Ross Haberman

Tyler Cacciatori

- Norwood Financial Corp reported **diluted earnings per share of $0.89** for the third quarter of 2025, marking an **85% increase** over the same period in 2024.  **[1013272_0001193125-25-245860_d96220dex991.htm:0]** 
- The company's net interest margin (fte) rose **64 basis points** year-over-year to **3.63%**, and return on assets increased **72 basis points** to **1.40%** in Q3 2025.  **[1013272_0001193125-25-245860_d96220dex991.htm:0]** 
- As of September 30, 2025, total assets reached **$2.412 billion**, an increase of **5.80%** from September 30, 2024, while total deposits grew **11.8%** to **$2.074 billion**.  **[1013272_0001193125-25-245860_d96220dex991.htm:1]** 
- Loans grew at an annualized rate of **5.4%** during the third quarter of 2025 and **7.3% year-to-date**.  **[1013272_0001193125-25-245860_d96220dex991.htm:0]** 
- The acquisition of **Presence Bank** was announced on July 7, 2025, with an expected closing in Q4 2025 or Q1 2026.  **[1013272_0001193125-25-245860_d96220dex992.htm:5]**

Norwood Financial Corp Announces Strong Q3 2025 Results and Acquisition Update

- Norwood Financial Corp. (NWFL) reported strong financial results for **Q3 2025**, with **Net Interest Income increasing 28% to $20.5 million** and **Adjusted Net Income rising 56% to $8.8 million**.  **[0001013272_2195352:8]**  Adjusted Diluted EPS also saw a significant increase of **96% to $0.94**.  **[0001013272_2195352:8]** 
- The company is progressing with its proposed merger with PB Bankshares, Inc. (PBBK), having filed all required applications with regulatory authorities, which are currently pending approval.  **[0001013272_2195352:1]** **[0001013272_2195352:8]**  The Registration Statement on Form S-4 for the merger has been filed but not yet declared effective by the SEC.  **[0001013272_2195352:5]** 
- NWFL also announced the acquisition of Presence Bank on **July 7, 2025**, which is expected to close in **Q4 2025 or Q1 2026**.  **[0001013272_2195352:9]** 
- During Q3 2025, NWFL completed the leadership transition of its Board of Directors and added two new Directors to strengthen governance.  **[0001013272_2195352:8]**

Norwood Financial Corp. Reports Strong Q3 2025 Results and Provides Merger Updates

- Norwood Financial delivered strong Q3 2025 results, with **Net Interest Margin (NIM) increasing by 20 basis points** on a linked quarter basis, contributing to a **$1.4 million increase in net interest income**.  **[0001013272_2195600_3]**  This performance benefited from a **bond portfolio repositioning completed in December 2024**.  **[0001013272_2195600_1]** 
- The company's unadjusted pre-provision net revenue (PPNR) grew **15%** linked quarter, and noninterest income for the nine months ended September 30, 2025, increased **9%** year-over-year.  **[0001013272_2195600_3]**  Credit metrics also continued to improve.  **[0001013272_2195600_3]** 
- All regulatory applications for the **merger with Presence Bank have been filed and are pending**, though the company does not anticipate a Q4 2025 closing.  **[0001013272_2195600_1]** **[0001013272_2195600_4]** 
- Management maintains a positive NIM outlook, aiming towards **4%**, and expects to further reduce deposit costs with an estimated down-cycle beta of approximately **50%**.  **[0001013272_2195600_3]** **[0001013272_2195600_4]**

Norwood Financial Reports Strong Q3 2025 Results and Provides Merger Update

- Norwood Financial Corp. delivered **strong Q3 2025 results**, including asset growth, margin expansion, and growth in loans and deposits, benefiting from a **bond portfolio repositioning completed in December 2024**.  **[0001013272_2195550_1]** 
- The company's **net interest margin increased by 20 basis points** on a linked-quarter basis, resulting in a **$1.4 million increase in net interest income**, and the NIM outlook is positive, with a goal to reach **4%** from the current **3.63%**.  **[0001013272_2195550_3]** **[0001013272_2195550_4]** 
- Non-interest income for the nine months ended September 30, 2025, increased **9%** over the same period last year, driven by wealth management, trust services, and increased gains on loan sales.  **[0001013272_2195550_3]** 
- The merger with **Presence Bank is pending regulatory approval**, with an expected closing after Q4 2025 due to operational and accounting considerations.  **[0001013272_2195550_1]** **[0001013272_2195550_4]** 
- A **leadership transition occurred on the board of directors**, with Dr. Andrew Forte becoming Chairman and Kevin Lamont replacing him as Vice Chairman, and two new directors were added.  **[0001013272_2195550_1]** **[0001013272_2195550_2]**

Norwood Financial Corp. Reports Strong Q3 2025 Results and Provides M&A Update

- Norwood Financial Corp reported **fully diluted EPS** of **$0.89** for the third quarter of 2025, an **85% increase** over the same period in 2024.  **[1013272_ebf86a96e9184a7c9f1a1a858f2db2d6_0]** 
- **Net income** for the three months ended September 30, 2025, was **$8.3 million**, marking an increase of **$4.5 million** compared to the third quarter of 2024.  **[1013272_ebf86a96e9184a7c9f1a1a858f2db2d6_3]** 
- The **net interest margin** for the third quarter of 2025 reached **3.63%**, an increase of **64 basis points** over the prior year and **20 basis points** over the prior quarter.  **[1013272_ebf86a96e9184a7c9f1a1a858f2db2d6_0]** **[1013272_ebf86a96e9184a7c9f1a1a858f2db2d6_3]** 
- As of September 30, 2025, **total assets** grew **5.80%** year-over-year to **$2.412 billion**, and **total deposits** increased **11.8%** year-over-year to **$2.074 billion**.  **[1013272_ebf86a96e9184a7c9f1a1a858f2db2d6_3]** 
- **Loans** grew at a **5.4%** annualized rate during the third quarter and **7.3%** annualized rate year-to-date.  **[1013272_ebf86a96e9184a7c9f1a1a858f2db2d6_0]**

Norwood Financial Corp Announces Strong Third Quarter and Year-to-Date 2025 Results

- **Lewis J. Critelli** retired as Chairman of the Board and Director of Norwood Financial Corp and its subsidiary Wayne Bank, effective **September 16, 2025**, and was appointed Chairman Emeritus.  **[1013272_0001193125-25-206042_d88791d8k.htm:1]** **[1013272_0001193125-25-206042_d88791dex991.htm:1]** 
- **Dr. Andrew A. Forte** was appointed Chairman of the Board, and **Kevin Lamont** was named Vice Chairman of the Board, effective **September 16, 2025**.  **[1013272_0001193125-25-206042_d88791d8k.htm:1]** **[1013272_0001193125-25-206042_d88791dex991.htm:1]** 
- **James Shook** and **Marissa S. Nacinovich** were appointed to the Boards of Directors of Norwood Financial Corp and Wayne Bank on **September 16, 2025**.  **[1013272_0001193125-25-206042_d88791d8k.htm:1]** **[1013272_0001193125-25-206042_d88791dex991.htm:2]** 
- The Board of Directors declared a **$0.31 per share cash dividend**, payable on **November 3, 2025**, to stockholders of record as of **October 15, 2025**.  **[1013272_0001193125-25-206042_d88791dex992.htm:0]** **[1013272_0001193125-25-206042_d88791d8k.htm:2]**  This represents a **$0.01 increase** over the per share dividend declared in the third quarter of 2024.  **[1013272_0001193125-25-206042_d88791dex992.htm:0]**

NORWOOD FINANCIAL (NWFL)