Norwood Financial Corp. · NASDAQ:NWFL
Norwood Financial — Investor Presentation (March 2024)
16 slides from Norwood Financial's investor presentation, Mar 1, 2024
Slide 1: Norwood Financial Corp Investor Presentation December 31, 2023
Norwood Financial Corp Investor Presentation December 31, 2023 Exhibit 99.1
Slide 2: Forward Looking Statements & Disclaimers
The information disclosed in this document includes various forward-looking statements that are made by Norwood Financial Corp (the “Company”) in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words “anticipates,” “projects,” “intends,” “estimat
Slide 3: Financial Highlights: Balance Sheet
Financial Highlights, December 31, 2023 Total Assets of $2.2 billion Increase of $154 million, or 7.5%, in 2023 Total Loans of $1.6 billion Increase of $130 million, or 8.8%, in 2023 Total Deposits of $1.8 billion Increase of $67 million, or 3.9%, in 2023 Balance Sheet
Slide 4: Financial Highlights: Loan Portfolio
Financial Highlights, December 31, 2023 Commercial Loans Increase of $48 million, or 4.9%, in 2023 Consumer Loans Increase of $64 million, or 32.1%, in 2023 Residential Mortgages Increase of $18 million, or 5.9%, in 2023 Loan Portfolio
Slide 5: Financial Highlights: Deposits
Financial Highlights, December 31, 2023 Demand Deposits Decrease of $35 million, or 8.0%, in 2023 Non-Maturity, Interest-Bearing Deposits Decrease of $103 million, or 13.0%, in 2023 Time Deposits Increase of $205 million, or 40.8%, in 2023 Deposits
Slide 6: Financial Highlights: Net Income
Financial Highlights, December 31, 2023 $24,915 $29,233 $16,759 Net Income 2023 results were down due to the decrease in Net Interest Income and a large credit charge off. While no assurances can be given, no further losses are expected from the credit that was charged off. As of December 31, 2023,
Slide 7: Financial Highlights: Peer Comparison
Financial Highlights, December 31, 2023 WAYNE BANK NATIONAL PEER Return on Assets 0.79% 1.02% Return on Equity 10.13% 11.62% Dividend Payout Ratio 54.60% 34.39% Net Interest Margin 3.06% 3.39% Loans to Deposits 88.20% 83.44% Efficiency Ratio 60.65% 62.41% Overhead Expense Ratio 1.96% 2.40% Average Y
Slide 8: A Well Diversified Loan Portfolio: Loan Portfolio Categories
A Well Diversified Loan Portfolio Loan Portfolio Categories *7 individual Office Loans for $5MM representing .3% of total loans
Slide 9: A Well Diversified Loan Portfolio: Loan Portfolio By Industry
A Well Diversified Loan Portfolio Loan Portfolio By Industry This chart shows the breakdown of Wayne Bank’s concentration of credit for those industries that make up over 10% of its capital. The “All Others” category includes 37.19% Retail Loans and 19.96% other Commercial Loan industries. The 37.19
Slide 10: Credit Performance
Credit Performance Total Loans Vs. Percentage of Past Dues (> 30 days)
Slide 11: Deposit Mix: Deposit Growth
Deposit Mix Deposit Growth Total deposits in the banking industry decreased by 1.71% in 2023 Wayne Bank grew deposits by 2.98% in 2023 Banking Industry Source: Board of Governors of the federal Reserve System (US) via fred.stlouisfed.org
Slide 12: Deposit Mix: Deposit Growth Comparison
Deposit Mix Deposit Growth Comparison Public funds decreased 4.99% as pandemic related stimulus programs expired Consumer and business deposits increased by 3.83% and 7.74% respectively, in the same period
Slide 13: A Legacy of Creating Shareholder Value: The Facts
A Legacy of Creating Shareholder Value 32 consecutive years of increases in cash dividends per share Most recent quarterly dividend of $.30/share paid on February 1, 2024 Market valuation metrics: Price/LTM EPS: 15.8X Price/book: 143% Price/tangible book: 170% Average daily trading volume of nearly
Slide 14: A Legacy of Creating Shareholder Value: In the Russell 2000 Index
A Legacy of Creating Shareholder Value NWFL entered the Russell 2000® Index on 6/23/2023. On 6/23/2023, NWFL had the highest level of stock trades in a single day in its history. The Russell 2000® Index encompasses and tracks the performance of the 2,000 largest traded U.S. stocks, based on market c
Slide 15: A Top 25 Best U.S. Bank
A Legacy of Creating Shareholder Value Ranked #20 in the Top 25 Banks in the U.S. by Bank Director Magazine. Also ranked #10 out of 122 banks in the $2 billion to $5 billion asset size category. Evaluated on profitability, capital adequacy, asset quality, and total shareholder return. A Top 25 Best
Slide 16: A Top 100 Performing U.S. Bank
A Legacy of Creating Shareholder Value Ranked #84 out of 200 banks in the $2 billion to $10 billion asset size category by American Banker. Evaluated on profitability, efficiency, capital adequacy, and asset quality based on a 3-year average return. A Top 100 Performing U.S. Bank
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