Norwood Financial Corp. · NASDAQ:NWFL
Norwood Financial — Q1 2026 Earnings Presentation
21 slides from Norwood Financial's earnings presentation, Apr 27, 2026
Slide 1: Q1 2026 Earnings Presentation
NASDAQ GLOBAL: NWFL Q1 2026 Earnings Presentation APRIL 27, 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 dee
Slide 3: Q1 2026 Summary
Q1 2026 Summary Selected Financial Highlights (all comps Y/Y) Key Messages The team began 2026 with strong performance, $24.6M Net Interest Income 3.04% Net Interest Spread (fte) 1 1 including record net interest income, extending the momentum we are building towards a bright future +38% +43 bps Str
Slide 4: Growing and Fortifying the Norwood Franchise
Growing and Fortifying the Norwood Franchise Growing Our Branch Footprint Fortifying Our Financial Position Cooperstown 33 2 13 NWFL Honesdale, PA $2.9B Oneonta Offices States Counties NASDAQ Headquarters Total Assets 1871 310 4.2% Honesdale Founded Employees Dividend $2.2B Scranton Milford Yield To
Slide 5: Presence Bank Merger Update
Presence Bank Merger Update Overview of Financials Highlights Expected at Q1 2026 Updated Successful acquisition of Presence Bank, with transaction Metric Announcement Expectations closing January 5, 2026 Core systems conversion completed April 2026 Tangible Book Value (TBV) 4.2% 2.244% TBV per shar
Slide 6: Disciplined, Opportunistic Growth Strategy
Disciplined, Opportunistic Growth Strategy A History of Organic Growth and Successful Acquisitions Acquired Branches NY ~12% CAGR $0.5 PA $0.5 $2.9 $2.3 $2.4 $2.1 $2.2 $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 20
Slide 7: Making Progress on Our 2026 Strategic Priorities
Making Progress on Our 2026 Strategic Priorities Focused on Actions that will Create Value and Build Momentum • Completed core system conversion to integrate IT and HR systems, creating a seamless, Successfully complete unified organization Presence Bank integration • Standardize on operations and c
Slide 8: Improving Financial Performance and Positioning for Continued Growth
Improving Financial Performance and Positioning for Continued Growth Adjusted Earnings Per Share1 Reduction in EPS from Q4 as higher net interest income was offset by a $1M increase in the Provision for Loan Losses as well as higher expenses $0.85 $0.63 $0.72 TBV per share was down on a linked quart
Slide 9: Loan Portfolio Overview
Loan Portfolio Overview Small Business Lending, Granular Relationships and Limited Industry Concentration Loan Portfolio By Category CRE Loans by Industry C&I 1-4 Family Rental 1-4 Family 13% $105K Average Loan Size 11% 14% Investor Const & Land Real Estate Agriculture 4% $323K Average Commercial Lo
Slide 10: Strong Historical Credit Quality
Strong Historical Credit Quality Credit Quality Ratios 2022 2023 2024 2025 Q1 2026 Non-performing 0.08% 0.48% 0.46% 0.34% 0.46% Loans / Loans Net Charge Offs / 0.02% 0.39% 0.10% 0.03% 0.09% Loans ACL / Loans 1.15% 1.18% 1.16% 1.07% 1.09% Reserves / NPAs 1,165% 246% 252% 280% 220% NORWOOD FINANCIAL C
Slide 11: Deposit Portfolio Overview
Deposit Portfolio Overview Attractive Retail Franchise Bolstered by Commercial and Municipal Relationships Deposit Portfolio By Category Historical Funding Costs 2.50% 2.49% 2.46% NIB Demand 2.39% 19% 2.30% 2.21% 2.21% 2.21% 2.34% 2.32% 2.30% Time 2.26% Deposts 2.17% 2.14% 2.12% 2.11% 42% Total $2.5
Slide 12: Interest Rate Sensitivity
Interest Rate Sensitivity Net Interest Income Sensitivity 1.5% 1.3% 1.2% 0.1% -0.4% -1.1% -1.1% -1.9% -2.0% -2.1% -4.4% -6.9% -300 -200 -100 Base +100 +200 +300 Q4 2025 Q1 2026 NORWOOD FINANCIAL CORP Sensitivity to Net Interest Income over a 1-year time horizon, given a change in interest rates NASD
Slide 13: 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 14: Investment Proposition
Investment Proposition Strong local ties providing consistent Disciplined underwriting culture and sound growth opportunities Experienced Executive Team, aligned Granular loan and deposit portfolio with Board of Directors, focused on tied to our community delivering shareholder return Well-positione
Slide 15: Appendix
APPENDIX
Slide 16: Non-GAAP Financial Measures
Non -GAAP Financial Measures Adjustments for Merger -Related Expenses and BOLI Restructuring Fee Adjusted Return on Average Assets Three Months Three Months (Dollars in thousands) Ended Ended December 31, March 31, 2025 2026 Net income $ 7,442 $ 3,730 Average assets 2,441,572 2,868,074 Return on ave
Slide 17: Non-GAAP Financial Measures
Non -GAAP Financial Measures Adjustments for Merger -Related Expenses and BOLI Restructuring Fee Adjusted Return on Average Tangible Shareholders' Equity Three Months Three Months (Dollars in thousands) Ended Ended December 31, March 31, 2025 2026 Net income $ 7,442 $ 3,730 Average shareholders' equ
Slide 18: Non-GAAP Financial Measures
Non -GAAP Financial Measures Adjustments for Merger -Related Expenses and BOLI Restructuring Fee Adjusted Earnings Per Share Three Months Three Months (Dollars in thousands) Ended Ended December 31, March 31, 2025 2026 GAAP-Based Earnings Per Share, Basic $ 0.81 $ 0.35 GAAP-Based Earnings Per Share,
Slide 19: Non-GAAP Financial Measures
Non -GAAP Financial Measures Adjustments for Merger -Related Expenses and BOLI Restructuring Fee Tangible Book Value December 31, March 31, (Dollars in thousands) 2025 2026 Total shareholders' equity 242,157 283,938 Adjustments: Goodwill (29,266) (36,375) Other intangible assets (98) (3,319) Tangibl
Slide 20: Non-GAAP Financial Measures
Non -GAAP Financial Measures Adjustments for Merger -Related Expenses and BOLI Restructuring Fee Pre Provision Net Revenue (Dollars in thousands) Three Months Ended March 31, 2026 2025 Income before tax expense (GAAP) $ 4,820 $ 7,287 Provision for credit losses 1,459 857 Pre provision net revenue (P
Slide 21: Thank You
Thank You