Norwood Financial Corp. · NASDAQ:NWFL
Norwood Financial — Q4 2025 Earnings Presentation
20 slides from Norwood Financial's earnings presentation, Jan 22, 2026
Slide 1: Q4 2025 Earnings Presentation
Q4 2025 Earnings Presentation January 22, 2026
Slide 2: Forward-looking Statements and Additional Information
Forward-looking Statements and Additional Information This presentation contains forward-looking statements within the meaning of the federal securities laws that are made by Norwood Financial Corp (“Norwood”). All statements other than statements of historical fact are statements that could be deem
Slide 3: Q4 2025 Summary
Q4 2025 Summary Selected Financial Highlights Key Messages (all comps Y/Y) $20.9M Net Interest Income 2.93% Net Interest Spread (fte) 1 +62 bps 1 The team delivered a strong Q4 to close out the year with momentum as we build towards a bright future +26% Strong financial position due to Q4 2024 portf
Slide 4: Growing and Fortifying the Norwood Franchise
Growing and Fortifying the Norwood Franchise Growing Our Branch Footprint Fortifying Our Financial Position Cooperstown NASDAQ: NWFL $2.4B Oneonta 33 2 13 Headquarters: Honesdale, PA Total Assets Offices States Counties Honesdale Founded: 1871 $1.9B Scranton Milford Employees: 281 Total Gross Loans
Slide 5: Strength. Security. Stability.
Strength. Security. Stability. Key Tenets for Success Customers Employees Community Shareholders Unified brand: Consolidated Wayne Bank, the Bank of Cooperstown, Bank of the Finger Lakes, and Presence Bank (in April 2026) under single Wayne Bank brand 150+ Years in Business Committed to the same com
Slide 6: Disciplined, Opportunistic Growth Strategy
Disciplined, Opportunistic Growth Strategy A History of Organic Growth and Successful Acquisitions Acquired Branches 1 NY $0.5 PA $0.5 $2.3 $2.4 $2.2 $2.1 $2.0 $0.4 $1.4 $0.2 $1.1 $1.2 $1.2 $0.7 $0.7 $0.7 $0.8 $0.7 $0.5 $0.5 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Slide 7: 2026 Strategic Priorities
2026 Strategic Priorities Focused on Actions that will Create Value and Build Momentum Integrate IT and HR systems to create seamless, unified organization Successfully complete Standardize on operations and customer engagement Presence Bank integration Implement sharing of best practices Implement
Slide 8: Positioning the Bank for Continued Growth
Positioning the Bank for Continued Growth Improving Financial Performance Actions Taken to Drive Results Adjusted Earnings Per Share1 Reduction in EPS from 2022 to 2023 due to reduction in net interest income and increase in provision for credit losses due to rising interest rates $3.58 $3.04 $3.01
Slide 9: Loan Portfolio Overview
Loan Portfolio Overview Small Business Lending, Granular Relationships and Limited Industry Concentration Loan Portfolio By Category Historical Asset Yields C&I 1-4 Family 14% 6.18% 6.22% 6.22% 14% 6.16% 6.08% 6.13% Const & Land 5.90% 5.98% 5.60% 5.69% 5.66% 5% 5.54% 5.31% 5.35% Consumer 5.08% 5.17%
Slide 10: Strong Historical Credit Quality
Strong Historical Credit Quality Credit Quality Ratios 2021 2022 2023 2024 2025 Non-performing Loans / 0.05% 0.08% 0.48% 0.46% 0.34% Loans Net Charge Offs / Loans 0.07% 0.02% 0.39% 0.10% 0.03% ACL / Loans 1.21% 1.15% 1.18% 1.16% 1.07% Reserves/NPAs 664% 1,165% 246% 252% 280%
Slide 11: Deposit Portfolio Overview
Deposit Portfolio Overview Attractive Retail Franchise Bolstered by Commercial and Municipal Relationships Deposit Portfolio by Category Historical Funding Costs NIB Demand 2.50% 2.49% 2.46% 20% 2.43% 2.39% 2.30% Time 2.21% 2.21% 2.34% 2.32% 2.30% Deposts 2.25% 2.26% 42% Total IB Demand 2.17% 2.11%
Slide 12: Interest Rate Sensitivity
Interest Rate Sensitivity Net Interest Income Sensitivity 0.9% 0.8% 0.5% -0.3% -0.2% -1.0% -1.7% -1.6% -3.6% -3.5% -5.6% -5.6% -300 -200 -100 Base +100 +200 +300 Q3 2025 Q3 2024 Sensitivity to Net Interest Income over a 1-year time horizon, given a change in interest rates
Slide 13: Investment Proposition
Investment Proposition Strong local ties providing consistent Disciplined underwriting culture and sound growth opportunities Experienced Executive Team, aligned Granular loan and deposit with Board of Directors, focused on portfolio tied to our community delivering shareholder return Well-positione
Slide 14: Appendix
APPENDIX
Slide 15: Non-GAAP Financial Measures
Non-GAAP Financial Measures Adjusted Return on Average Assets (Dollars in thousands) Three Months Three Months Twelve Months Ended Ended Ended September 30, December 31, December 31, 2025 2025 2025 Net (loss) income $ 8,334 $ 7,442 $ 27,755 Average assets 2,363,759 2,441,572 2,369,516 Return on aver
Slide 16: Non-GAAP Financial Measures (continued)
Non-GAAP Financial Measures (continued) Adjusted Earnings Per Share (Dollars in thousands) Three Months Three Months Twelve Months Ended Ended Ended September 30, December 31, December 31, 2025 2025 2025 GAAP-Based Earnings Per Share, Basic $ 0.89 $ 0.81 $ 3.01 GAAP-Based Earnings Per Share, Diluted
Slide 17: Non-GAAP Financial Measures (continued)
Non-GAAP Financial Measures (continued) Adjusted Return on Average Assets (Dollars in thousands) Three Months Twelve Months Ended Ended December 31, December 31, 2024 2024 Net (loss) income $ (12,651) $ (160) Average assets 2,299,732 2,250,171 Return on average assets (annualized) -2.19 % -0.01 % Ne
Slide 18: Non-GAAP Financial Measures (continued)
Non-GAAP Financial Measures (continued) Adjusted Earnings Per Share (Dollars in thousands) Three Months Twelve Months Ended Ended December 31, December 31, 2024 2024 GAAP-Based Earnings Per Share, Basic $ (1.54) $ (0.02) GAAP-Based Earnings Per Share, Diluted $ (1.54) $ (0.02) Net (Loss) Income (12,
Slide 19: Non-GAAP Financial Measures (continued)
Non-GAAP Financial Measures (continued) Pre Provision Net Revenue (Dollars in thousands) Three Months Ended December 31, Twelve Months Ended December 31, 2025 2024 2025 2024 Income before tax expense (GAAP) $ 9,368 $ (16,057) $ 35,019 $ (258) Provision for (release of) credit losses 468 1,604 1,773
Slide 20: Thank You
Thank You