Norwood Financial Corp. · NASDAQ:NWFL
Norwood Financial — Investor Presentation (March 2024)
16 slides from Norwood Financial's investor presentation, March 2024
Slide 1: Norwood Financial Corp Investor Presentation
Norwood Financial Corp Investor Presentation December 31, 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, December 31, 2023 Balance Sheet Total Assets of $2.2 billion • Increase of $154 million, or 7.5%, in 2023 Total Loans of $1.6 billion • Increase of $130 million, or 8.8%, in 2023 Total Deposits of $1.8 billion • Increase of $67 million, or 3.9%, in 2023
Slide 4: Financial Highlights: Loan Portfolio
Financial Highlights, December 31, 2023 Loan Portfolio Commercial Loans • Increase of $48 million, or 4.9%, in 2023 Consumer Loans • Increase of $64 million, or 32.1%, in 2023 Residential Mortgages • Increase of $18 million, or 5.9%, in 2023
Slide 5: Financial Highlights: Deposits
Financial Highlights, December 31, 2023 Deposits Demand Deposits • Decrease of $35 million, or 8.0%, in 2023 Non-Maturity, Interest-Bearing Deposits • Decrease of $103 million, or 13.0%, in 2023 Time Deposits • Increase of $205 million, or 40.8%, in 2023
Slide 6: Financial Highlights: Net Income
Financial Highlights, December 31, 2023 Net Income $35,000 $30,000 $29,233 $24,915 $25,000 $20,000 $16,759 $15,000 $10,000 $5,000 2021 2022 2023 $0 Net Income • 2023 results were down due to the decrease in Net Interest Income and a large credit charge off. While no assurances can be given, no furth
Slide 7: Financial Highlights: Peer Comparison
Financial Highlights, December 31, 2023 Peer Comparison WAYNE BANK NATIONAL PEER Return on Assets 0.79% 1.02% Return on Equity 10.13% 11.62% Dividend Payout Ratio 54.60% 34.39% Net Interest Margin 3.06% 3.39% Loans to Deposits 88.20% 83.44% Efficiency Ratio 60.65% 62.41% Overhead Expense Ratio 1.96%
Slide 8: A Well Diversified Loan Portfolio: Loan Portfolio Categories
A Well Diversified Loan Portfolio Loan Portfolio Categories 15% Residential Rentals Commercial Rentals* 40% Agricultural RE 18% Hotels/Motels *7 individual Fuel/Gas Stations Office Loans for $5MM Wineries representing Consumer Loans 6% .3% of total loans 3% 11% 7%
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 57.15% • This chart shows the breakdown of Wayne Commercial rentals 9.62% Bank’s concentration of Residential rentals 7.81% credit for those industries that make up over 10% of Hotels/motels 5.68% its capital. F
Slide 10: Credit Performance: Total Loans vs. Percentage of Past Dues
Credit Performance Total Loans Vs. Percentage of Past Dues (> 30 days) $1,620,000,000.00 10.00% $1,600,000,000.00 9.00% 8.00% $1,580,000,000.00 7.00% $1,560,000,000.00 6.00% $1,540,000,000.00 5.00% $1,520,000,000.00 4.00% $1,500,000,000.00 3.00% $1,480,000,000.00 2.00% $1,460,000,000.00 1.00% $1,440
Slide 11: Deposit Mix: Deposit Growth
Deposit Mix Deposit Growth $1,860,000,000 $17,800 $1,840,000,000 $17,700 $1,820,000,000 $17,600 $1,800,000,000 $17,500 Dollars in billions $1,780,000,000 $17,400 $1,760,000,000 $17,300 $1,740,000,000 $17,200 $1,720,000,000 $17,100 $1,700,000,000 $17,000 1/2023 2/2023 3/2023 4/2023 5/2023 6/2023 7/20
Slide 12: Deposit Mix: Deposit Growth Comparison
Deposit Mix Deposit Growth Comparison $550 $980 $500 $970 $450 $960 Dollars in millions Dollars in millions $400 $950 $350 $940 $300 $930 $250 $920 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Business Public Funds Consumer • Public funds decreased 4.99% as pan
Slide 13: A Legacy of Creating Shareholder Value: The Facts
A Legacy of Creating Shareholder Value The Facts • 32 consecutive years of increases in cash dividends per share ✓ Most recent quarterly dividend of $.30/share paid on February 1, 2024 • Market valuation metrics: ✓ Price/LTM EPS: 15.8X ✓ Price/book: 143% ✓ Price/tangible book: 170% • Average daily t
Slide 14: In the Russell 2000 Index
A Legacy of Creating Shareholder Value In the Russell 2000® Index • NWFL entered the Russell 2000® 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 2000® Index encompasses and tracks the performance of the 2,000 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. • Evaluated on profitability, capital adequacy, asset quality, and total shar
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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