NASDAQ : NWFL
Norwood Financial Corp. — Financial statements
Financials · Banks - Regional · United States
Last price 35.64 USD (Oct 30, 2026, 9:34 AM EDT) · Market cap 386.95M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 134.76M | 109.91M | 99.39M | 85.21M | 66.01M | 65.26M |
| Interest Income on Investments | 18.59M | 16.62M | 13.19M | 10.33M | 9.65M | 5.81M |
| Total Interest Income | 153.35M | 126.53M | 112.58M | 95.54M | 75.67M | 71.07M |
| Interest Paid on Deposits | 49.80M | 43.68M | 42.33M | 26.03M | 6.47M | 4.76M |
| Interest Paid on Borrowings | 3.21M | 4.52M | 8.05M | 7.44M | 798.00K | 1.00M |
| Total Interest Expense | 53.00M | 48.20M | 50.39M | 33.47M | 7.27M | 5.76M |
| Net Interest Income | 100.35M | 78.32M | 62.19M | 62.07M | 68.40M | 65.31M |
| Trust Income | 979.00K | 1.03M | 943.00K | 898.00K | 845.00K | 748.00K |
| Gain (Loss) on Sale of Investments | -19.96M | -209.00K | 3.00K | 92.00K | ||
| Other Non-Interest Income | 9.42M | 8.26M | 7.64M | 7.29M | 8.65M | 7.31M |
| Total Non-Interest Income | 10.67M | 9.62M | -11.15M | 8.12M | 9.93M | 8.36M |
| Revenues Before Loan Losses | 111.02M | 87.94M | 51.04M | 70.19M | 78.33M | 73.67M |
| Provision for Loan Losses | 3.97M | 1.77M | 2.67M | 5.55M | 900.00K | 4.20M |
| Revenue | 107.05M | 86.17M | 48.37M | 64.64M | 77.43M | 69.47M |
| Salaries and Employee Benefits | 31.88M | 26.15M | 24.30M | 22.73M | 21.43M | 20.06M |
| Federal Deposit Insurance | 2.00M | 1.55M | 1.34M | 985.00K | 612.00K | 681.00K |
| Amortization of Goodwill & Intangibles | 505.00K | 54.00K | 69.00K | 85.00K | 101.00K | 123.00K |
| Selling, General & Administrative | 16.50M | 14.78M | 14.48M | 12.54M | 11.75M | 10.83M |
| Other Non-Interest Expense | 8.71M | 7.23M | 8.38M | 7.02M | 7.08M | 6.77M |
| Total Non-Interest Expense | 60.44M | 49.91M | 48.62M | 43.50M | 41.04M | 38.61M |
| EBT Excluding Unusual Items | 46.61M | 36.26M | -258.00K | 21.15M | 36.38M | 30.86M |
| Pretax Income | 41.09M | 35.02M | -258.00K | 21.15M | 36.38M | 30.86M |
| Income Tax Expense | 8.83M | 7.26M | -98.00K | 4.39M | 7.15M | 5.95M |
| Net Income | 32.26M | 27.75M | -160.00K | 16.76M | 29.23M | 24.91M |
| Net Income to Common | 32.26M | 27.75M | -160.00K | 16.76M | 29.23M | 24.91M |
| Basic Shares Outstanding | 10.50M | 9.23M | 8.09M | 8.06M | 8.14M | 8.18M |
| Diluted Shares Outstanding | 10.50M | 9.23M | 8.09M | 8.08M | 8.18M | 8.20M |
| EPS (Basic) | 3.07 | 3.01 | -0.02 | 2.08 | 3.59 | 3.05 |
| EPS (Diluted) | 3.07 | 3.01 | -0.02 | 2.07 | 3.58 | 3.04 |
| Dividend Per Share | 0.32 | 1.25 | 1.21 | 1.17 | 1.13 | 1.06 |
| Effective Tax Rate | 21.49% | 20.74% | 20.75% | 19.66% | 19.26% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 72.52M | 44.44M | 72.34M | 66.12M | 31.87M | 206.68M |
| Investment Securities | 429.49M | 134.58M | 118.24M | 199.07M | 188.03M | 181.23M |
| Trading Asset Securities | 771.00K | 1.19M | 1.23M | 1.46M | 235.00K | |
| Mortgage-Backed Securities | 274.20M | 279.61M | 207.18M | 230.90M | 225.55M | |
| Total Investments | 429.49M | 409.55M | 399.04M | 407.48M | 420.39M | 407.02M |
| Gross Loans | 2.29B | 1.85B | 1.71B | 1.60B | 1.47B | 1.36B |
| Allowance for Loan Losses | -25.15M | -19.88M | -19.84M | -18.97M | -17.00M | -16.44M |
| Other Adjustments to Gross Loans | -453.00K | -444.00K | -259.00K | -479.00K | -1.11M | |
| Net Loans | 2.27B | 1.83B | 1.69B | 1.58B | 1.46B | 1.34B |
| Property, Plant & Equipment | 25.14M | 26.27M | 23.43M | 21.74M | 22.03M | 21.80M |
| Goodwill | 36.38M | 29.27M | 29.27M | 29.27M | 29.27M | 29.27M |
| Other Intangible Assets | 2.99M | 98.00K | 152.00K | 221.00K | 306.00K | 407.00K |
| Accrued Interest Receivable | 10.61M | 9.25M | 8.47M | 8.12M | 6.92M | 5.89M |
| Long-Term Deferred Tax Assets | 22.98M | 14.65M | 17.70M | 21.35M | 23.55M | 8.79M |
| Other Real Estate Owned & Foreclosed | 771.00K | 771.00K | 97.00K | 346.00K | 1.74M | |
| Other Long-Term Assets | 81.35M | 57.01M | 73.28M | 62.02M | 55.45M | 48.42M |
| Total Assets | 2.95B | 2.42B | 2.32B | 2.20B | 2.05B | 2.07B |
| Interest Bearing Deposits | 2.02B | 1.37B | 1.20B | 1.13B | 1.08B | 1.06B |
| Institutional Deposits | 289.85M | 272.97M | 269.50M | 213.62M | 257.24M | |
| Non-Interest Bearing Deposits | 487.75M | 419.60M | 381.48M | 399.55M | 434.53M | 440.65M |
| Total Deposits | 2.51B | 2.08B | 1.86B | 1.80B | 1.73B | 1.76B |
| Short-Term Borrowings | 56.12M | 15.48M | 134.26M | 104.08M | 133.22M | 60.82M |
| Current Portion of Long-Term Debt | 30.00M | 41.94M | 2.98M | |||
| Current Portion of Leases | 612.00K | |||||
| Accrued Interest Payable | 10.47M | 12.14M | 12.62M | 10.51M | 2.65M | 1.20M |
| Long-Term Debt | 62.73M | 10.00M | 10.00M | 1.23M | 1.46M | 235.00K |
| Federal Home Loan Bank Debt, Long-Term | 19.42M | 29.85M | 94.24M | 27.02M | ||
| Long-Term Leases | 2.79M | 3.89M | 4.01M | 4.20M | 4.58M | |
| Pension & Post-Retirement Benefits | 3.66M | 3.67M | 3.70M | 3.52M | 3.48M | |
| Other Long-Term Liabilities | 29.90M | 9.94M | 8.56M | 7.09M | 7.21M | 6.13M |
| Total Liabilities | 2.67B | 2.18B | 2.10B | 2.02B | 1.88B | 1.86B |
| Common Stock | 1.12M | 952.00K | 949.00K | 831.00K | 829.00K | 827.00K |
| Additional Paid-In Capital | 174.65M | 127.43M | 126.51M | 97.70M | 96.90M | 96.44M |
| Retained Earnings | 154.96M | 141.13M | 124.96M | 135.28M | 130.02M | 110.02M |
| Treasury Stock | -7.39M | -6.01M | -5.80M | -5.40M | -3.31M | -1.77M |
| Comprehensive Income & Other | -39.97M | -21.34M | -33.12M | -47.35M | -57.35M | -256.00K |
| Shareholders' Equity | 283.36M | 242.16M | 213.51M | 181.07M | 167.09M | 205.26M |
| Total Liabilities & Equity | 2.95B | 2.42B | 2.32B | 2.20B | 2.05B | 2.07B |
| Total Debt | 118.85M | 78.31M | 219.95M | 203.55M | 138.87M | 95.63M |
| Net Cash (Debt) | -46.33M | -33.10M | -146.41M | -136.21M | -105.54M | 111.28M |
| Net Cash Per Share | -4.41 | -3.58 | -18.09 | -16.85 | -12.91 | 13.57 |
| Filing Date Shares Outstanding | 10.86M | 10.83M | 9.21M | 8.06M | 8.14M | 8.17M |
| Total Common Shares Outstanding | 10.86M | 9.24M | 9.22M | 8.06M | 8.12M | 8.17M |
| Book Value Per Share | 26.10 | 26.22 | 23.16 | 22.45 | 20.57 | 25.13 |
| Tangible Book Value | 243.99M | 212.79M | 184.09M | 151.58M | 137.51M | 175.59M |
| Tangible Book Value Per Share | 22.47 | 23.04 | 19.97 | 18.80 | 16.93 | 21.49 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 27.75M | -160.00K | 16.76M | 29.23M | 24.91M | |
| Depreciation & Amortization | 1.47M | 1.38M | 1.46M | 1.57M | 1.60M | |
| Other Amortization | 756.00K | 653.00K | 602.00K | -217.00K | ||
| Gain (Loss) on Sale of Assets | -9.00K | -32.00K | 96.00K | -379.00K | 108.00K | |
| Gain (Loss) on Sale of Investments | -623.00K | 20.55M | 1.05M | 1.30M | 1.44M | |
| Provision for Credit Losses | 1.77M | 2.67M | 5.55M | 900.00K | 4.20M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 326.00K | 195.00K | 63.00K | 3.00K | 177.00K | |
| Accrued Interest Receivable | -784.00K | -343.00K | -1.21M | -1.03M | 343.00K | |
| Other Operating Activities | 3.33M | -4.74M | -3.17M | -2.74M | -3.56M | |
| Operating Cash Flow | 33.97M | 22.81M | 29.82M | 30.73M | 29.20M | |
| Capital Expenditures | -4.72M | -3.13M | -1.41M | -2.15M | -1.26M | |
| Sale of Property, Plant and Equipment | 1.00K | 158.00K | ||||
| Investment in Securities | 4.42M | 5.97M | 24.39M | -84.94M | -188.66M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -137.05M | -112.95M | -136.25M | -119.00M | 57.94M | |
| Other Investing Activities | 8.40M | -5.10M | -3.30M | -1.91M | 856.00K | |
| Investing Cash Flow | -128.95M | -115.20M | -116.57M | -207.99M | -130.96M | |
| Short-Term Debt Issued | 38.99M | 32.39M | ||||
| Long-Term Debt Issued | 40.02M | 60.00M | 155.00M | 40.00M | ||
| Total Debt Issued | 40.02M | 98.99M | 155.00M | 72.39M | ||
| Short-Term Debt Repaid | -98.36M | -19.14M | -2.48M | |||
| Long-Term Debt Repaid | -82.39M | -82.44M | -70.76M | -30.00M | -12.46M | |
| Total Debt Repaid | -180.75M | -82.44M | -89.90M | -30.00M | -14.94M | |
| Net Debt Issued (Repaid) | -140.73M | 16.55M | 65.10M | 42.40M | -14.94M | |
| Issuance of Common Stock | 178.00K | 28.48M | 986.00K | 789.00K | 524.00K | |
| Repurchase of Common Stock | -361.00K | -703.00K | -3.10M | -2.52M | -1.44M | |
| Common Dividends Paid | -11.49M | -9.72M | -9.42M | -9.16M | -8.54M | |
| Net Increase (Decrease) in Deposit Accounts | 219.48M | 64.00M | 67.43M | -29.07M | 221.15M | |
| Financing Cash Flow | 67.08M | 98.62M | 121.00M | 2.44M | 196.75M | |
| Net Cash Flow | -27.90M | 6.22M | 34.25M | -174.81M | 94.99M | |
| Free Cash Flow | 29.25M | 19.68M | 28.41M | 28.58M | 27.94M | |
| Free Cash Flow Margin | 33.94% | 40.69% | 43.95% | 36.91% | 40.22% | |
| Free Cash Flow Per Share | 3.17 | 2.43 | 3.52 | 3.50 | 3.41 | |
| Cash Interest Paid | 48.68M | 48.28M | 25.62M | 5.82M | 6.16M | |
| Cash Income Tax Paid | 3.02M | 2.62M | 4.94M | 6.89M | 5.33M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 392.49M | 258.52M | 250.30M | 264.20M | 270.77M | 211.59M |
| Last Close Price | 36.15 | 26.91 | 24.82 | 28.73 | 28.05 | 20.92 |
| PE Ratio | 11.76 | 9.31 | 15.77 | 9.26 | 8.49 | |
| PS Ratio | 3.67 | 3.00 | 5.17 | 4.09 | 3.50 | 3.05 |
| PB Ratio | 1.39 | 1.07 | 1.17 | 1.46 | 1.62 | 1.03 |
| P/FCF Ratio | 13.10 | 8.84 | 12.72 | 9.30 | 9.47 | 7.57 |
| P/OCF Ratio | 11.89 | 7.61 | 10.97 | 8.86 | 8.81 | 7.25 |
| Debt / Equity Ratio | 0.42 | 0.32 | 1.03 | 1.12 | 0.83 | 0.47 |
| Debt / FCF Ratio | 2.68 | 11.18 | 7.16 | 4.86 | 3.42 | |
| Net Debt / Equity Ratio | 0.16 | 0.14 | 0.69 | 0.75 | 0.63 | -0.54 |
| Net Debt / FCF Ratio | 1.13 | 7.44 | 4.79 | 3.69 | -3.98 | |
| Return on Equity (ROE) | 12.45% | 12.18% | -0.08% | 9.63% | 15.70% | 12.46% |
| Return on Assets (ROA) | 1.20% | 1.17% | -0.01% | 0.79% | 1.42% | 1.27% |
| Earnings Yield | 8.50% | 10.74% | -0.06% | 6.34% | 10.80% | 11.77% |
| FCF Yield | 7.63% | 11.31% | 7.86% | 10.75% | 10.55% | 13.21% |
| Dividend Yield | 3.54% | 4.47% | 4.46% | 3.57% | 3.39% | 4.09% |
| Payout Ratio | 41.65% | 41.39% | 56.19% | 31.33% | 34.27% | |
| Buyback Yield / Dilution | -17.69% | -14.11% | -0.11% | 1.14% | 0.27% | -13.40% |
| Total Shareholder Return | -14.15% | -9.64% | 4.35% | 4.71% | 3.66% | -9.31% |