Pcb Bancorp · NASDAQ:PCB
Pcb Bancorp — Pacific City Financial — Shareholder Meeting (September 2018)
18 slides from Pcb Bancorp's shareholder meeting presentation, Sep 27, 2018
Slide 1: 2018 Annual Shareholders' Meeting
Exhibit 99.1 2018 Annual Shareholders’ Meeting September 27, 2018 1Exhibit 99.1 2018 Annual Shareholders’ Meeting September 27, 2018 1
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation (and oral statements made regarding the subject of this presentation) contains certain “forward- looking statements” that are based on various facts and derived utilizing numerous important assumptions and are subject to known and unknown risks, uncertainties
Slide 3: Pacific City Recent Financials
Pacific City Recent Financials ($ in millions except per share data) June 30, 2018 Dec. 31, 2017 Total Asset $1,619 $1,442 (1) Total Loans 1,275 1,195 Total Deposits 1,427 1,251 Shareholders’ Equity 151 142 (2) Revenue 36.8 69.1 (3) Expenses 25.8 52.7 Net Income 11.0 16.4 (4) Tangible Book Value (TB
Slide 4: Recent Highlights
Recent Highlights • Appointment of President and CEO Henry Kim, one of the founding New CEO members of Pacific City Bank • Completed $45.5M IPO by issuing 2,508,234 new shares IPO • PCB stock began trading NASDAQ on August 10, 2018 • 13 consecutive quarters of quarterly cash dividend Consistent • YT
Slide 5: Stock Performance
Strong Stock Performance th PCB filed for IPO (July 17 ) IPO Highlight Up 20% since announcement • Nasdaq Global Select PCB 100.0% 91.0% • IPO at $20.00 per share • Completed $45.5M IPO and issued 2,508,234 shares 80.0% • Bookrunning Managers • KBW SNL Micro Cap U.S. • Raymond James 60.0% (1) (1) Ba
Slide 6: Strong Growth and Performance: Total Assets
Strong Growth and Performance Total Assets ($ in millions) CAGR +18.4% $1,619 $1,442 $1,227 $1,043 $894 $756 12/31/13 12/31/14 12/31/15 12/31/16 12/31/17 06/30/18 6 your Partner • Choice • BankStrong Growth and Performance Total Assets ($ in millions) CAGR +18.4% $1,619 $1,442 $1,227 $1,043 $894 $75
Slide 7: Strong Growth and Performance: Total Loans
Strong Growth and Performance (1) Total Loans ($ in millions) CAGR +18.0% $1,275 $1,195 $1,033 $846 $750 $606 12/31/13 12/31/14 12/31/15 12/31/16 12/31/17 06/30/18 (1) See footnote 1 in Page 3 for details 7 your Partner • Choice • BankStrong Growth and Performance (1) Total Loans ($ in millions) CAG
Slide 8: Strong Growth and Performance: Total Deposits
Strong Growth and Performance Total Deposits ($ in millions) CAGR +18.1% $1,427 $1,251 $1,092 $939 $803 $674 12/31/13 12/31/14 12/31/15 12/31/16 12/31/17 06/30/18 8 your Partner • Choice • BankStrong Growth and Performance Total Deposits ($ in millions) CAGR +18.1% $1,427 $1,251 $1,092 $939 $803 $67
Slide 9: Strong Growth and Performance: Net Income and EPS
Strong Growth and Performance (3) Net Income ($ in millions) Diluted Earnings Per Share $21.4 $1.84 $16.4 $1.21 $14.0 $1.11 $12.2 $1.02 $11.8 $1.00 $11.0 $9.9 $0.81 (1) (2) (2) (1) 2013 2014 2015 2016 2017 06/30/18 2013 2014 2015 2016 2017 06/30/18 (1) Net Income after recognition of $11.5 Million i
Slide 10: Solid Capital Ratios and TBV Per Share
Solid Capital Ratios and TBV Per Share (2) TBV Per Share Capital Ratios 06/30/18 CAGR +14.5% 13.4% 12.4% 12.4% $11.27 $10.60 9.5% $9.48 $8.26 (1) $7.31 (1) 8.0% 10.0% $6.12 (1) (1) 6.5% 5.0% 12/31/13 12/31/14 12/31/15 12/31/16 12/31/17 06/30/18 Tier 1 Leverage CET 1 Capital Tier 1 Risk-Based Total R
Slide 11: Strong Core Deposit Growth
Strong Core Deposit Growth (1) (1) Non-Core Deposit Core Deposit Total Deposit Compositions 06/30/18 Increase 101.6% Increase 114.7% $1,427 Savings, $10.8 (1%) $1,251 NOW, $13.8 $305 (1%) MMDA, $1,092 $282 Non-Jumbo CD, $259.1 (18%) $939 $224 $494.7 (35%) $803 $182 Demand $674 $168 Deposits, $151 $1
Slide 12: Strong Loan Growth
Strong Loan Growth HFI Loan Compositions 06/30/18 HFI Loans +108.1% $1,254 Commercial $1,190 Residential Property, $198 and $197.6 (16%) $169 Consumer, $1,031 $31 Industrial, $34 $30.8 (2%) $141 $189.6 (15%) $844 $34 $130 $732 $29 $115 $603 $836 $30 $816 $85 Commercial Property, $30 $716 $836.3 (67%
Slide 13: Strong Asset Quality
Strong Asset Quality (1) NPAs/ Total Assets Nonperforming Assets (NPAs) 1.29% $9.8 $6.5 0.72% $3.3 $2.4 $2.4 $2.0 0.23% 0.23% 0.19% 0.13% 12/31/13 12/31/14 12/31/15 12/31/16 12/31/17 06/30/18 12/31/13 12/31/14 12/31/15 12/31/16 12/31/17 06/30/18 (1) $ in millions. (2) Allowance for Loan Losses to HF
Slide 14: Strong Asset Quality Relative to Peers
Strong Asset Quality Relative to Peers NPAs/(Total Loans + OREO) 06/30/18 1.06% 0.36% 0.35% 0.25% 0.24% 0.19% 0.16% 0.09% 0.08% Hope Woori Hanmi Shinhan US Metro Uniti PCB CBB Open America America Sources: UBPR 14 your Partner • Choice • BankStrong Asset Quality Relative to Peers NPAs/(Total Loans +
Slide 15: NIM and Efficiency Ratio
NIM and Efficiency Ratio Efficiency Ratio Below Peer Average 06/30/18 Loan Yield Continues to Improve 5.92% 67.62% 66.62% 65.29% 63.71% 5.54% 62.07% 61.87% 5.32% 5.27% 5.21% 5.14% 4.22% 4.18% 4.20% 4.05% 4.09% 56.85% 56.74% 56.50% 3.89% 55.88% 54.92% 51.97% 1.14% 0.85% 0.74% 0.70% 0.71% 0.70% (1) (1
Slide 16: Strong Profitability
Strong Profitability ROAA ROAE 3.14% 29.37% 1.47% 15.07% 1.46% 1.45% 13.78% 14.67% 13.10% 1.25% 1.25% 1.22% 12.47% 12.00% (2) (2) (1) (1) 2013 2014 2015 2016 2017 06/30/18 2013 2014 2015 2016 2017 06/30/18 (1) Recognition of $11.5 Million in reversal of deferred tax asset valuation allowance. ROAA o
Slide 17: Reconciliation of Non-GAAP Measures
Reconciliation of Non-GAAP Measures TBV Per Share is a non-GAAP measure that is used by our management, banking regulators, many financial analysts and other investors use these measures in conjunction with more traditional bank capital ratios to compare the capital adequacy of banking organizations
Slide 18: Thank You!
“Thank You!” 18“Thank You!” 18
Pacific City Financial — Shareholder Meeting (September 2018) on 6ix