56.3 $53.6 $51.3 $40 $20 $0 2015 2016 2017 2018 2019 2020 2021 2022 2023 YTD 2024 Data as of September 30, 2024 27
Slide 28: Why Invest in Kish Bancorp?
Why Invest in Kish Bancorp? Strong Earnings Trajectory & Leading Market Share with Focused on the Future: Clearly Differentiated Shareholder Performance Excellent Growth Potential Quality, Technology, Innovation Managed to the key drivers of Dominant market share among Focus on small businesses, Con
Slide 29: Stock Price Stability
Stock Price Stability 10-Year Total Return 10 Year stock price from November 9, 2014 to November 8, 2024 29
Slide 30: Contacts
Contacts Gregory T. Hayes Mark J. Cvrkel President & CEO EVP, Chief Financial Officer greg.hayes@kishbank.com mark.cvrkel@kishbank.com William P. Hayes Robert S. McMinn Executive Chairman EVP, General Counsel whayes@kishbank.com rmcminn@kishbank.com 30