Finward Bancorp · NASDAQ:FNWD
Finward Bancorp — Hovde Financial Services Conference 2024
17 slides from Finward Bancorp's conference presentation, November 2024
Slide 1: Hovde Financial Services Conference
Symbol: FNWD (NASDAQ-Traded) Hovde Financial Services Conference November 7-8, 2024
Slide 2: Important Information
November 2024 Important Information Forward-Looking Statements This presentation may contain forward-looking statements regarding the financial performance, business prospects, growth and operating strategies of Finward Bancorp (“FNWD”). For these statements, FNWD claims the protections of the safe
Slide 3: Finward Outlook
November 2024 Finward Outlook ✓ Track Record of Expanding Relationship-Based Banking ▪ Community-focused across desirable markets in Northwest Indiana and well-diversified into Chicagoland area ▪ Have grown the bank from $776 million to $2.1 billion in assets over the last 10 years (10.3% CAGR) ▪ De
Slide 4: Overview of Finward Bancorp
November 2024 Overview of Finward Bancorp Company Overview Branch Map ▪ Finward serves as the holding company for Peoples Bank, a FNWD (26) 114-year-old bank headquartered in Munster, Indiana ▪ Community bank with meaningful presence in the Chicago city market and Chicagoland suburban market ▪ Commi
Slide 5: Executive Management Team
November 2024 Executive Management Team Years of Banking Year Started at Officer Experience Finward Bancorp Position with Company ▪ Multi-generational leadership Benjamin J. team with decades of 14 2010 Chief Executive Officer Bochnowski combined experience working together Robert T. Executive VP &
Slide 6: Net Interest Margin
November 2024 Net Interest Margin Net Interest Margin ($ Millions) Margin Outlook Net Interest Income Net Interest Margin - Tax Equivalent (1) ▪ The tax-adjusted net interest margin (a non-GAAP measure) for the three months ended September 30, 2024, was 2.67%, compared to 2.87% 2.67% for the three m
Slide 7: Funding
November 2024 Funding Total Interest-Bearing Liabilities ($ Millions) Total Deposits – 3rd Quarter 2024 Total Deposits Repurchase Agreements and Borrowings Non-Interest $148 $118 $128 Checking, 5.5% $131 $128 $1,784 $1,813 $1,747 $1,757 $1,749 Interest CD's, 32.1% Checking, 27.6% Money Market, Savin
Slide 8: Investment Securities
November 2024 Investment Securities Total Securities ($ millions) Total Securities – 3rd Quarter 2024 Securities Market Value Yield on Securities Collateralized US Agency, 2.3% debt CMO, 2.57% obligations, 2.41% 2.37% 2.43% 2.37% 7.3% 0.4% $371 $339 $346 $340 $350 MBS, 26.0% Munis, 63.9% Q3-23 Q4-23
Slide 9: Total Loans
November 2024 Total Loans Total Loans ($ millions) Total Loans – 3rd Quarter 2024 Other, 0.2% Commercial business, 6.4% Government, 0.9% $1,528 $1,513 $1,508 $1,506 $1,511 Consumer, 0.1% Manufactured Residential real Homes, 2.1% estate, 31.2% Multifamily, 14.4% Construction and land Commercial real
Slide 10: Commercial Loans
November 2024 Commercial Loans Strong Commercial Loan Portfolio CRE Owner Occupied ($237.1 Million) ▪ Well diversified commercial loan portfolio driven by relationship- Arts, Entertainment, and Recreation, 3.8% Health Care and Social based approach in known markets through Northwest Indiana and Admi
Slide 11: Asset Quality Summary
November 2024 Asset Quality Summary ▪ At September 30, 2024, non-performing loans totaled $13.8 million (0.92% of loans), compared to $11.4 million at June 30, 2024 (0.76% of loans), an increase of $2.4 million due primarily to a long-monitored single commercial business relationship transition to n
Slide 12: Diversified Sources of Fee Income
November 2024 Diversified Sources of Fee Income Non-Interest Income Business NII Breakout – 3rd Quarter 2024 Fees and Service Charges Wealth Management Gain on Sale of Loans Boli Other Boli, 7.1% Other, 3.6% $2.8 $2.9 $2.6 $0.1 Gain on Sale of $2.4 $0.0 $0.2 $0.0 $0.2 $0.0 $2.1 $0.2 Loans, 10.7% $0.
Slide 13: Ongoing Expense Management
November 2024 Ongoing Expense Management Total Branches Non-Interest Expense Ratio Deposits per Branch Active Branches Total Non-Interest Expense NIE / Avg Assets 31 2.96% 3.05% 2.86% 2.82% 26 26 2.65% 22 22 $62.1 $55.2 $69,746 $67,262 $46.6 $65,191 $43.9 $59,195 $40.8 $57,258 2020 2021 2022 2023 Q3
Slide 14: Capital Levels
November 2024 Capital Levels Tangible Book Value per Diluted Share Bank-Level Tier 1 Leverage Ratio (1) Tangible Book Value per Diluted Share Adjusted for AOCI Tangible Book Value per Diluted Share 8.38% 8.32% 8.24% $40.31 $42.36 $42.33 $42.47 $39.96 $29.30 $31.28 $28.31 $28.67 7.80% 7.78% $21.63 Q3
Slide 15: Thank You
THANK YOU BANCORP
Slide 16: Appendix
APPENDIX BANCORP
Slide 17: Non-GAAP Reconciliation
November 2024 Non-GAAP Reconciliation 17
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