Norwood Financial Corp
NWFL Nasdaq State Commercial Banks Financials FY2016–FY2025
Last close · Oct 23, 2026
$34.77
0.6%
Revenue
Total sales reported in the income statement.
$8.0M
8.1%
vs prior year
Efficiency ratio
Noninterest expense as a share of revenue. Lower is better for banks.
639.4%
17.7 pts
Net income
Profit after all expenses, interest and tax.
$27.8M
Return on equity
Net income as a share of average shareholders' equity.
12.2%
12.3 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
$377M
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
11.9x
On $2.92 EPS (TTM)
What Norwood Financial Corp does
No business description yet.
- Legal name
- NORWOOD FINANCIAL CORP
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 13, 2026
- Accession · CIK
- 0001013272-26-000003
0001013272
Revenue and margins
Norwood Financial Corp had $8.0M of revenue in fiscal 2025, up 8.1% on the year before.
FY16
Revenue $33.8M
FY17
Revenue $41.8M
FY18
Revenue $5.7M
FY19
Revenue $5.4M
FY20
Revenue $6.2M
FY21
Revenue $7.0M
FY22
Revenue $8.8M
FY23
Revenue $7.1M
FY24
Revenue $7.4M
FY25
Revenue $8.0M
Q3 '23
Revenue $1.9M
Q4 '23
Revenue $1.8M
Q1 '24
Revenue $1.7M
Q2 '24
Revenue $1.9M
Q3 '24
Revenue $1.9M
Q4 '24
Revenue $1.9M
Q1 '25
Revenue $2.0M
Q2 '25
Revenue $1.9M
Q3 '25
Revenue $2.0M
Q4 '25
Revenue $2.1M
Q1 '26
Revenue $2.3M
Q2 '26
Revenue $2.1M
FY16
Net interest share 84.7%
Efficiency ratio 68.5%
FY17
Net interest share 83.5%
Efficiency ratio 59.5%
FY18
Net interest share 650.5%
Efficiency ratio 458.7%
FY19
Net interest share 708.6%
Efficiency ratio 501.3%
FY20
Net interest share 812.9%
Efficiency ratio 554.7%
FY21
Net interest share 930.3%
Efficiency ratio 550.0%
FY22
Net interest share 780.7%
Efficiency ratio 468.5%
FY23
Net interest share 869.8%
Efficiency ratio 609.5%
FY24
Net interest share 840.5%
Efficiency ratio 657.2%
FY25
Net interest share 979.2%
Efficiency ratio 639.4%
Net interest share
Efficiency ratio
Q3 '23
Net interest share 782.5%
Efficiency ratio 586.7%
Q4 '23
Net interest share 844.5%
Efficiency ratio 599.0%
Q1 '24
Net interest share 859.7%
Efficiency ratio 685.7%
Q2 '24
Net interest share 793.9%
Efficiency ratio 608.7%
Q3 '24
Net interest share 850.1%
Efficiency ratio 642.0%
Q4 '24
Net interest share 860.1%
Efficiency ratio 694.2%
Q1 '25
Net interest share 902.3%
Efficiency ratio 609.6%
Q2 '25
Net interest share 1,020.1%
Efficiency ratio 670.5%
Q3 '25
Net interest share 1,001.9%
Efficiency ratio 633.4%
Q4 '25
Net interest share 993.1%
Efficiency ratio 645.8%
Q1 '26
Net interest share 1,078.8%
Efficiency ratio 922.2%
Q2 '26
Net interest share 1,276.8%
Efficiency ratio 751.3%
Net interest share
Efficiency ratio
Net income and earnings per share
From fiscal 2016 to 2025, diluted EPS grew 11.3% a year. Loss periods are shown in red.
FY16
Net income $6.7M
FY17
Net income $8.2M
FY18
Net income $13.7M
FY19
Net income $14.2M
FY20
Net income $15.1M
FY21
Net income $24.9M
FY22
Net income $29.2M
FY23
Net income $16.8M
FY24
Net income −$0.2M
FY25
Net income $27.8M
Q3 '23
Net income $4.1M
Q4 '23
Net income $0.4M
Q1 '24
Net income $4.4M
Q2 '24
Net income $4.2M
Q3 '24
Net income $3.8M
Q4 '24
Net income −$12.7M
Q1 '25
Net income $5.8M
Q2 '25
Net income $6.2M
Q3 '25
Net income $8.3M
Q4 '25
Net income $7.4M
Q1 '26
Net income $3.7M
Q2 '26
Net income $9.3M
FY16
Diluted EPS $1.15
FY17
Diluted EPS $1.31
FY18
Diluted EPS $2.17
FY19
Diluted EPS $2.25
FY20
Diluted EPS $2.09
FY21
Diluted EPS $3.04
FY22
Diluted EPS $3.58
FY23
Diluted EPS $2.07
FY24
Diluted EPS −$0.02
FY25
Diluted EPS $3.01
Q3 '23
Diluted EPS $0.51
Q4 '23
Diluted EPS $0.04
Q1 '24
Diluted EPS $0.55
Q2 '24
Diluted EPS $0.52
Q3 '24
Diluted EPS $0.48
Q4 '24
Diluted EPS −$1.57
Q1 '25
Diluted EPS $0.63
Q2 '25
Diluted EPS $0.67
Q3 '25
Diluted EPS $0.89
Q4 '25
Diluted EPS $0.82
Q1 '26
Diluted EPS $0.35
Q2 '26
Diluted EPS $0.86
Returns and efficiency
For banks, return on equity and the efficiency ratio (costs as a share of revenue) say most about how well the business runs.
FY16
ROE 6.0%
ROTE 6.8%
Efficiency ratio 68.5%
FY17
ROE 7.2%
ROTE 7.9%
Efficiency ratio 59.5%
FY18
ROE 11.5%
ROTE 12.3%
Efficiency ratio 458.7%
FY19
ROE 10.9%
ROTE 11.3%
Efficiency ratio 501.3%
FY20
ROE 9.1%
ROTE 9.1%
Efficiency ratio 554.7%
FY21
ROE 12.5%
ROTE 14.2%
Efficiency ratio 550.0%
FY22
ROE 15.7%
ROTE 21.3%
Efficiency ratio 468.5%
FY23
ROE 9.6%
ROTE 11.1%
Efficiency ratio 609.5%
FY24
ROE −0.1%
ROTE −0.1%
Efficiency ratio 657.2%
FY25
ROE 12.2%
ROTE 13.0%
Efficiency ratio 639.4%
ROE
ROTE
Efficiency ratio
Dividends, buybacks and share count
Norwood Financial Corp returned $11.9M to shareholders in fiscal 2025, 41% of free cash flow. The diluted share count rose 14.1%.
FY16
Dividends $4.7M
Buybacks $0.4M
FY17
Dividends $5.4M
Buybacks $1.6M
FY18
Dividends $5.5M
Buybacks $0.2M
FY19
Dividends $6.0M
Buybacks $0.4M
FY20
Dividends $7.3M
Buybacks $0.1M
FY21
Dividends $8.5M
Buybacks $1.4M
FY22
Dividends $9.2M
Buybacks $2.5M
FY23
Dividends $9.4M
Buybacks $3.1M
FY24
Dividends $9.7M
Buybacks $0.7M
FY25
Dividends $11.5M
Buybacks $0.4M
Dividends
Buybacks
Q3 '23
Dividends $2.3M
Buybacks $0.0M
Q4 '23
Dividends $2.3M
Buybacks $0.0M
Q1 '24
Dividends $2.4M
Buybacks —
Q2 '24
Dividends $2.4M
Buybacks —
Q3 '24
Dividends $2.4M
Buybacks $0.1M
Q4 '24
Dividends $2.4M
Buybacks $0.0M
Q1 '25
Dividends $2.9M
Buybacks $0.3M
Q2 '25
Dividends $2.9M
Buybacks $0.0M
Q3 '25
Dividends $2.9M
Buybacks $0.0M
Q4 '25
Dividends $2.9M
Buybacks $0.0M
Q1 '26
Dividends $3.5M
Buybacks —
Q2 '26
Dividends $3.5M
Buybacks —
Dividends
Buybacks
FY16
Diluted shares 0.01B
FY17
Diluted shares 0.01B
FY18
Diluted shares 0.01B
FY19
Diluted shares 0.01B
FY20
Diluted shares 0.01B
FY21
Diluted shares 0.01B
FY22
Diluted shares 0.01B
FY23
Diluted shares 0.01B
FY24
Diluted shares 0.01B
FY25
Diluted shares 0.01B
Balance sheet
Loans, deposits and capital at each fiscal year end.
FY16
Loans $707M
Deposits $925M
FY17
Loans $756M
Deposits $929M
FY18
Loans $842M
Deposits $947M
FY19
Loans $916M
Deposits $958M
FY20
Loans $1.4B
Deposits $1.5B
FY21
Loans $1.3B
Deposits $1.8B
FY22
Loans $1.5B
Deposits $1.7B
FY23
Loans $1.6B
Deposits $1.8B
FY24
Loans $1.7B
Deposits $1.9B
FY25
Loans $1.8B
Deposits $2.1B
Loans
Deposits
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Loans, net | $1.3B | $1.5B | $1.6B | $1.7B | $1.8B |
| Deposits | $1.8B | $1.7B | $1.8B | $1.9B | $2.1B |
| Loans / deposits | 76.2% | 84.3% | 88.3% | 91.1% | 88.2% |
| Total assets | $2.1B | $2.0B | $2.2B | $2.3B | $2.4B |
| Shareholders' equity | $205M | $167M | $181M | $214M | $242M |
| Goodwill | $29.3M | $29.3M | $29.3M | $29.3M | $29.3M |
| Intangible assets | $0.4M | $0.3M | $0.2M | $0.2M | $0.1M |
| Provision / loans | 0.3% | 0.1% | 0.4% | 0.2% | 0.1% |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. “Plan” marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
10 years of figures
Amounts in USD. Hover a ratio’s name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $33.8M | $41.8M | $5.7M | $5.4M | $6.2M | $7.0M | $8.8M | $7.1M | $7.4M | $8.0M |
| Net interest income | $28.6M | $34.9M | $36.8M | $38.6M | $50.5M | $65.3M | $68.4M | $62.1M | $62.2M | $78.3M |
| Noninterest income | $5.2M | $6.9M | $7.1M | $6.8M | $7.8M | $8.4M | $9.9M | $8.1M | −$11.2M | $9.6M |
| Noninterest expense | $23.1M | $24.9M | $26.0M | $27.3M | $34.4M | $38.6M | $41.0M | $43.5M | $48.6M | $51.1M |
| Provision for credit losses | $2.1M | $2.2M | $1.7M | $1.3M | $5.5M | $4.2M | $0.9M | $5.5M | $2.7M | $1.8M |
| Interest expense | $3.7M | $4.1M | $5.7M | $8.7M | $8.0M | $5.8M | $7.3M | $33.5M | — | — |
| Pretax income | $8.6M | $14.7M | $16.2M | $16.8M | $18.4M | $30.9M | $36.4M | $21.1M | −$0.3M | $35.0M |
| Income tax | $1.9M | $6.6M | $2.6M | $2.6M | $3.3M | $5.9M | $7.2M | $4.4M | −$0.1M | $7.3M |
| Net income | $6.7M | $8.2M | $13.7M | $14.2M | $15.1M | $24.9M | $29.2M | $16.8M | −$0.2M | $27.8M |
| Diluted EPS | $1.15 | $1.31 | $2.17 | $2.25 | $2.09 | $3.04 | $3.58 | $2.07 | −$0.02 | $3.01 |
| Diluted shares | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B |
| Cash flow | ||||||||||
| Cash from operations | $11.4M | $16.1M | $17.3M | $18.4M | $13.8M | $29.2M | $30.7M | $29.8M | $22.8M | $34.0M |
| Capital expenditure | $0.5M | $1.6M | $0.9M | $1.6M | $0.7M | $1.3M | $2.2M | $1.4M | $3.1M | $4.7M |
| Free cash flow | $10.9M | $14.4M | $16.4M | $16.8M | $13.0M | $27.9M | $28.6M | $28.4M | $19.7M | $29.2M |
| Stock-based compensation | $0.1M | $0.1M | $0.2M | $0.2M | $0.2M | $0.2M | $0.3M | $0.4M | $0.3M | $0.2M |
| Share buybacks | $0.4M | $1.6M | $0.2M | $0.4M | $0.1M | $1.4M | $2.5M | $3.1M | $0.7M | $0.4M |
| Dividends paid | $4.7M | $5.4M | $5.5M | $6.0M | $7.3M | $8.5M | $9.2M | $9.4M | $9.7M | $11.5M |
| Dividends and buybacks | $5.2M | $7.0M | $5.7M | $6.5M | $7.4M | $10.0M | $11.7M | $12.5M | $10.4M | $11.9M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $17.2M | $16.7M | $18.3M | $15.4M | $112M | $207M | $31.9M | $66.1M | $72.3M | $44.4M |
| Total debt | $32.8M | $42.5M | $53.0M | $62.3M | $63.3M | $60.8M | $93.2M | $74.1M | $113M | $14.7M |
| Loans, net | $707M | $756M | $842M | $916M | $1.4B | $1.3B | $1.5B | $1.6B | $1.7B | $1.8B |
| Deposits | $925M | $929M | $947M | $958M | $1.5B | $1.8B | $1.7B | $1.8B | $1.9B | $2.1B |
| Property and equipment, net | $13.5M | $13.9M | $13.8M | $14.2M | $17.8M | $17.3M | $17.9M | $17.8M | $19.7M | $23.0M |
| Goodwill | $11.3M | $11.3M | $11.3M | $11.3M | $29.3M | $29.3M | $29.3M | $29.3M | $29.3M | $29.3M |
| Intangible assets | $0.6M | $0.5M | $0.3M | $0.2M | $0.5M | $0.4M | $0.3M | $0.2M | $0.2M | $0.1M |
| Total assets | $1.1B | $1.1B | $1.2B | $1.2B | $1.9B | $2.1B | $2.0B | $2.2B | $2.3B | $2.4B |
| Total liabilities | $1.0B | $1.0B | $1.1B | $1.1B | $1.7B | $1.9B | $1.9B | $2.0B | $2.1B | $2.2B |
| Shareholders' equity | $111M | $116M | $122M | $137M | $195M | $205M | $167M | $181M | $214M | $242M |
| Margins | ||||||||||
| Net margin | 19.9% | 19.6% | 241.1% | 260.9% | 242.9% | 354.9% | 333.7% | 234.9% | −2.2% | 347.0% |
| FCF margin | 32.2% | 34.5% | 290.0% | 308.6% | 210.1% | 397.9% | 326.2% | 398.2% | 266.0% | 365.6% |
| Net interest share of revenue | 84.7% | 83.5% | 650.5% | 708.6% | 812.9% | 930.3% | 780.7% | 869.8% | 840.5% | 979.2% |
| Efficiency ratio | 68.5% | 59.5% | 458.7% | 501.3% | 554.7% | 550.0% | 468.5% | 609.5% | 657.2% | 639.4% |
| Returns | ||||||||||
| Return on equity | 6.0% | 7.2% | 11.5% | 10.9% | 9.1% | 12.5% | 15.7% | 9.6% | −0.1% | 12.2% |
| Return on assets | 0.6% | 0.7% | 1.2% | 1.2% | 1.0% | 1.3% | 1.4% | 0.8% | −0.0% | 1.2% |
| Return on tangible equity | 6.8% | 7.9% | 12.3% | 11.3% | 9.1% | 14.2% | 21.3% | 11.1% | −0.1% | 13.0% |
| Growth | ||||||||||
| Revenue growth | — | 23.8% | −86.5% | −3.8% | 14.0% | 13.1% | 24.8% | −18.5% | 3.7% | 8.1% |
| Net income growth | — | 22.2% | 66.5% | 4.1% | 6.1% | 65.2% | 17.3% | −42.7% | −101.0% | — |
| EPS growth | — | 13.9% | 65.6% | 3.7% | −7.1% | 45.5% | 17.8% | −42.2% | −101.0% | — |
| FCF growth | — | 32.7% | 13.9% | 2.4% | −22.4% | 114.1% | 2.3% | −0.6% | −30.7% | 48.6% |
| Share count change | — | 7.6% | 0.3% | 0.7% | 14.2% | 13.4% | −0.3% | −1.1% | 0.1% | 14.1% |
| Financial health | ||||||||||
| Debt / equity | 0.3x | 0.4x | 0.4x | 0.5x | 0.3x | 0.3x | 0.6x | 0.4x | 0.5x | 0.1x |
| Loans / deposits | 76.4% | 81.4% | 88.9% | 95.7% | 91.0% | 76.2% | 84.3% | 88.3% | 91.1% | 88.2% |
| Provision / loans | 0.3% | 0.3% | 0.2% | 0.1% | 0.4% | 0.3% | 0.1% | 0.4% | 0.2% | 0.1% |
| Capital allocation | ||||||||||
| Capex / revenue | 1.5% | 3.9% | 15.4% | 29.8% | 12.1% | 17.9% | 24.6% | 19.8% | 42.3% | 59.0% |
| Stock comp / revenue | 0.2% | 0.2% | 4.2% | 3.8% | 3.3% | 3.0% | 3.1% | 5.6% | 4.7% | 3.1% |
| Payouts / FCF | 47.5% | 48.4% | 34.7% | 38.5% | 56.5% | 35.7% | 40.8% | 44.1% | 53.0% | 40.5% |
| Quality scores | ||||||||||
| Piotroski F-score | — | 5.0 | 4.0 | 4.0 | 3.0 | 6.0 | 6.0 | 5.0 | 2.0 | 6.0 |
| Accruals ratio | −0.4% | −0.7% | −0.3% | −0.3% | 0.1% | −0.2% | −0.1% | −0.6% | −1.0% | −0.3% |
Source: SEC EDGAR XBRL filings (CIK 0001013272). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.