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…
Earnings analysis · 10-Q
NWFL earnings analysis
Filed May 8, 2026 · Our reading of the company's report
The latest report
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,…
Read full summary
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.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.72
What stood out
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Revenue Decline vs. Prior Quarter
Q1 2026 revenue of $27.3M declined from $32M in Q4 2025, showing a decrease of 14.4%.
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EPS Missed Expectations
EPS for Q1 2026 was $0.72, missing consensus estimates of $0.81 by 11.1%.
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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.
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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.
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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.
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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.
What to watch
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Merger-Related Expenses
Q1 2026 saw a $4.9 million increase in merger-related expenses, negatively impacting net income.
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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.
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Liquidity Under Pressure
Though liquidity is currently adequate, economic conditions and interest rate fluctuations pose ongoing risks to maintaining this position.
Management's outlook
Management discussed merger synergies as a future growth driver but did not provide numeric guidance.
Earlier filings 4
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 itself. Analysis can contain errors; check the source document for full context.