Norwood Financial Corp. · NASDAQ:NWFL
Norwood Financial — Investor Presentation (September 2023)
16 slides from Norwood Financial's investor presentation, Sep 30, 2023
Slide 1: Norwood Financial Corp Investor Presentation
Norwood Financial Corp Investor Presentation September 30, 2023
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, September 30, 2023 Balance Sheet Total Assets of $2.2 billion • Increase of $161 million over last twelve months • Increase of $133 million in 2023 Total Loans of $1.6 billion • Increase of $179 million over last twelve months • Increase of $137 million in 2023 Total Deposits o
Slide 4: Financial Highlights: Loan Portfolio
Financial Highlights, September 30, 2023 Loan Portfolio Commercial Loans • Increase of $59 million over last twelve months • Increase of $50 million in 2023 Consumer Loans • Increase of $99 million over last twelve months • Increase of $70 million in 2023 Residential Mortgages • Increase of $21 mill
Slide 5: Financial Highlights: Deposits
Financial Highlights, September 30, 2023 Deposits Demand Deposits • Decrease of $23 million over last twelve months • Decrease of $4 million in 2023 NOW, Money Market, Savings • Decrease of $156 million over last twelve months • Decrease of $98 million in 2023 CD’s • Increase of $158 million over la
Slide 6: Financial Highlights: Net Income
Financial Highlights, September 30, 2023 Net Income $35,000 $30,000 $29,233 $25,000 $24,915 $20,000 $21,873 $15,000 $10,000 $5,000 2021 2022 2023 (Annualized)* $0 Net Income *9 months Annualized
Slide 7: Financial Highlights: Peer Comparison
Financial Highlights, September 30, 2023 Peer Comparison WAYNE BANK NATIONAL PEER Return on Assets 1.03% 1.11% Return on Equity 13.30% 12.88% Dividend Payout 41.85% 28.93% Ratio Net Interest Margin 3.09% 3.40% Loans to Deposits 91.27% 82.03% Efficiency Ratio 60.62% 62.14% Overhead Expense 1.97% 2.40
Slide 8: A Well Diversified Loan Portfolio: Loan Portfolio Categories
A Well Diversified Loan Portfolio Loan Portfolio Categories 16% Residential Rentals Commercial Rentals* 40% Agricultural RE 18% Hotels/Motels *7 individual Fuel/Gas Stations Office Loans Wineries for $5MM representing Consumer Loans 6% .3% of total loans 3% 7% 10%
Slide 9: A Well Diversified Loan Portfolio: Loan Portfolio By Industry
A Well Diversified Loan Portfolio Loan Portfolio By Industry % of total loans All others 53.85% Commercial rentals 9.51% Residential rentals 8.44% Hotels/motels 5.56% Mobile home park 4.84% Fuel/gas stations 3.67% Builders/contractors 3.52% Dairy cattle/milk production 3.10% Camps 1.65% Government s
Slide 10: Credit Performance: Total Loans vs. Past Dues
Credit Performance Total Loans Vs. Percentage of Past Dues (> 30 days) $1,650,000,000.00 1.00% 0.90% $1,600,000,000.00 0.80% 0.70% $1,550,000,000.00 0.60% $1,500,000,000.00 0.50% 0.40% $1,450,000,000.00 0.30% 0.20% $1,400,000,000.00 0.10% $1,350,000,000.00 0.00% 10/1/2022 11/1/2022 12/1/2022 1/1/202
Slide 11: Deposit Mix: Deposit Growth
Deposit Mix 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 $17,000.00 1/2023 2/202
Slide 12: Deposit Mix: Deposit Growth Comparison
Deposit Mix Deposit Growth Comparison $550 $940,000,000 $500 $938,000,000 $450 $936,000,000 $400 Millions $934,000,000 $350 $932,000,000 $300 $930,000,000 $250 $928,000,000 $200 $150 $926,000,000 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Business Public Funds Consumer
Slide 13: A Legacy of Creating Shareholder Value: The Facts
A Legacy of Creating Shareholder Value The Facts • 31 consecutive years of increases in cash dividends per share ✓ Most recent quarterly dividend of $.29/share payable on November 1, 2023 • Market valuation metrics: ✓ Price/LTM EPS: 8.8X ✓ Price/book: 121% ✓ Price/tangible book: 146% • Average daily
Slide 14: In the Russell 3000 Index
A Legacy of Creating Shareholder Value In the Russell 3000® Index • NWFL entered the Russell 3000® Index on 6/23/2023. • On 6/23/2023, NWFL had the highest level of stock trades in a single day in its history. • The Russell 3000® Index encompasses and tracks the performance of the 3,000 largest trad
Slide 15: 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, which is up from #71 rank in 2022 • Evaluated on profitability, capital adequ
Slide 16: A Top 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.
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