Norwood Financial | 10-Q: FY2025 Q3 Revenue: USD 34.7 M

Revenue: As of FY2025 Q3, the actual value is USD 34.7 M.

EPS: As of FY2025 Q3, the actual value is USD 0.89, beating the estimate of USD 0.705.

EBIT: As of FY2025 Q3, the actual value is USD -9.927 M.

Segment Revenue

• Interest Income: Total interest income for the nine months ended September 30, 2025 was $93.5 million, compared to $83.1 million for the same period in 2024.

Operational Metrics

• Net Income: Net income for the nine months ended September 30, 2025 was $20.3 million, compared to $12.5 million for the same period in 2024.
• Net Interest Income: Net interest income for the nine months ended September 30, 2025 was $57.4 million, compared to $45.6 million for the same period in 2024.
• Provision for Credit Losses: The provision for credit losses for the nine months ended September 30, 2025 was $1.3 million, compared to $1.1 million for the same period in 2024.

Cash Flow

• Net Cash Provided by Operating Activities: Net cash provided by operating activities for the nine months ended September 30, 2025 was $25.2 million, compared to $18.0 million for the same period in 2024.
• Net Cash Used in Investing Activities: Net cash used in investing activities for the nine months ended September 30, 2025 was - $85.9 million, compared to - $52.7 million for the same period in 2024.
• Net Cash Provided by Financing Activities: Net cash provided by financing activities for the nine months ended September 30, 2025 was $63.1 million, compared to $51.4 million for the same period in 2024.

Unique Metrics

• Non-Performing Loans: Non-performing loans totaled $6.6 million or 0.36% of total loans as of September 30, 2025, compared to $7.9 million or 0.46% of total loans as of December 31, 2024.

Future Outlook and Strategy

• Core Business Focus: The Company plans to maintain a strong, stable net interest margin, utilize capital effectively without taking undue risks, maintain adequate liquidity, and reduce vulnerability to changes in interest rates.
• Non-Core Business: The Company is in the process of acquiring PB Bankshares, Inc., with the merger expected to be completed in the fourth quarter of 2025 or the first quarter of 2026.