ENB Financial Corp · OTC:ENBP
ENB Financial — Shareholder Meeting (May 2020)
37 slides from ENB Financial's shareholder meeting presentation, May 5, 2020
Slide 1: 2020 Annual Shareholder Meeting
2020 Annual Shareholder Meeting May 5, 2020 ENB Financial Corp
Slide 2: Agenda
Agenda • Welcome • Reading of the Minutes • Certify Voting Activity • Vote on Matters of the Proxy Statement • Discussion of Company Condition – President’s Remarks – Financial Review • Questions & Answers • Voting Results • Adjournment
Slide 3: Presenters
Presenters Jeffrey S. Stauffer President and CEO – ENB Financial Corp and Ephrata National Bank Barry W. Harting Vice President and Corporate Secretary – ENB Financial Corp Senior Vice President and Chief Risk Officer – Ephrata National Bank Scott E. Lied Treasurer – ENB Financial Corp Senior Vice P
Slide 4: Meeting Certification
Meeting Certification Presented by: Barry W. Harting Corporate Secretary - ENB Financial Corp
Slide 5: Matters of Proxy
Matters of Proxy 1. Elect three (3) Class C directors to serve a 3-year term 2. Ratify the selection of S.R. Snodgrass, P.C. 3. Transact other business
Slide 6: Matters of Proxy
Matters of Proxy 1. Elect three (3) Class C directors to serve a 3-year term Election of Directors – Class C Joshua E. Hoffman Susan Y. Nicholas Mark C. Wagner
Slide 7: Current Directors
Current Directors Continuing Directors – Class B Willis R. Lefever Jay S. Martin Judith A. Weaver Continuing Directors – Class A Aaron L. Groff, Jr. Dr. Brian K. Reed Jeffrey S. Stauffer
Slide 8: Voting Process
Voting Process Presented by: Barry W. Harting Corporate Secretary - ENB Financial Corp
Slide 9: Voting Process
Voting Process Proxy Holders Judges of Election Janice S. Eaby Paul W. Wenger John H. Shuey Roger S. Kline John L. Weber
Slide 10: President's Remarks
President’s Remarks Presented by: Jeffrey S. Stauffer President & CEO - ENB Financial Corp
Slide 11: Goodbye to Paul Wenger
Goodbye to Paul Wenger
Slide 12: Retirement of Aaron L. Groff, Jr.
Retirement of Aaron L. Groff, Jr. Thank you for 52-years of service
Slide 13: Mission Statement
Mission Statement To remain an independent community bank of undisputed integrity, serving the communities of Lancaster County and beyond. To offer state-of-the-art financial products and services of high quality and value at an affordable price. To provide unsurpassed personal service, delivered by
Slide 14: Vision Statement
Vision Statement To help clients achieve financial success as defined by them by discovering their goals and dreams in order to provide helpful advice.
Slide 15: A Strategic Path Forward
A Strategic Path Forward Doe AA!
Slide 16: A Strategic Path Forward
A Strategic Path Forward Financial Perspective Learning and Growth Financial growth and result Develop Critical Skills and Knowledge Key Financial parameters and performance Proper Knowledge Management (ROE, ROCE) Provide Strategic Information to All Higher Profit Margin Align Personal Goals with Co
Slide 17: Attracting the Next Generation of Customers
A Strategic Path Forward Attracting the Next Generation of Customers
Slide 18: New Markets & Opportunities
New Markets & Opportunities Mortgage Lending Area Expansion
Slide 19: New Markets & Opportunities
New Markets & Opportunities ENB Money Management Group Acquired Additional Trust Assets
Slide 20: Maintaining Customer Safety
Maintaining Customer Safety
Slide 21: Commitment to Customer Service
Commitment to Customer Service
Slide 22: Making a Difference
Making a Difference
Slide 23: Employee Engagement
Employee Engagement
Slide 24: COVID-19 Response
—— You'll feel the difference. COVID-19 Response r [ oa
Slide 25: Financial Results
Financial Results Presented by: Scott E. Lied Treasurer - ENB Financial Corp
Slide 26: Disclosures
Disclosures Unaudited Financial Information Some of the following slides do present financial information that is unaudited. Therefore, this information is subject to adjustments that could be necessary upon completion of the annual audit. Forward Looking Statements Some of the material and/or langu
Slide 27: Net Income
Net Income 11,395 12,000 9,749 10,000 7,553 Dollars in Thousands 8,000 6,910 6,344 6,000 4,000 2,000 0 2015 2016 2017 2018 2019
Slide 28: Significant Items
Significant Items 2019 2018 Incr./Decr. Incr./Decr. Dollars in Thousands $ $ $ % Net Interest Income 36,618 33,124 3,494 10.5 Provision for Loan Loss 770 660 110 16.7 Other Income 10,076 9,690 386 4.0 Bank Owned Life Ins. 731 1,638 (907) -55.4 (291) Security Gains/(Losses) 499 790 NA Operating Expen
Slide 29: 2019 Balance Sheet Growth
2019 Balance Sheet Growth Total Assets up $73.9 million + 6.7% Total Loans up $59.5 million + 8.6% Total Deposits up $54.4 million + 5.9% Total Capital up $13.9 million +13.5%
Slide 30: Performance Ratios
Performance Ratios 2019 2018 2017 % % % Return on Average Assets (ROA) 1.01 0.93 0.63 Return on Average Equity (ROE) 10.36 9.94 6.46 Net Interest Margin 3.53 3.46 3.46 Efficiency Ratio 69.82 71.58 73.23
Slide 31: Per Share Data
Per Share Data 2019 2018 2017 Earnings Per Share $2.010 $1.710 $1.120 Dividends Per Share $0.620 $0.575 $0.560 Dividend Payout Ratio 30.85% 33.63% 50.22%
Slide 32: 2019 Peer Analysis
2019 Peer Analysis ENBP PA Bank Peer* Measurement % % Return on Average Assets LTM 1.01 1.01 Core Return on Average Equity 10.36 9.82 Price to Earnings LTM 9.20 9.60 Price to Tangible Book 0.89 0.99 Dividend Yield 3.08 2.73 *Data as of December 31, 2019 from Boenning & Scattergood, Inc., 1 st Qtr. 2
Slide 33: 2019 Peer Analysis
2019 Peer Analysis ENBP PA Bank Peer* Measurement % % Tangible Capital to Assets 10.0 9.7 Tier 1 Ratio 13.4 12.8 Total Capital Ratio 14.5 14.5 Efficiency Ratio (Adjusted) 69.8 64.5 Non-Performing Assets/Total Assets 0.34 0.57 Allowance for Loan Losses 1.25 1.04 *Data as of December 31, 2019 from Boe
Slide 34: First Quarter 2020 Results
First Quarter 2020 Results (Unaudited) Earnings: $2.165 million, Down $438,000, or 16.9%. - COVID-19 Impacts to MSA’s, Provision, and NII - Higher Operating Expenses ROA: 0.74% ROE: 7.42% Net Interest Income: Up $233,000, or 2.6% Net Interest Margin: 3.41% Mortgage Gains: $541,000 vs. $349,000
Slide 35: Voting Results
Voting Results Presented by: Barry W. Harting Corporate Secretary - ENB Financial Corp
Slide 36: Questions & Answers
Questions & Answers
Slide 37: 2020 Annual Shareholder Meeting
2020 Annual Shareholder Meeting May 5, 2020 ENB Financial Corp