ENB Financial Corp · OTC:ENBP
ENB Financial — Shareholder Meeting (May 2020)
37 slides from ENB Financial's shareholder meeting presentation, May 6, 2020
Slide 1: 2020 Annual Shareholder Meeting
2020 Annual Shareholder Meeting May 5, 2020 ENB Financial Corp
Slide 2: 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 Agenda
Slide 3: Presenters
Jeffrey S. Stauffer President and CEO – 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 – ENB Financial Corp Senior Vice President an
Slide 4: Meeting Certification
Presented by: Barry W. Harting Corporate Secretary - ENB Financial Corp Meeting Certification
Slide 5: Matters of Proxy
Matters of Proxy 1. Elect three (3) Class C directors to serve a 3 - year term 2. Ratify the selection of S.R. Snodgrass, P.C. 3. Transact other business
Slide 6: Election of Directors – Class C
1. Elect three (3) Class C directors to serve a 3 - year term Matters of Proxy Election of Directors – Class C Joshua E. Hoffman Susan Y. Nicholas Mark C. Wagner
Slide 7: Current Directors
Current Directors Continuing Directors – Class A Aaron L. Groff, Jr. Dr. Brian K. Reed Jeffrey S. Stauffer Continuing Directors – Class B Willis R. Lefever Jay S. Martin Judith A. Weaver
Slide 8: Voting Process
Presented by: Barry W. Harting Corporate Secretary - ENB Financial Corp Voting Process
Slide 9: Voting Process: Proxy Holders and Judges of Election
Voting Process Proxy Holders Janice S. Eaby John H. Shuey Judges of Election Paul W. Wenger Roger S. Kline John L. Weber
Slide 10: President's Remarks
Presented by: Jeffrey S. Stauffer President & CEO - ENB Financial Corp President’s Remarks
Slide 11: Goodbye to Paul Wenger
Goodbye to Paul Wenger
Slide 12: Retirement of Aaron L. Groff, Jr.
Thank you for 52 - years of service Retirement of Aaron L. Groff, Jr.
Slide 13: 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 a highly de
Slide 14: Vision Statement
To help clients achieve financial success as defined by them by discovering their goals and dreams in order to provide helpful advice. Vision Statement
Slide 15: A Strategic Path Forward
A Strategic Path Forward
Slide 16: A Strategic Path Forward
A Strategic Path Forward Financial Perspective Financial growth and result Key Financial parameters and performance (ROE, ROCE) Higher Profit Margin Improved Cash Flow Lower Bad Loans and Lower Debt Net Interest Margin Reduced Overhead Expense Proper Revenue Mix Learning and Growth Develop Critical
Slide 17: Attracting the Next Generation of Customers
A Strategic Path Forward Attracting the Next Generation of Customers
Slide 18: New Markets & Opportunities: Mortgage Lending Area Expansion
New Markets & Opportunities Mortgage Lending Area Expansion
Slide 19: ENB Money Management Group Acquired Additional Trust Assets
New Markets & Opportunities ENB Money Management Group Acquired Additional Trust Assets
Slide 20: Maintaining Customer Safety
Maintaining Customer Safety
Slide 21: Commitment to Customer Service
Commitment to Customer Service
Slide 22: Making a Difference
Making a Difference
Slide 23: Employee Engagement
[ew Employee Engagement a
Slide 24: COVID-19 Response
You'll feel the differen COVID-19 Response
Slide 25: Financial Results
Presented by: Scott E. Lied Treasurer - ENB Financial Corp Financial Results
Slide 26: 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 language used in
Slide 27: Net Income
Net Income 0 2,000 4,000 6,000 8,000 10,000 12,000 2015 2016 2017 2018 2019 6,910 7,553 6,344 9,749 11,395 Dollars in Thousands
Slide 28: Significant Items
Significant Items Dollars in Thousands 2019 $ 2018 $ Incr./ Decr . $ Incr./ Decr . % Net Interest Income 36,618 33,124 3,494 10.5 Provision for Loan Loss 770 660 110 16.7 Other Income 10,076 9,690 386 4.0 Bank Owned Life Ins. 731 1,638 (907) - 55.4 Security Gains/(Losses) 499 (291) 790 NA Operating
Slide 29: 2019 Balance Sheet Growth
2019 Balance Sheet Growth Total Assets up $73.9 million + 6.7% Total Loans up $59.5 million + 8.6% Total Deposits up $54.4 million + 5.9% Total Capital up $13.9 million +13.5%
Slide 30: Performance Ratios
Performance Ratios 2019 % 2018 % 2017 % Return on Average Assets (ROA) 1.01 0.93 0.63 Return on Average Equity (ROE) 10.36 9.94 6.46 Net Interest Margin 3.53 3.46 3.46 Efficiency Ratio 69.82 71.58 73.23
Slide 31: Per Share Data
Per Share Data 2019 2018 2017 Earnings Per Share $2.010 $1.710 $1.120 Dividends Per Share $0.620 $0.575 $0.560 Dividend Payout Ratio 30.85% 33.63 % 50.22%
Slide 32: 2019 Peer Analysis
2019 Peer Analysis Measurement ENBP % PA Bank Peer* % Return on Average Assets LTM 1.01 1.01 Core Return on Average Equity 10.36 9.82 Price to Earnings LTM 9.20 9.60 Price to Tangible Book 0.89 0.99 Dividend Yield 3.08 2.73 *Data as of December 31, 2019 from Boenning & Scattergood, Inc., 1 st Qtr. 2
Slide 33: 2019 Peer Analysis
2019 Peer Analysis Measurement ENBP % PA Bank Peer* % Tangible Capital to Assets 10.0 9.7 Tier 1 Ratio 13.4 12.8 Total Capital Ratio 14.5 14.5 Efficiency Ratio (Adjusted) 69.8 64.5 Non - Performing Assets/Total Assets 0.34 0.57 Allowance for Loan Losses 1.25 1.04 *Data as of December 31, 2019 from B
Slide 34: First Quarter 2020 Results (Unaudited)
First Quarter 2020 Results (Unaudited) Earnings: $2.165 million, Down $438,000, or 16.9%. - COVID - 19 Impacts to MSA’s, Provision, and NII - Higher Operating Expenses ROA: 0.74% ROE: 7.42% Net Interest Income: Up $233,000, or 2.6% Net Interest Margin: 3.41% Mortgage Gains: $541,000 vs. $ 349,000
Slide 35: Voting Results
Presented by: Barry W. Harting Corporate Secretary - ENB Financial Corp Voting Results
Slide 36: Questions & Answers
Questions & Answers
Slide 37: 2020 Annual Shareholder Meeting
2020 Annual Shareholder Meeting May 5, 2020 ENB Financial Corp