Company: NWFL
Filing Date: 2025-10-28
Form Type: 424B3
Source: 0001193125-25-252482
Chunk: 134

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-10-28
Form: 424B3
Chunk 134
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87

result of the assumptions and methods used by Stephens to compute the financial data presented. The table below contains information reviewed and utilized by Stephens in its analysis:

|    |     | Company                    |     | Ticker |     | Total  
 Assets 
 ($M)   |     |     | Loans /  
 Deposits 
 (%)      |       |   |     | TCE / 
 TA    
 (%)   |      |   |     | NIB /     
 Total     
 Deposits  
 (%)       
 NPAs /    
 Assets(1) 
 (%)       |    |   |     | Core 
 ROAA 
 (%)  |      |   |     | Core   
 ROATCE 
 (%)    |       |      |     | Market 
 Cap    
 ($M)   |      |      |     | Tang. 
 BV    
 (x)   |     |     | Price / 
 MRQ     
 Core    
 EPS     
 (x)     |       | LTM  
 Core 
 EPS  
 (x)  |     |          |     | ‘25 
 EPS 
 (x) |       |    |     | ‘26 
 EPS 
 (x) |       |    |     |       |    |
|:---|:----|:---------------------------|:----|:-------|:----|:-------|----:|:----|:---------|------:|:--|:----|:------|-----:|:--|:----|:----------|---:|:--|:----|:-----|-----:|:--|:----|:-------|------:|:-----|:----|:-------|-----:|:-----|:----|:------|----:|:----|:--------|:------|:-----|:----|:---------|:----|:----|:------|---:|:----|:----|:------|---:|:----|:------|---:|
| 1  |     | Auburn National Bancorp.   |     | AUBN   |     | $      | 997 |     |          |  61.6 | % |     |       |  8.3 | % |     |           | 30 | % |     |      | 0.05 | % |     |        |  0.62 | %    |     |        |  7.8 | %    |     | $     |  81 |