Attached files
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| 8-K - FORM 8-K - CIVISTA BANCSHARES, INC. | d913732d8k.htm |
 First
Citizens
Banc
Corp
Annual
Shareholder
Meeting
April
21,
2015
Exhibit 99.1 |
 Cautionary Statement Regarding Forward-Looking Information
Comments made in this presentation include
“forward-looking statements”
within the meaning of the Private Securities
Litigation Reform Act of 1995.
Forward-looking statements are subject to numerous assumptions, risks and
uncertainties. Although management believes that the expectations
reflected in the forward-looking statements are reasonable, actual
results or future events could differ, possibly materially, from those
anticipated in these forward-
looking statements. The forward-looking statements speak only as of the
date of this presentation, and First Citizens Banc Corp assumes no duty to
update any forward-looking statements to reflect events or
circumstances after the date of this presentation, except to the extent
required by law. |
 9
th
Largest
Publicly
Traded Commercial
Bank in Ohio
Community Bank
Operating in 11 Ohio
Counties
Commercial Banking
Retail Banking
Wealth Management
Key Facts
(as of 3/31/15)
($ millions)
Assets
$1,407.2
Loans
$ 984.1
Deposits
$1,197.3
Market Cap
$ 86.4
Company Overview |
 December
31, 2014 December 31, 2013
Change
Balance Sheet
Assets
$1,213,191,000
$1,167,546,000
3.91%
Gross Loans
$ 914,857,000
$ 861,241,000
6.23%
Deposits
$ 968,918,000
$ 942,475,000
2.81%
Performance
Net Income
$ 9,528,000
$ 6,179,000
54.20%
Return on Average Assets
0.77%
0.53%
45.28%
Return on Average Equity
8.34%
5.97%
39.70%
Return on Average Tangible
Common Equity
12.44%
9.93%
25.28%
Financial Highlights |
 Last Year’s
Strategy Commitment Long-term Shareholder Value
through Growth and
Profitability |
 2014 Company
Successes Completed the placement of $25,000,000 in preferred stock
-
strengthening the capital of the company
Opening of Loan Production office in Mayfield Heights
Agreement to acquire TCNB, Dayton, Ohio -
growing the
company $100,000,000 and opening a new market
Recognition by SNL Securities for a 61% return in our
common stock for 2014
Consolidation of our brand identity under Civista Bank and
Civista Bancshares, Inc. |
 Mayfield Heights
Office |
 Dayton
Offices Huber Heights
Springboro Pike
Whipp Road |
 Sandusky / Akron,
Ohio $556 million in loans
$590 million in deposits
11 branch locations
#1 deposit market share
in Sandusky, Ohio with
~ 43% market share
North Central Ohio
$101 million in loans
$187million in deposits
7 branch locations
~40% deposit market
share
West Central Ohio
$258 million in loans
$192 million in deposits
7 branch locations
23% deposit market
share in the rural
markets
Greater Dayton, Ohio
$78 million in loans
$90 million in deposits
3 branch locations
~1.47% deposit market
share
First Citizens Banc Corp Locations |
 Target
Market
Highlights |
 SNL Financial
Recognition Top Returning Bank Stock for Banks Under $100M in Capitalization
2014 Total Return of 61.15% |
 Stock
Recovery
from
September
2011
Low |
 Company
Rebranding 316 Citizens Banks in the country
16 Citizens in the State of Ohio
Citizens/Champaign confusing
Identity confusion on the internet
Need to set ourselves apart from the others |
 Company
Rebranding Bank Logo |
 Company
Rebranding Logo Extensions |
 2014 Operating
Successes Grew Loans by $53,600,000
Grew Deposits by $26,400,000
Grew Net Interest Income by $1,892,000
Grew Noninterest Income by $1,812,000
Reduced Noninterest Expense by $1,834,000
Reduced Non-Performing Assets from 2.2% to 1.6% of assets |
 Peer
Leading
Net
Interest
Margin |
 Non-Interest
Metrics and Initiatives From AB Magazine, November ©
2014 SourceMedia, Inc.. All rights reserved. Used by permission and protected by the
Copyright Laws of the United States. The printing, copying, redistribution, or
retransmission of this Content without expressed written permission is
prohibited. *Civista Bank, formerly Citizens and Champaign Banks. Improving
efficiency and operating leverage Investment
in
people
*
Revised retirement plan in Q2 2014
reducing net expenses $195 thousand in
2014
Rightsizing branch network
Projected annual cost savings of $450
thousand
Growing fee income platform
Wealth management
~$464 million in AUM
Earned $3.2 million during 2014, a
19% increase from the prior year
Income tax refund processing program
Evaluated / refined our process
over four tax seasons
Specialized payment processing
earned $2.3 million during 2014
Non-Interest Income / Average Assets
Net Operating Expense / Average Assets
0.85%
0.89%
0.98%
1.00%
1.12%
2010
2011
2012
2013
2014
2.20%
2.24%
2.31%
2.63%
2.17%
2010
2011
2012
2013
2014 |
 Operating
Results ($s in thousands, except per share data)
For the Years Ended December 31,
2010
2011
2012
2013
2014
Net Interest Income
$41,461
$41,361
$40,578
$39,974
$41,866
Provision for Loan Losses
17,940
9,800
6,400
1,100
1,500
Noninterest Income
9,154
9,971
11,200
12,062
13,874
Noninterest Expense
35,774
36,727
38,074
43,384
41,550
Net Income
(1,268)
3,958
5,579
6,179
9,528
Net Income Available to Common
Shareholders
(2,444)
2,782
4,386
5,020
7,655
Basic EPS per Common Share
($0.32)
$0.36
$0.57
$0.65
$0.99
Diluted EPS per Common Share
(0.32)
0.36
0.57
0.64
0.85
Return on Average Assets (ROAA)
(0.11%)
0.35%
0.49%
0.53%
0.77%
Return on Average Equity (ROAE)
(1.27)
3.96
5.36
5.97
8.34 |
 Our Strategy
Remains Unchanged Grow the Company
Grow to spread expenses over a larger base
Cost of Regulation and Compliance
Cost of Technology
Grow to spread Risk
Diversity of markets and customer base
Grow to increase attractiveness of company
Expand and diversify shareholder base
Increase liquidity of stock |
 Our Strategy
Remains Unchanged Grow the Company
Leading to Increased
Shareholder Value |
 Our Story to the
Investment Community |
 |
 THANK
YOU |