Norwood Financial Corp. · NASDAQ:NWFL
Norwood Financial — Investor Presentation (May 2024)
15 slides from Norwood Financial's investor presentation, May 20, 2024
Slide 1: Norwood Financial Corp Investor Presentation March 31, 2024
Norwood Financial Corp Investor Presentation March 31, 2024 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, March 31, 2024 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 $86 million, or 5.6%, ov
Slide 4: Financial Highlights: Loan Portfolio
Financial Highlights, March 31, 2024 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 Loan Portfolio
Slide 5: Financial Highlights: Deposits
Financial Highlights, March 31, 2024 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 Deposits
Slide 6: Financial Highlights: Net Income
Financial Highlights, March 31, 2024 $29,233 $16,759 $17,732 Net Income As of March 31, 2024, our Allowance for Credit Losses represented 1.11% of total loans outstanding and was 483% of total nonperforming loans. *3 months Annualized
Slide 7: A Well Diversified Loan Portfolio: Categories
A Well Diversified Loan Portfolio Loan Portfolio Categories *7 individual Office Loans for $5MM representing .3% of total loans
Slide 8: A Well Diversified 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 37.17% Retail Loans and 20.43% other Commercial Loan industries. The 37.19
Slide 9: Credit Performance
Credit Performance Total Loans Vs. Percentage of Past Dues (> 30 days)
Slide 10: Deposit Mix: Deposit Growth
Deposit Mix Deposit Growth Total deposits in the banking industry decreased by 1.09% in the past twelve months Wayne Bank grew deposits by 7.14% in the past twelve months Banking Industry Source: Board of Governors of the federal Reserve System (US) via fred.stlouisfed.org
Slide 11: Deposit Mix: Deposit Growth Comparison
Deposit Mix Deposit Growth Comparison Public funds decreased by 7.54% Business deposits increased by 3.31% Consumer deposits increase by 2.81%
Slide 12: 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 May 1, 2024 Market valuation metrics: Price/LTM EPS: 12.6X Price/book: 111% Price/tangible book: 133% Average daily trading volume of nearly 11,00
Slide 13: A Legacy of Creating Shareholder Value: In the Russell 2000 Index
A Legacy of Creating Shareholder Value 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 market capitalization. In the Russell
Slide 14: 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 15: 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