ENB Financial Corp · OTC:ENBP
ENB Financial — Shareholder Meeting (May 2025)
34 slides from ENB Financial's shareholder meeting presentation, May 7, 2025
Slide 1: Annual Shareholder Meeting May 6, 2025
ANNUAL SHAREHOLDER MEETING May 6, 2025
Slide 2: Agenda
AGENDA • Welcome • Reading of the Minutes • Meeting Certification • Matters of Proxy • Voting • Discussion of Company Condition • President’s Remarks • Financial Review • Voting Results • Questions & Answers • Adjournment 2
Slide 3: Presenters
PRESENTERS Jeffrey S. Stauffer President, CEO & Chairman of the Board – ENB Financial Corp and Ephrata National Bank Adrienne L. Miller, Esq. Vice President and Corporate Secretary – ENB Financial Corp Senior Vice President and Legal Counsel – Ephrata National Bank Rachel G. Bitner Treasurer – ENB F
Slide 4: Meeting Certification
MEETING CERTIFICATION 4 Presented by: Adrienne L. Miller, Esq. Corporate Secretary – ENB Financial Corp
Slide 5: Matters of Proxy
MATTERS OF PROXY One Two To conduct a non - binding shareholder vote on executive compensation Four Five Three Elect four (4) Class A directors to serve a 3 - year term To conduct non - binding vote on the frequency of non - binding shareholder votes on executive compensation Transact such other bus
Slide 6: Matters of Proxy: Election of Directors – Class A
MATTERS OF PROXY Elect four (4) Class A directors to serve a 3 - year term Election of Directors – Class A • Jose R. Lopez • Brian K. Reed • Jeffrey S. Stauffer • J. Daniel Stoltzfus
Slide 7: Continuing Directors
CONTINUING DIRECTORS Continuing Directors – Class B • Willis R. Lefever • Jay S. Martin • Judith A. Weaver • Roger L. Zimmerman Continuing Directors – Class C • Joshua E. Hoffman • Susan Y. Nicholas • Mark C. Wagner
Slide 8: Voting Process
VOTING PROCESS 8 Presented by: Adrienne L. Miller, Esq. Corporate Secretary – ENB Financial Corp
Slide 9: Voting Process: Proxy Holders and Judges of Election
VOTING PROCESS Proxy Holders • Aaron L. Groff, Jr. • Mary E. Leaman Judges of Election • Paul W. Brubaker • Roger S. Kline • Paul W. Wenger
Slide 10: President's Remarks
PRESIDENT’S REMARKS 10 Presented by: Jeffrey S. Stauffer President, CEO & Chairman of the Board – ENB Financial Corp
Slide 11: Executive Team
EXECUTIVE TEAM Jeff Stauffer President, CEO & Chairman of the Board Cindy Cake EVP, Chief Human Resources Officer Adrienne Miller, Esquire VP, Corporate Secretary SVP, Legal Counsel Nick Klein EVP, Chief Risk Officer Joselyn Strohm SEVP, Chief Operating Officer Rachel Bitner Treasurer/EVP, Chief Fin
Slide 12: Senior Management Team
SENIOR MANAGEMENT TEAM Nancy Dove SVP, Compliance Officer Christian Heckman SVP, Chief Lending Officer Tim Doty SVP, Information Security Officer JJ Jones SVP, Chief Credit Officer Craig Rodenberger SVP, Chief Marketing Officer Todd Keagy SVP, Chief Retail and Business Banking Officer
Slide 13: Mission Statement
MISSION STATEMENT To remain an independent community bank of undisputed integrity so the communities we serve benefit from our prosperity. To help our employees find career fulfillment through professional growth, personal empowerment and mutual achievement. To help our customers achieve financial h
Slide 14: Executing a Plan for Future Success
EXECUTING A PLAN FOR FUTURE SUCCESS ENB 2022 – 2024 Strategic Planning Objectives 1. Evolve Purposeful Leadership Capabilities 2. Develop a Robust Sales & Service Culture 3. Achieve Operational Excellence 4. Manage Risk to Achieve Greater Profitability 5. Pursue Emerging Opportunities that Align Wit
Slide 15: Urban Markets
URBAN MARKETS Our Urban Banking Team is not just about providing a service – it’s about creating lasting relationships that will drive growth, stability, and wealth for the families of Lancaster City and beyond.
Slide 16: Core Upgrade
CORE UPGRADE Faster, More Efficient Service Transactions are processed quicker, account opening is streamlined, and customer service inquiries are handled more effectively. This efficiency means our customers can get more done in less time, enhancing their overall satisfaction. Improved Online Banki
Slide 17: Building Community
BUILDING COMMUNITY
Slide 18: Building Community: J. Harry Hibshman Scholarship by the Numbers
BUILDING COMMUNITY J. Harry Hibshman Scholarship by the Numbers 67 Value of scholarships awarded in 2024 $ 1.3m Number of scholarships awarded since inception 4.7k Value of scholarships awarded since inception $ 34m Number of scholarships awarded in 2024
Slide 19: 2024 Financial Results
2024 FINANCIAL RESULTS 19 Presented by: Rachel G. Bitner Treasurer – ENB Financial Corp
Slide 20: Disclosures
DISCLOSURES Unaudited Financial Information Some of the following slides 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
Slide 21: Net Income
NET INCOME (in thousands) 12,299 14,916 14,631 12,375 15,317 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 2020 2021 2022 2023 2024
Slide 22: Significant Items: Net Interest Income
SIGNIFICANT ITEMS Incr./Decr. % Incr./Decr. $ 2023 $ 2024 $ Dollars in Thousands 5.0 2,702 54,039 56,741 Net Interest Income 0 20000 40000 60000 80000 100000 2023 2024 Interest Income Components Total Investment Loan 0 5000 10000 15000 20000 25000 30000 35000 40000 2023 2024 Interest Expense Compone
Slide 23: Significant Items
SIGNIFICANT ITEMS Incr./Decr. % Incr./Decr. $ 2023 $ 2024 $ Dollars in Thousands 95.2 495 520 1,015 Provision for Credit Losses 20.2 2,717 13,428 16,145 Other Income 138.1 1,059 767 1,826 Gains on the Sale of Mortgages NA 1,655 (1,496) 159 Security Gains (Losses) 7.4 3,824 51,407 55,231 Operating Ex
Slide 24: 2024 Balance Sheet Growth
2024 BALANCE SHEET GROWTH 1,360,078 1,427,269 469,020 626,140 2,000,824 2,219,831 250,000 450,000 650,000 850,000 1,050,000 1,250,000 1,450,000 1,650,000 1,850,000 2,050,000 2,250,000 2023 2024 Loans Investments Assets
Slide 25: 2024 Deposit Growth
2024 DEPOSIT GROWTH 1,726,798 1,890,443 250,000 450,000 650,000 850,000 1,050,000 1,250,000 1,450,000 1,650,000 1,850,000 2,050,000 2,250,000 2023 2024 Deposits
Slide 26: 2024 Capital Growth
2024 CAPITAL GROWTH 119,654 130,984 100,000 105,000 110,000 115,000 120,000 125,000 130,000 135,000 2023 2024 Capital
Slide 27: Capital Position
CAPITAL POSITION (in thousands) 12/31/22 12/31/23 12/31/24 $97,335 $119,654 $130,984 Total Stockholders’ Equity $142,677 $150,596 $162,006 Retained Earnings $(48,292) $(34,355) $(34,143) Accumulated Other Comprehensive Loss
Slide 28: Performance Ratios
PERFORMANCE RATIOS 2022 % 2023 % 2024 % 0.83 0.65 0.75 Return on Average Assets (ROA) 13.63 12.03 12.13 Return on Average Equity (ROE) 3.03 2.94 2.87 Net Interest Margin 70.28 74.64 73.59 Efficiency Ratio
Slide 29: Per Share Data
PER SHARE DATA 2022 2023 2024 $2.62 $2.19 $2.71 Earnings Per Share $0.68 $0.68 $0.69 Dividends Per Share 25.95 % 31.05% 25.46% Dividend Payout Ratio $16.00 $14.75 $17.20 Stock Price at Year - End
Slide 30: 2024 Peer Analysis
2024 PEER ANALYSIS * as of 12/31/24 * Peer data consists of the Corporation’s strategic plan peer group which includes 13 banks in PA, NY, and MD with assets between $1.3 billion and $5.4 billion. Peer Median ENBP Measurement 0.81% 0.75% Return on Average Assets 8.82% 12.13% Return on Average Equity
Slide 31: 2024 Peer Analysis
2024 PEER ANALYSIS * as of 12/31/24 * Peer data consists of the Corporation’s strategic plan peer group which includes 13 banks in PA, NY, and MD with assets between $1.3 billion and $5.4 billion. Peer Median % ENBP % Measurement 9.10 9.12 Leverage Ratio 12.17 13.22 Tier 1 Ratio 13.24 14.37 Total Ca
Slide 32: First Quarter 2025 Results
FIRST QUARTER 2025 RESULTS (Unaudited) • Earnings: $4,316,000, up $375,000, or 9.5% from Q1 2024 • ROA: 0.80% • ROE: 13.03% • Net Interest Income: Up $2,816,000, or 21.1% • Net Interest Margin: 3.02% • Earnings per Share: $0.76, up 8.6% • Balance Sheet Growth: $228.9 million, or 11.5% higher than Ma
Slide 33: Voting Results
VOTING RESULTS 33 Presented by: Adrienne L. Miller, Esq. Corporate Secretary – ENB Financial Corp
Slide 34: Questions & Answers
QUESTIONS & ANSWERS