NWFL

EX-99.1

2 nwfl-20261027xex99_1.htm

EX-99.1

Exhibit 991

FOR IMMEDIATE RELEASE

Norwood Financial Corp announces Third Quarter Financial Results

Quarterly Highlights:

·

Record net income of $11.8 million.

·

Record net interest income of $28.0 million.

·

Net interest margin 4.01%.

·

Diluted earnings per share of $1.08.

·

Total assets of $2.95 billion.

·

Disciplined execution across the enterprise plus contribution from Presence Bank acquisition contributed to the strong performance.

Honesdale, Pennsylvania – October 27, 2026 - Norwood Financial Corp (the “Company”) (Nasdaq Global Market-NWFL), the holding company of Wayne Bank, announced results for the three- and nine-month periods ended September 30, 2026.

Jim Donnelly, President and Chief Executive Officer, stated, “The entire Wayne Bank team continued to perform well in the third quarter, delivering record net income and net interest income for the second consecutive quarter.  In addition to strong income growth, we navigated the bankruptcy related to a borrower relationship, resolving the issue with favorable outcome. Net interest margin expanded on disciplined balance sheet management and one-time benefit of the bankruptcy resolution.  Our financial position is strong and believe we are poised to extend our performance for long-term shareholder value creation.”

Year-Over Year

Linked Quarter

Year-to-Date

(dollars in thousands, except per share data)

3 Months Ended

3 Months Ended

9 Months Ended

Sep-26

Sep-25

Change

Jun-26

Change

Sep-26

Sep-25

Change

Net interest income

$  28,009

$  20,458

$   7,551

$  26,839

$   1,170

$  79,402

$  57,380

$  22,022

Net interest spread (fte) 1

3.36%

2.94%

42 bps

3.27%

9 bps

3.23%

2.77%

46 bps

Net interest margin (fte) 1

4.01%

3.63%

38 bps

3.90%

11 bps

3.87%

3.46%

140 bps

Pre Provision Net Revenue (PPNR) 1

$  15,377

$  10,029

$   5,348

$  13,573

$   1,804

$  28,223

$  24,346

$    3,877

Net income

$  11,763

$    8,334

$   3,429

$    9,328

$   2,435

$  24,821

$  20,313

$    4,508

Diluted earnings per share

$      1.08

$      0.89

$     0.19

$      0.86

$     0.22

$      2.29

$      2.22

$      0.07

Return on average assets

1.60%

1.40%

20 bps

1.28%

32 bps

1.15%

1.16%

(1 bp)

Return on tangible equity

18.51%

16.76%

175 bps

15.04%

347 bps

13.25%

14.04%

(79 bps)

Excluding merger-related and 2026 BOLI Restructuring Fees (see Non-GAAP reconciliations)

Year-Over Year

Linked Quarter

Year-to-Date

(dollars in thousands, except per share data)

3 Months Ended

3 Months Ended

9 Months Ended

Sep-26

Sep-25

Change

Jun-26

Change

Sep-26

Sep-25

Change

Pre Provision Net Revenue (PPNR) 1

$  15,377

$  10,029

$   5,348

$  13,573

$   1,804

$  35,229

$  24,346

$  10,883

Net income

$  11,763

$    8,334

$   3,429

$    9,328

$   2,435

$  24,821

$  20,313

$    4,508

Diluted earnings per share

$      1.08

$      0.89

$     0.19

$      0.86

$     0.22

$      2.29

$      2.22

$      0.07

Return on average assets

1.60%

1.47%

13 bps

1.08%

52 bps

1.39%

1.20%

19 bps

Returnon average Tangible equity

18.51%

17.66%

85 bps

13.08%

543 bps

16.04%

14.54%

150 bps

Discussion of financial results for the three months ended September 30, 2026 (all comparisons are to third quarter 2025, unless otherwise noted):

·

Net income was $11.8 million, an increase of $3.4 million from $8.3 million. Diluted earnings per share were $1.08 compared to $0.89.

·

Net interest income was $28.0 million, an increase of $7.6 million from $20.5 million. On a linked-quarter basis, net interest income increased $1.2 million from $26.8 million.

·

Net interest margin (fully taxable equivalent) was 4.01% compared to 3.63%. On a linked-quarter basis, NIM increased 11 basis points from 3.90%.

·

Pre-provision net revenue (PPNR) was $15.4 million, compared to $10.0 million in the prior year quarter and $13.6 million in the linked quarter.

·

Total assets were $2.951 billion, compared to $2.412 billion, an increase of 18.3%.

·

Loans receivable were $2.294 billion compared to $1.815 billion, an increase of 20.9%.

·

Total deposits were $2.509 billion compared to $2.074 billion, an increase of 17.3%.

·

Tangible book value per share was $22.35 compared to $21.19 at September 30, 2025, and decreased $0.61 on a linked-quarter basis from $22.96.

·

Allowance for credit losses to total loans was 1.10%. Nonperforming loans to total loans were 0.73% and nonperforming assets to total assets were 0.59%.

Follow-up on Second Quarter Credit Event

During the second quarter of 2026, the Company recorded a $729 thousand charge-off related to a borrower relationship that filed for Chapter 11 bankruptcy protection.

During the third quarter, one of the loans that had been placed on non-accrual, due to the bankruptcy previously disclosed, was purchased by a new entity, as was the underlying business.

EX-99.1

2 nwfl-20260722xex99_1.htm

EX-99.1

Exhibit 991

FOR IMMEDIATE RELEASE

Norwood Financial Corp announces Second Quarter Financial Results

Quarterly Highlights:

·

Record net income of $9.3 million.

·

Record net interest income of $26.8 million.

·

Diluted earnings per share of $0.86.

·

Total assets of $2.908 billion.

·

Tangible book value per share increased to $22.96, surpassing the pre-acquisition value of $22.90.

·

Successfully completed Presence Bancshares integration, including core system conversion and brand convergence.

Honesdale, Pennsylvania – July 18, 2026 - Norwood Financial Corp (the “Company”) (Nasdaq Global Market-NWFL), the holding company of Wayne Bank, announced results for the second quarter and six months ended June 30, 2026.

Jim Donnelly, President and Chief Executive Officer, stated, “We are pleased to announce strong second quarter results, highlighted by record net interest income, improved profitability, and continued progress following the integration of Presence Bancshares. Net interest margin expanded on both a year-over-year and linked-quarter basis, reflecting disciplined balance sheet management and the benefit of our larger franchise. We remain focused on credit quality, expense management, and long-term value creation for our shareholders as our teams continue to execute.”

(dollars in thousands, except per share data)

Year-Over Year

Linked Quarter

Year-to-Date

3 Months Ended

3 Months Ended

6 Months Ended

Jun-26

Jun-25

Change

Mar-26

Change

Jun-26

Jun-25

Change

Net interest income

$26,839

$19,065

$7,774

$24,554

$2,285

$51,393

$36,923

$14,470

Net interest spread (fte) 1

3.27%

2.75%

52 bps

3.04%

23 bps

3.16%

2.68%

48 bps

Net interest margin (fte) 1

3.90%

3.43%

47 bps

3.68%

22 bps

3.79%

3.37%

42 bps

Pre Provision Net Revenue (PPNR) 1

$13,573

$8,782

$4,791

$6,279

$7,294

$19,852

$16,927

$2,925

Net income

$9,328

$6,205

$3,123

$3,730

$5,598

$13,058

$11,978

$1,080

Diluted earnings per share

$0.86

$0.67

$0.19

$0.35

$0.51

$1.21

$1.30

$(0.09)

Return on average assets

1.28%

1.06%

22 bps

0.53%

75 bps

0.91%

1.03%

(12 bps)

Return on tangible equity

15.04%

12.83%

221 bps

6.04%

900 bps

10.55%

12.62%

(207 bps)

Excluding merger-related expenses and 2026 BOLI Restructuring Fees (see Non-GAAP reconciliations)

(dollars in thousands, except per share data)

Year-Over Year

Linked Quarter

Year-to-Date

3 Months Ended

3 Months Ended

6 Months Ended

Jun-26

Jun-25

Change

Mar-26

Change

Jun-26

Jun-25

Change

Pre Provision Net Revenue (PPNR)

$13,626

$8,932

$4,694

$11,445

$2,181

$25,071

$8,932

$16,139

Net income

$9,370

$6,324

$3,046

$7,811

$1,559

$17,181

$12,097

$5,085

Diluted earnings per share

$0.86

$0.69

$0.17

$0.72

$0.14

$1.59

$1.31

$0.28

Return on average assets

1.29%

1.08%

21 bps

1.10%

19bps

1.20%

1.04%

16bps

Return on average tangible equity

15.11%

13.08%

203 bps

12.65%

246 bps

13.88%

12.75%

126 bps

Discussion of financial results for the three months ended June 30, 2026 (all comparisons are to second quarter 2025, unless otherwise noted):

·

Net income was $9.3 million, an increase of $3.1 million from $6.2 million. Diluted earnings per share were $0.86 compared to $0.67.

·

Net interest income was $26.8 million, an increase of $7.8 million from $19.1 million. On a linked-quarter basis, net interest income increased $2.3 million from $24.6 million.

·

Net interest margin (fully taxable equivalent) was 3.90% compared to 3.43%. On a linked-quarter basis, NIM increased 22 basis points from 3.68%.

·

Pre-provision net revenue (PPNR) was $13.6 million, compared to $8.8 million in the prior-year quarter and $6.3 million in the linked quarter.

·

Total assets were $2.908 billion, compared to $2.365 billion, an increase of 22.9%.

·

Loans receivable were $2.263 billion compared to $1.791 billion, an increase of 26.4%.

·

Total deposits were $2.514 billion compared to $1.998 billion, an increase of 25.8%.

·

Tangible book value per share was $22.96 compared to $21.17 at June 30, 2025, and increased $0.54 on a linked-quarter basis from $22.43.

·

Allowance for credit losses to total loans was 1.13%. Nonperforming loans to total loans were 1.23% and nonperforming assets to total assets were 0.98%.

Credit Quality

During the second quarter of 2026, the Company recorded net charge-offs of approximately $1.4 million, including a $729 thousand charge-off related to a previously disclosed borrower relationship that filed for Chapter 11 bankruptcy protection during June 2026. The relationship consists of five loans to four borrower entities with aggregate exposure of approximately $22 million to the Bank and is primarily secured by commercial real estate. The Company continues to evaluate the potential loss exposure associated with the relationship, monitor the bankruptcy proceedings, and assess underlying collateral values. Managem

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