Westbury Bancorp, Inc. · OTC:WBBW

Westbury Bancorp — Investor Presentation (February 2016)

28 slides from Westbury Bancorp's investor presentation, Feb 22, 2016

  1. Slide 1: Westbury Bancorp, Inc. Investor Presentation February 2016

    245-245-245 1-85-129 84-185-72 Westbury Bancorp, Inc. WBB Investor Presentation February 2016 Greg J. Remus – President & CEO Kirk J. Emerich – EVP & Chief Financial Officer

  2. Slide 2: Forward-Looking Statements

    245-245-245 1-85-129 84-185-72 Forward-Looking Statements This presentation contains forward-looking statements, which can be identified by the use of words such as “estimate,” “project,” “believe,” “intend,” “anticipate,” “assume,” “plan,” “seek,” “expect,” “will,” “may,” “should,” “indicate,” “wou

  3. Slide 3: Forward-Looking Statements – Cont’d.

    245-245-245 1-85-129 84-185-72 Forward-Looking Statements – Cont’d. The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: • our ability to retain customer accounts, achieve

  4. Slide 4: Forward-Looking Statements – Cont’d.

    245-245-245 1-85-129 84-185-72 Forward-Looking Statements – Cont’d. The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: • the availability, effectiveness and security of o

  5. Slide 5: Franchise Overview

    245-245-245 1-85-129 84-185-72 Franchise Overview  Completed mutual to stock conversion in April 2013  Eight full-service locations with primary markets consisting of Washington and Waukesha Counties – two of the most desirable markets in State of Wisconsin. Loan production office in Appleton, WI

  6. Slide 6: Desirable Market Demographics

    245-245-245 1-85-129 84-185-72 Desirable Market Demographics 6 Source: SNL Financial. (1) Ranks based on all 72 counties in Wisconsin. 2015 Median Household Income ’15-’20 Median Household Income Growth Top Ten Wisconsin Counties Ranked by 2015 Median Household Income $67,629 $73,685 $51,273 $51,579

  7. Slide 7: Stock and Valuation Highlights

    245-245-245 1-85-129 84-185-72 Stock and Valuation Highlights ► Stock data as of February 18, 2016:  MARKET PRICE: $18.55  SHARES OUTSTANDING: 4,229,061  MARKET CAP: $78.4 million  PRICE/BOOK VALUE: 101.0% 7

  8. Slide 8: Stock Price Performance

    245-245-245 1-85-129 84-185-72 Stock Price Performance 8 SNL U.S. B&T (12.9)% WBB 13.3% SNL U.S. B&T 142.7% WBB 101.0% Source: SNL Financial. Market data as of 1/16/2015. One Year Relative Price Performance One Year Price-to-Tangible Book Value (25.00) (20.00) (15.00) (10.00) (5.00) 0.00 5.00 10.00

  9. Slide 9: Experienced Management Team

    245-245-245 1-85-129 84-185-72 Experienced Management Team ► Greg J. Remus – President & Chief Executive Officer  Joined Westbury Bank in 2009  More than 20 years of commercial banking experience ► Kirk J. Emerich – Executive Vice President & Chief Financial Officer  Joined Westbury Bank in 1992

  10. Slide 10: Westbury Bancorp’s Story

    245-245-245 1-85-129 84-185-72 Westbury Bancorp’s Story ► Recent Developments  Consistent with maintaining management continuity and the continued development of a premier community banking presence in Southeast Wisconsin, Westbury promoted Greg Remus to Chief Executive Officer as of October 1, 201

  11. Slide 11: Westbury Bancorp’s Story – Cont’d.

    245-245-245 1-85-129 84-185-72 Westbury Bancorp’s Story – Cont’d. ► Deposits  77% of our deposits at 12/31/15 are transaction related (non CD) accounts, including over 26,000 checking accounts  #1 market share in Washington County with 16.2% of total market deposits as of 12/31/15  Total deposits

  12. Slide 12: Westbury Bancorp’s Story – Cont’d.

    245-245-245 1-85-129 84-185-72 Westbury Bancorp’s Story – Cont’d. ► Earnings/Efficiency  Reduced operating expenses by $2.0 million in fiscal 2015 compared to fiscal 2014  Non-interest expense for the three months ended 12/31/15 of $4.7 million compared to $6.6 million (including $1.0 million rela

  13. Slide 13: Neighborhood Bank Branding

    245-245-245 1-85-129 84-185-72 Neighborhood Bank Branding 13

  14. Slide 14: Loan Composition

    245-245-245 1-85-129 84-185-72 Loan Composition Historical Loan Trends Loan Composition Source: SNL Financial; Company reports. CRE breakout unavailable 12/31/2010. Note: In 2012, the Company changed its fiscal year from December 31st to September 30th. 14 12/31/15 30.7% 21.2% 32.7% 3.8% 3.9% 7.7% %

  15. Slide 15: Deposit Composition

    245-245-245 1-85-129 84-185-72 Deposit Composition Historical Deposit Trends Deposit Composition Source: SNL Financial; Company reports. Note: In 2012, the Company changed its fiscal year from December 31st to September 30th. 15 12/31/15 18.5% 58.0% 23.5% % of % of % of % of % of Deposit Type ($000)

  16. Slide 16: Low Cost of Funds

    245-245-245 1-85-129 84-185-72 1.05 0.68 0.46 0.36 0.37 0.41 0.0 0.2 0.4 0.6 0.8 1.0 1.2 FYE 12/31/11 FYE 9/30/12 FYE 9/30/13 FYE 9/30/14 FYE 9/30/15 QE 12/31/2015 (% ) Low Cost of Funds Cost of Funds (%) Source: SNL Financial; Company reports. Note: In 2012, the Company changed its fiscal year from

  17. Slide 17: Improving Credit Quality – NPAs

    245-245-245 1-85-129 84-185-72 NPAs ($mm) Improving Credit Quality Source: Company reports. Note: In 2012, the Company changed its fiscal year from December 31st to September 30th. 17 19.1 13.2 10.4 3.8 1.1 0.7 0.0 5.0 10.0 15.0 20.0 25.0 FYE 12/31/11 FYE 9/30/12 FYE 9/30/13 FYE 9/30/14 FYE 9/30/15

  18. Slide 18: Improving Credit Quality – NPAs / Assets

    245-245-245 1-85-129 84-185-72 3.29 2.50 1.92 0.68 0.17 0.11 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 FYE 12/31/11 FYE 9/30/12 FYE 9/30/13 FYE 9/30/14 FYE 9/30/15 QE 12/31/2015 (% ) NPAs / Assets (%) Source: Company reports. Note: In 2012, the Company changed its fiscal year from December 31st to September 3

  19. Slide 19: Asset Quality Profile – Recent Quarters

    245-245-245 1-85-129 84-185-72 Asset Quality Profile – Recent Quarters NPAs / Assets (%) LLR / NPLs (%) NCOs / Loans (%) LLR / Loans (%) Source: SNL Financial; Company reports. Note: In 2012, the Company changed its fiscal year from December 31st to September 30th. 19 0.95 0.95 0.92 0.92 0.95 0.00 0

  20. Slide 20: Strong Capital Position

    245-245-245 1-85-129 84-185-72 Strong Capital Position ► Westbury maintains a low risk profile with strong capital levels Strong Capital Levels Source: SNL Financial; Company reports. Note: In 2012, the Company changed its fiscal year from December 31st to September 30th. 20 8.0 8.9 16.7 15.2 12.3 1

  21. Slide 21: Profitability – Recent Quarters

    245-245-245 1-85-129 84-185-72 Profitability – Recent Quarters ROAA (%) Efficiency Ratio (%) Net Interest Margin (%) ROAE (%) Source: SNL Financial; Company reports. Note: In 2012, the Company changed its fiscal year from December 31st to September 30th. 21 0.31 0.31 0.07 1.57 0.63 0.00 0.20 0.40 0.

  22. Slide 22: Improving Core Earnings — Recent Quarters

    245-245-245 1-85-129 84-185-72 Pretax, Pre-Provision Earnings1 ($000s) Source: Company reports. Note: In 2012, the Company changed its fiscal year from December 31st to September 30th. (1) Non-GAAP financial measure which Management believes is useful in evaluating the financial results of the Compa

  23. Slide 23: Shareholder Focus

    245-245-245 1-85-129 84-185-72 Shareholder Focus ► Grow earnings organically  Infrastructure/leadership team in place/deep bench of talent  Impact of loan growth and branch closings beginning to show in quarterly results  Loyal local customer base including core deposits  Located in two of Wisco

  24. Slide 24: Shareholder Focus – Acquisitions

    245-245-245 1-85-129 84-185-72 Shareholder Focus ► Acquisitions  Believe organic growth and capital management tools are currently the best ways to build shareholder value  While acquisitions are not a priority, we would consider an acquisition if the “right” opportunity arose in one of the market

  25. Slide 25: Summary

    245-245-245 1-85-129 84-185-72 Summary ► Executive leadership in place – smooth transition to new President and CEO ► Westbury is an innovative community bank  Strong, recurring fee income stream  Solid base of low cost transaction accounts  Ongoing focus on revenue generation and expense control

  26. Slide 26: Questions?

    245-245-245 1-85-129 84-185-72 Questions?

  27. Slide 27: Appendix

    245-245-245 1-85-129 84-185-72 Appendix

  28. Slide 28: Pretax, Pre-Provision Earnings Non-GAAP Reconciliation

    245-245-245 1-85-129 84-185-72 Pretax, Pre-Provision Earnings ($000s) Non-GAAP Reconciliation 28 FQ1 FQ2 FQ3 FQ4 FQ1 2015 2015 2015 2015 2016 Net Interest Income 4,451$ 4,660$ 4,767$ 4,943$ 5,005$ Total Non-Interest Income 1,674 1,611 1,606 1,833 1,605 Less: Gain/(Loss) on Sales of Branches and Othe

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