Norwood Financial Corp
NASDAQ: NWFL · FINANCIAL SERVICES · BANKS - REGIONAL
Updated 2026-06-05
Norwood Financial Corp (NWFL) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $454.36M | $480.61M | $504.30M | $529.70M | $537.00M | $668.81M | $672.30M | $711.23M | $711.63M | $750.50M | $1.11B | $1.13B | $1.18B | $1.23B | $1.85B | $2.07B | $2.05B | $2.20B | $2.32B | $2.42B |
| Cash & equivalents | $9.52M | $9.06M | $6.48M | $14.36M | $13.63M | $21.42M | $12.29M | $7.86M | $12.38M | $10.01M | $17.17M | $16.70M | $18.35M | $15.41M | $111.69M | $206.68M | $31.87M | $66.12M | $72.34M | $44.44M |
| Current assets | $11.65M | $11.41M | $8.66M | $16.55M | $15.79M | $174.07M | $160.08M | $168.42M | $171.11M | $151.22M | $323.38M | $301.53M | $265.40M | $229.34M | $344.51M | $619.35M | $457.71M | $480.50M | $478.65M | $333.70M |
| Total liabilities | $402.13M | $424.79M | $445.61M | $465.23M | $469.31M | $580.75M | $579.88M | $619.37M | $612.59M | $649.51M | $1.00B | $1.02B | $1.06B | $1.09B | $1.66B | $1.86B | $1.88B | $2.02B | $2.10B | $2.18B |
| Current liabilities | $383.73M | $399.88M | $400.01M | $419.33M | $428.71M | $570.68M | $554.36M | $592.12M | $586.61M | $605.10M | $959.26M | $973.35M | $1.00B | $1.02B | $1.60B | $1.82B | $1.86B | $1.90B | $2.01B | $2.14B |
| Long-term debt | $13.00M | $18.00M | $43.00M | $38.00M | $20.00M | $22.67M | $17.49M | $23.76M | $15.09M | $41.13M | $32.00M | $35.95M | $52.28M | $56.44M | $42.46M | $30.00M | $40.00M | $69.83M | $59.85M | $29.42M |
| Shareholder equity | $52.23M | $55.82M | $58.69M | $64.47M | $67.70M | $88.06M | $92.42M | $91.86M | $99.04M | $101.00M | $111.08M | $115.74M | $122.28M | $137.43M | $194.78M | $205.26M | $167.09M | $181.07M | $213.51M | $242.16M |
| Retained earnings | $43.13M | $47.03M | $50.40M | $54.45M | $58.65M | $62.31M | $66.74M | $60.80M | $64.08M | $65.41M | $67.22M | $70.43M | $78.43M | $86.54M | $93.80M | $110.02M | $130.02M | $135.28M | $152.96M | $141.13M |
| Accounts receivable | $2.13M | $2.34M | $2.18M | $2.20M | $2.17M | $2.47M | $2.39M | $2.42M | $2.34M | $2.36M | $3.64M | $3.72M | $3.78M | $3.72M | $6.23M | $5.89M | $6.92M | $8.12M | $8.47M | $9.25M |
| Inventory | — | — | $660000.00 | $392000.00 | $748000.00 | $2.91M | $852000.00 | $1.01M | $3.73M | $2.85M | $5.30M | $1.66M | $1.11M | $-20.69M | $-118.89M | $-214.31M | $-39.13M | $-1.56B | — | — |
| Goodwill | — | — | — | — | — | $9.71M | $9.71M | $9.71M | $9.71M | $9.71M | $11.33M | $11.33M | $11.33M | $11.33M | $29.29M | $29.27M | $29.27M | $29.27M | $29.27M | $29.27M |
Frequently asked questions
What is Norwood Financial Corp's revenue?
Norwood Financial Corp's trailing twelve-month revenue is $92.63M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is NWFL?
In its most recent fiscal year, NWFL ran a gross margin of 63.63%, an operating margin of 26.07%, and a net margin of 20.39%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does NWFL generate?
NWFL produced $29.25M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is NWFL's balance sheet healthy?
NWFL holds $44.44M in cash and equivalents against $29.42M in long-term debt, on $242.16M of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.