Norwood Financial Corp. · NASDAQ:NWFL
Norwood Financial — Janney Investor Conference January 2025
21 slides from Norwood Financial's conference presentation, Jan 29, 2025
Slide 1: January 2025 Investor Presentation Janney Investor Conference
January 2025 Investor Presentation Janney Investor Conference Exhibit 99.1
Slide 2: Forward-Looking Statements
Forward-Looking Statements 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 “anticipates,” “pro
Slide 3: Franchise Overview | Norwood Financial Corp.
Note: Financials as of September 30, 2024; Market data as of December 5, 2024 Source: S&P Capital IQ Pro Franchise Overview | Norwood Financial Corp. Branch Footprint Franchise Highlights PA NJ NY Geneva Honesdale Milford Stroudsburg NWFL (29) $2.3B Total Assets $1.7B Total Gross Loans $1.9B Total D
Slide 4: Strength. Security. Stability.
Strength. Security. Stability. 150 Years in Business Rewarding Shareholders Growth & Expansion A Community Pillar Key Tenets for Success Customers Employees Community Shareholders Operates under three brands: Wayne Bank, the Bank of Cooperstown and Bank of the Finger Lakes Committed to the same comm
Slide 5: A History of De Novo Growth and Successful Acquisitions
Excludes growth attributed to acquisitions from 2010 through 2023 Note: Acquired branches on map reflect the branches existing today A History of De Novo Growth and Successful Acquisitions Historical Growth and Expansion Total Assets 2024: Renovating new location in Forty Fort, PA scheduled to open
Slide 6: Loan Portfolio Overview
CRE Loans by Industry Historical Asset Yields Small Business Lending, Granular Relationships and Limited Industry Concentration Loan Portfolio Overview $82K Average Loan Size $271K Average Commercial Loan Size 13% Adjustable, 29% Floating, and 58% Fixed Rate CRE Ratio: 129% Office Exposure: 7 loans
Slide 7: Strong Historical Credit Quality
Strong Historical Credit Quality Recent Loan Growth Has Not Compromised Our Disciplined Credit Culture
Slide 8: Attractive Retail Franchise Bolstered by Commercial and Municipal Relationships
As of 9/30/2024; Since 9/30/2024 the company has added $20 million of brokered deposits in order to test the facility for liquidity purposes Excludes deposits acquired in the acquisition of USNY Deposit Composition Over Time Historical Funding Costs Deposit Portfolio by Category Attractive Retail Fr
Slide 9: Key Performance Indicators – Through September 30, 2024
See appendix for Non-GAAP Reconciliation Efficiency Ratio¹ Net Interest Margin (FTE)¹ Return on Average Tangible Common Equity¹ Return on Average Assets Key Performance Indicators – Through September 30, 2024 Net income for Q3 2024 was $3.8M and for the first nine months of the year was $12.5M Net i
Slide 10: Securities Repositioning
Securities Repositioning Investment Portfolio at 12/31/2024 Securities repositioning detail: Sale of ~$155M of securities with an average yield of 2.0% A one-time, pre-tax loss of ~$20M Reinvested in ~$155M of securities with a projected average yield of 5.2% Benefits of the Transaction Expected imm
Slide 11: Interest Rate Sensitivity
Note: Impact to net interest income as of September 30, 2024 Interest Rate Sensitivity Net Interest Income Sensitivity
Slide 12: Norwood Financial Corp. Investment Summary
jorwood | Granular loan and deposit portfolio tied to our community Attractive financial profile enhanced by the proposed offering and repositioning Disciplined underwriting culture xecutive Team, align jith Board of Directors, focused on holder return: ‘Well-positioned to take advantage of market d
Slide 13: Appendix
Appendix Njerwa CORP
Slide 14: Today's Presenters
Today’s Presenters Jim Donnelly, President, Chief Executive Officer, and Director Mr. Donnelly became President, Chief Executive Officer, and Director of the Company in 2022. Mr. Donnelly joined the Company with over 30 years of banking experience, most recently with Bangor Savings Bank where he ser
Slide 15: Historical Financial Highlights
See pages 28-30 for Non-GAAP Reconciliation Note: Financials reflect consolidated data unless otherwise indicated Historical Financial Highlights
Slide 16: Historical Balance Sheet
Note: Financials reflect consolidated data unless otherwise indicated Historical Balance Sheet
Slide 17: Historical Income Statement
Note: Financials reflect consolidated data unless otherwise indicated Historical Income Statement
Slide 18: Non-GAAP Reconciliation Illustrated for Capital Offering + Securities Repositioning
Illustrative purposes only; All assumptions are subject to change based on actual results of the repositioning transaction; See page 13 for detail on the repositioning transaction; Assumes a $30M common equity offering at $30.00; There can be no assurance that we will complete the repositioning as p
Slide 19: Non-GAAP Reconciliations
Illustrative purposes only; All assumptions are subject to change based on actual results of the repositioning transaction; See page 13 for detail on the repositioning transaction; Assumes a $30M common equity offering at $30.00; There can be no assurance that we will complete the repositioning as p
Slide 20: Non-GAAP Reconciliations (Continued)
Illustrative purposes only; All assumptions are subject to change based on actual results of the repositioning transaction; See page 13 for detail on the repositioning transaction; Assumes a $30M common equity offering at $30.00; There can be no assurance that we will complete the repositioning as p
Slide 21: Thank You
Thank You Njerwa CORP
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