Attached files
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| 8-K - FORM 8-K - Clifton Bancorp Inc. | d61338d8k.htm |
 Clifton Bancorp Inc.
Poised for Success
Annual Meeting of Stockholders
August 6, 2015
Exhibit 99.1 |
 Agenda 1. Corporate Developments 2. Fiscal Year 2015 Recap 3. Historical Performance 4. Fiscal Year 2016 Focus 5. CSBK Philosophy 2 |
 CORPORATE DEVELOPMENTS
• Compensation Philosophy • Best practices policies / plans a) PICP b) Clawback c) No hedge / pledge d) Stock ownership • Revamp of proxy 3 |
 CORPORATE DEVELOPMENTS
CSBK COMPANY MISSION
We all have the same job: ensuring CSBK is the choice
our employees, customers and stockholders would
enthusiastically make again.
4 |
 CORPORATE DEVELOPMENTS
CSBK CORE VALUES
SHARE OWN LISTEN 5 |
 FY
2015 RECAP - INITIATIVES
“Building for the Future”
• Core banking system conversion • Increased loan volume; continued to diversify portfolio • Product development priorities • Simplify personal product lines • Initiate mobile banking application development • Relationship pricing • Investment in talent 6 |
  FY
2015 RECAP - PERFORMANCE
7 At March 31, 2011 2012 2013 2014 2015 Net Loans Receivable 441,746 $ 436,833 $ 456,812 $ 584,507 $ 641,084 $ Deposits 837,385 $ 826,275 $ 763,692 $ 763,912 $ 699,476 $ Equity 179,966 $ 186,461 $ 187,328 $ 194,137 $ 368,001 $ Loans to Deposits 52.75% 52.87% 59.82% 76.51% 91.65% Nonperforming Loans/Total Loans 0.72% 0.86% 1.29% 0.88% 0.88% For year ending March 31, 2011 2012 2013 2014 2015 Efficiency Ratio 50.04% 52.40% 56.30% 58.59% 56.19% Net Interest Margin 2.46% 2.36% 2.39% 2.37% 2.36% Dollars in thousands. |
 HISTORICAL PERFORMANCE
Net Loans Receivable
Deposits Equity 2011 $441,746 $837,385 $179,966 2012 $436,833 $826,275 $186,461 2013 $456,812 $763,692 $187,328 2014 $584,507 $763,912 $194,137 2015 $641,084 $699,476 $368,001 At June 30 2015 $654,802 $685,248 $347,764 $- $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 $900,000 8 CSBK PERFORMANCE At March 31, 2011-2015; June 30, 2015 |
 HISTORICAL PERFORMANCE
9 CSBK PERFORMANCE At March 31, 2011-2015; June 30, 2015 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00% 80.00% 90.00% 100.00% 3/31/2011 3/31/2012 3/31/2013 3/31/2014 3/31/2015 6/30/2015 Loans to Deposits |
 HISTORICAL PERFORMANCE
10 CSBK PERFORMANCE At March 31, 2011-2015; June 30, 2015 0% 10% 20% 30% 40% 50% 60% 70% Efficiency Ratio 2.00% 2.10% 2.20% 2.30% 2.40% 2.50% Net Interest Margin 0.00% 0.50% 1.00% 1.50% Nonperforming Loans/Total Loans $0.00 $0.10 $0.20 $0.30 $0.40 Earnings per share |
 FY 2016 FOCUS I. Branding and Marketing • Introduction of CSBK Utilizing “initials” to assist in adoption of brand in new markets and niche targets
• Brand Position “Always with you” – CSBK is always by our customers’ side providing service, guidance,
support and products throughout every phase of their
lives. •
Amplification
New logo, brand position and products will be marketed using both
traditional and digital channel strategies.
11 |
 FY 2016 FOCUS II. Banking Center Strategy New markets Market Type: Urban/Tight Suburban, Dense, Walkable, Diversified
Demographics: Technologically comfortable/advanced, appreciate high
levels of service and prefer to establish a relationship
in-person Premises: Small footprint, consultative
sales/service format Existing markets
Quantify performance/profitability
Retrofit key locations with sales/service format
12 |
 FY 2016 FOCUS III. Lending Diversification Continued progress towards diversification of loan mix (consumer versus multi-family and commercial real estate loans) 0 100 200 300 400 500 600 700 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 Q1 2016 Comm RE Multi-Fam Consumer (1-4 Resi + All Other) 13 |
 FY 2016 FOCUS IV. Deposit Diversification Initial steps in place towards diversification of deposit mix (transaction accounts vs. time
deposits)
14 DDA 6% Savings 17% MMA 3% CD 74% DEPOSIT MIX - March 31, 2013 DDA Savings MMA CD DDA 8% Savings 20% MMA 2% CD 70% DEPOSIT MIX - June 30, 2015 DDA Savings MMA CD |
 FY 2016 FOCUS V. Product Launches June Personal Deposit Accounts revamped and streamlined eStatements CD relationship pricing for checking accountholders August Appointment Banking Introduction of additional Business Deposit Accounts Business Lines of Credit September Kids Savings Account (Passbook) October Mobile Banking Business Cash Management 15 |
 FY 2016 FOCUS VI. Capital Return Historical Dividends Fiscal Years March 31, 2011-2015 and Quarter ended June 30, 2015 16 Period Dividends per share 6/30/15 $0.06 FYE 2015 $0.30 FYE 2014 $0.18 FYE 2013 $0.24 FYE 2012 $0.24 FYE 2011 $0.24 Reflects outstanding shares of common stock for 2015, 2014 and 2013 periods.
For 2012 and 2011 periods, reflects only shares of common stock held by
stockholders other than Clifton MHC as Clifton MHC waived it
receipts of dividends. |
 FY 2016 FOCUS VI. Capital Return Stock Repurchase Program • Became effective April 2, 2015 • Repurchased 1,447,924 shares at average weighted price of $13.78
17 |
 FY 2016 FOCUS VII. Acquisitions Ongoing review of opportunistic and strategically enhancing acquisitions
Key Deal Components:
• Earnings accretive • Minimal book value dilution • Franchise enhancing deposit and loan mix • Opportunistic talent enhancement 18 |
 CSBK PHILOSOPHY The CSBK Philosophy on Building Value…in plain English:
19 Customers Management Locations Asset Quality Brand/Reputation Compliance Efficiencies |
 7
Pillars – How are we doing?
1. Core deposit growth 2. Prudent asset generation and diversification 3. Technological advancement with respect to delivery channels 4. Effective customer service and retention strategies 5. Quality control, thorough risk assessment and regulatory compliance
6. Expansion into carefully selected market areas 7. Strategic, smart acquisitions should such opportunities arise 20 |
 Thank you for your
continued support.
21 |