NWFL earnings analysis
What we found in NWFL's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Norwood Financial reported Q1 2026 results with total revenue of $27.3 million and EPS of $0.72, both of which fell short of market expectations. This reflects a decline in performance over the previous quarter, highlighting potential challenges as the company absorbs merger-related expenses and continues to navigate a competitive landscape.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Decline vs. Prior Quarter
- Q1 2026 revenue of $27.3M declined from $32M in Q4 2025, showing a decrease of 14.4%.
- EPS Missed Expectations
- EPS for Q1 2026 was $0.72, missing consensus estimates of $0.81 by 11.1%.
- Strong Net Interest Income Growth
- Net interest income rose to $24.7M, up by $6.7M compared to Q1 2025, indicating positive growth in this key area.
- Significant Increase in Loans
- Loans totaled $2.239 billion as of March 31, 2026, a $385.4 million increase from December 31, 2025, primarily due to the PB Bankshares acquisition.
- Liquidity Position Improvement
- Total liquidity increased to $234.3 million as of March 31, 2026, up from $190.8 million as of December 31, 2025.
- Cash Reserves Increased
- Cash and cash equivalents grew to $102.6 million as of March 31, 2026, compared to $44.5 million on December 31, 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Merger-Related Expenses
- Q1 2026 saw a $4.9 million increase in merger-related expenses, negatively impacting net income.
- Increasing Provision for Credit Losses
- Provision for credit losses rose to $1.5 million in Q1 2026 from $857,000 in the same period last year, indicating potential credit risks.
- Liquidity Under Pressure
- Though liquidity is currently adequate, economic conditions and interest rate fluctuations pose ongoing risks to maintaining this position.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.72
What they said about what is next.
Management discussed merger synergies as a future growth driver but did not provide numeric guidance.
The filing reads worse than the one before it.
What came before.
- 10-K · March 13, 2026
- Norwood Financial reports a recovery in 2025 after a pronounced Q4 2024 trough: consolidated assets were $2.425 billion with deposits of $2.183 billion and equity of $242.2 million as of December 31, 2025, while…
- 10-K · March 14, 2025
- Norwood Financial Corp’s 2024 Form 10-K highlights a $2.317 billion consolidated balance sheet with $1.859 billion of deposits and $213.5 million of stockholders’ equity as of December 31, 2024, alongside growth in…
- 10-Q · August 8, 2024
- Norwood Financial Corp reported Q2 2024 results with a revenue increase to $30 million, reflecting growth from $25 million in the same quarter last year. However, gross and operating margins declined, leading to a…
- 10-K · March 14, 2024
- Norwood Financial Corp experienced significant financial challenges in 2023, as evidenced by declining revenue and earnings. Total revenue for Q4 2023 was $17.416 million, with a diluted EPS of $0.04, reflecting…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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