Company: NWFL
Filing Date: 2025-07-07
Form Type: 425
Source: 0001193125-25-156258
Chunk: 138

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-07-07
Form: 425
Chunk 138
---
12

Disciplined Yet Opportunistic Growth Strategy 13

Thorough Due Diligence Process • • • • • • • 14

Tangible Book Value Dilution Reconciliation 1 1 16

Illustrative PF Net Income & EPS Accretion Reconciliations 17

PBBK: Non-GAAP Reconciliations 18

PBBK: Non-GAAP Reconciliations (Continued) 19

PBBK: Non-GAAP Reconciliations (Continued) 20

Thank You

Exhibit 99.2

Norwood Financial Corp Extends its Pennsylvania Presence with

Strategic Acquisition of PB Bankshares, Inc.

July 7, 2025

For Immediate Release

HONESDALE, PA. AND COATESVILLE, PA. — Norwood Financial Corp (“Norwood Financial”) (NASDAQ: NWFL), headquartered in Honesdale, Pennsylvania, and
PB Bankshares, Inc. (“Presence”) (NASDAQ: PBBK), headquartered in Coatesville, Pennsylvania, jointly announced today that both companies’ boards of directors have unanimously approved an agreement and plan of merger (the
“Agreement”) pursuant to which Presence will merge with and into Norwood.

Norwood Financial is the bank holding company for Wayne Bank, which
operates 30 banking offices in Pennsylvania and New York. As of March 31, 2025, Norwood Financial had consolidated assets of $2.4 billion. Presence is the bank holding company for Presence Bank, which operates four banking offices, one
loan production office and one administration office in Central and Southeastern Pennsylvania. Presence had assets of $467 million as of March 31, 2025. In connection with the merger of the holding companies, Presence’s subsidiary,
Presence Bank, will be merged into Wayne Bank. The combined company will have approximately $3.0 billion in assets and will be a premier Pennsylvania community bank operating in Northeastern, Central and Southeastern Pennsylvania.

This strategic combination represents a substantial expansion of Norwood Financial’s geographic footprint into higher growth markets in Central and
Southeastern Pennsylvania, while enhancing Presence Bank’s capacity to provide exceptional service and solutions to its existing customers in the markets it serves.

A joint announcement of the transaction was made today by James O. Donnelly, President, CEO and Director of Norwood Financial, and Janak M. Amin, President,
CEO and Director of Presence. Mr. Donnelly stated, “I am