ENB Financial Corp · OTC:ENBP
ENB Financial — Shareholder Meeting (May 2022)
34 slides from ENB Financial's shareholder meeting presentation, May 11, 2022
Slide 1: 2021 Annual Shareholder Meeting
2021 ANNUAL SHAREHOLDER MEETING: May 10, 2022. ENB Financial Corp
Slide 2: Disclosures
Disclosures Participation in the annual meeting, including voting shares and submitting questions, is limited to shareholders. During the annual meeting, the company will not permit discussions or questions that are not relevant or pertinent to the agenda matter, then being discussed, as determined
Slide 3: 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
Slide 4: Presenters
Presenters Adrienne L. Miller, Esq. Vice President and Corporate Secretary – ENB Financial Corp Senior Vice President and General Counsel – Ephrata National Bank Rachel G. Bitner Treasurer – ENB Financial Corp Executive Vice President and Chief Financial Officer – Ephrata National Bank Jeffrey S. St
Slide 5: Meeting Certification
Meeting Certification Presented by: Adrienne L. Miller, Esq. Corporate Secretary - ENB Financial Corp • Notice of Mailing to Shareholders of Record • Confirmation of Quorum
Slide 6: Matters of Proxy
Matters of Proxy 1. Elect three (3) Class A directors to serve a 3 year term 2. To conduct a non - binding shareholder vote on executive compensation 3. To approve and adopt the ENB Financial Corp 2022 Employee Stock Purchase Plan 4. To ratify the selection of S.R. Snodgrass, PC as the independent r
Slide 7: Election of Directors – Class A
Matters of Proxy Elect three (3) Class A directors to serve a 3 year term Election of Directors – Class A Dr. Brian K. Reed Jeffrey S. Stauffer J. Daniel Stoltzfus
Slide 8: 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, Esq. Mark C. Wagner
Slide 9: Voting Process
Voting Process Presented by: Adrienne L. Miller, Esq. Corporate Secretary - ENB Financial Corp • Introduction of Proxy Holders and Judges • Collection of any votes placed at the meeting
Slide 10: Voting Process: Proxy Holders and Judges of Election
Voting Process Proxy Holders • Mary E. Leaman • John H. Shuey Judges of Election • Paul W. Wenger • Roger S. Kline • John L. Weber
Slide 11: President's Remarks
President’s Remarks Presented by: Jeffrey S. Stauffer President , CEO & Chairman of the Board - ENB Financial Corp
Slide 12: Reaching for New Heights: 2022–2024 Strategic Planning Objectives
Reaching for New Heights ENB 2022 – 2024 Strategic Planning Objectives 1. Evolve Purposeful Leadership Capabilities 2. Achieve Operational Excellence 3. Develop a Robust Sales Culture 4. Manage Risk to Achieve Greater Profitability 5. Pursue Emerging Opportunities that Align with our Mission
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: Creating a Plan for Future Success
Creating a Plan for Future S uccess
Slide 15: A Growing Franchise
A Growing Franchise November 8 Elizabethtown Community Loan Office Opened at 222 S. Market St., Elizabethtown November 30 Received approval from the OCC to open a new Community Banking Office at 101 E. State Street, Quarryville March 25 The ENB Money Management Group entered an agreement with Muncy
Slide 16: Continuing Digital Transformation
Continuing Digital Transformation
Slide 17: Expanding our Commitment to Agriculture
Expanding our Commitment to Agriculture
Slide 18: Sharing our Prosperity
Sharing our Prosperity
Slide 19: Sharing our Prosperity: J. Harry Hibshman Scholarship
Sharing our Prosperity J. Harry Hibshman Scholarship • 4,473 scholarships totaling $ 30.2M awarded over the past 57 years • 78 scholarships totaling $ 1.55M awarded in 2021
Slide 20: Making the Holidays Brighter
Making the Holidays Brighter
Slide 21: Board Retirement - Aaron L. Groff, Jr.
Board Retirement - Aaron L. Groff, Jr .
Slide 22: 2021 Financial Results
2021 Financial Results Presented by: Rachel G. Bitner Treasurer - ENB Financial Corp
Slide 23: 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 24: Net Income
Net Income 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 2017 2018 2019 2020 2021 6,910 9,749 11,395 12,299 14,916
Slide 25: Significant Items
Significant Items Dollars in Thousands 2021 $ 2020 $ Incr./ Decr . $ Incr./ Decr . % Net Interest Income 40,571 38,248 2,323 6.1 Provision for Loan Loss 475 2,950 (2,475) - 83.9 Other Income 11,301 8,777 2,524 28.8 Gains on the Sale of Mortgages 5,526 5,850 (324) - 5.5 Gains on the Sale of Securitie
Slide 26: 2021 Balance Sheet Growth
2021 Balance Sheet Growth Total Assets up $254.9 million + 17.4% Total Loans up $97.5 million + 11.8% Total Deposits up $259.4 million + 20.7% Total Capital up $7.1 million + 5.4%
Slide 27: Performance Ratios
Performance Ratios 2021 % 2020 % 2019 % Return on Average Assets (ROA) 0.95 0.96 1.01 Return on Average Equity (ROE) 11.16 10.16 10.36 Net Interest Margin 2.81 3.24 3.53 Efficiency Ratio 69.08 67.19 69.82
Slide 28: Per Share Data
Per Share Data 2021 2020 2019 Earnings Per Share $2.68 $2.20 $2.01 Dividends Per Share $0.67 $0.64 $0.62 Dividend Payout Ratio 25.00% 29.09% 30.85 % Stock Price at Year - End $21.70 $18.60 $20.75
Slide 29: 2021 Peer Analysis
2021 Peer Analysis * As of 12/31/21 Measurement ENBP % Peer Median % Return on Average Assets 0.95 1.14 Return on Average Equity 11.16 12.45 Net Interest Margin 2.81 3.11 Efficiency Ratio 69.08 60.87 Revenue/full - time equivalent 216 258 * Peer data consists of the Corporation’s strategic plan peer
Slide 30: 2021 Peer Analysis
2021 Peer Analysis * as of 12/31/21 Measurement ENBP % Peer Median % Tangible Capital to Assets 7.99 8.20 Tier 1 Ratio 12.50 12.85 Total Capital Ratio 15.60 14.75 Non - Performing Assets/Total Assets 0.17 0.41 Allowance for Loan Losses 1.40 1.26 * Peer data consists of the Corporation’s strategic pl
Slide 31: First Quarter 2022 Results (Unaudited)
First Quarter 2022 Results (Unaudited) Earnings: $3.2 million, down $1,303,000, or 29.2%. - Significant non - recurring items in 2021 ROA: 0.76% ROE: 9.82% Net Interest Income: Up $1,042,000, or 10.8% Net Interest Margin: 2.73% Loan Growth: 12.90% over 3/31/21 balances
Slide 32: Voting Results
Voting Results Presented by: Adrienne L. Miller, Esq. Corporate Secretary - ENB Financial Corp • Reading of the Election Report concerning the four proposals
Slide 33: Questions & Answers
Questions & Answers
Slide 34: 2021 Annual Shareholder Meeting
2021 ANNUAL SHAREHOLDER MEETING: May 10, 2022. ENB Financial Corp