ENB Financial Corp · OTC:ENBP
ENB Financial — Shareholder Meeting (May 2021)
29 slides from ENB Financial's shareholder meeting presentation, May 11, 2021
Slide 1: 8
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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 Adrienne L. Miller, Esq. Vice President and Corporate Secretary – ENB Financial Corp Senior Vice President and Legal Counsel – Ephrata National Bank Scott E. Lied, CPA Treasurer – ENB Financial Corp Executive Vice President and Chief Financial Officer – Ephrata National Bank Jeffrey S. St
Slide 4: Meeting Certification
Meeting Certification Presented by: Adrienne L. Miller, Esq. Corporate Secretary - ENB Financial Corp
Slide 5: Matters of Proxy
Matters of Proxy 1. Elect four (4) Class B directors to serve a 3-year term 2. Ratify the selection of S.R. Snodgrass, P.C. 3. To transact such other business as may properly be presented
Slide 6: Matters of Proxy
Matters of Proxy 1. Elect four (4) Class B directors to serve a 3-year term Election of Directors – Class B Willis R. Lefever Jay S. Martin Judith A. Weaver Roger L. Zimmerman
Slide 7: Continuing Directors
Continuing Directors Continuing Directors – Class C Joshua E. Hoffman Susan Y. Nicholas Mark C. Wagner Continuing Directors – Class A Aaron L. Groff, Jr. Dr. Brian K. Reed Jeffrey S. Stauffer
Slide 8: Voting Process
Voting Process Presented by: Adrienne L. Miller, Esq. 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: Jeffrey S. Stauffer President, CEO & Chairman of the Board - 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: COVID-19 Response
COVID-19 Response
Slide 14: A Continued Drive for Efficiency
A Continued Drive for Efficiency
Slide 15: Realigned Organizational Structure
Realigned Organizational Structure
Slide 16: Helping Customers & Communities through the Crisis
Helping Customers & Communities through the Crisis
Slide 17: Financial Results
Financial Results Presented by: Scott E. Lied, CPA Treasurer - ENB Financial Corp
Slide 18: 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 langu
Slide 19: Net Income
Net Income (in Thousands) 12,299 14,000 11,395 12,000 9,749 10,000 7,553 6,344 8,000 6,000 4,000 2,000 0 2016 2017 2018 2019 2020
Slide 20: Significant Items
Significant Items 2020 2019 Incr./Decr. Incr./Decr. Dollars in Thousands $ $ $ % Net Interest Income 38,248 36,618 1,630 4.5 Provision for Loan Loss 2,950 770 2,180 283.1 Other Income 8,777 8,871 (94) -1.1 Gains on the Sale of Mortgages 5,850 1,936 3,914 202.2 Security Gains 733 499 234 46.9 Operati
Slide 21: 2020 Balance Sheet Growth
2020 Balance Sheet Growth Total Assets up $290.6 million + 24.8% Total Loans up $69.8 million + 9.3% - Originated $78 million in PPP Loans Total Deposits up $278.7 million + 28.6% Total Capital up $13.5 million + 11.6%
Slide 22: Performance Ratios
Performance Ratios 2020 2019 2018 % % % Return on Average Assets (ROA) 0.96 1.01 0.93 Return on Average Equity (ROE) 10.16 10.36 9.94 Net Interest Margin 3.24 3.53 3.46 Efficiency Ratio 67.19 69.82 71.58
Slide 23: Per Share Data
Per Share Data 2020 2019 2018 Earnings Per Share $2.20 $2.01 $1.71 Dividends Per Share $0.64 $0.62 $0.58 Dividend Payout Ratio 29.09% 30.85% 33.63%
Slide 24: 2020 Peer Analysis
2020 Peer Analysis ENBP PA Bank Peer* Measurement % % Return on Average Assets LTM 0.96 0.93 Return on Average Equity 10.16 9.70 Price to Earnings LTM 8.45 10.48 Price to Book 0.80 0.88 Dividend Yield 3.44 3.63 *Data as of December 31, 2020 from the Corporation’s select peer group consisting of 10 p
Slide 25: 2020 Peer Analysis
2020 Peer Analysis ENBP PA Bank Peer* Measurement % % Tangible Capital to Assets 8.90 9.59 Tier 1 Ratio 12.80 13.01 Total Capital Ratio 16.10 15.39 Efficiency Ratio (Adjusted) 67.19 61.93 Non-Performing Assets/Total Assets 0.14 0.77 Allowance for Loan Losses 1.50 1.12
Slide 26: First Quarter 2021 Results
First Quarter 2021 Results (Unaudited) Earnings: $4.5 million, Up $2,339,000, or 108.0%. Mortgage Gains: $1,930,000 vs. $541,000 Net Interest Margin: 2.86% Net Interest Income: Up $463,000, or 5.0% ROA: 1.24% ROE: 14.03%
Slide 27: Voting Results
Voting Results Presented by: Adrienne L. Miller, Esq. Corporate Secretary - ENB Financial Corp
Slide 28: Questions & Answers
Questions & Answers
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