Western New England Bancorp, Inc. · NASDAQ:WNEB
Western New England Bancorp — Westfield Financial — Shareholder Meeting (May 2013)
19 slides from Western New England Bancorp's shareholder meeting presentation, May 16, 2013
Slide 1: Westfield Financial, Inc. Annual Meeting of Shareholders May 16, 2013
WESTFIELD FINANCIAL, INC. ANNUAL MEETING OF SHAREHOLDERS MAY 16, 2013
Slide 2: Forward-Looking Statements
FORWARD – LOOKING STATEMENTS Today’s presentation may contain “forward-looking statements” which may be identified by the use of such words as “believe,” “expect,” “anticipate,” “should,” “planned,” “estimated,” and “potential.” Examples of forward-looking statements include, but are not limited to,
Slide 3: Welcome – James C. Hagan, President and CEO
WELCOME JAMES C. HAGAN PRESIDENT AND CHIEF EXECUTIVE OFFICER
Slide 4: Overview and Strategy
OVERVIEWAND STRATEGY Our markets are poised for significant recovery as the economy improves. Large banks are not focused on small and mid-sized consumers and businesses. Grow our business by focusing on our strengths and leveraging our capital. Focus on new markets and products. Focus on C&I and CR
Slide 5: Granby Banking Center
GRANBY BANKING CENTER 10 Hartford Ave Route 189 Granby, CT Near the junction of Routes 189, 10/ 202 and 20 7.5 miles from the Southwick Office 13 miles from The Main Office
Slide 6: Granby Banking Center
GRANBY BANKING CENTER Team: Commercial Lender, Residential Lender (Tom Glynn), Branch Manager and Branch Team. Technology: Deposit Image ATM, Cash Recycler. The only bank with a presence in the Granby, Southwick and surrounding area. Competitors: Bank of America, Simsbury Bank, Windsor Federal Savin
Slide 7: Technology Enhancements
TECHNOLOGY ENHANCEMENTS WB APP iPhone, iPad and Android Operating Systems 34% adoption rate
Slide 8: 160th Anniversary
160TH ANNIVERSARY Bank Chartered April 15, 1853 First Deposit July 1, 1853
Slide 9: Selected Financial Highlights
SELECTED FINANCIAL HIGHLIGHTS LEO R. SAGAN JR., CHIEF FINANCIAL OFFICER
Slide 10: Solid Performance in 2012
SOLID PERFORMANCE IN 2012 Continue to generate positive earnings: 2012 Net Income of $6.3 million or $0.26 per share, up from $0.22 in 2011 1st Q 2013 Net Income of $1.8 million, or $0.08 per share Loan Growth of $41 million or 7.4% for 2012 Credit Quality remains strong: Nonperforming loans of 0.51
Slide 11: Total Deposits
TOTAL DEPOSITS $ in millions 588 648 700 733 753 772 2008 2009 2010 2011 2012 Mar-13
Slide 12: Our Current Deposit Market
OUR CURRENT DEPOSIT MARKET CITIES & TOWNS WHERE WE HAVE BRANCHES Bank Name Branches Deposits 06/30/2012 Market Share 1TD Bank National Association 13 1,045,617 18.26% 2United Bank 11 796,686 13.91% 3Westfield Bank 11 748,216 13.07% 4PeoplesBank 10 713,799 12.46% 5Bank of America, NA 13 693,999 12.12
Slide 13: Total Loans
TOTAL LOANS $ in millions 481 477 509 554 595 596 2008 2009 2010 2011 2012 Mar-13
Slide 14: Commercial Business Lending
COMMERCIAL BUSINESS LENDING C&I Loans as % of Total Loans All public banks in New England between $500 million and $ 5 billion in total assets (1) As of 12/31/ 2012 or the most recent quarter for which regulatory filings are available; excludes NBN which has unique business plan Source: Company SEC
Slide 15: Capital Management: A Combination of Four Initiatives
CAPITAL MANAGEMENT A COMBINATION OF FOUR INITIATIVES Fund organic growth. Repurchase stock shares of our common stock. Pay dividends to shareholders. Finance acquisitions. We try to effectively balance leveraging our capital to earn a return on our shareholders’ investment versus returning the capit
Slide 16: Effectively Leveraging Capital
EFFECTIVELY LEVERAGING CAPITAL SHAREHOLDERS’ EQUITY TO ASSETS 23.44% 20.76% 17.85% 17.34% 14.50% 13.70% 2008 2009 2010 2011 2012 Mar-13
Slide 17: Capital Management: Cumulative Return of Capital
CAPITAL MANAGEMENT CUMULATIVE RETURN OF CAPITAL SINCE SECOND STEP CONVERSION Percentages at top of bars represent cumulative return of capital via dividends and repurchases as a percentage of net proceeds from second step conversion. 12,075 40,503 68,788 99,210 123,586 166,038 174,385 7.0% 23.6% 40.
Slide 18: Total Return Performance
TOTAL RETURN PERFORMANCE THREE YEAR TOTAL RETURN VERSUS SNL THRIFT INDEX WFD SNL U.S. Thrift * Source: SNL Financial, data as of close of business May 13, 2013.
Slide 19: Thank You
Thank You Be 160 Cfears!