ENB Financial Corp · OTC:ENBP
ENB Financial — Shareholder Meeting (May 2018)
40 slides from ENB Financial's shareholder meeting presentation, May 8, 2018
Slide 1: 2018 Annual Shareholders Meeting
2018 Annual Shareholders Meeting May 8, 2018 ENB Financial Corp
Slide 2: Agenda
Agenda Welcome Reading of the Minutes Certify Voting Activity Vote on Matters of the Proxy Statement Discussion of Company Condition • President’s Remarks • Financial Review Questions & Answers Voting Results Adjournment
Slide 3: Presenters
Presenters Aaron L. Groff, Jr. • President, CEO and Board Chairman – ENB Financial Corp and Ephrata National Bank Barry W. Harting • Vice President and Corporate Secretary – ENB Financial Corp • Senior Vice President and Chief Risk Officer – Ephrata National Bank Scott E. Lied • Treasurer – EN
Slide 4: Meeting Certification
Meeting Certification Presented by: Barry W. Harting Corporate Secretary - ENB Financial Corp
Slide 5: Matters of Proxy
Matters of Proxy Proxy Holders 1. Elect three (3) Class B directors to serve a 3-year term 2. Transact other business
Slide 6: Matters of Proxy
Matters of Proxy 1. Elect three (3) Class B directors to serve a 3-year term Election of Directors – Class B Willis R. Lefever Donald Z. Musser Judith A. Weaver
Slide 7: Current Directors
Current Directors Continuing Directors – Class A Aaron L. Groff, Jr. Dr. Brian K. Reed Paul M. Zimmerman, Jr. Continuing Directors – Class C Joshua E. Hoffman Susan Y. Nicholas Mark C. Wagner Paul W. Wenger
Slide 8: Voting Process
Voting Process Presented by: Barry W. Harting Corporate Secretary - ENB Financial Corp
Slide 9: Voting Process
Voting Process Proxy Holders Judges of Election Janice S. Eaby Paul W. Wenger John H. Shuey Roger S. Kline John L. Weber
Slide 10: President’s Remarks
President’s Remarks Presented by: Aaron L. Groff, Jr. President & CEO - ENB Financial Corp
Slide 11: Mission Statement
Mission Statement To remain an independent community bank of undisputed integrity, serving the communities of Lancaster County and beyond. To offer state-of-the-art financial products and services of high quality and value at an affordable price. To provide unsurpassed personal service, delivered by
Slide 12: Vision Statement
Vision Statement To help clients achieve financial success as defined by them by discovering their goals and dreams in order to provide helpful advice.
Slide 13: Growth
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Slide 14: Market Expansion - Branches
Market Expansion - Branches
Slide 15: Market Expansion - Mortgage
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Slide 16: Market Expansion - CRE
Market Expansion - CRE
Slide 17: Market Expansion – Ag Banking
Market Expansion – Ag Banking
Slide 18: Community Support
Community Support
Slide 19: Easier Access
Easier Access
Slide 20: Easier Access
Easier Access Protect your money with ENB’s free Debit Card Alerts.
Slide 21: Easier Access
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Slide 22: Easier Access
Easier Access
Slide 23: Focus on our Future
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Slide 24: Financial Condition
Financial Condition Presented by: Scott E. Lied Treasurer - ENB Financial Corp
Slide 25: Disclosures
Disclosures Unaudited Financial Information Some of the following slides do present financial information that is unaudited. Therefore, this information is subject to adjustments that could be necessary upon completion of the annual audit. Forward Looking Statements Some of the material and/or l
Slide 26: Net Income
8,000 7,710 7,553 7,092 6,910 2 6,344 E 6,000 S ° S '« 4,000 wn & 8 2,000 0 2013 2014 2015 2016 2017
Slide 27: Significant Items
Significant Items 2017 2016 Incr./Decr. Incr./Decr. Dollars in Thousands $ $ $ % Net Interest Income 30,178 25,287 4,891 19.3 Provision for Loan Loss 940 325 615 NA Other Income 9,646 8,774 872 9.9 Security Gains 675 2,370 (1,695) (71.5) Operating Expense 30,877 27,200 3,677 13.5 Pre Tax Income 8,68
Slide 28: ENB Money Management Group Annual Revenue
ENB Money Management Group Annual Revenue 1800 1600 Dollars In Thousands 1400 1200 1000 Non Dep Inv Prod Trust 800 600 400 200 0 2015 2016 2017
Slide 29: ENB Money Management Group Assets Under Advisement
ENB Money Management Group 400 Assets Under Advisement 350 300 Dollars in Millions 250 200 Custodial 150 Fiduciary 100 50 0 2015 2016 2017
Slide 30: Performance Ratios
Performance Ratios 2017 2016 % % Return on Average Assets (ROA) 0.63 0.80 Return on Average Equity (ROE) 6.46 7.74 Net Interest Margin 3.46 3.12 Efficiency Ratio 73.23 75.12
Slide 31: Per Share Data
Per Share Data 2017 2016 Earnings Per Share $2.23 $2.65 Dividends Per Share $1.12 $1.09 Dividend Payout Ratio 50.22% 41.13%
Slide 32: 2017 Peer Analysis
2017 Peer Analysis ENBP PA Bank Peer* Measurement % % Return of Average Assets 0.63 0.74 Return on Average Equity 6.5 7.5 Price to Earnings 15.5 17.7 Price to Tangible Book 98.8 146.4 Dividend Yield 3.27 2.46 *Data as of December 31, 2017 from Boenning & Scattergood, Inc., 1 st Qtr. 2018 Mid-Atlanti
Slide 33: 2017 Peer Analysis
2017 Peer Analysis ENBP PA Bank Peer* Measurement % % Tangible Capital to Assets 9.7 8.9 Tier 1 Capital Ratio 13.8 12.8 Total Risk Based Capital 15.0 14.2 Non-Performing Assets/Total Assets 0.10 0.70 Allowance for Loan Losses/Total Loans 1.38 1.05 *Data as of December 31, 2017 from Boenning & Scatte
Slide 34: 2017 Balance Sheet Growth
2017 Balance Sheet Growth Total Assets up $49.4 million + 5.0% Total Loans up $26.0 million + 4.5% Total Deposits up $49.0 million + 6.0% Total Capital up $4.8 million + 5.1%
Slide 35: First Quarter 2018 Results
First Quarter 2018 Results (Unaudited) Earnings: $2.82 million, 54.4% increase Net Interest Income: Up $470,000, 6.5% increase Provision for Loan Losses: $190,000 vs. $90,000 BOLI Income: $1.1 million vs. $173,000 Mortgage Gains: $235,000 vs. $355,000 Operating Expenses: Up $366,000, 4.9
Slide 36: 2018 Strategic Initiatives
2018 Strategic Initiatives Loan to Deposit Ratio Mortgage geographic expansion Leverage resources Improve efficiency
Slide 37: Voting Results
Voting Results Presented by: Barry W. Harting Corporate Secretary - ENB Financial Corp
Slide 38: Communication
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Slide 39: Questions & Answers
Questions & Answers
Slide 40: Thank you!
Adjournment Thank you!