Norwood Financial Corp. (NWFL) Income Statement Analysis

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Complete financial analysis of Norwood Financial Corp. (NWFL) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Norwood Financial Corp., a leading company in the Banks – Regional industry within the Financial Services sector.

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Norwood Financial Corp. (NWFL)

Industry: Banks - Regional

Sector: Financial Services

Website: https://wayne.bank

About Norwood Financial Corp.

Norwood Financial Corp. operates as the bank holding company for Wayne Bank that provides various banking products and services. The company accepts a range of deposit products, including interest-bearing and non-interest bearing transaction accounts, and statement savings and money market accounts, as well as certificate of deposits. It also provides various loans, such as commercial loans comprising lines of credit, revolving credit, term loans, mortgages, secured lending products, and letter of credit facilities; municipal finance lending; construction loans for commercial construction projects and single-family residences; land loans; consumer loans; mortgage lending to finance principal residences and second home dwellings; and indirect dealer financing of new and used automobiles, boats, and recreational vehicles. In addition, the company offers investment securities services; trust and investment products; and cash management, direct deposit, remote deposit capture, mobile deposit capture, mobile payment, automated clearing house activity, real estate settlement, and Internet and mobile banking services. Further, it engages in the annuity and mutual fund sale, and discount brokerage activities, as well as insurance agency business. The company serves consumers, businesses, nonprofit organizations, and municipalities. It operates fourteen offices in Northeastern Pennsylvania; and sixteen offices in Delaware, Sullivan, Ontario, Otsego, and Yates Counties, New York, as well as thirty-one automated teller machines. Norwood Financial Corp. was founded in 1870 and is headquartered in Honesdale, Pennsylvania.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995
Revenue	64.64M	78.33M	73.64M	58.26M	45.38M	43.90M	41.82M	33.77M	29.22M	29.67M	30.28M	29.97M	27.32M	23.73M	24.50M	22.49M	20.80M	19.77M	18.81M	17.56M	16.82M	16.96M	16.36M	15.56M	14.00M	13.30M	13.00M	3.55M	1.65M
Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	64.64M	78.33M	73.64M	58.26M	45.38M	43.90M	41.82M	33.77M	29.22M	29.67M	30.28M	29.97M	27.32M	23.73M	24.50M	22.49M	20.80M	19.77M	18.81M	17.56M	16.82M	16.96M	16.36M	15.56M	14.00M	13.30M	13.00M	3.55M	1.65M
Gross Profit Ratio	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	24.55M	22.68M	23.70M	19.98M	16.68M	15.79M	14.58M	12.68M	9.89M	9.97M	9.78M	9.70M	9.10M	7.83M	8.76M	6.05M	5.83M	5.66M	5.41M	5.13M	4.92M	4.85M	4.64M	4.36M	4.10M	3.90M	3.60M	3.78M	3.29M
Selling & Marketing	630.00K	516.00K	473.00K	385.00K	267.00K	257.00K	268.00K	283.00K	240.00K	224.00K	208.00K	222.00K	205.00K	187.00K	186.00K	213.00K	235.00K	224.00K	159.00K	156.00K	170.00K	168.00K	131.00K	185.00K	100.00K	100.00K	200.00K	0.00	0.00
SG&A	25.18M	23.20M	23.70M	19.98M	16.68M	15.79M	14.58M	12.68M	9.89M	9.97M	9.78M	9.70M	9.10M	7.83M	8.76M	6.26M	6.06M	5.88M	5.57M	5.29M	5.09M	5.02M	4.77M	4.54M	4.20M	4.00M	3.80M	3.78M	3.29M
Other Expenses	0.00	-12.92M	-66.48M	-59.87M	-45.24M	-38.80M	-36.65M	-34.20M	-28.31M	-26.16M	-25.29M	-23.58M	-21.30M	-15.56M	-16.19M	-9.54M	-5.73M	-7.29M	-10.04M	-10.84M	-9.53M	-8.38M	-5.12M	-3.86M	-4.10M	-4.20M	-4.20M	3.13M	4.41M
Operating Expenses	35.28M	2.24M	-42.78M	-39.89M	-28.56M	-22.04M	-22.07M	-21.52M	-18.42M	-16.20M	-15.51M	-13.88M	-12.21M	-7.73M	-7.43M	-3.28M	327.00K	-1.41M	-4.47M	-5.55M	-4.45M	-3.37M	-343.00K	685.00K	100.00K	-200.00K	-400.00K	6.91M	7.70M
Cost & Expenses	35.28M	2.24M	-42.78M	-39.89M	-28.56M	-22.04M	-22.07M	-21.52M	-18.42M	-16.20M	-15.51M	-13.88M	-12.21M	-7.73M	-7.43M	-3.28M	327.00K	-1.41M	-4.47M	-5.55M	-4.45M	-3.37M	-343.00K	685.00K	100.00K	-200.00K	-400.00K	6.91M	7.70M
Interest Income	95.54M	75.67M	71.07M	58.46M	47.28M	42.50M	38.99M	32.24M	27.78M	27.77M	28.26M	29.41M	27.77M	25.69M	26.84M	28.10M	29.26M	25.95M	21.77M	19.01M	19.35M	21.56M	23.76M	23.94M	21.20M	20.20M	19.90M	18.31M	15.82M
Interest Expense	33.47M	7.27M	5.76M	7.98M	8.68M	5.66M	4.08M	3.65M	3.26M	3.21M	3.60M	4.65M	5.18M	6.02M	7.73M	9.69M	11.98M	9.77M	6.51M	4.99M	6.02M	7.61M	10.21M	10.88M	9.10M	8.50M	8.80M	8.12M	6.90M
Depreciation & Amortization	1.46M	1.57M	1.60M	1.44M	1.11M	1.02M	1.07M	848.00K	656.00K	693.00K	731.00K	723.00K	639.00K	511.00K	598.00K	629.00K	731.00K	856.00K	1.02M	596.00K	1.19M	1.03M	791.00K	790.00K	900.00K	900.00K	1.00M	522.08K	640.13K
EBITDA	22.61M	37.96M	32.46M	19.80M	17.93M	17.23M	15.82M	9.44M	8.20M	10.96M	11.90M	12.16M	11.81M	12.11M	9.94M	11.37M	10.96M	9.14M	8.43M	7.01M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA Ratio	34.97%	57.74%	42.07%	31.72%	37.29%	52.12%	47.59%	38.78%	39.20%	47.74%	51.20%	56.10%	57.67%	69.58%	72.12%	88.21%	105.09%	97.19%	81.66%	71.78%	80.67%	86.21%	102.74%	109.48%	107.14%	105.26%	104.62%	309.13%	606.73%
Operating Income	21.15M	43.65M	30.86M	18.37M	16.82M	21.86M	19.75M	12.25M	10.80M	13.47M	14.77M	16.09M	15.12M	16.00M	17.07M	19.21M	21.12M	18.36M	14.34M	12.01M	12.37M	13.59M	16.01M	16.24M	14.10M	13.10M	12.60M	10.46M	9.35M
Operating Income Ratio	32.71%	55.73%	41.91%	31.53%	37.07%	49.79%	47.23%	36.27%	36.95%	45.40%	48.78%	53.68%	55.33%	67.42%	69.67%	85.41%	101.57%	92.86%	76.25%	68.38%	73.57%	80.15%	97.90%	104.40%	100.71%	98.50%	96.92%	294.43%	567.85%
Total Other Income/Expenses	0.00	0.00	0.00	-2.05M	-4.85M	-4.88M	-5.43M	-6.55M	-4.13M	-4.76M	-3.19M	-768.00K	0.00	0.00	-598.00K	0.00	-10.96M	0.00	0.00	-596.00K	-6.02M	-7.61M	-10.21M	-10.88M	-9.10M	-8.50M	-8.80M	-8.12M	-6.90M
Income Before Tax	21.15M	36.39M	30.86M	18.37M	16.82M	16.20M	14.75M	8.60M	7.54M	10.26M	11.17M	11.44M	9.94M	9.98M	9.35M	9.51M	9.14M	8.59M	7.84M	7.01M	6.35M	5.98M	5.80M	5.36M	5.00M	4.60M	3.80M	2.34M	2.45M
Income Before Tax Ratio	32.71%	46.45%	41.91%	31.53%	37.07%	36.91%	35.27%	25.45%	25.80%	34.59%	36.90%	38.17%	36.36%	42.04%	38.14%	42.30%	43.95%	43.45%	41.67%	39.94%	37.75%	35.25%	35.48%	34.48%	35.71%	34.59%	29.23%	65.88%	149.04%
Income Tax Expense	4.39M	7.15M	5.95M	3.29M	2.61M	2.55M	6.55M	1.88M	1.63M	2.61M	2.71M	3.04M	2.58M	2.66M	2.28M	2.84M	2.63M	2.68M	2.34M	2.00M	1.69M	1.62M	1.60M	1.50M	1.50M	1.40M	1.10M	468.39K	652.27K
Net Income	16.76M	29.23M	24.92M	15.08M	14.22M	13.65M	8.20M	6.71M	5.91M	7.66M	8.47M	8.40M	7.36M	7.31M	7.06M	6.68M	6.51M	5.91M	5.50M	5.01M	4.65M	4.35M	4.20M	3.86M	3.50M	3.20M	2.70M	1.87M	1.80M
Net Income Ratio	25.93%	37.32%	33.83%	25.89%	31.32%	31.09%	19.60%	19.87%	20.22%	25.81%	27.96%	28.04%	26.92%	30.82%	28.83%	29.69%	31.31%	29.90%	29.22%	28.53%	27.67%	25.67%	25.69%	24.81%	25.00%	24.06%	20.77%	52.69%	109.43%
EPS	2.07	3.59	3.05	2.09	2.27	2.19	1.32	1.16	1.07	1.40	1.55	1.55	1.45	1.61	1.56	1.48	1.42	1.28	1.13	1.09	1.03	0.98	0.96	0.60	0.80	0.74	0.31	0.21	0.39
EPS Diluted	2.07	3.58	3.04	2.09	2.24	2.17	1.31	1.15	1.07	1.40	1.55	1.55	1.45	1.60	1.55	1.46	1.39	1.25	1.11	1.07	1.01	0.97	0.95	0.59	0.80	0.73	0.31	0.21	0.39
Weighted Avg Shares Out	8.10M	8.14M	8.18M	7.20M	6.26M	6.23M	6.21M	5.79M	5.52M	5.47M	5.45M	5.41M	5.08M	4.55M	4.54M	4.52M	4.59M	4.62M	4.86M	4.59M	4.50M	4.44M	4.37M	4.33M	4.35M	4.31M	13.42M	8.85M	4.61M
Weighted Avg Shares Out (Dil)	8.08M	8.18M	8.20M	7.23M	6.33M	6.29M	6.26M	5.82M	5.54M	5.47M	5.45M	5.42M	5.08M	4.57M	4.56M	4.57M	4.67M	4.71M	4.96M	4.69M	4.61M	4.49M	4.40M	4.36M	4.37M	4.35M	13.42M	8.85M	4.61M

Dividend Income Summary: Bert's May 2021 Summary

June 18, 2021seekingalpha.com

In May, we received $581.67 in dividend income! This was a 32.19% year over year increase compared to May 2020. Until the dividend cut is finalized, we are still receiving a boatload of dividend income from AT&T.

Norwood Financial Corp Announces Cash Dividend

June 11, 2021globenewswire.com

HONESDALE, Pa., June 11, 2021 (GLOBE NEWSWIRE) -- Lewis J. Critelli, President and Chief Executive Officer of Norwood Financial Corp (NASDAQ Global Market - NWFL) and its subsidiary Wayne Bank announced that the Board of Directors declared a $.26 per...

Norwood Financial Corp Holds Annual Meeting of Stockholders

April 30, 2021globenewswire.com

HONESDALE, Pa., April 30, 2021 (GLOBE NEWSWIRE) -- The 150th Annual Meeting of Stockholders of Norwood Financial Corp (Nasdaq-NWFL), parent company of Wayne Bank, was held on Tuesday, April 27, 2021, in a virtual meeting format.

Norwood Financial Corp Announces First Quarter Earnings

April 23, 2021globenewswire.com

HONESDALE, Pa., April 23, 2021 (GLOBE NEWSWIRE) -- Lewis J. Critelli, President and Chief Executive Officer of Norwood Financial Corp (Nasdaq Global Market – NWFL) and its subsidiary, Wayne Bank, announced record earnings of $5,542,000 for the three months ended...

Norwood Financial Corp Announces Stock Repurchase Program

March 30, 2021globenewswire.com

HONESDALE, Pa., March 30, 2021 (GLOBE NEWSWIRE) -- Norwood Financial Corp (the “Company”) (NASDAQ Global Market NWFL) today announced the initiation of a stock repurchase program under which the Company may repurchase up to 5% of the Company's outstanding shares...

Norwood Financial Corp Announces Cash Dividend

March 11, 2021globenewswire.com

HONESDALE, Pa., March 11, 2021 (GLOBE NEWSWIRE) -- Lewis J. Critelli, President and Chief Executive Officer of Norwood Financial Corp (NASDAQ Global Market - NWFL) and its subsidiary Wayne Bank announced that the Board of Directors declared a $0.26 per...

Norwood Financial Corp Announces Earnings for the Fourth Quarter and Year

January 27, 2021globenewswire.com

HONESDALE, Pa., Jan. 27, 2021 (GLOBE NEWSWIRE) -- Lewis J. Critelli, President and Chief Executive Officer of Norwood Financial Corp (Nasdaq Global Market – NWFL) and its subsidiary Wayne Bank, announced earnings for the three months ended December 31, 2020...