Norwood Financial Corp. · NASDAQ:NWFL
Norwood Financial — Janney West Coast Bank CEO Forum (February 2023)
16 slides from Norwood Financial's conference presentation, Feb 1, 2023
Slide 1: Norwood Financial Corp Investor Presentation
Norwood Financial Corp Investor Presentation February 1, 2023 Janney West Coast Bank CEO Forum Exhibit 99.1
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 “ant
Slide 3: Corporate Snapshot
Corporate Snapshot Source: Company reports and S&P Capital IQ Pro Norwood Financial Corp (NWFL: Nasdaq Global Market) Bank subsidiary is Wayne Bank opened in 1871 (operating for 151 years), headquartered in Wayne County, Pennsylvania 29 Community Offices across ten counties in Northeastern Pennsylva
Slide 4: Who We Are and What We Stand For
Who We Are and What We Stand For Source: Norwood Financial Corp Our Mission Statement “Helping the community grow by serving businesses and their employees.” Our Core Values We believe in lending money to the local businesses and residents within the communities we serve. We believe in funding those
Slide 5: A Leading Market Share in a Sizable, Quality Market
A Leading Market Share in a Sizable, Quality Market Source: S&P Capital IQ Pro and FDIC, deposit market share as of June 30, 2022 The Wayne Bank primary market of ten counties is home to 1.2 million people and is projected to grow by 2.69% between 2022 and 2027. The average household income is proje
Slide 6: Financial Highlights, Q4 2021 vs. Q4 2022
Financial Highlights, Q4 2021 vs. Q4 2022 Source: S&P Capital IQ Pro, Company reports (dollars in thousands, except per share data) Q4 2021 Q4 2022 YOY Change Balance Sheet and Capital Adequacy Total loans $1,354,931 $1,473,945 $119,014 Total assets $2,068,504 $2,047,070 ($21,434) Total deposits $1,
Slide 7: A Well Diversified Loan Portfolio
A Well Diversified Loan Portfolio Source: Company reports Loan portfolio presented as of September 30, 2022 Total loans of $1.433 billion
Slide 8: A Long-Term Focus on Credit Quality
A Long-Term Focus on Credit Quality Source: Company reports, S&P Capital IQ Pro Allowance for loan losses as of December 31, 2022 of $17.0 million Non-performing assets comprised of $1.1 million of non-accrual loans and $346 thousand of OREO Loans designated as purchased credit impaired continue to
Slide 9: A Favorable, Low-Cost Deposit Mix
A Favorable, Low-Cost Deposit Mix Source: S&P Capital IQ Pro, Company reports Total deposits of $1.8 billion as of September 30, 2022 Deposit betas generally performing in line with expectations
Slide 10: Prudent Management of Liquidity
Prudent Management of Liquidity Source: S&P Capital IQ Pro, Company reports $505 million in available for sale (AFS) securities No evidence of credit quality issues No securities designated as held to maturity Diligent management of the loan pipeline $250 million in unfunded commitments under lines
Slide 11: Strong and Sustained Financial Performance
Strong and Sustained Financial Performance Source: S&P Capital IQ Pro and Company reports *For the LTM ending September 30, 2022
Slide 12: Skilled and Thoughtful Acquiror
Skilled and Thoughtful Acquiror Source: S&P Capital IQ Pro, Company reports $1 billion in total assets from three successful acquisitions in markets adjacent to the core geography Acquisitions supplement organic growth North Penn Bancorp, Inc. Closed May 31, 2011 $27 million deal (124% price/book) A
Slide 13: A Legacy of Creating Shareholder Value
A Legacy of Creating Shareholder Value Source: S&P Capital IQ Pro; data for 2022 is for the LTM ended September 30, 2022 10% stock dividend in 2013 50% stock dividend in 2017 Total return of 1,171.5% between October 11, 1995 and November 22, 2022 27 consecutive years of increases in cash dividends p
Slide 14: Our Strategies Connect Our Past to Our Future
Our Strategies Connect Our Past to Our Future Source: Norwood Financial Corp Our Past Our Now Our Future Focused on a limited number of local communities Personalized services provided in person Getting to “yes” for our business clients Generating solid financial performance and operating metrics Ef
Slide 15: Investment Thesis and Concluding Thoughts
Investment Thesis and Concluding Thoughts Source: Bank Director.com; Company reports Top quartile financial performance relative to peers (and ranked by Bank Director as one of the Top 100 performing banks in the U.S.) Earnings accretive acquisitions to add additional scale and human capital to the
Slide 16: Our Contact Information
Our Contact Information For more information regarding the Company: Norwood Financial Corp Investor Relations 717 Main Street Honesdale, Pennsylvania 18431 www.wayne.bank info@waynebank.com James O. Donnelly (“Jim”) President & Chief Executive Officer jim.donnelly@waynebank.com Direct line: (570) 25
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