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Norwood Financial (NWFL) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Norwood Financial (NWFL) Q3 2026 earnings results →

Q3 2026 Revenue up 35% year over year to $30.9M · 38¢ of every $1 of revenue kept as net profit · operating margin 49.4%

Norwood Financial made $30.9M in Q3 2026 (+35% Y/Y). Operating margin 49.4%, net earnings $11.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.

Revenue$30.9M
Year over year+35%
Operating margin49.4%
Net earnings$11.8M
Operating cash flow$18.5M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $30.9M in Q3 2026, up 35% year over year and up 5% from the previous quarter.

Operating profit was $15.3M, a 49.4% margin (up 3.5 points year over year). Of the extra revenue versus Q3 2025, 60% reached operating profit, above the 46% margin then. Total costs grew 26% against revenue growth of 35%. Net earnings were $11.8M, up 41% year over year. The effective tax rate was 23.0%.

Operating cash flow was $18.5M (up 98% year over year), 157% of net earnings. Working capital and other items added $6.7M. Capital expenditures of $315K left free cash flow of $18.2M.

Quarterly history

Norwood Financial revenue by quarterNorwood Financial revenue by quarter$20.2MQ1 2025$21.3MQ2 2025$23.0MQ3 2025$23.5MQ4 2025$27.3MQ1 2026$29.4MQ2 2026$30.9MQ3 2026
Norwood Financial net earnings by quarterNorwood Financial net earnings by quarter$5.8MQ1 2025$6.2MQ2 2025$8.3MQ3 2025$7.4MQ4 2025$3.7MQ1 2026$9.3MQ2 2026$11.8MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 6, 2026$30.9M+35%49.4%$11.8M$18.5M
Q2 202610-QAug 7, 2026$29.4M+38%39.6%$9.3M$8.9M
Q1 202610-QMay 8, 2026$27.3M+35%17.7%$3.7M$6.0M
Q4 202510-KMar 13, 2026$23.5M12×39.9%$7.4M$8.8M
Q3 202510-QNov 7, 2025$23.0M+26%45.9%$8.3M$9.3M
Q2 202510-QAug 8, 2025$21.3M+24%36.7%$6.2M$6.8M
Q1 202510-QMay 9, 2025$20.2M+21%36.1%$5.8M$9.1M

Charts

Norwood Financial: revenue growth, year over year and quarter over quarterNorwood Financial: revenue growth, year over year and quarter over quarterY/YQ/Q+21%Q1 2025+24%+5%Q2 2025+26%+8%Q3 2025+400%+2%Q4 2025+35%+16%Q1 2026+38%+8%Q2 2026+35%+5%Q3 2026
Latest (Q3 2026): Y/Y +35%, Q/Q +5%.
Norwood Financial: where the cash came from (+) and went (−), TTM to Q3 2026Norwood Financial: where the cash came from (+) and went (−), TTM to Q3 2026Other investing−$113MNet borrowing (+) / repaid (−)$56.1MOperating cash flow$42.2MOther financing$27.7MDividends−$13.3MCapital spending−$2.3MCash drawn (+) / kept (−)$2.2MShares issued$1.0MBuybacks−$13K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Norwood Financial: profit against cash, quarter by quarterNorwood Financial: profit against cash, quarter by quarterNet incomeOperating cash flow−$12.7M$4.8MQ4 2024$5.8M$9.1MQ1 2025$6.2M$6.8MQ2 2025$8.3M$9.3MQ3 2025$7.4M$8.8MQ4 2025$3.7M$6.0MQ1 2026$9.3M$8.9MQ2 2026$11.8M$18.5MQ3 2026
Latest (Q3 2026): Net income $11.8M, Operating cash flow $18.5M.
Norwood Financial: diluted shares by fiscal yearNorwood Financial: diluted shares by fiscal year7MFY20208MFY20218MFY20228MFY20238MFY20249MFY2025
+27.7% since FY2020: more shares outstanding (issuance, stock pay).
Norwood Financial in its industry: growth against margin (133 companies, SIC 6022)Norwood Financial in its industry: growth against margin (133 companies, SIC 6022)revenue growth, year over year →↑ operating marginmedian +9%median 40%BNYSTTFITBMTBFCNCAALLYCFGNTRSWALBPOPEWBCWTFCCOLBSSBCBSHASBHWCAUBGBCIUBSIABCBHTHHOMBUCBRNSTFBPCATYFIBKCUBIFHBIBOCMBINSBCFBOHCVBFBUSEEFSCOFGLOBFBKFFINSFBSMCHBCCBFBNCGABCBYSYBTPEBOTCBKOBKSTBAFMBHRBCAACNOBAMALMCBQCRHOSBCFMNBBFSTUVSPTMPCCNEMSBIHBTEQBKCTBICPFTHFFMPBSBSIMBWMLKFNIBCPEGBNSPFIWASHCCBGCOFSCWBCHBIAACNBGSBCFSBCTRSTCIVBFCBCMCBSFBIZINBKBWBCBANMVBFBSRRCZNCCFFIRBBISTRUNTYBWFGBMRCRRBIPCBFCBMCHMGCZFSWTBAMYFWAVBHOPBKUSCBFCCOEBMTCOSOFXNCPKBKISBAPEBKBPRNBRBSHNVRMNSBFVCBCCFNSBFGJMSBBOTJNWPPFUSBAUBNJUVFNWFL (+35%, 49%)
State Commercial Banks; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Norwood Financial

Norwood Financial Corp (the “Company”), a Pennsylvania corporation, was incorporated in 1995 to become the holding company for Wayne Bank (the “Bank”). The Company is a registered bank holding company subject to regulation and supervision by the Board of Governors of the Federal Reserve System (“Federal Reserve”). As of December 31, 2025, the Company had total consolidated assets of $2.425 billion, consolidated deposits of $2.183 billion, and consolidated stockholders’ equity of $242.2 million. The Company’s ratio of average equity to average assets was 9.59%, 8.26%, and 8.14% for fiscal years 2025, 2024 and 2023, respectively.

In its own words, from its 10-K, filed Mar 13, 2026.

Norwood Financial against its State Commercial Banks peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +35% against the peers' median +12%. Operating margin: 49.4% against the peers' median 34.7%.

CompanyQuarterRevenueY/YOp. margin
NWFL Norwood FinancialQ3 2026$30.9M+35%49.4%
BNY Bank of New York MellonQ3 2026$5.7B+12%38.5%
STT State StreetQ3 2026$4.0B+13%34.7%
FITB Fifth Third BancorpQ3 2026$3.3B+42%33.8%
MTB M&T BankQ3 2026$2.5B+0.9%39.7%
FCNCA First Citizens BancsharesQ3 2026$2.4B0%33.1%
ALLY Ally FinancialQ3 2026$2.3B+8%24.3%
CFG Citizens Financial GroupQ3 2026$2.3B+10%34.6%
NTRS Northern TrustQ3 2026$2.3B+13%34.7%

Source: Norwood Financial 10-Q on SEC EDGAR · CIK 1013272 · State Commercial Banks

Guidance and outlook

Norwood Financial: what its forward-looking statements are about (10-Q filed 2026-11-06)Norwood Financial: what its forward-looking statements are about (10-Q filed 2026-11-06)Costs2
2 statements; tone +0.00 (−1 all cautious, +1 all confident); 0 hedged.
Norwood Financial: outlook statements against the filing beforeNorwood Financial: outlook statements against the filing beforeConfident1Cautious1

13F: who owns NWFL and who is buying

Largest holders of NWFL (13F)Largest holders of NWFL (13F)BlackRock$25.0MWellington Management Group LLP$18.2MVanguard Capital Management LLC$14.2MVanguard Group$12.6MGeode Capital Management, LLC$8.3MManufacturers Life Insurance Comp…$5.6MBulldog Investors, LLP$5.5MCornerstone Wealth Group, LLC$5.4MDimensional Fund Advisors LP$5.3MState Street$5.0M
Funds' net buying of NWFL by quarter (13F)Funds' net buying of NWFL by quarter (13F)−$399K2024-09$5.9M2024-12$1.1M2025-03−$1.4M2025-06$8.2M2025-09$11.5M2025-12$14.0M2026-03−$581K2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on NWFL

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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中文版：Norwood Financial（NWFL）财报

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