Peoples Financial Corporation · OTC:PFBX
Peoples Financial — 23rd Annual Burkenroad Reports Investment Conference (2019)
14 slides from Peoples Financial's conference presentation, Jul 29, 2019
Slide 1: 23rd Annual Burkenroad Reports Investment Conference
OTCQX: PFBX 23rd Annual BURKENROAD REPORTS Investment Conference
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains forward-looking statements and reflects industry conditions, company performance and financial results. These forward-looking statements are subject to a number of risk factors and uncertainties which could cause the Company’s actual results and exper
Slide 3: Corporate Profile
Corporate Profile • The Peoples Bank founded 1896 • Headquarters - Biloxi, MS • Employees - 147 • Branches - 18 • ATMs - 30
Slide 4: Market Statistics – 3/31/2019
Market Statistics – 3/31/2019 • Assets: $633 million • Market Cap: $57 million • Stock price 52 week range: $11.50 - $14.00 • Book value: $18.35 • Price/book: 0.63% • Shares outstanding: 4,943,186 • Insider Ownership: 33% • Institutional Ownership: 48%
Slide 5: First Quarter 2019 Update
FIRST QUARTER 2019 UPDATE • Net earnings totaled $405,000 … 39% increase over 1Q17 • Earnings for the year-ended December 31, 2018 totaled $629,000 vs $2,758,000 the prior year • Net Interest Margin improved 20bps in 1Q19 vs 1Q18 • Loan volume decreased 3% in 1Q19 vs 1Q18 • Primary capital base of 1
Slide 6: Earnings Summary
PEOPLES FINANCIAL CORPORATION (In thousands, except per share figures) (Unaudited) EARNINGS SUMMARY Three Months Ended March 31, 2019 2018 Net interest income $ 4,620 $ 4,269 Provision for loan losses 54 35 Non-interest income 1,406 1,523 Non-interest expense 5,567 5,465 Net income 405 292 Earnings
Slide 7: Performance Ratios
Performance Ratios (Annualized) March 31 2019 2018 • Return on Average Assets: 0.26% 0.18% • Return on Average Equity: 1.82% 1.32% • Net Interest Margin: 3.30% 3.10% • Efficiency Ratio: 93% 95%
Slide 8: Asset Quality
ASSET QUALITY AGING OF PAST DUE LOANS 2011 – 1Q/2019 (in thousands) 90 Days 30 - 59 Days 60 - 89 Days Accruing Non Accruals Total % of Total # Amt ($) # Amt ($) # Amt ($) # Amt ($) # Amt ($) Total Loans Loans ($) 12/31/11 136 17,374 27 3,924 13 1,832 64 57,593 240 80,723 18.7 432,407 12/31/12 137 17
Slide 9: Capital
CAPITAL (in thousands) Book Value Total Primary Capital Year-End Per Share($) Capital ($) to Avg. Assets (%) 2004 15.44 85,801 15.87 2005 * 15.77 87,503 13.67 2006 17.71 98,233 11.91 2007 19.56 106,542 12.13 2008 20.27 107,000 12.81 2009 20.11 103,558 12.49 2010 19.68 101,357 12.96 2011 21.31 109,45
Slide 10: Looking ahead into 2019: Why Invest in PFBX
Looking ahead into 2019 Why Invest in PFBX • City of Biloxi concluding Katrina related projects: $100M by late 2022 • MS Gulf Coast scheduled to receive bulk of BP Settlement: $750M over 20 years • Huntington Ingalls expanding to accommodate two major ship contracts: $6.5B • City of Gulfport advanci
Slide 11: Looking ahead into 2019: Why Invest in PFBX
Looking ahead into 2019 Why Invest in PFBX • City of Biloxi: – Initiating $54M downtown redevelopment plan – Encompasses 230,000 sq. ft. including 330 residential housing units – Issued RFP to conduct feasibility study for satellite convention center / theater on East end of Biloxi • Expand mid-week
Slide 12: Looking ahead into 2019: Why Invest in PFBX
Looking ahead into 2019 Why Invest in PFBX • Current primary capital to average assets: 15.24% • Reestablished regular dividend payment • Completed stock repurchase plan: 180,000 shares redeemed • Shareholder & Management interest are aligned
Slide 13: Market Area
PEOPLES FINANCIAL CORPORATION
Slide 14: Information
Information Corporate Office Shareholder Information Mailing Address Asset Management & Trust Department P.O. Box 529 The Peoples Bank Biloxi, MS 39533 P.O. Box 1416 Biloxi, MS 39533-1416 (228)435-8208 Physical Address investorrelations@thepeoples.com 152 Lameuse St. Biloxi, MS 39530 S.E.C. Form 10-
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