Citizens Financial Services, Inc. · NASDAQ:CZFS
Citizens Financial Services — Investor Presentation (February 2018)
26 slides from Citizens Financial Services's investor presentation, Feb 26, 2018
Slide 1: Rooted for the Future
Rooted for the Future CZFSListed: OTC BB / OTC Pink CITIZENSFINANCIAL SERVICESINCORPORATED
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to the financial condition, results of operations, future performance and
Slide 3: Company Profile
Company Profile
Slide 4: Company Profile
Company Profile Headquartered in Mansfield, PAStock Symbol: CZFS (OTC BB / OTC Pink)$1.362 billion in assets at December 31, 2017Market Capitalization: $219.7 million (12/31/2017)Attractive markets with diverse economic base, which has benefited from Marcellus Shale exploration and drilling activiti
Slide 5: Merits
Investment Merits(NOTE: 12/31/2017 numbers are unaudited)
Slide 6: Merits
Investment Merits Geographic Diversification, Which Presents OpportunitiesSuccessful Acquisition of Lending TeamsStrong Long-Term Record of GrowthSteady Record of High ProfitabilityDiversity of Interest Earning AssetsImpressive Shareholder Returns February 2018 Citizens Financial Services, Inc. 6
Slide 7: Merits: Attractive Market
Investment MeritsAttractive Market February 2018 Citizens Financial Services, Inc. 7
Slide 8: Attractive Market - Favorable Deposit Trends
Investment MeritsAttractive Market - Favorable Deposit Trends February 2018 Citizens Financial Services, Inc. 8 Deposit and Deposit Market Share Growth, by County * June 30, 2014 2015 2016 2017 $ % $ % $ % $ % Bradford, PA 338 29.75 342 30.57 341 30.97 343 31.05 Tioga, PA 316 44.50 327 44.08 329 44.
Slide 9: Attractive Market - Deposit Composition
Investment MeritsAttractive Market - Deposit Composition February 2018 Citizens Financial Services, Inc. 9
Slide 10: Strong Long-Term Record of Growth
Investment MeritsStrong Long-Term Record of Growth February 2018 Citizens Financial Services, Inc. 10 Long-Term Growth Rates 12/31/2012 12/31/2017 CGR* Assets ($mm) $882 $1,362 9.1% Net Loans ($mm) $496 $989 14.8% Deposits ($mm) $737 $1,105 8.4% Stockholders’ Equity ($mm) $89 $129 7.6% Book Value /
Slide 11: Strong Long-Term Record of Growth
Investment MeritsStrong Long-Term Record of Growth February 2018 Citizens Financial Services, Inc. 11
Slide 12: Steady Record of High Profitability
Investment MeritsSteady Record of High Profitability February 2018 Citizens Financial Services, Inc. 12 Average Annual Return: ROE 12.1% ROA 1.26% * Excludes 2017 DTA write-down of $1.5 million (non-GAAP)
Slide 13: Steady Record of High Profitability
Investment MeritsSteady Record of High Profitability February 2018 Citizens Financial Services, Inc. 13 * Peer group is banks with assets between $1 billion and $3 billion. Source: September 30, 2017 and December 31, 2016 Federal Reserve Bank Holding Company Performance Report.** Excludes 2017 DTA w
Slide 14: Steady Record of High Profitability
Investment MeritsSteady Record of High Profitability February 2018 Citizens Financial Services, Inc. 14 * Peer group is banks with assets between $1 billion and $3 billion. Source: September 30, 2017 and December 31, 2016 Federal Reserve Bank Holding Company Performance Report.** Excludes 2017 DTA w
Slide 15: Steady Record of High Profitability
Investment MeritsSteady Record of High Profitability February 2018 Citizens Financial Services, Inc. 15 * Based on FFIEC’s December 31, 2017 Uniform Bank Performance Report (insured commercial banks having assets between $1 billion and $3 billion)
Slide 16: Steady Record of High Profitability
Investment MeritsSteady Record of High Profitability February 2018 Citizens Financial Services, Inc. 16
Slide 17: Diversity of Interest Earning Assets
Investment MeritsDiversity of Interest Earning Assets February 2018 Citizens Financial Services, Inc. 17
Slide 18: Diversity of Interest Earning Assets
Investment MeritsDiversity of Interest Earning Assets February 2018 Citizens Financial Services, Inc. 18
Slide 19: Diversity of Interest Earning Assets
Investment MeritsDiversity of Interest Earning Assets February 2018 Citizens Financial Services, Inc. 19
Slide 20: Solid Asset Quality
Investment MeritsSolid Asset Quality February 2018 Citizens Financial Services, Inc. 20 * Based on FFIEC’s December 31, 2017 Uniform Bank Performance Report (insured commercial banks having assets between $1 billion and $3 billion)
Slide 21: Solid Asset Quality
Investment MeritsSolid Asset Quality February 2018 Citizens Financial Services, Inc. 21 * Based on FFIEC’s December 31, 2017 Uniform Bank Performance Report (insured commercial banks having assets between $1 billion and $3 billion)
Slide 22: Solid Asset Quality
Investment MeritsSolid Asset Quality February 2018 Citizens Financial Services, Inc. 22 * Based on FFIEC’s December 31, 2017 Uniform Bank Performance Report (insured commercial banks having assets between $1 billion and $3 billion)
Slide 23: Consistent Shareholder Returns
Investment MeritsConsistent Shareholder Returns February 2018 Citizens Financial Services, Inc. 23
Slide 24: Consistent Shareholder Returns
Investment MeritsConsistent Shareholder Returns February 2018 Citizens Financial Services, Inc. 24
Slide 25: Summary
Summary Successful and profitable franchise in attractive markets.Fundamentals remain strong, with favorable comparison to peers.For the ninth consecutive year, Citizens Financial Services has been named as one of the top 200 community banks in the country by US Banker Magazine based upon our three-
Slide 26: Citizens Financial Services, Inc.
Citizens Financial Services, Inc.15 South Main StreetMansfield, PA 16933570-662-2121800-326-9486www.firstcitizensbank.com First Citizens Community Bank locations: Mansfield – Mansfield WalMart – Blossburg – Wellsboro – Millerton – Troy – Gillett – Canton – Towanda – Sayre Lockhart – Sayre Elmira Str
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