Finward Bancorp · NASDAQ:FNWD
Finward Bancorp — Investor Presentation (September 2022)
24 slides from Finward Bancorp's investor presentation, Sep 21, 2022
Slide 1: Investor Presentation
> FINWARD BANCORP Investor Presentation Wednesday, September 21, 2022
Slide 2: Finward Bancorp
Finward Bancorp > FINWARD BANCORP Septem 21.2022 A NASDAQ Traded Company - Symbol FNWD BANCORP
Slide 3: Forward-Looking Disclosures
Septem 2.202 Forward-Looking Disclosures Forward-Looking Statements Tis may contin regarding the final business prospects, grawth and operating strep of inward Bancorp (the “Banca For these statemerts, the Bancorp clams the pretectons cf the safe harbor for forwar-aoking statements contained in the
Slide 4: Quarterly Update
Seperber 2.2022 Quarterly Update * Creditof underlying secures is strong and itis unity the Bancorp willbe * Cased 3 branches through July 1, 2022. to bring ttl branch count to 28: expect required to sell he investments bafare recovery of thar amortized cost basi, rninteret expense savings of roughl
Slide 5: Overview of Finward Bancorp
Septem 21.2022 Overview ot Finward Bancorp Company Overview Ii2-year old bank headquartered in Munster, indiana ‘Community bank wth core competency in commercial lending funded by a formidable, low-cost core deposit franchise Nameda Gest Bank to Work for in marca fr 2015-2020 as well asa Tap 200 Com
Slide 6: Investment Rationale
Septem 21.2022 Investment Rationale ‘4.B%TEV + Divdend CAGR since year-end 2013 (8.3549 when excluding impact of AD) Robust & Disciplined Growth Supporting Strang Profitability Emphasis on expanding bath wealth management and business banking Organic growth enhanced by strategic acquistions expandin
Slide 7: Corporate History
Corporate History Total Organic Asst tequirod sets! Asset CABR - 39% sae Septem 21.2022 i : 5 | | =| il zm Lis | EE G0 Marapamt = Congted + Benchanal Sehehrared sCnopel ——wAamcediny + Ueda MMS + Jory 212 Irwatinboan——seqeticlfiot—wamedFredet—tdelCED We FUPBChl fang cytenffest spt IS eee agate Tenple
Slide 8: Executive Management Team
Seente Executive Management Team Nuiti-genarational leadership team with decades of combined experience working together Significant insider ownership of 15%" aligning interests with shareholders + Seasoned banking team with deep ties to core operating markets Risk-aligned corporate culture, promoti
Slide 9: Diverse Board of Directors
Diverse Board of Directors Year Joined Board Member fe Board Uaid& Bachnowsk & —_ . " Year Joined Board Mer Age Board Board Member fae Board Ural PFsko a 7008 Benjamin Boctaork | Prosidert CED 7 = Anthony M Parte leiindopendecteecter = *® a os Wieser m4 1999 Joel Boratick % 2000 Kenneth. Krupinck ">
Slide 10: Disciplined and Experienced Acquiror
Septem 21.2022 Disciplined and Experienced Acquiror Blovecocaingt tbat Savings Bai ‘AJ ANCORR Poyst actos Bank, FSB ‘Bak = Fin, ‘Transaction Closed | Closed \ Closed i Closed | Closed Date Agr 2006 shiy205 sbi 208 | damuary 2018 January 2022 1 i) 1 i) — 0 } ' Se Val 1 1 ' 1 Assets (SM) 30M } som t s
Slide 11: Driving Service Excellence
Septem 2.2022 Driving Service Excellence = Transitioning from customers and features to relationships and solutions * Focus on what clients need to thrive * Broaden product/service offerings = Reduce complexity Drive * Reduce cycle time Efficiancy = Imprave sales growth Expand = Expand product off l
Slide 12: Well-Balanced, Growing Loan Portfolio
Well-Balanced, Growing Loan Portfolio 02°22 Loan Portfolio by Collateral Type sOryaiclon ‘= Resdentl Real tte op BPP Loms se | Dhayicdlone® 1 Conmarcial Rel Estate = Mataty . 4 = Construction and Development sy 133 = Conmeri Buses yi ! 1 WandacturedHamer bs H Home Equity Ds 04 2S 2S mn me mS wm mA w
Slide 13: Conservative Approach to Credit
Septem 21.2022 Conservative Approach to Credit Credit Philosophy Credit Underwriting and Administration NPAs / Assets! NCOs (Recoveries) / Avg, Loans Eperiencd banking team wth deep krowdedgecof the Chicago arez mare empowered tn be relationship bakers (natjust lenders) Prudent skidenfcatio and miti
Slide 14: Stable and Growing Core Deposit Franchise
Septem 21.2022 Stable and Growing Core Deposit Franchise Historical Total Deposits (S Millions) 02°22 Deposit Composition sO Dest ‘Dogue Dapost m3 04 2S me On Cost of Deposits (%) fg Tad fds unk OSs 19% 0 te: 208 i ma m0) 702 wZy ito Peer edi 39% 100% m3 mh MS mR mn > FINWARD BANCORP 189% 708 ‘216%
Slide 15: Core Earnings Power
Septem 21.2022 Core Earnings Power SieMoey erm per sare — mea cons Paces tS Strong earings continue to accra to and bul capital Low cat funding allows for uizing the balance shes aiienty 10: sess Successul execution of MBA strategy resulting inrealad synergies mare han 43) ggyta0 $9689 accounting fo
Slide 16: Capital to Support Growth
Septem 21.2022 Capital to Support Growth Capital Management * Regulatory casita evls in excess of well-caitalzed requirements ‘= Tengilecaptsl represented 5.2% of tangible assets on June 3D, 2022 (s non-GAAP mmecsure) Tangle capital. exlding accumulated other comprehensive losses. was 8.0% on June 3
Slide 17: Franchise summary
iti ot Franchise alguns hes area markets igned with sharehclders th OE a Presence in Diverse, = Markets * Praducing long-term earings growthin ex ‘= Future profitability focused an a combina Investing to Position For the Future ‘Investing in al business Ines with pes ring relationships (2) diving ef
Slide 18: Thank You
THANK YOU ONES
Slide 19: Appendix
APPENDIX D> FINWARD BANCORP
Slide 20: Historical Financial Summary
Sepee 2 Historical Financial Summary Taos sen72s0 $i 00058 stawo202stozozas sz t01 486 Lome, Net 612.720 136,88 952688 osss77 146.075 To Deposis us.008 929.198 30290 s4201 sown Tangbie Comma Ema? cr) one onan 42300 08451 WYP Shae? ssi02 sao sas ‘Hoo TETAS? 6% 3% 97% 90% 52% Bank rt Lora tao °°) 94%
Slide 21: Non-GAAP Reconciliation
Non-GAAP Reconciliation D» FINWARD BANCORP
Slide 22: Non-GAAP Reconciliation
Non-GAAP Reconciliation > FINWARD BANCORP
Slide 23: Non-GAAP Reconciliation
Non-GAAP Reconciliation > FINWARD BANCORP
Slide 24: Non-GAAP Reconciliation
Non-GAAP Reconciliation > FINWARD BANCORP
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