Skyline Bankshares, Inc. · OTC:SLBK
Skyline Bankshares — Investor Presentation (September 2025)
26 slides from Skyline Bankshares's investor presentation, September 2025
Slide 1: Skyline Bankshares, Inc.
Skyline Bankshares, Inc. Holding Company for
Slide 2: Forward Looking Statement Disclaimer
Forward Looking Statement Disclaimer This presentation contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934 as amended. These include statements as to expectations regarding future finan
Slide 3: Our Values
Our Values Smart Young-at-Heart Inspired Energetic Clever minds We surprise Extraordinary This is create change. and delight. passion drives us. contagious. Kind Local Nonconforming We’re never wrong We’re from here. We don’t do mediocre by doing right. We own it. or status quo. pg 2 SkylineNational
Slide 4: Highlights and History
Highlights and History GROWING COMMUNITY BANK TICKER: SLBK (OTC QX) as of June 30, 2025 $1.28 billion $87.8 million Assets: Highlights: as of Loans: $1.03 billion MARKET CAP: August 11, 2025 Deposits: $1.14 billion 1 Network: 28 branches 2 lpo’s # deposit share IN HOME COUNTIES OF GRAYSON AND FLOYD,
Slide 5: Demonstrated History of Successful Expansion
Demonstrated History of Successful Expansion November, 2015 July 1, 2016 March 17, 2017 April 19, 2018 December 2, 2019 March 16, 2020 2020-2021 February 9, 2022 June 23, 2023 April 17, 2024 2025 Parkway Acquisition Grayson Name changed to West Jefferson Mocksville branch Lenoir branch Recognized in
Slide 6: Markets Served
Markets Served Current Markets Roanoke / Blacksburg / NRV ROANOKE • Healthcare – Carillion Clinic, Lewis Gale Hospitals 77 Salem • Education – Virginia Tech, Radford University, Roanoke College Blacksburg 81 Cave Spring • Industry – Ballast Point, Northfolk Southern, Volvo, PepsiCo Fairlawn Christia
Slide 7: Investment Rationale
Investment Rationale UNRECOGNIZED VALUE – 8/11/25 price of $17.14/sh is less than CURRENT SHARES OUTSTANDING: 5,651,704 at 6/30/2025 6.5x annualized Q2, ‘25 EPS SHARE REPURCHASE PROGRAM IMPROVED SCALE AND GEOGRAPHY • Over 12% outstanding shares (708,971) repurchased • 2016 MOE – Roanoke and New Rive
Slide 8: Trading at a Substantial Discount to Peers
Trading at Trading ataaSubstantial SubstantialDiscount Discounttoto Peers Peers Price / Most Recent Quarter Annualized After-Tax Pre-Provision Earnings Per Share: SLBK vs Peers 14.9 12.8 12.0 11.0 10.4 10.2 9.8 8.1 7.9 7.5 7.3 7.3 7.0 6.9 6.8 6.5 6.5 6.1 6.0 5.9 5.7 5.7 Peer 1 Peer 2 Peer 3 Peer 4 P
Slide 9: Strong and Improving Financial Performance
Strong and Improving Financial Performance rong Strong andand Improving Improving Financial Financial Performance Performance Strong rong andand Earnings Improving Improving Earnings Per Share Per Share Financial Financial Performance Performance Earnings Per Share Efficiency Efficiency Ratio Ratio
Slide 10: Dominant Deposit Market Share in Core Markets
Dominant Deposit Market Share in Core Markets Dominant Deposit Market Share in Core Markets Market Branches in Deposits in Deposit % of County State Rank Market Market ($M) Market Share Franchise #1 rank in counties Floyd VA 1 2 $156 51.8% 14.5% Grayson VA 1 5 144 76.2% 13.4% representing ~30% of Ca
Slide 11: Resilient, Low-Cost Funding Base
Resilient, Low-Cost Funding Base Skyline National Bank Cost of Interest-Bearing Deposits vs Fed Funds Rate Source: S&P Capital IQ pg 10 SkylineNational.Bank
Slide 12: New Markets are Target Rich
New Markets are Target Rich New Markets are Target Rich ✓ Skyline entered the attractive eastern Tennessee market throug its acquisition of Johnson Count Number of Banks with $100M - $1B in Assets Bank in September 2024 • Skyline entered the attractive Number of Banks with $100M-$1B in Assets easter
Slide 13: New Markets Have Attractive Demographics
New Markets Have Attractive Demographics ew NewMarkets MarketsHave HaveAttractive Attractive Demographics Demographics 2025-2030 2025-2030 Projected Projected Population Population CAGRCAGR Median Median Household Household Income Income 2025-2030 Projected Population CAGR Median Household Income 4.
Slide 14: Financial Information
Financial Information
Slide 15: Condensed Balance Sheets
Condensed Balance Sheets • Investment securities at 6/30/2025 > No HTM securities June 30, March 31, December 31, June 30, > Modified duration 5.6 (in thousands, except per share data) 2025 2025 2024 2024 > @ $49.9 million with average maturity of 3.5 years Assets Cash and Cash Equivalents $ 44,674
Slide 16: Condensed Income Statements
Condensed Income Statements Net Interest Margin Three Months Ended Six Months Ended 4.50% — June 30, June 30, June 30, June 30, 4.27% 4.25% — 4.15% (in thousands, except per share data) 2025 2024 2025 2024 4.00% — 3.76% 3.82% Interest Income $ 16,264 $ 12,400 $ 31,748 $ 24,386 3.75% — 3.68% Interest
Slide 17: Loan Portfolio
Loan Portfolio Data as of June 30, 2025 Other C&D C&I 2% 7% Diverse portfolio – by loan type, industry, and geography Farmland 6% 2% 87% adjustable/variable - 13% fixed Weighted average yield of 5.99% Granular small business and retail portfolio: • Average balance 1-4 family RE is $107,928 CRE 29% •
Slide 18: Commercial Real Estate
Commercial Real Estate Data as of June 30, 2025 Office includes, but not limited to: Office • Professional Services 18% Other • Personal Services 16% • Offices of Real Estate Agents and Brokers • Property Managers • Insurance Agencies • Investment Services and Portfolio Management Restaurant 5% • Ch
Slide 19: Deposit Portfolio
Deposit Portfolio Data as of June 30, 2025 Time Deposits > $250K Geographic diversity – Individual market pricing potential 11% Time Deposits < $250K Cost of funds Q2: 131 bps 21% Noninterest DDAs 31% Core deposits to total deposits: 89% Core deposits to total assets: 79% (FDIC peer group average 73
Slide 20: Skyline Family – Overview
Skyline Family – Overview Culture Investing in the future • “Always our Best” • Nine graduates from the Virginia Bankers School of Bank Management (two top bankers in their class and one tied for Corporate Governance second place in their class) with four currently enrolled • 15 Directors with annua
Slide 21: Skyline Family – Leadership
Skyline Family – Leadership NAME POSITION EDUCATION AGE EXPERIENCE Thomas Jackson Chairman of the Board Hampden Sydney College,College of William and Mary, J.D. 68 23 David McNeill Vice-Chairman of the Board University of North Carolina - Chapel Hill 69 12 Blake Edwards Chief Executive Officer Radfo
Slide 22: Moving Forward
Moving Forward Quality Growth • Organic • LPOs • Branch expansion • Small bank acquisition Performance Downtown Hickory, NC pg 21 SkylineNational.Bank
Slide 23: Appendix
APPENDIX Skyline National Bank ALWAYS OUR BEST
Slide 24: Selected Public Peer Group
Selected Public Selected Public PeerPeer GroupGroup CRITERIA HIGHLIGHTS HEADQUARTERS: Virginia, North Carolina & Tennessee LTM ROAA: 0.27% – 1.83% TOTAL ASSETS: $750M – $2.0B LTM ROAE: 3.9% – 20.4% Bank Overview Financial and Perfomance Figures Trading Data Total NPAs / TCE LTM LTM LTM Effncy 8/14/2
Slide 25: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures In addition to financial statements prepared in accordance with U.S. June 30, March 31, December 31, June 30, generally accepted accounting (dollars in thousands except share amounts) 2025 2025 2024 2024 principles (“GAAP”), the Company uses certain non-
Slide 26: Skyline Bankshares, Inc.
Thank you for the opportunity to share the Skyline story. We are happy to answer any questions you might have. BLAKE EDWARDS President and CEO [email protected] 1.276.773.2811 Skyline Bankshares, Inc. Holding Company for
Skyline Bankshares — Investor Presentation (September 2025) on 6ix