Kish Bancorp, Inc. · OTC:KISB
Kish Bancorp — Q1 2025 Earnings Presentation
28 slides from Kish Bancorp's earnings presentation, Mar 31, 2025
Slide 1: Q1 2025 Investor Presentation
Q1 2025 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 differentia
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 19.1% of net operating income in Q1 2025 • Disciplined acquirer and integrator of non-bank businesses Da
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 • 48 years with Kish • 19 years with Kish • 27 years with Kish • Asset growth under • Chair, Bankers Advisory Board • Extensive background in law leader
Slide 6: Experienced Executive Leadership
Experienced Executive Leadership Mark E. Yerger Kimberly A. Bubb Garen M. Jenco EVP, Chief Information Officer SVP, Chief Administrative Officer SVP, CX & Marketing Director • 4 years with Kish • 21 years with Kish • 7 years with Kish • 20+ years of tech leadership • Director, PA Bankers School of •
Slide 7: Business Strategy
MISH BANCORP expect more
Slide 8: Lines of Business
Lines of Business Banking Wealth Management Insurance Benefits Consulting Travel Full-service retail Financial planning Property and Employee Signature and commercial and investment Casualty healthcare and group travel banking advisory Business and benefits consulting experiences Mortg
Slide 9: 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 10: 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 $2 billio
Slide 11: Financial Performance and Outlook
Financial Performance and Outlook 11
Slide 12: Accelerating Growth Over Time ($ in millions)
Accelerating Growth Over Time ($ in millions) $1,800 $1,771 $1,693 $1,600 $1,543 $1,495 $1,424 $1,400 $1,295 $1,298 $1,296 $1,233 $1,233 $1,179 $1,200 $1,107 $1,003 $1,024$1,037 $1,000 $878 $879 $800 $766 $600 $400 2020 2021 2022 2023 2024 3/31/2025 Assets Gross Loans Deposits Data as of March 31, 2
Slide 13: Loan Mix
Loan Mix Total Loans $1,255,561 at March 31, 2024 Total Loans $1,496,818 at March 31, 2025 Consumer Consumer Municipal Municipal 0.4% 0.4% 2.0% Commercial & Industrial 2.5% Construction Construction 10.8% 13.6% Commercial & Industrial 13.7% 11.2% Ag Production & Farmland Ag Production & Farmland 2.1
Slide 14: Diversified CRE Portfolio
Diversified CRE Portfolio CRE Owner Occupied CRE Non-Owner Occupied CRE Const. & Land Development $153,096 $478,506 $205,468 1% 1% 13% 3% 2% 17% 9% 9% 10% 10% 41% 14% 15% 3% 2% 7% 3% 8% 65% 7% 16% 31% 11% Retail & Mixed Use Office Buildings Hospitality Industrial/Warehouse/Shop Multifamily Residenti
Slide 15: Growth & Asset Quality
Growth & Asset Quality Loan Delinquency (% of total loans) Total Gross Loans ($ in millions) $1,600 $1,495 1.40% 1.26% $1,424 1.20% $1,400 0.94% $1,233 1.00% $1,200 0.80% $1,024 $1,000 $879 0.60% $766 0.40% 0.31% 0.26% $800 $687 0.25% 0.19% 0.14% 0.14% $637 0.20% $575 0.04% 0.04% $600 $495 0.00% 201
Slide 16: 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 17: Deposit Mix
Deposit Mix Total Deposits $1,192,086 at March 31, 2024 Total Deposits $1,296,217 at March 31, 2025 Interest-Bearing Brokered Brokered Interest-Bearing 47% 7% 7% 46% Time Deposits Time Deposits 34% 31% Non Interest-Bearing Non Interest-Bearing 15% 15% Data as of March 31, 2024 and March 31, 2025 17
Slide 18: Stable Net Interest Margin
Stable Net Interest Margin Net Interest Margin and Effective Fed Funds Rate 5.50% 5.33% 5.00% 4.48% 4.50% 4.33% 4.10% 4.00% 3.27% 3.50% 3.30% 3.24% 3.25% 3.26% 3.09% 3.00% 2.50% 2.00% 1.50% 1.00% 0.50% 0.09% 0.08% 0.00% 2020 2021 2022 2023 2024 Q1 2025 KISB NIM Effective Fed Funds Rate Data as of Ma
Slide 19: The Core Engine
The Core Engine Net Interest Income ($ in thousands) $49,030 $50,000 $45,000 $43,627 $40,000 $38,245 $35,000 $33,389 $31,108 $30,000 $25,000 $20,000 $15,000 $13,050 $10,000 $5,000 2020 2021 2022 2023 2024 Q1 2025 Data as of March 31, 2025 19
Slide 20: Bank & Non-Bank Fee Income
Bank & Non-Bank Fee Income Bank & Non-Bank Business Revenues • Bank Service Fees Non-Interest Income ($ in thousands) – 2024 revenue up 8.0% year over year • Wealth Management $13,000 $12,108 $12,523 $11,346 $11,371 – 2024 revenue up 30.5% year over year $11,000 $10,123 • Kish Insurance recurring re
Slide 21: Net Income Growth
Net Income Growth 35% • 8% net income growth in $14,000 KISB 30% 30% $12,000 2024 over 2023 23% $12,860 $14,520 25% $10,000 $13,500 20% • 15.9% Compound Annual $8,000 $9,881 $8,039 15% $6,000 Growth Rate over 4 years 8% $4,000 10% 5% $2,000 $3,609 5% $0 0% 2020 2021 2022 2023 2024 Q1 2025 Data as of
Slide 22: Shareholder Performance
Shareholder Performance Return on Equity • Strong ROE of 12.23% for 2024 18.00% • EPS of $5.13 for 2024 16.00% 14.95% • Share price of $33.00 as of 6/02/25 14.00% 12.90% 14.08% 13.02% 12.23% 11.71% • Market valuation of 0.93% of TBV as of 12.00% 10.00% 6/02/25 8.00% • Consistent dividend expansion w
Slide 23: Shareholder Performance
Shareholder Performance Earnings & Dividends Per Share Book Value Per Share $40.00 $6.00 $35.98 $36.39 $5.22 $35.28 $35.00 $5.02 $4.92 $5.00 $29.39 $30.00 $26.93 $27.41 $3.88 $4.00 $25.00 $3.20 $20.00 $3.00 $15.00 $2.00 $1.46 $1.50 $10.00 $1.31 $1.21 $1.08 $1.14 $1.00 $5.00 $0.39 $0.00 $0.00 2020 20
Slide 24: Capital to Support Growth
Capital to Support Growth Total Stockholders’ Equity ($ in millions) $110.0 $110 $106.1 $92.8 $90 $77.1 $70.0 $72.0 $70 $64.4 $59.7 $56.3 $53.6 $51.3 $50 $30 $10 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Q1 2025 Data as of March 31, 2025 24
Slide 25: 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 26: Stock Price Stability
Stock Price Stability 10-Year Total Return 10-Year stock price from April 26, 2015 to April 25, 2025 26
Slide 27: One-Year Share Price and Trading Volume
One-Year Share Price and Trading Volume 1-Year stock price from April 26, 2024 to April 25, 2025 27
Slide 28: 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 28