Saturday 17 October 2026 Export NWFL’s income statement to Excel — free account

Norwood Financial Corp.

Norwood Financial Corp.’s revenue for fiscal 2025 (year ended December 2025) was $136.1 million, up 34.2% from fiscal 2024. In the quarter to June 2026, revenue grew 28.5%, EPS grew 28.4%, free cash flow grew 65.6% and total debt fell 23.2%, each against the same quarter a year earlier. Dividend growth for ten consecutive years; insiders bought in the last twelve months.

33.84 0.38 +1.14%

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Market cap: $364.8M
P/E: 11.7×
Fwd P/E: 10.1×
Dividend yield: 3.78%
F-score: 8/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.48

Total sells 0.10

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	4	—	—	3	4	—	1	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	1	—

Insider Ownership 8.90%

Capital & Financial Ratios $m

Market Cap 364.78

Revenue 154.34

Net Income 28.84

Free Cash Flow 29.95

Net Debt 5.22

Current Ratio 0.91

Debt/Equity 0.23

P/E ratio 11.67

Fwd P/E 10.10

P/S ratio 2.38

P/B ratio 1.27

Past 5Y EPS Growth 7.57%

This Y EPS Growth 11.74%

Next Y EPS Growth 11.51%

Next Y revenue growth (14.14%)

Next 5Y EPS Growth 12.43%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 32.99%

10-year low 10-year high

P/S against its own 10 years 26.72%

10-year low 10-year high

P/B against its own 10 years 58.98%

10-year low 10-year high

Dividends

Payout Ratio 0.44

Annual Dividend Rate 1.28

Annual Dividend Yield 3.78%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.28	0.32 0.32 0.32 0.32
2025	1.24	0.31 0.31 0.31 0.31
2024	1.20	0.30 0.30 0.30 0.30
2023	1.16	0.29 0.29 0.29 0.29
2022	1.12	0.28 0.28 0.28 0.28
2021	1.04	0.26 0.26 0.26 0.26
2020	1.00	0.25 0.25 0.25 0.25
2019	0.96	0.24 0.24 0.24 0.24
2018	0.88	0.22 0.22 0.22 0.22
2017	0.86	0.21 0.21 0.21 0.22
2016	0.83	0.21 0.21 0.21 0.21

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	66	72	44	60
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	1,659	1,775	1,887	2,308

	2023	2024	2025	Q'26
Payables	1,795	1,859	2,079	2,514
ST’ Debt	—	—	—	—
Other	—	—	—	—
	1,880	1,985	2,105	2,523

Compound Annual Growth %

	10y	5y	3y
Sales	15.41%	15.50%	16.73%
Cash Flow	12.46%	19.74%	3.39%
Earnings	16.73%	12.98%	(1.71%)
Book Value	9.14%	4.45%	13.17%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	41	43	—	—	—
’25	32	33	35	36	136
’24	29	30	31	12	101
’23	24	25	27	28	104
’22	21	21	22	22	86
’21	19	20	21	20	79
’20	14	13	19	20	66

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	6	9	—	—	—
’25	9	7	9	9	34
’24	4	9	5	5	23
’23	10	6	7	7	30
’22	9	6	9	6	31
’21	8	7	8	6	29
’20	5	(4)	8	5	14

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	6	8	—	—	—
’25	8	5	8	8	29
’24	4	9	4	3	20
’23	10	4	9	6	29
’22	11	6	8	5	30
’21	7	7	8	6	28
’20	5	(4)	8	5	14

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.35	0.86	—	—	—
’25	0.63	0.67	0.89	0.80	3.01
’24	0.55	0.52	0.48	(1.54)	(0.02)
’23	0.71	0.81	0.51	0.04	2.07
’22	0.87	0.84	1.00	0.88	3.58
’21	0.67	0.70	0.85	0.81	3.04
’20	0.49	0.24	0.62	0.67	2.09

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	17.50	21.24	28.76	28.08	21.20	23.00	23.00	23.00	23.50	21.25	Analyst estimates 2026–2028 Powerpack
	High	23.00	35.72	40.58	39.69	39.28	29.50	34.75	34.72	34.50	30.59
People
People	Employees	215	214	210	220	265	266	276	265	271	281
	Revenue/emp, $m	0.17	0.21	0.24	0.25	0.25	0.30	0.31	0.39	0.37	0.48
Income, $m
Income, $m	Revenue	37	46	50	54	66	79	86	104	101	136
	Gross margin, %	90.24	91.11	88.59	83.95	87.95	92.75	91.51	67.71	50.32	64.59
	EBT	9	15	16	17	18	31	36	21	0	35
	EBT margin, %	22.97	32.13	32.70	31.12	27.73	38.85	42.51	20.40	(0.25)	25.72
	Net income	7	8	14	14	15	25	29	17	0	28
	Depreciation	2	3	3	3	3	0	3	3	3	2
Per share, $
Per share, $	Revenue	6.46	7.39	7.95	8.64	9.20	9.71	10.52	12.86	12.53	14.75
	Earnings	1.16	1.32	2.19	2.27	2.09	3.05	3.59	2.08	(0.02)	3.01
	Cash flow	1.96	2.58	2.78	2.95	1.92	3.57	3.78	3.70	2.82	3.68
	Capex	0.03	0.36	(0.02)	(0.13)	(0.02)	(0.10)	(0.04)	(0.09)	(0.37)	(0.51)
	Free cash flow	1.99	2.94	2.76	2.81	1.90	3.47	3.74	3.61	2.45	3.17
	Book value	19.17	18.64	19.62	21.95	27.04	25.10	20.53	22.46	26.38	26.23
	Shares, m	6	6	6	6	7	8	8	8	8	9
Valuation, ×
Valuation, ×	P/E	18.31	24.98	15.07	17.21	12.96	8.55	9.25	15.30	2,721.00	9.38
	P/S	3.29	4.46	4.15	4.50	2.85	2.68	3.16	2.46	2.17	1.90
	P/B	1.11	1.77	1.68	1.77	0.97	1.04	1.62	1.41	1.03	1.07
	EV/Sales	3.69	4.88	4.83	5.26	1.80	0.45	3.25	3.02	2.46	2.01
	EV/FCF	11.94	12.26	12.36	16.15	8.72	1.26	9.15	10.78	12.62	9.37
Cash, $m
Cash, $m	Operating cash flow	11	16	17	18	14	29	31	30	23	34
	Capex	0	2	0	(1)	0	(1)	0	(1)	(3)	(5)
	Free cash flow	12	18	17	18	14	28	30	29	20	29
Balance, $m
Balance, $m	Working capital	(231)	(196)	(138)	(87)	(85)	(268)	(328)	(221)	(210)	(218)
	Total debt	32	36	52	56	42	30	40	124	102	59
	Net debt	15	19	34	41	(69)	(177)	8	58	29	15
	Shareholders’ equity	111	116	122	137	195	205	167	181	214	242
Returns, %
Returns, %	ROA	0.72	0.73	1.18	1.18	0.98	1.27	1.42	0.79	(0.01)	1.17
	ROIC	5.16	6.83	6.48	5.89	10.16	67.49	12.98	5.53	(0.07)	8.81
	ROE	6.33	7.23	11.47	10.95	9.08	12.46	15.70	9.63	(0.08)	12.18

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
FNLC First Bancorp, Inc (ME)	$381.4M	10.1×	10.2×	+1.24% (above 0%: growing)	+17.81% (above 0%: growing)	−281.41% (below 0%: shrinking)	58.03%	0.00%	Compare
NECB Northeast Community Bancorp Inc.	$381.0M	8.6×	8.3×	−5.64% (below 0%: shrinking)	−11.76% (below 0%: shrinking)	−14.85% (below 0%: shrinking)	68.91%	0.00%	Compare
CZFS Citizens Financial Services Inc.	$380.6M	9.4×	7.9×	+2.61% (above 0%: growing)	+20.45% (above 0%: growing)	−106.85% (below 0%: shrinking)	68.26%	0.00%	Compare
MVBF Mvb Financial Corp.	$377.0M	9.6×	12.3×	+33.88% (above 0%: growing)	+493.75% (above 0%: growing)	−42.33% (below 0%: shrinking)	75.80%	0.00%	Compare
NWFL Norwood Financial Corp.	$364.8M	11.7×	10.1×	+28.48% (above 0%: growing)	+28.36% (above 0%: growing)	+65.58% (above 0%: growing)	68.32%	0.00%
WSBF Waterstone Financial, Inc.	$357.2M	11.5×	11.0×	+1.53% (above 0%: growing)	+13.95% (above 0%: growing)	+124.33% (above 0%: growing)	74.78%	0.00%	Compare
TSBK Timberland Bancorp, Inc.	$352.9M	11.4×	—	+4.36% (above 0%: growing)	+10.00% (above 0%: growing)	−24.92% (below 0%: shrinking)	73.48%	0.00%	Compare
FSBW FS Bancorp, Inc.	$350.9M	10.1×	9.4×	+3.60% (above 0%: growing)	+6.00% (above 0%: growing)	+778.44% (above 0%: growing)	69.52%	0.00%	Compare
BRBS Blue Ridge Bankshares, Inc.	$349.1M	37.9×	—	−19.39% (below 0%: shrinking)	n/m	−84.87% (below 0%: shrinking)	59.82%	0.00%	Compare
Median of peers	$367.1M	10.1×	9.8×	+2.07%	+13.95%	−33.62%	69.22%	0.00%

All 323 Banks Regional stocks →

Norwood Financial Corp. (NWFL) key facts

Strength: Norwood Financial Corp.’s revenue for fiscal 2025 (year ended December 2025) was $136.1 million, up 34.2% from fiscal 2024.
Norwood Financial Corp. (NWFL) is a Banks Regional company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, NWFL traded at $33.84, a market capitalization of $364.8 million.
Norwood Financial Corp. pays an annual dividend of $1.28 per share, a yield of 3.78%, with a payout ratio of 44.1%.
Return on equity was 12.2% and debt-to-equity 0.23.
Its Piotroski F-score is 8 out of 9 for fiscal 2025.