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Norwood Financial Corp. operates as the bank holding company for Wayne Bank that provides various banking products and services in the United States. The company offers deposit products, including interest-bearing and non-interest-bearing transaction, statement savings, and money market accounts, as well as certificate of deposits. Its commercial loans include lines of credit, revolving credit, term loans, mortgages, secured lending products, and letter of credit facilities; municipal finance lending; construction loans for commercial construction projects and single-family residences; construction financing; land and consumer loans; mortgage lending to finance principal residences and second home dwellings; and indirect dealer financing of new and used automobiles, boats, and recreational vehicles. In addition, the company offers investment securities services; personal and business credit services; trust and investment products; and cash management, direct deposit, remote deposit capture, mobile deposit capture, automated clearing house activity, real estate settlement, and internet and mobile banking services. Further, it offers annuity and insurance products; and engages in mutual fund sale, advisory services, and discount brokerage activities, as well as insurance agency business. The company serves consumers, businesses, nonprofit organizations, and municipalities. It operates automated teller machines and branches in Northeastern Pennsylvania; and in New York counties of Delaware, Sullivan, Ontario, Otsego, and Yates. The company was founded in 1870 and is based in Honesdale, Pennsylvania.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $88M | - | $28M | $29M | 11.5% | 72.3% | -17446.9% |
| 2024 | $51M | - | $-0M | $20M | -0.1% | -27.3% | -101.0% |
| 2023 | $70M | - | $17M | $28M | 9.3% | -10.4% | -42.7% |
| 2022 | $78M | - | $29M | $29M | 17.5% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 78.33 | 70.19 | 51.04 | 87.94 |
| Operating Revenue | - | 78.33 | 70.19 | 51.04 | 87.94 |
| Selling General And Administration | - | 23.20 | 25.18 | 27.29 | 29.22 |
| Interest Income | - | 75.67 | 95.54 | 112.58 | 126.53 |
| Interest Expense | - | 7.27 | 33.47 | 50.39 | 48.20 |
| Net Interest Income | - | 68.40 | 62.07 | 62.19 | 78.32 |
| Pretax Income | - | 36.38 | 21.15 | -0.26 | 35.02 |
| Tax Provision | - | 7.15 | 4.39 | -0.10 | 7.26 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.08 | 0.02 | 0.01 | -0.26 |
| Net Income Continuous Operations | - | 29.23 | 16.76 | -0.16 | 27.76 |
| Net Income From Continuing And Discontinued Operation | - | 29.23 | 16.76 | -0.16 | 27.76 |
| Net Income From Continuing Operation Net Minority Interest | - | 29.23 | 16.76 | -0.16 | 27.76 |
| Net Income | - | 29.23 | 16.76 | -0.16 | 27.76 |
| Net Income Common Stockholders | - | 29.23 | 16.76 | -0.16 | 27.76 |
| Net Income Including Noncontrolling Interests | - | 29.23 | 16.76 | -0.16 | 27.76 |
| Normalized Income | - | 28.89 | 16.70 | -0.18 | 28.74 |
| Diluted NI Availto Com Stockholders | - | 29.23 | 16.76 | -0.16 | 27.76 |
| Basic Average Shares | - | 8.14 | 8.06 | 8 | 9.22 |
| Diluted Average Shares | - | 8.17 | 8.10 | 8 | 9.22 |
| Reconciled Depreciation | - | 1.57 | 1.46 | 1.38 | 1.47 |
| Total Unusual Items | - | 0.43 | 0.08 | 0.03 | -1.24 |
| Total Unusual Items Excluding Goodwill | - | 0.43 | 0.08 | 0.03 | -1.24 |
| Special Income Charges | 0 | - | - | - | -1.24 |
| Restructuring And Mergern Acquisition | 0 | - | - | - | 1.24 |
| Gain On Sale Of Security | - | 0 | -0.21 | -19.96 | 0 |
| Depreciation Amortization Depletion Income Statement | - | 0.10 | 0.08 | 0.07 | 0.05 |
| Depreciation And Amortization In Income Statement | - | 0.10 | 0.08 | 0.07 | 0.05 |
| General And Administrative Expense | - | 22.68 | 24.55 | 26.36 | 28.48 |
| Other Gand A | 3.41 | - | - | - | - |
| Salaries And Wages | - | 22.07 | 23.56 | 25.02 | 26.93 |
| Insurance And Claims | - | 0.61 | 0.98 | 1.34 | 1.55 |
| Selling And Marketing Expense | - | 0.52 | 0.63 | 0.93 | 0.74 |
| Amortization | - | 0.10 | 0.08 | 0.07 | 0.05 |
| Amortization Of Intangibles Income Statement | - | 0.10 | 0.08 | 0.07 | 0.05 |
| Occupancy And Equipment | - | 4.97 | 5.08 | 5.05 | 5.48 |
| Professional Expense And Contract Services Expense | - | 1.72 | 1.68 | 2.17 | 1.91 |
| Other Non Interest Expense | - | 11.06 | 11.47 | 14.04 | 13.24 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Norwood Financial Corp.this co. | NWFL | $329M | 11.86↑ premium | 1.36 | 11.5% | - |
| Avidbank Holdings, Inc. | AVBH | $338M | -17.30 | 1.20 | -7.0% | - |
| Chemung Financial Corporation | CHMG | $336M | 22.26 | 1.32 | 5.9% | - |
| Waterstone Financial, Inc. | WSBF | $336M | 12.72 | 0.96 | 7.6% | - |
| Regional Management Corp. | RM | $331M |
| - |
| - |
| - |
| - |
| - |
| 7.45 |
| 0.89 |
| 11.9% |
| - |
| The First Bancorp, Inc. | FNLC | $331M | 9.62 | 1.17 | 12.1% | - |
| LINKBANCORP, Inc. | LNKB | $326M | 9.72 | 1.06 | 10.9% | - |
| Timberland Bancorp, Inc. | TSBK | $323M | 11.08 | 1.23 | 11.1% | - |
| American Integrity Insurance Group, Inc. | AII | $321M | 3.22 | 0.95 | 29.6% | - |
| Peer Median | - | 9.67 | 1.12 | 11.0% | - | |