Norwood Financial Corp. · NASDAQ:NWFL
Norwood Financial — Investor Presentation (May 2024)
15 slides from Norwood Financial's investor presentation, May 2024
Slide 1: Norwood Financial Corp Investor Presentation
Norwood Financial Corp Investor Presentation March 31, 2024
Slide 2: Forward Looking Statements & Disclaimers
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 “anti
Slide 3: Financial Highlights: Balance Sheet
Financial Highlights, March 31, 2024 Balance Sheet Total Assets of $2.3 billion • Increase of $59 million, or 10.8% annualized, in 2024 • Increase of $156 million, or 7.4%, over the last twelve months Total Loans of $1.6 billion • Increase of $18 million, or 4.5% annualized, in 2024 • Increase of $8
Slide 4: Financial Highlights: Loan Portfolio
Financial Highlights, March 31, 2024 Loan Portfolio Commercial Loans • Increase of $18 million, or 7.4% annualized, in 2024 Consumer Loans • Increase of $7 million, or 10.5% annualized, in 2024 Residential Mortgages • Decrease of $7 million in 2024
Slide 5: Financial Highlights: Deposits
Financial Highlights, March 31, 2024 Deposits Non-Interest Bearing Demand Deposits • Decrease of $16 million in 2024 Non-Maturity, Interest-Bearing Deposits • Increase of $11 million, or 6.4% annualized, in 2024 Time Deposits • Increase of $49 million, or 27.7% annualized, in 2024
Slide 6: Financial Highlights: Net Income
Financial Highlights, March 31, 2024 Net Income $35,000 $30,000 $29,233 $25,000 $20,000 $16,759 $17,732 $15,000 $10,000 $5,000 2024 2022 2023 (Annualized)* $0 Net Income • As of March 31, 2024, our Allowance for Credit Losses represented 1.11% of total loans outstanding and was 483% of total nonperf
Slide 7: A Well Diversified Loan Portfolio: Categories
A Well Diversified Loan Portfolio Loan Portfolio Categories 14% Residential Rentals Commercial Rentals* 41% Agricultural RE 18% Hotels/Motels *7 individual Fuel/Gas Stations Office Loans for $5MM Wineries representing 6% Consumer Loans .3% of total loans 3% 11% 7%
Slide 8: A Well Diversified Loan Portfolio: By Industry
A Well Diversified Loan Portfolio Loan Portfolio By Industry % of total loans All others 57.60% • This chart shows the breakdown of Wayne Commercial rentals 9.44% Bank’s concentration of Residential rentals 7.39% credit for those industries that make up over 10% of Hotels/motels 5.99% its capital. F
Slide 9: Credit Performance
Credit Performance Total Loans Vs. Percentage of Past Dues (> 30 days) $1,630,000,000.00 10.00% $1,620,000,000.00 9.00% $1,610,000,000.00 8.00% $1,600,000,000.00 7.00% $1,590,000,000.00 6.00% $1,580,000,000.00 5.00% $1,570,000,000.00 4.00% $1,560,000,000.00 3.00% $1,550,000,000.00 2.00% $1,540,000,0
Slide 10: Deposit Growth
Deposit Mix Deposit Growth Deposit Growth $1,860,000,000.00 $17,800.00 $1,840,000,000.00 $17,700.00 $1,820,000,000.00 $17,600.00 $1,800,000,000.00 $17,500.00 $1,780,000,000.00 $17,400.00 $1,760,000,000.00 $17,300.00 $1,740,000,000.00 $17,200.00 $1,720,000,000.00 $17,100.00 $1,700,000,000.00 $17,000.
Slide 11: Deposit Growth Comparison
Deposit Mix Deposit Growth Comparison Deposit Growth Comparison $550 $980 $500 $970 Dollars in millions $450 $960 Dollars in millions $400 $950 $350 $940 $300 $930 $250 $920 Business Public Funds Consumer • Public funds decreased by 7.54% • Business deposits increased by 3.31% • Consumer deposits in
Slide 12: A Legacy of Creating Shareholder Value: The Facts
A Legacy of Creating Shareholder Value The Facts • 32 consecutive years of increases in cash dividends per share ✓ Most recent quarterly dividend of $.30/share paid on May 1, 2024 • Market valuation metrics: ✓ Price/LTM EPS: 12.6X ✓ Price/book: 111% ✓ Price/tangible book: 133% • Average daily tradin
Slide 13: In the Russell 2000 Index
A Legacy of Creating Shareholder Value In the Russell 2000® Index • NWFL reentered the Russell 2000® Index in 2023. • NWFL is expected to remain in the Russell 2000® Index in 2024. • The Russell 2000® Index encompasses and tracks the performance of the 2,000 largest traded U.S. stocks, based on mark
Slide 14: A Top 25 Best U.S. Bank
A Legacy of Creating Shareholder Value A Top 25 Best U.S. Bank • 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 shar
Slide 15: A Top 100 Performing U.S. Bank
A Legacy of Creating Shareholder Value A Top 100 Performing U.S. Bank • 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.