Norwood Financial Corp. (NWFL)

Norwood Financial Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	96.59	85.21	66.01	65.26	54.05	41.89
Interest Income on Investments	12.59	10.33	9.65	5.81	4.41	5.4
Total Interest Income	109.18	95.54	75.67	71.07	58.46	47.28
Interest Paid on Deposits	40.26	26.03	6.47	4.76	6.61	7.14
Interest Paid on Borrowings	8.06	7.44	0.8	1	1.37	1.54
Total Interest Expense	48.32	33.47	7.27	5.76	7.98	8.68
Net Interest Income	60.86	62.07	68.4	65.31	50.48	38.61
Net Interest Income Growth (YoY)	-4.92%	-9.25%	4.72%	29.39%	30.75%	4.80%
Trust Income	0.93	0.9	0.85	0.75	0.68	0.61
Gain (Loss) on Sale of Investments	-	-0.21	0	0.09	0.07	0.25
Other Non-Interest Income	7.42	7.29	8.65	7.31	6.5	5.75
Total Non-Interest Income	8.63	8.12	9.93	8.36	7.78	6.78
Non-Interest Income Growth (YoY)	8.88%	-18.20%	18.79%	7.47%	14.78%	-4.06%
Revenues Before Loan Losses	69.49	70.19	78.33	73.67	58.26	45.38
Provision for Loan Losses	7.19	5.55	0.9	4.2	5.45	1.25
Revenue	62.31	64.64	77.43	69.47	52.81	44.13
Revenue Growth (YoY)	-13.71%	-16.51%	11.45%	31.56%	19.65%	4.64%
Salaries and Employee Benefits	23.24	22.74	21.43	20.06	16.59	14.16
Federal Deposit Insurance	1.3	0.99	0.61	0.68	0.4	0.15
Amortization of Goodwill & Intangibles	0.07	0.09	0.1	0.12	0.11	0.1
Selling, General & Administrative	13.75	12.54	11.75	10.83	9.57	8.3
Other Non-Interest Expense	7.69	7.02	7.08	6.77	5.67	4.56
Total Non-Interest Expense	46.05	43.5	41.04	38.61	32.39	27.31
EBT Excluding Unusual Items	16.25	21.15	36.39	30.86	20.42	16.82
Pretax Income	16.25	21.15	36.39	30.86	18.37	16.82
Income Tax Expense	3.41	4.39	7.15	5.95	3.29	2.61
Net Income	12.85	16.76	29.23	24.92	15.08	14.22
Net Income to Common	12.85	16.76	29.23	24.92	15.08	14.22
Net Income Growth	-45.44%	-42.67%	17.33%	65.22%	6.09%	4.13%
Basic Shares Outstanding	8	8	8	8	7	6
Diluted Shares Outstanding	8	8	8	8	7	6
Shares Change (YoY)	-0.50%	-1.14%	-0.27%	13.40%	14.18%	0.67%
EPS (Basic)	1.60	2.08	3.59	3.05	2.09	2.27
EPS (Diluted)	1.59	2.07	3.58	3.04	2.09	2.25
EPS Growth	-45.23%	-42.18%	17.76%	45.45%	-7.11%	3.69%
Dividend Per Share	1.200	1.170	1.130	1.060	1.010	0.970
Dividend Growth	3.45%	3.54%	6.60%	4.95%	4.12%	7.78%
Effective Tax Rate	20.96%	20.75%	19.66%	19.26%	17.89%	15.50%

Source: S&P Capital IQ. Banks template. Financial Sources.