Acnb Corporation · NASDAQ:ACNB
Acnb — Investor Presentation (August 2018)
25 slides from Acnb's investor presentation, Aug 8, 2018
Slide 1: Special Cautionary Notice Regarding Forward-Looking Statements
During the course of this presentation, there may be projections and forward-looking statements regarding events or the future financial performance of ACNB Corporation. We wish to caution you that these forward-looking statements involve certain risks and uncertainties, including a variety of facto
Slide 2: Presenters
Presenters Jim Helt, President & CEO Dave Cathell, EVP Chief Financial Officer Laurie Laub, EVP Chief Credit & Operations Officer Tom Rasmussen, EVP Market President
Slide 3: Company Profile
Company Profile Headquartered in Gettysburg, PA Stock Symbol: ACNB (Nasdaq) Market includes South Central Pennsylvania (Franklin, Cumberland, Adams, and York counties) and Central Maryland 29 locations in Pennsylvania and Maryland 14 locations in Adams 6 locations in York 2 locations in Franklin 1 l
Slide 4: Our Organization Today
Founded in 1857, the largest independent financial institution headquartered in Adams County, PA. Rank among top 15 banks headquartered in Pennsylvania by asset size. $1.62 billion in total assets* $1.25 billion in total loans* $1.33 billion in total deposits* $333 million in wealth management asset
Slide 5: ACNB Executive Management
ACNB Executive Management Name/Title Banking Experience Joined ACNB Bank Experience/Disciplines Prior Experience James P. Helt President & CEO 29 Years 2008 Strategy, Sales, Lending, Credit, Executive FB&T, Financial Trust, CMTY, SUSQ David W. Cathell EVP/Treasurer & CFO 40 Years 2005 Finance, Treas
Slide 6: Market Overview
Ranked #1 in Adams County market area with deposit market share of 53.55%*. ACNB Bank has the #1 deposit market share in 6 out of 13 defined market areas in PA*. Gettysburg Carroll Valley Upper Adams East Berlin McSherrystown Newville NWSB has posted 3-year and 5-year growth rates of 20.91% and 17.9
Slide 7: Growth Opportunities: Organic Strategies
Focused On Prudent Growth Through Both Organic And Inorganic Strategies Organic Strategies: Acquisition of top tier and experienced HR talent due to market disruption. Focused on balance sheet growth driven by loan growth via commercial lending. Expansion into new markets Loan Production Offices (Hu
Slide 8: Growth Opportunities: Inorganic Strategies
Focused On Prudent Growth Through Both Organic And Inorganic Strategies Inorganic Strategies: Strategically positioned in one of the fast growing regions along the East Coast, within a short drive of Baltimore, Philadelphia, and Washington, D.C. The southcentral PA and northern MD markets are home t
Slide 9: One Stop Financial Marketplace
One Stop Financial Marketplace Traditional Loan and Deposit Products Trust and Retail Investments Insurance Products The Successful Community Bank of the Future
Slide 10: Investment Considerations
Well established South Central Pennsylvania Community Bank. Experienced Management Team with strong operational ability. Financial performance historically above peers. Strategic plans in place to drive core earnings growth. Well positioned for future growth throughout market. Long-term investment f
Slide 11: Statement of Condition - Assets
Statement of Condition - Assets 6/30/18 Total Assets $1.623 billion- 29% year over year (Y-o-Y) growth Earning Assets Growth Loans +$277.1mm or 29% +$263.5mm from NW at merger date +$ 13.6mm net organic growth, 1% Investments +$10.3mm or 6% Short Term +$35.8 mm or 402% Total Assets growth+$361mm, $3
Slide 12: Statement of Condition - Funding
Statement of Condition - Funding 6/30/18 Total Deposits $1.334 billion Y-o-Y change Deposits + $333.8 mm or +33.4% $293.3 mm from NW at merger date $ 40.5 mm net organic growth 4% FHLB and term borrowings down -$6.0 mm or -6.3% Equity +$36.5mm or 29.4% $28.6mm stock issued to NW
Slide 13: Statement of Condition - Trends
Statement of Condition - Trends At Year-End in Millions of Dollars
Slide 14: Earnings – Year to Date June 30, 2018
Earnings – Year to Date June 30, 2018 NII Margin ROAA EPS Year to Date 2018 3.81% 1.31% $1.48 Year to Date 2017 3.38% .87% $.88 Net income $10.420 million – up 94% from 1st Half 2017 Net interest income up 43% $8.4mm- NW volume and purchase acctg adjustments (added 21 bps) NII margin 3.81% v. 3.38%
Slide 15: Net Income - Annual Trends
Net Income - Annual Trends At Year-End in Millions of Dollars *Non-GAAP Financial Measures Disclosure: Without the nonrecurring expenses incurred as a result of the acquisition and integration of New Windsor Bancorp, Inc., net of the corresponding tax impact at the marginal tax rate, in the amount o
Slide 16: Statement of Stockholders’ Equity
Statement of Stockholders’ Equity Total Equity - $160.3 M Up $6.3 million since 12/31/2017 $10.4 million in net income $-3.0 million dividends paid Retained net income (net of a dividend payout of 29%) of $7.4 million Dividends reinvested/cash (DRIP)/ Restricted stock $450k Change in other comprehen
Slide 17: Capital Ratios
Capital Ratios Capital is the “C” in CAMELS regulatory rating system Capital is measured by quantitative ratios Regulators also can apply qualitative judgments on the necessary capital levels ACNB Bank’s tier 1 leverage capital ratio increased on higher income and low asset growth ACNB Bank’s Common
Slide 18: Asset Quality
Asset Quality Asset quality is the “A” in CAMELS ALLL is calculated generally excluding NW loans acquired at 7/1/2017 Non performing loans manageable Non accrual/90+PD, lower @ $6.2 million $0 specific allocations $1.4 million net charge offs $570 thousand in additional provision Impaired loans @$7.
Slide 19: Russell Insurance Group Net Income - Annual Trends
Russell Insurance Group Net Income - Annual Trends
Slide 20: Wealth Management Assets
Wealth Management Assets At Year-End in Millions of dollars
Slide 21: Book Value Per Share
Book Value Per Share At Year-End Dollars
Slide 22: ACNB Stock - Dividends Per Share
ACNB Stock - Dividends Per Share Quarterly Dividends Paid Continuously Since 1962
Slide 23: ACNB Stock - Total Return Performance
ACNB Stock - Total Return Performance
Slide 24: Our Vision
Our Vision Vision Statement To be the independent financial services provider of choice in the core markets served by building relationships and finding solutions. Strategic Focus Enhance revenue sources to deliver continued solid performance to our shareholders. Control operating expenses by utiliz
Slide 25: Our Vision
Our Vision Vision Statement To be the independent financial services provider of choice in the core markets served by building relationships and finding solutions. Strategic Focus Y Enhance revenue sources to deliver continued solid performance to our shareholders. Y Control operating expenses by ut