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First Carolina Financial Services vs Norwood Financial: FCBM and NWFL compared
First Carolina Financial Services is the larger company: $32.3M of revenue in its latest quarter (Q2 2026) against $30.9M for Norwood Financial (Q3 2026). Norwood Financial is growing faster (+35% against -12% a year earlier). Norwood Financial is more profitable, with an operating margin of 49.4% against 20.1%.
Where the money goes: FCBM and NWFL
First Carolina Financial Services (FCBM) · Q2 2026
First Carolina Financial Services, Q2 2026: revenue $32.3M (-12% year over year), operating margin 20.1%, net earnings $5.1M. The chart follows the revenue to costs, profit and cash.
Norwood Financial (NWFL) · Q3 2026
Norwood Financial, Q3 2026: revenue $30.9M (+35% year over year), operating margin 49.4%, net earnings $11.8M, operating cash flow $18.5M. The chart follows the revenue to costs, profit and cash.
| First Carolina Financial Services (FCBM) | Norwood Financial (NWFL) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $32.3M | $30.9M |
| Revenue growth, Y/Y | -12% | +35% |
| Operating margin | 20.1% | 49.4% |
| Net earnings | $5.1M | $11.8M |
| Net margin | 15.8% | 38.0% |
| Operating cash flow | — | $18.5M |
| Free cash flow | — | $18.2M |
Questions
Which is bigger, First Carolina Financial Services or Norwood Financial?
First Carolina Financial Services is the larger company: $32.3M of revenue in its latest quarter (Q2 2026) against $30.9M for Norwood Financial (Q3 2026).
Is First Carolina Financial Services or Norwood Financial growing faster?
Norwood Financial is growing faster (+35% against -12% a year earlier).
Which is more profitable, First Carolina Financial Services or Norwood Financial?
Norwood Financial is more profitable, with an operating margin of 49.4% against 20.1%.
More: First Carolina Financial Services earnings · how First Carolina Financial Services makes money · Norwood Financial earnings · how Norwood Financial makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 14, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.