Norwood Financial Past Earnings Performance
Past criteria checks 4/6
Norwood Financial's earnings have been declining at an average annual rate of -15.8%, while the Banks industry saw earnings growing at 3.2% annually. Revenues have been declining at an average rate of 0.3% per year. Norwood Financial's return on equity is 9.1%, and it has net margins of 27.8%.
Key information
-15.83%
Earnings growth rate
-18.34%
EPS growth rate
| Banks Industry Growth | 11.18% |
| Revenue growth rate | -0.31% |
| Return on equity | 9.06% |
| Net Margin | 27.76% |
| Next Earnings Update | 22 Jul 2026 |
Recent past performance updates
Recent updates
Narrative Update • Jun 26
NWFL: Future P/E Reassessment And Completed Buybacks Point To Balanced Outlook
Analysts have raised their price target on Norwood Financial to $33.50 from $28.00, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and a higher potential future P/E multiple. What’s in the News for Norwood Financial Norwood Financial reported that from January 1, 2026 to March 31, 2026, it repurchased 0 shares for $0 million under the buyback program announced on May 12, 2008, while confirming that a total of 221,080 shares, or 3.12%, have been repurchased for $5.46 million under this program.Seeking Alpha • Jan 26
The Story Of Norwood Financial Is Improving
Summary Norwood Financial Corporation (NWFL) delivered a strong FY 2025 turnaround, with EPS up 45.4% and improved key financial metrics. NWFL trades at a below-average valuation (PE 8.24, TBV multiple 1.21) and offers a 4.6% forward dividend yield, marking eight consecutive years of increases. The PB BancShares acquisition expands assets by 20%, but integration risks remain due to PB's below-average performance metrics and CRE concentration. I maintain a Hold rating on NWFL, awaiting post-merger results, yet acknowledge a more optimistic outlook than in prior quarters. Read the full article on Seeking AlphaAnalysis Article • Jan 06
Norwood Financial (NASDAQ:NWFL) Is Increasing Its Dividend To $0.32
Norwood Financial Corp. ( NASDAQ:NWFL ) has announced that it will be increasing its dividend from last year's...Analysis Article • Dec 20
Norwood Financial (NASDAQ:NWFL) Is Paying Out A Larger Dividend Than Last Year
Norwood Financial Corp. ( NASDAQ:NWFL ) will increase its dividend from last year's comparable payment on the 2nd of...Seeking Alpha • Aug 27
Norwood Financial: Still On The Sidelines Despite A Solid Loan Book
Summary Norwood Financial's net interest income decreased by over 4% YoY due to a $5.1M rise in interest expenses, impacting overall profitability. The bank's loan book, especially the $1.62B in real estate loans, remains a focal point, with a significant portion in commercial real estate. Despite a rise in non-accruing loans in the CRE segment, the overall quality of the loan book appears manageable, with a decrease in total past due and non-accruing loans. At a P/E ratio of 13-14 and a 50% premium to tangible book value, Norwood Financial remains a 'hold' until stronger performance is evident. Read the full article on Seeking AlphaAnalysis Article • Sep 22
Norwood Financial (NASDAQ:NWFL) Will Pay A Dividend Of $0.29
Norwood Financial Corp. ( NASDAQ:NWFL ) will pay a dividend of $0.29 on the 1st of November. This means that the annual...Analysis Article • Jul 04
Norwood Financial's (NASDAQ:NWFL) Dividend Will Be $0.29
The board of Norwood Financial Corp. ( NASDAQ:NWFL ) has announced that it will pay a dividend on the 1st of August...Analysis Article • Jun 20
Norwood Financial (NASDAQ:NWFL) Is Due To Pay A Dividend Of $0.29
The board of Norwood Financial Corp. ( NASDAQ:NWFL ) has announced that it will pay a dividend of $0.29 per share on...Analysis Article • Jun 07
Do Norwood Financial's (NASDAQ:NWFL) Earnings Warrant Your Attention?
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Analysis Article • Apr 05
Norwood Financial's (NASDAQ:NWFL) Upcoming Dividend Will Be Larger Than Last Year's
Norwood Financial Corp.'s ( NASDAQ:NWFL ) dividend will be increasing from last year's payment of the same period to...Seeking Alpha • Sep 16
Norwood Financial declares $0.28 dividend
Norwood Financial (NASDAQ:NWFL) declares $0.28/share quarterly dividend, in line with previous. Forward yield 4.21% Payable Nov. 1; for shareholders of record Oct. 14; ex-div Oct. 13. See NWFL Dividend Scorecard, Yield Chart, & Dividend Growth.Seeking Alpha • Jul 22
Norwood Financial GAAP EPS of $0.84, revenue of $19.38M
Norwood Financial press release (NASDAQ:NWFL): Q2 GAAP EPS of $0.84. Revenue of $19.38M (+6.3% Y/Y).Seeking Alpha • Jul 10
Norwood Financial: The Book Value Gets Hit Despite Good Results
Norwood Financial reported excellent results in the first quarter and remains firmly on track to report in excess of $3/share in earnings this year. The share price has likely been held back by the decreasing book value per share. That's caused by an increase in unrealized losses on securities, due to the increasing interest rates. I'm on the sidelines until I see how the interest rate risk plays out, but I like how this bank is run. Introduction I have written a few articles on Norwood Financial (NWFL) the holding company for the Wayne Bank, a bank active in New York and Pennsylvania. In my most recent article I started considering Norwood Financial for its dividend yield as the bank was yielding about 4% with a payout ratio of less than 40%. The quarterly dividend now represents a yield in excess of 4.5% as the share price has come down, so I wanted to check if this would be a good moment to add Norwood to my portfolio. Data by YCharts The First Quarter Of The Year Was Very Satisfying The bank performed well in the first quarter. It was able to keep its interest income stable at around $17.3M and as the interest expenses decreased by a few hundred thousand dollars to $1.25M, the net interest income increased from just under $15.8M to $16.1M. That’s up 2% and probably as good as it gets for the bank. Increasing interest rates should help to boost its net interest income profile down the road. Norwood FInancial Investor Relations The bank also reported a total non-interest income of $3.3M and a non-interest expense total of just under $10.2M, for a total net non-interest expense of approximately $6.8M. That’s a better achievement than the $7.5M in Q1 of last year, although this was caused by some non-recurring items, so we shouldn’t read too much into it. In any case, it did provide a nice boost to the pre-tax income which jumped to almost $9M, also helped by lower loan loss provisions as the amount of provisions fell by about 80% to just $300,000 in the first quarter. The net income was approximately $7.1M or $0.87 per share. This means the quarterly dividend of $0.28 per share is handsomely covered, and the payout ratio is just over 30%. That being said, keep in mind there were some non-recurring items that contributed to a great quarterly result, so the normalized earnings will likely be a bit lower, going forward. But in any case, a good quarter for Norwood Financial. The low allowance for loan losses isn’t something to be too worried about, as the vast majority of the loans are current. Looking at the breakdown below, less than $9M of the $1.37B loan book is classified as past due or impaired. With in excess of $16M in booked loan loss provisions and knowing the bank will always be able to recoup some of the $9M in sour loans, I still think the situation is healthy and Norwood isn’t overly optimistic at this point. Norwood FInancial Investor Relations Despite The Strong Earnings Result, The Book Value Per Share Decreased Rather Dramatically You would think that if a bank reports an EPS of $0.87 and pays out $0.28 per share in dividends, it would see its book value increase by $0.59/share. As Norwood has 8.2M shares outstanding, you would expect to see the book value increase by almost $5M. But as you can see below, on the liabilities side of the balance sheet, that didn’t happen. Not only did the book value not increase, it actually decreased by almost 10% to just under $187M. Norwood FInancial Investor Relations Due to the higher interest rates, the bank’s investment securities have lost some of their value. In the first quarter of 2022, the bank saw its unrealized losses on the securities portfolio increase by in excess of $27M, while there was a $2.6M decrease in unrealized gains. The combination of both weighed on the book value of the bank.Seeking Alpha • Apr 06
Norwood Financial: A 4% Yield With A Sub-40% Payout Ratio
Norwood Financial is the holding company for the Wayne Bank, a community bank in Pennsylvania and New York. The bank's reported net income was pretty decent in 2021 despite not seeing a material decrease in the loan loss provisions. The dividend yield is more than fully covered and should be safe.Analysis Article • Mar 17
Norwood Financial (NASDAQ:NWFL) Has Announced That It Will Be Increasing Its Dividend To US$0.28
The board of Norwood Financial Corp. ( NASDAQ:NWFL ) has announced that it will be increasing its dividend on the 2nd...Analysis Article • Dec 21
Norwood Financial (NASDAQ:NWFL) Is Increasing Its Dividend To US$0.28
Norwood Financial Corp. ( NASDAQ:NWFL ) will increase its dividend on the 1st of February to US$0.28. This will take...Seeking Alpha • Nov 05
Norwood Financial Corp.: There Is No Reason To Dislike This One
Norwood Financial Corp. is a regional bank with healthy and stable operations. Market expansion and acquisition will lead to more growth opportunities. The stock is a good investment choice in the current market environment.Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Norwood Financial makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 93 | 26 | 44 | 0 |
| 31 Dec 25 | 86 | 28 | 41 | 0 |
| 30 Sep 25 | 61 | 8 | 41 | 0 |
| 30 Jun 25 | 54 | 3 | 40 | 0 |
| 31 Mar 25 | 50 | 1 | 39 | 0 |
| 31 Dec 24 | 48 | 0 | 39 | 0 |
| 30 Sep 24 | 62 | 13 | 37 | 0 |
| 30 Jun 24 | 62 | 13 | 36 | 0 |
| 31 Mar 24 | 64 | 15 | 36 | 0 |
| 31 Dec 23 | 65 | 17 | 35 | 0 |
| 30 Sep 23 | 72 | 24 | 35 | 0 |
| 30 Jun 23 | 76 | 28 | 34 | 0 |
| 31 Mar 23 | 76 | 28 | 34 | 0 |
| 31 Dec 22 | 77 | 29 | 33 | 0 |
| 30 Sep 22 | 77 | 29 | 33 | 0 |
| 30 Jun 22 | 75 | 28 | 32 | 0 |
| 31 Mar 22 | 72 | 27 | 32 | 0 |
| 31 Dec 21 | 69 | 25 | 31 | 0 |
| 30 Sep 21 | 68 | 24 | 31 | 0 |
| 30 Jun 21 | 65 | 22 | 30 | 0 |
| 31 Mar 21 | 58 | 18 | 28 | 0 |
| 31 Dec 20 | 53 | 15 | 26 | 0 |
| 30 Sep 20 | 47 | 13 | 24 | 0 |
| 30 Jun 20 | 43 | 12 | 22 | 0 |
| 31 Mar 20 | 44 | 14 | 23 | 0 |
| 31 Dec 19 | 44 | 14 | 22 | 0 |
| 30 Sep 19 | 43 | 14 | 22 | 0 |
| 30 Jun 19 | 43 | 14 | 22 | 0 |
| 31 Mar 19 | 43 | 14 | 21 | 0 |
| 31 Dec 18 | 42 | 14 | 21 | 0 |
| 30 Sep 18 | 42 | 11 | 20 | 0 |
| 30 Jun 18 | 41 | 10 | 20 | 0 |
| 31 Mar 18 | 40 | 9 | 20 | 0 |
| 31 Dec 17 | 40 | 8 | 19 | 0 |
| 30 Sep 17 | 39 | 10 | 20 | 0 |
| 30 Jun 17 | 37 | 8 | 19 | 0 |
| 31 Mar 17 | 34 | 7 | 18 | 0 |
| 31 Dec 16 | 32 | 7 | 17 | 0 |
| 30 Sep 16 | 27 | 4 | 15 | 0 |
| 30 Jun 16 | 25 | 6 | 13 | 0 |
| 31 Mar 16 | 24 | 6 | 13 | 0 |
| 31 Dec 15 | 25 | 6 | 13 | 0 |
| 30 Sep 15 | 27 | 7 | 13 | 0 |
Quality Earnings: NWFL has high quality earnings.
Growing Profit Margin: NWFL's current net profit margins (27.8%) are higher than last year (2.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: NWFL's earnings have declined by 15.8% per year over the past 5 years.
Accelerating Growth: NWFL's earnings growth over the past year (2079%) exceeds its 5-year average (-15.8% per year).
Earnings vs Industry: NWFL earnings growth over the past year (2079%) exceeded the Banks industry 23.3%.
Return on Equity
High ROE: NWFL's Return on Equity (9.1%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/08 00:18 |
| End of Day Share Price | 2026/07/08 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Norwood Financial Corp. is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Daniel Cardenas | Brean Capital Historical (Janney Montgomery) |
| null null | Stephens, Inc. |
| Matthew Breese | Stephens, Inc. |