# Norwood Financial Corp. (NWFL)

> Source: Nexqual · https://nexqual.com/NWFL · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, Norwood Financial Corp. (NWFL), nexqual.com/NWFL" · informational, not investment advice.

**Price:** USD 34.77 (+0.58% on the day) · last close of Oct 23, 2026; US market after hours, not a live price. Prev close 34.57 · day 33.79–34.9 · 52w 25.5–35.48 · market cap $379M · NGM

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $103M, net income $28.8M (28.0% margin) (SEC filings).
- Valuation: P/E 13.1x (avg 12.6x at the last 2 fiscal year-ends).
- Analysts: Hold (mean 2.50 on a 1–5 scale) (2 analysts), mean target USD 36.5 (range 35–38).
- Total return with dividends: 1Y +35.8% vs S&P 500 +13.4%; 5Y +65.1% vs S&P 500 +76.9%.
- Next earnings: 2026-10-27, EPS estimate USD 0.95, revenue estimate $30.0M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $73.7M | $78.3M | $70.2M | $51.0M | $87.9M | $103M |
| Net income | $24.9M | $29.2M | $16.8M | -$160K | $27.8M | $28.8M |
| EPS (diluted) | $3.04 | $3.58 | $2.07 | -$0.02 | $3.01 | — |
| Free cash flow | $27.9M | $28.6M | $28.4M | $19.7M | $29.2M | $30.0M |
| Net margin | 33.8% | 37.3% | 23.9% | -0.3% | 31.6% | 28.0% |
| Revenue growth | +26.5% | +6.3% | -10.4% | -27.3% | +72.3% | — |
| Cash + short-term investments | $207M | $31.9M | $66.1M | $72.3M | $44.4M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 13.1x · P/S 3.7x · P/FCF 12.7x · P/B 1.3x · FCF yield 7.90% · Earnings yield 7.61% · Dividend yield (paid, TTM) 3.36%
P/E at fiscal year-ends: Dec 2025 9.3x, Dec 2023 15.9x.

## Analysts
Consensus Hold (mean 2.50 on a 1–5 scale), 2 analysts; mean target USD 36.5 (low 35, high 38).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-07-23 | Stephens & Co. | Target raised | Equal-Weight | $34 → $35 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +35.8% | +65.1% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | +35.9% | +10.6% |
| Volatility (annualized) | 25.3% | 28.6% |
| Max drawdown | -12.9% (Feb 2026→Mar 2026) | -30.8% (Dec 2023→Apr 2025) |

## Peers (Banks - Regional)
BBD (Banco Bradesco Sa) USD 4.07 +3.04% · FITB (Fifth Third Bancorp) USD 52.98 -0.47% · DB (Deutsche Bank AG) USD 31.2 -0.89% · TFC (Truist Financial Corporation) USD 48.44 +0.04% · NWG (NatWest Group plc) USD 16.8 -1.12% · NU (Nu Holdings Ltd.) USD 15.16 +2.92%

## More
Full page: https://nexqual.com/NWFL · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Service Charges & Fees | $1.7M | 79.3% | +10.0% |
| — Debit Card (part of Service Charges & Fees) | $677,000 | 32.2% | +22.0% |
| — Overdraft Fees (part of Service Charges & Fees) | $456,000 | 21.7% | +18.4% |
| — Fiduciary & Trust (part of Service Charges & Fees) | $248,000 | 11.8% | +9.7% |
| — Deposit Account (part of Service Charges & Fees) | $140,000 | 6.7% | +19.7% |
| — Commissions On Mutual Funds & Annuities (part of Service Charges & Fees) | $83,000 | 3.9% | -57.2% |
| — Atm Fees (part of Service Charges & Fees) | $45,000 | 2.1% | -26.2% |
| — Safe Deposit Box Rental (part of Service Charges & Fees) | $16,000 | 0.8% | -23.8% |
| Fiduciary Activities | $248,000 | 11.8% | +9.7% |
| Financial Service Other | $232,000 | 11.0% | +31.1% |
| Loan Related Service Fees | $205,000 | 9.8% | +54.1% |
| Total revenue | $2.1M | 100% | — |
The lines above cover 111.8% of total revenue.

## Company outlook (8-K filed 2026-07-22)

- "Forward-Looking Statements In addition to historical information, this earnings release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which describes the future plans, strategies and expectations of the Company."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.94 | $0.91 | +3.8% | $30.0M | 2 |
| Next quarter (ends 2026-12-31) | $0.94 | $0.91 | +3.8% | $30.3M | 2 |
| Current fiscal year (ends 2026-12-31) | $3.48 | $3.40 | +2.2% | $116.9M | 2 |
| Next fiscal year (ends 2027-12-31) | $3.88 | $3.65 | +6.0% | $125.3M | 2 |