PCB BANCORP Earnings Results Third Quarter 2021
October 28, 2021
Safe Harbor Statement
This presentation (and oral statements made regarding the subject of this presentation) contains certain "forward- looking statements" that are based on various facts and derived utilizing numerous important assumptions and are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements include information about our future financial performance, business and growth strategy, projected plans and objectives, as well as projections of macroeconomic and industry trends, which are inherently unreliable due to the multiple factors that impact economic trends, and any such variations may be material. Statements preceded by, followed by or that otherwise include the words "believes," "expects," "anticipates," "intends," "projects," "estimates," "plans" and similar expressions or future or conditional verbs such as "will," "should," "would," "may" and "could" are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. Forward-looking statements are based on management's current expectations and involve risks and uncertainties that could cause actual results to differ materially from the Company's historical results or those described in our forward-looking statements. PCB Bancorp disclaims any obligation to update any forward-looking statement.
This presentation contains certain non-GAAP financial measures intended to supplement, not substitute for, comparable GAAP measures. Reconciliations of non-GAAP financial measures to GAAP financial measures are provided at the end of this presentation. Numbers in the presentation may not sum due to rounding.
your Partner • Choice • Bank | 2
Introduction
your Partner • Choice • Bank | 3
Franchise Footprint
- Servicing 7 of top 10 Korean-American MSAs in the U.S. through our branches and LPOs (1)
(1) Based on total population projected for 2018 by S&P Global Market Intelligence.
your Partner • Choice • Bank | 4
Equity Information | |||
As of October 25, 2021 | |||
Ticker | PCB | ||
Market Cap | $311.8 million | ||
Price Per Share | $21.01 | ||
52 Week Range | $8.82 - $21.25 | ||
Dividend Yield (Dividend Payout Ratio) | 2.28% (18.13% 4Q20-3Q21) | ||
Number of Shares | 14,841,626 | ||
Stock Repurchase
Announced on April 8, 2021 to repurchase up to 5% of outstanding stocks, which represents 775,000 shares, through September 7, 2021. Repurchased and retired 680,269 shares of common stock under this program.
Historical Quarterly Cash Dividend Per Share
20%
25% | ||||||||||||||||||||||||||
33% | ||||||||||||||||||||||||||
67% | 20% | 120.$0 | 120.$0 | |||||||||||||||||||||||
100.$0 | 100.$0 | 100.$0 | 100.$0 | 100.$0 | 100.$0 | |||||||||||||||||||||
025.$0 | 025.$0 | 025.$0 | 027.$0 | 027.$0 | 027.$0 | 027.$0 | 030.$0 | 030.$0 | 030.$0 | 030.$0 | 030.$0 | 030.$0 | 030.$0 | 030.$0 | 050.$0 | 060.$0 | 060.$0 | 080.$0 | ||||||||
(1) | (1) |
2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21
(1) Retrospectively adjusted for 10% stock dividend payouts on February 22, 2016 and January 15, 2017 | your Partner • Choice • Bank | 5 |
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PCB Bancorp published this content on 28 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 October 2021 19:11:09 UTC.
