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NORWOOD FINANCIAL CORP
NWFLCIK 0001013272NasdaqAcceleratedSmaller ReportingState Commercial BanksPennsylvaniaFY ends Dec 31
Period
FY 2025
Revenue
$8.00M
Net Income
$27.75M
Total Assets
$2.42B
Equity
$242.16M
Shares Out
10.89M
Op. Cash Flow
$33.97M
Business
Norwood Financial Corp is a bank holding company that owns Wayne Bank, a Pennsylvania-chartered community bank. Wayne Bank offers personal and business credit services, trust and investment products, and real estate settlement services through offices in Northeastern Pennsylvania and New York. The company operates a wealth management department and generates brokerage and insurance revenues through its subsidiary Norwood Investment Corp.
Summary from 10-K filed 2026-03-13
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Loans receivable, including fees | 110 | 99 | 85 | 66 | 65 | |
| Securities: Taxable | 15 | 9 | 8 | 7 | 4 | |
| Securities: Tax exempt | 991,000 | 1 | 2 | 2 | 1 | |
| Interest-bearing deposits with banks | 1 | 3 | 409,000 | 602,000 | 266,000 | |
| Total interest income | 127 | 113 | 96 | 76 | 71 | |
| Deposits | 44 | 42 | 26 | 6 | 5 | |
| Short-term borrowings | 798,000 | 1 | 3 | 524,000 | 284,000 | |
| Other borrowings | 4 | 7 | 4 | 274,000 | 716,000 | |
| Total Interest Expense | 48 | 50 | 33 | — | — | |
| Net Interest Income | 78 | 62 | 62 | 68 | 65 | |
| Provision for credit losses | 2 | 3 | — | — | — | |
| (Release of) provision for off balance sheet commitments | −156,000 | 127,000 | — | — | — | |
| Total Provision for credit losses | 2 | 3 | 6 | 900,000 | 4 | |
| Net Interest Income After Provision for Credit Losses | 77 | 60 | 57 | 67 | 61 | |
| Other income | 8 | 7 | 7 | 9 | 7 | |
| Net realized losses on sales of securities | — | −20 | −209,000 | 3,000 | 92,000 | |
| Net gain on sale of loans | 326,000 | 195,000 | 63,000 | 3,000 | 177,000 | |
| Net gain on sale of foreclosed real estate owned | — | 32,000 | 80,000 | 427,000 | 36,000 | |
| Earnings and proceeds on life insurance policies | 1 | 1 | 1 | 1 | 941,000 | |
| Other | 749,000 | 626,000 | 667,000 | 2 | 674,000 | |
| Total Other Income (Loss) | 10 | −11 | 8 | 10 | 8 | |
| Salaries and employee benefits | 27 | 25 | 24 | 22 | 21 | |
| Occupancy | 4 | 4 | 4 | 4 | 4 | |
| Furniture and equipment | 1 | 1 | 1 | 1 | 1 | |
| Data processing and related operations | 5 | 5 | 3 | 3 | 2 | |
| Federal Deposit Insurance Corporation insurance assessment | 2 | 1 | 985,000 | 612,000 | 681,000 | |
| Advertising | 742,000 | 930,000 | 630,000 | 516,000 | 473,000 | |
| Professional fees | 2 | 2 | 2 | 2 | 2 | |
| Postage and telephone | 1 | 1 | 981,000 | 959,000 | 993,000 | |
| Taxes, other than income | 770,000 | 615,000 | 566,000 | 1 | 1 | |
| Foreclosed real estate | 142,000 | 54,000 | 129,000 | 73,000 | 151,000 | |
| Amortization of intangible assets | 54,000 | 69,000 | 85,000 | 101,000 | 123,000 | |
| Merger | 1 | — | — | — | — | |
| Other | 6 | 8 | 6 | 6 | 6 | |
| Total Other Expenses | 51 | 49 | 43 | 41 | 39 | |
| Income (loss) before Income Taxes | 35 | −258,000 | 21 | 36 | 31 | |
| INCOME TAX EXPENSE (BENEFIT) | 7 | −98,000 | 4 | 7 | 6 | |
| Net income (loss) | 28 | −160,000 | 17 | 29 | 25 | |
| BASIC EARNINGS (LOSS) PER SHARE | 3.01 | −0.02 | 2.08 | 3.59 | 3.05 | |
| DILUTED EARNINGS (LOSS) PER SHARE | 3.01 | −0.02 | 2.07 | 3.58 | 3.04 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and due from banks | 32 | 28 | 29 | 29 | 21 | |
| Interest-bearing deposits with banks | 12 | 45 | 38 | 3 | 186 | |
| Cash and cash equivalents | 44 | 72 | 66 | 32 | 207 | |
| Securities available for sale | 409 | 398 | 406 | 419 | 407 | |
| Loans receivable (net of allowance for credit losses 2025: $19,882; 2024: $19,843) | 1,834 | 1,694 | 1,585 | — | — | |
| Regulatory stock, at cost | 7 | 13 | 7 | 5 | 4 | |
| Premises and equipment, net | 23 | 20 | 18 | 18 | 17 | |
| Bank owned life insurance | 46 | 47 | 46 | 43 | 40 | |
| Accrued interest receivable | 9 | 8 | 8 | 7 | 6 | |
| Foreclosed real estate owned | 771,000 | 0 | 97,000 | 346,000 | 2 | |
| Deferred tax assets, net | 15 | 18 | 21 | 24 | 9 | |
| Goodwill | 29 | 29 | 29 | 29 | 29 | |
| Other intangibles | 98,000 | 152,000 | 221,000 | 306,000 | 407,000 | |
| Other assets | 8 | 18 | 13 | 12 | 9 | |
| Total Assets | 2,425 | 2,317 | 2,201 | 2,047 | 2,069 | |
| Noninterest-bearing demand | 420 | 381 | 400 | 435 | 441 | |
| Interest-bearing demand | 404 | 316 | 253 | 238 | 197 | |
| Money market deposit accounts | 188 | 184 | 207 | 273 | 309 | |
| Savings | 201 | 210 | 226 | 278 | 281 | |
| Time | 865 | 768 | 709 | 504 | 529 | |
| Total Deposits | 2,079 | 1,859 | 1,795 | 1,728 | 1,757 | |
| Short-term borrowings | 15 | 113 | 74 | 93 | 61 | |
| Other borrowings | 59 | 102 | 124 | 40 | 30 | |
| Accrued interest payable | 12 | 13 | 11 | 3 | 1 | |
| Other liabilities | 18 | 17 | 16 | 16 | 14 | |
| Total Liabilities | 2,183 | 2,104 | 2,020 | 1,880 | 1,863 | |
| Preferred stock, no par value, authorized: 5,000,000 shares, issued: none | — | — | — | — | — | |
| Common stock, $0.10 par value, authorized: 20,000,000 shares, issued: 2025: 9,516,503 shares, 2024: 9,487,068 shares | 952,000 | 949,000 | 831,000 | 829,000 | 827,000 | |
| Surplus | 127 | 127 | 98 | 97 | 96 | |
| Retained earnings | 141 | 125 | 135 | 130 | 110 | |
| Treasury stock at cost: 2025: 222,645 shares; 2024: 214,161 shares | −6 | −6 | −5 | −3 | −2 | |
| Accumulated other comprehensive loss | −21 | −33 | −47 | −57 | −256,000 | |
| Total Stockholders' Equity | 242 | 214 | 181 | 167 | 205 | |
| Total Liabilities and Stockholders' Equity | 2,425 | 2,317 | 2,201 | 2,047 | 2,069 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation | 1 | 1 | 1 | 1 | 1 | |
| Deferred income taxes | −94,000 | −125,000 | 583,000 | 419,000 | −383,000 | |
| Net (accretion) amortization of securities premiums and discounts | −623,000 | 590,000 | 841,000 | 1 | 2 | |
| Net realized loss on sales of securities | — | 20 | 209,000 | −3,000 | −92,000 | |
| Earnings and proceeds on life insurance policies | −1 | −1 | −1 | −1 | −941,000 | |
| Gain on sales of fixed assets and foreclosed real estate owned | −9,000 | −32,000 | 96,000 | −379,000 | 108,000 | |
| Net amortization of loan fees | 756,000 | 653,000 | 602,000 | −217,000 | −3 | |
| Net gain on sale of loans | −326,000 | −195,000 | −63,000 | −3,000 | −177,000 | |
| Mortgage loans originated for sale | −13 | −9 | −5 | −845,000 | — | |
| Proceeds from sale of loans originated for sale | 13 | 9 | 5 | 848,000 | — | |
| Compensation expense related to stock options | 248,000 | 346,000 | 401,000 | 269,000 | 214,000 | |
| Compensation expense related to restricted stock | 528,000 | 375,000 | 429,000 | 372,000 | 335,000 | |
| Increase in accrued interest receivable | −784,000 | −343,000 | −1 | −1 | 343,000 | |
| (Decrease) increase in accrued interest payable | −477,000 | 2 | 8 | 1 | −398,000 | |
| Other, net | 5 | −4 | −3 | −2 | 1 | |
| Net Cash Provided by Operating Activities | 34 | 23 | 30 | 31 | 29 | |
| Proceeds from sales | 0 | 155 | 3 | 5 | 11 | |
| Proceeds from maturities and principal reductions on mortgage-backed securities | 68 | 59 | 34 | 41 | 68 | |
| Purchases | −63 | −208 | −13 | −131 | −268 | |
| Purchase of regulatory stock | −18 | −19 | −17 | −6 | −4 | |
| Redemption of regulatory stock | 25 | 13 | 15 | 5 | 4 | |
| Net increase in loans | −137 | −113 | −136 | −119 | 58 | |
| Proceeds from bank-owned life insurance | 2 | 838,000 | 437,000 | 761,000 | 511,000 | |
| Purchase of premises and equipment | −5 | −3 | −1 | −2 | −1 | |
| Proceeds from sales of foreclosed real estate owned | — | 109,000 | 662,000 | 2 | 291,000 | |
| Net Cash Used for Investing Activities | −129 | −115 | −117 | −208 | −131 | |
| Net increase in deposits | 219 | 64 | 67 | −29 | 221 | |
| Net (decrease) increase in short-term borrowings | −98 | 39 | −19 | 32 | −2 | |
| Repayments of other borrowings | −82 | −82 | −71 | −30 | −12 | |
| Proceeds from other borrowings | 40 | 60 | 155 | 40 | — | |
| Stock options exercised | 80,000 | 269,000 | 886,000 | 657,000 | 394,000 | |
| Sale of treasury stock for ESOP | 98,000 | 100,000 | 100,000 | 132,000 | 130,000 | |
| Acquisition of treasury stock | −361,000 | −703,000 | −3 | −3 | −1 | |
| Common stock Issuance | — | 28 | — | — | — | |
| Cash dividends paid | −11 | −10 | −9 | −9 | −9 | |
| Net Cash Provided by Financing Activities | 67 | 99 | 121 | 2 | 197 | |
| Net (Decrease) Increase in Cash and Cash Equivalents | −28 | 6 | 34 | −175 | 95 | |
| Interest paid | 49 | 48 | 26 | 6 | 6 | |
| Income taxes paid, net of refunds | 3 | 3 | 5 | 7 | 5 | |
| Transfers of loans to foreclosed real estate owned and repossession of other assets | 3 | 2 | 2 | 776,000 | 2 | |
| Dividends payable | 3 | 3 | 2 | 2 | 2 | |
| Right of use for operating leases | — | 417,000 | — | — | — | |
| Lease liability for operating leases | — | 418,000 | — | — | — |
Filings
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Holdings (13F)
Portfolio as of 2026-01-14 · 374 positions
Reported AUM
$68.90M
Holdings
374
Top sector
$68.90M
Top sectors
| Sector | Value | % of portfolio |
|---|---|---|
| Uncategorized | $68.90M | 100.0% |
Top holdings
| Issuer | Ticker | Shares | Value | % |
|---|---|---|---|---|
| NORWOOD FINANCIAL CORP | — | 203.2K | $5.81M | 8.4% |
| NORWOOD FINANCIAL CORP | — | 187.1K | $5.35M | 7.8% |
| VANGUARD LARGE CAP GROWTH ETF | — | 10.8K | $3.12M | 4.5% |
| VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD | — | 28.0K | $2.19M | 3.2% |
| ISHARES S&P 600 SMALL CAP GROWTH ETF | — | 14.2K | $1.78M | 2.6% |
| MICROSOFT CORP | — | 5.2K | $1.62M | 2.4% |
| VANGUARD LARGE CAP VALUE ETF | — | 10.9K | $1.60M | 2.3% |
| ABBVIE INC | — | 7.6K | $1.23M | 1.8% |
| APPLE INCORPORATED | — | 7.0K | $1.23M | 1.8% |
| VANGUARD SCOTTSDALE FDS INT TERM CORP | — | 13.1K | $1.13M | 1.6% |
Frequently asked questions
What is NORWOOD FINANCIAL CORP's CIK number?
NORWOOD FINANCIAL CORP's SEC CIK number is 0001013272 (1013272). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find NORWOOD FINANCIAL CORP's SEC filings?
All of NORWOOD FINANCIAL CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did NORWOOD FINANCIAL CORP last report earnings?
NORWOOD FINANCIAL CORP (NWFL) most recently filed an earnings 8-K with the SEC on Apr 27, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-179294). This is NORWOOD FINANCIAL CORP's most recent earnings filing of record — not a forecast of its next earnings date.
What is NORWOOD FINANCIAL CORP's most recent earnings 8-K?
NORWOOD FINANCIAL CORP's latest earnings 8-K (Item 2.02) was filed Apr 27, 2026 under accession 0001193125-26-179294. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View NORWOOD FINANCIAL CORP's latest earnings 8-K →
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