Norwood Financial Corp. (NWFL)

Norwood Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	104.69	99.39	85.21	66.01	65.26	54.05
Interest Income on Investments	14.57	13.19	10.33	9.65	5.81	4.41
Total Interest Income	119.26	112.58	95.54	75.67	71.07	58.46
Interest Paid on Deposits	43.16	42.33	26.03	6.47	4.76	6.61
Interest Paid on Borrowings	6.63	8.06	7.44	0.8	1	1.37
Total Interest Expense	49.78	50.39	33.47	7.27	5.76	7.98
Net Interest Income	69.48	62.19	62.07	68.4	65.31	50.48
Net Interest Income Growth (YoY)	15.86%	0.20%	-9.25%	4.72%	29.39%	30.75%
Trust Income	1.03	0.94	0.9	0.85	0.75	0.68
Gain (Loss) on Sale of Investments	-19.96	-19.96	-0.21	0	0.09	0.07
Other Non-Interest Income	7.87	7.64	7.29	8.65	7.31	6.5
Total Non-Interest Income	-10.77	-11.15	8.12	9.93	8.36	7.78
Non-Interest Income Growth (YoY)	-	-	-18.20%	18.79%	7.47%	14.78%
Revenues Before Loan Losses	58.71	51.04	70.19	78.33	73.67	58.26
Provision for Loan Losses	4.76	2.67	5.55	0.9	4.2	5.45
Revenue	53.96	48.37	64.64	77.43	69.47	52.81
Revenue Growth (YoY)	-12.81%	-25.18%	-16.51%	11.45%	31.56%	19.65%
Salaries and Employee Benefits	25.31	24.3	22.74	21.43	20.06	16.59
Federal Deposit Insurance	1.44	1.34	0.99	0.61	0.68	0.4
Amortization of Goodwill & Intangibles	0.06	0.07	0.09	0.1	0.12	0.11
Selling, General & Administrative	14.88	14.48	12.54	11.75	10.83	9.57
Other Non-Interest Expense	7.97	8.38	7.02	7.08	6.77	5.67
Total Non-Interest Expense	50.05	48.63	43.5	41.04	38.61	32.39
EBT Excluding Unusual Items	3.91	-0.26	21.15	36.39	30.86	20.42
Pretax Income	3.91	-0.26	21.15	36.39	30.86	18.37
Income Tax Expense	0.74	-0.1	4.39	7.15	5.95	3.29
Net Income	3.17	-0.16	16.76	29.23	24.92	15.08
Net Income to Common	3.17	-0.16	16.76	29.23	24.92	15.08
Net Income Growth	-75.82%	-	-42.67%	17.33%	65.22%	6.08%
Basic Shares Outstanding	9	8	8	8	8	7
Diluted Shares Outstanding	9	8	8	8	8	7
Shares Change (YoY)	7.59%	0.11%	-1.14%	-0.27%	13.40%	14.18%
EPS (Basic)	0.37	-0.02	2.08	3.59	3.05	2.09
EPS (Diluted)	0.37	-0.02	2.07	3.58	3.04	2.09
EPS Growth	-77.51%	-	-42.18%	17.76%	45.45%	-7.11%
Dividend Per Share	1.230	1.210	1.170	1.130	1.060	1.010
Dividend Growth	3.36%	3.42%	3.54%	6.60%	4.95%	4.12%
Effective Tax Rate	18.94%	-	20.75%	19.66%	19.26%	17.89%

Updated Apr 17, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q