# EDGAR Filing Document

**Accession Number:** 0001013272
**File Stem:** 0001193125-26-179294
**Filing Date:** 2026-4
**Character Count:** 67142
**Document Hash:** 5450c244fee261dc9187c2f4ece9ed90
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-179294.hdr.sgml**: 20260427

**ACCESSION NUMBER**: 0001193125-26-179294

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 35

**CONFORMED PERIOD OF REPORT**: 20260427

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260427

**DATE AS OF CHANGE**: 20260427

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NORWOOD FINANCIAL CORP
- **CENTRAL INDEX KEY:** 0001013272
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 232828306
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-28364
- **FILM NUMBER:** 26896823

**BUSINESS ADDRESS:**
- **STREET 1:** 717 MAIN ST
- **STREET 2:** PO BOX 269
- **CITY:** HONESDALE
- **STATE:** PA
- **ZIP:** 18431
- **BUSINESS PHONE:** 570-253-8500

**MAIL ADDRESS:**
- **STREET 1:** 717 MAIN ST
- **STREET 2:** PO BOX 269
- **CITY:** HONESDALE
- **STATE:** PA
- **ZIP:** 18431

?xml version='1.0' encoding='ASCII'? 8-K

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### WASHINGTON, D.C. 20549

### FORM 8-K

#### CURRENT REPORT

#### PURSUANT TO SECTION 13 OR 15(D)

#### OF THE SECURITIES EXCHANGE ACT OF 1934

#### Date of Report (Date of earliest event reported): April 27, 2026

## NORWOOD FINANCIAL CORP

#### (Exact Name of Registrant as Specified in its Charter)

---

| | | |
|:---|:---|:---|
| **Pennsylvania** | **0-28364** | **23-2828306** |
| **(State or Other Jurisdiction**<br> **of Incorporation)** | **(Commission**<br> **File No.)** | **(I.R.S. Employer**<br> **Identification No.)** |

---

---

| | |
|:---|:---|
| **717 Main Street, Honesdale, Pennsylvania** | **18431** |
| **(Address of Principal Executive Offices)** | **(Zip Code)** |

---

#### Registrant's telephone number, including area code: (570) 253-1455

#### Not Applicable

#### (Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of class** | **Trading**<br> **symbol** | **Name of exchange on**<br> **which registered Common** |
| Common Stock, $0.10 par value | NWFL | The Nasdaq Stock Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

---

| | |
|:---|:---|
| **Item 2.02** | **<u>Results of Operations and Financial Condition</u>**  |

---

On April 27, 2026, Norwood Financial Corp (the "Company"), the holding company for Wayne Bank, issued a press release in which it announced its earnings for the quarter ended March 31, 2026.

A copy of the press release announcing the results is included as Exhibit 99.1 to this Current Report on Form 8-K and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933.

---

| | |
|:---|:---|
| **Item 7.01** | **<u>Regulation FD Disclosure</u>**  |

---

On April 27, 2026, the Company will host a call with respect to earnings for the quarter ended March 31, 2026 and will use and post an earnings presentation for the quarterly results of operations (the "Earnings Presentation"). The Earnings Presentation is included as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated herein by reference.

The information included in this Current Report pursuant to this Item 7.01 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933.

---

| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.**  |

---

(d) Exhibits:

---

| | |
|:---|:---|
| **Exhibit<br>No.** | **Description** |
| 99.1 | [Press Release dated April 27, 2026.](d55867dex991.htm) |
| 99.2 | [Norwood Financial Corp Earnings Presentation for the Quarter Ended March 31, 2026](d55867dex992.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

------

#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  |  | **NORWOOD FINANCIAL CORP** |
| DATE: April 27, 2026 | By: | /s/ John M. McCaffery |
|  |  | John M. McCaffery |
|  |  | Executive Vice President and Chief Executive Officer |

---

## Exhibit 99.1

**Exhibit 99.1**![LOGO](g55867dsp04.jpg)

FOR IMMEDIATE RELEASE

**Norwood Financial Corp announces First Quarter Financial Results** 

Quarterly Highlights:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Successfully closed acquisition of Presence Bancshares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Completed core system conversion April 13, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total assets $2.9 billion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Record Net Interest Income of $24.6 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Tangible Book Value per share $22.43.

**Honesdale, Pennsylvania – April 27, 2026 -** Norwood Financial Corp (the "Company") (Nasdaq Global Market-NWFL) the holding company of Wayne Bank, announced results for the first quarter ended March 31, 2026.

Jim Donnelly, President and Chief Executive Officer, stated, "We are pleased to announce our first quarter results as they reflect the underlying strength of our franchise and the progress we are making in a challenging operating environment. On an adjusted basis, we delivered solid pre-provision net revenue growth, expanded our net interest spread and margin, and improved returns on both assets and tangible equity year over year. While reported results were impacted by merger-related and restructuring expenses this quarter, we remain focused on disciplined execution, expense management, and long-term value creation for our shareholders, especially with the strength of our recently integrated teams."

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| (dollars in thousands, except per share data) | Year-Over Year | Year-Over Year | Year-Over Year | Linked Quarter | Linked Quarter |
| (dollars in thousands, except per share data) | 3 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended |
| (dollars in thousands, except per share data) | Mar-26 | Mar-25 | Change | Dec-25 | Change |
|  Net interest income | $24554 | $17857 | $6697 | $20944 | $3610 |
|  Net interest spread (fte) <sup>1</sup> | 3.04% | 2.61% | 43 bps | 2.93% | 11 bp |
|  Net interest margin (fte) <sup>1</sup> | 3.68% | 3.30% | 38 bps | 3.60% | 8 bps |
|  Pre Provision Net Revenue (PPNR) <sup>1</sup> | $6279 | $8144 | $(1865) | $9836 | $(3557) |
|  Net income (loss) | $3730 | $5773 | $(2043) | $7442 | $(3712) |
|  Diluted earnings per share | $0.35 | $0.63 | $(0.28) | $0.81 | $(0.46) |
|  Return on average assets | 0.53% | 1.01% | -48 bps | 1.21% | -68 bps |
|  Return on average tangible equity | 6.04% | 12.40% | -636 bps | 14.01% | -797 bps |
|  1 - Non GAAP ratio. See Non-GAAP Reconciliation | 1 - Non GAAP ratio. See Non-GAAP Reconciliation |  |  |  |  |

---

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| (dollars in thousands, except per share data) | Year-Over Year | Year-Over Year | Year-Over Year | Linked Quarter | Linked Quarter |
| (dollars in thousands, except per share data) | 3 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended | 3 Months Ended |
| (dollars in thousands, except per share data) | Mar-26 | Mar-25 | Change | Dec-25 | Change |
|  Pre Provision Net Revenue (PPNR) | $11445 | $8144 | $3301 | $10356 | $1089 |
|  Net income (loss) | $7811 | $5773 | $2038 | $7853 | $(42) |
|  Diluted earnings per share | $0.72 | $0.63 | $0.09 | $0.85 | $(0.13) |
|  Return on average assets | 1.10% | 1.01% | 9 bps | 1.28% | -18 bps |
|  Return on average tangible equity | 12.65% | 12.40% | 25 bps | 14.78% | -213 bps |

---

------

Discussion of financial results for the three months ended March 31, 2026(all comparison year-Q1 2026 to Q1 2025, unless otherwise noted):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net income of $3.7 million, a decrease of $2.0 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net interest income increased mostly due to the addition of the Presence Bancshares balance sheet on
January 5, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Net interest margin (NIM) was 3.68% compared to 3.30%. On a linked quarter basis the NIM increased 8 basis points
from 3.60%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Non-interest income increased $204 thousand on a linked quarter
basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total assets were $2.917 billion, compared to $2.376 billion, an increase of 22.8%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Loans receivable were $2.238 billion, compared to $1.771 billion, an increase of 26.4%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Total deposits were $2.507 billion, compared to $2.004 billion, an increase of 25.1%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Tangible Common Equity as a percent of Tangible Assets was 8.49%, versus 8.15%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Tangible Book Value (TBV) per share was $22.43. compared to $20.66 an increase of $1.77. TBV per share decreased
$0.47 or 2.1% on a linked quarter basis due to the acquisition of PB Bancshares (see below), payment of our common dividend, and a decrease in the value of our available-for-sale portfolio as reflected in Other Comprehensive Income (OCI).

Discussion of Merger and Purchase Accounting Impacts

The acquisition of PB Bancshares closed on January 5, 2026 (the "Closing Date). The following are some relevant statistics regarding the impact of Purchase Accounting adjustments as well as Merger Related Charges that were calculated as of the Closing Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• At closing, but before any merger adjustments, PB Bancshares had:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Loans - $356 million

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Investments - $20.8 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Deposits - $358 million

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Borrowings - $42 million

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Tangible Book Value (TBV) per share as of the Closing Date was calculated to be $22.38/share. At
December 31, 2025 the TBV/share for Norwood was $22.90/share. This implies a TBV/share dilution of $0.52 or 2.24%. The estimated TBV/share dilution at announcement was $0.92 or 4.20%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Subsequent declines in TBV/Share through March 31, 2026 were due to negative AOCI marks on the investment
portfolio and common dividends declared.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Core Deposit Intangible (CDI) was calculated to be $3.3 million at closing. At announcement the
estimated CDI was $4.9 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The estimate for merger related expenses was $7.1 million versus $6.1 million incurred to date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The net Goodwill created as a result of the transaction was $7.1 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The Pre-Tax impact of purchase accounting accretion during the quarter
was a positive $435 thousand.

------

**<u>About Norwood Financial Corp</u>**

Norwood Financial Corp, through its subsidiary, Wayne Bank operates 33 Community Offices serving Wayne, Pike, Monroe, Lackawanna, Luzerne, Chester, Cumberland, and Lancaster Counties in Pennsylvania, along with Delaware, Sullivan, Otsego, Ontario, and Yates Counties in New York. The Company has total assets of $2.9 billion. The Company's stock is traded on the Nasdaq Global Market under the symbol "NWFL". For more information, visit wayne.bank.

**Forward-Looking Statements** 

In addition to historical information, this earnings release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which describes the future plans, strategies and expectations of the Company. Forward-looking statements can be identified by the use of words such as "estimate," "project," "believe," "intend," "anticipate," "assume," "plan," "seek," "expect," "will," "may," "should," "indicate," "would," "contemplate," "continue," "target" and words of similar meaning. Forward-looking statements are based on our current beliefs and expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Accordingly, you should not place undue reliance on such statements. We are under no duty to and do not take any obligation to update any forward-looking statements after the date of this report. Those risks and uncertainties include, among other things, changes in federal and state laws, changes in interest rates, our ability to maintain strong credit quality metrics, our ability to have future performance, our ability to control core operating expenses and costs, demand for real estate, government fiscal and trade policies, cybersecurity and general economic conditions. The Company undertakes no obligation to publicly release the results of any revisions to those forward-looking statements which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

**<u>Non-GAAP Measures</u>**

In addition to presenting information in conformity with accounting principles generally accepted in the United States of America (GAAP), this news release contains financial information determined by methods other than GAAP (non-GAAP). The following measures used in this release, which are commonly utilized by financial institutions, have not been specifically exempted by the Securities and Exchange Commission ("SEC") and may constitute "non-GAAP financial measures" within the meaning of the SEC's rules.

The Company has provided in this news release supplemental disclosures for the calculation of Return on Average Assets, Return on Average Tangible Shareholders' Equity, Basic Earnings per Share, Diluted Earnings per Share, Tangible Book Value and Pre Provision Net Revenue. Management believes that the non-GAAP financial measures disclosed by the Company from time to time are useful in evaluating the Company's performance and that such information should be considered as supplemental in nature and not as a substitute for or superior to the related financial information prepared in accordance with GAAP. Our non-GAAP financial measures may differ from similar measures presented by other companies.

Contact: John M. McCaffery

Executive Vice President &

Chief Financial Officer

NORWOOD FINANCIAL CORP

272-304-3003

<u>www.waynebank.com</u>

------

**NORWOOD FINANCIAL CORP** 

**Consolidated Balance Sheets** 

**(dollars in thousands, except share and per share data)** 

**(unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **March 31** | **March 31** |
|  | **2026** | 2025 |
|  ASSETS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and due from banks | $**25480** | $31729 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest-bearing deposits with banks | **75258** | 43678 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fed funds sold | **1835** | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and cash equivalents | **102573** | 75407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities available for sale | **431204** | 408742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans receivable | **2238657** | 1771269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Less: Allowance for credit losses | **24350** | 20442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net loans receivable | **2214307** | 1750827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Regulatory stock, at cost | **7161** | 7616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank premises and equipment, net | **25299** | 20273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank owned life insurance | **55078** | 46914 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreclosed real estate owned | **771** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accrued interest receivable | **10815** | 8587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred tax assets, net | **19728** | 17859 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goodwill | **36375** | 29266 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other intangible assets | **3318** | 136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other assets | **10625** | 10417 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TOTAL ASSETS | $**2917254** | $2376044 |
|  LIABILITIES |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-interest bearing demand | $**470706** | $391377 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest-bearing | **2035992** | 1613071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total deposits | **2506698** | 2004448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other borrowings | **88268** | 118590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accrued interest payable | **9692** | 13864 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other liabilities | **28658** | 18435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TOTAL LIABILITIES | **2633316** | 2155337 |
|  STOCKHOLDERS' EQUITY |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred Stock, no par value per share, authorized 5,000,000 shares | **—** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stock, $.10 par value per share, authorized: 20,000,000 shares, issued: 2025: 11,181,491 shares, 2024: 9,489,398 shares | **1118** | 949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Surplus | **174078** | 126785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Retained earnings | **140843** | 127865 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Treasury stock, at cost: 2025: 291,325 shares, 2024: 229,979 shares | **(7970)** | (6208) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accumulated other comprehensive loss | **(24131)** | (28684) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TOTAL STOCKHOLDERS' EQUITY | **283938** | 220707 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $**2917254** | $2376044 |

---

------

**NORWOOD FINANCIAL CORP** 

**Consolidated Statements of Income** 

**(dollars in thousands, except per share data)** 

**(unaudited)** 

---

| | | |
|:---|:---|:---|
|  | Three Months Ended March 31, | Three Months Ended March 31, |
|  | **2026** | 2025 |
|  INTEREST INCOME |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans receivable, including fees | $**33873** | $25988 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities | **4110** | 3870 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | **400** | 226 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Interest income | **38383** | 30084 |
|  INTEREST EXPENSE |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits | **12787** | 10748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-term borrowings | **60** | 458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other borrowings | **982** | 1021 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Interest expense | **13829** | 12227 |
|  NET INTEREST INCOME | **24554** | 17857 |
|  PROVISION FOR CREDIT LOSSES | $**1459** | $857 |
|  NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES | **23095** | 17000 |
|  OTHER INCOME |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Service charges and fees | **1755** | 1513 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income from fiduciary activities | **238** | 325 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains on sales of loans, net | **76** | 47 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Earnings and proceeds on life insurance policies | **314** | 286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | **332** | 180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total other income | **2715** | 2351 |
|  OTHER EXPENSES |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Salaries and employee benefits | **8549** | 6472 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Occupancy, furniture and equipment | **1725** | 1378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Data processing and related operations | **1435** | 1085 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Taxes, other than income | **202** | 192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Professional fees | **826** | 659 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FDIC Insurance assessment | **507** | 406 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreclosed real estate | **36** | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization of intangibles | **165** | 15 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Merger | **4941** | 0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | **2604** | 1853 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total other expenses | **20990** | 12064 |
|  INCOME BEFORE TAX EXPENSE | **4820** | 7287 |
|  INCOME TAX EXPENSE | **1090** | 1514 |
|  NET INCOME | $**3730** | $5773 |
|  Basic earnings per share | $**0.35** | $0.63 |
|  Diluted earnings per share | $**0.35** | $0.63 |

---

------

**NORWOOD FINANCIAL CORP** 

**NET INTEREST MARGIN ANALYSIS** 

**(dollars in thousands)** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **For the Quarter Ended** | **For the Quarter Ended** | **For the Quarter Ended** | **For the Quarter Ended** | **For the Quarter Ended** | **For the Quarter Ended** | **For the Quarter Ended** | **For the Quarter Ended** | **For the Quarter Ended** |
|  | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **March 31, 2025** | **March 31, 2025** | **March 31, 2025** |
|  | **Average**<br>**Balance**<br>(2) | **Interest**<br>(1) | **Average**<br>**Rate**<br>(3) | **Average**<br>**Balance**<br>(2) | **Interest**<br>(1) | **Average**<br>**Rate**<br>(3) | **Average**<br>**Balance**<br>(2) | **Interest**<br>(1) | **Average**<br>**Rate**<br>(3) |
|  **Assets** |  |  |  |  |  |  |  |  |  |
|  **Interest-earning assets:** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fed funds sold | $933 | 11 | 4.78% | $nan% |  |  | $nan% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest-bearing deposits with banks | 72896 | $389 | 2.16 | 46766 | $474 | 4.02 | 20802 | $226 | 4.41 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities available for sale: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Taxable | 415567 | 3859 | 3.77 | 400094 | 3656 | 3.63 | 408427 | 3623 | 3.60 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tax-exempt (1) | 44634 | 318 | 2.89 | 44700 | 316 | 2.80 | 44242 | 312 | 2.86 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total securities available for sale (1) | 460201 | 4177 | 3.68 | 444794 | 3972 | 3.54 | 452669 | 3935 | 3.53 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans receivable (1) (4) (5) | 2195033 | 33999 | 6.28 | 1835902 | 28786 | 6.22 | 1743572 | 26120 | 6.08 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total interest-earning assets** | 2729063 | 38576 | 5.73 | 2327462 | 33232 | 5.66 | 2217043 | 30281 | 5.54 |
|  **Non-interest earning assets:** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and due from banks | 30663 |  |  | 31388 |  |  | 28705 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allowance for credit losses | (23391) |  |  | (20070) |  |  | (20154) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other assets | 131739 |  |  | 102792 |  |  | 93131 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total non-interest earning assets** | 139011 |  |  | 114110 |  |  | 101682 |  |  |
|  **Total Assets** | $2868074 |  |  | $2441572 |  |  | $2318725 |  |  |
|  **Liabilities and Stockholders' Equity** |  |  |  |  |  |  |  |  |  |
|  **Interest-bearing liabilities:** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest-bearing demand and money market | $723966 | $3462 | 1.94 | $640265 | $3324 | 2.06 | $546884 | $2801 | 2.08 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Savings | 218829 | 137 | 0.25 | 198463 | 106 | 0.21 | 211905 | 142 | 0.27 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Time | 1040656 | 9188 | 3.58 | 848216 | 7904 | 3.70 | 793803 | 7805 | 3.99 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total interest-bearing deposits** | 1983451 | 12787 | 2.61 | 1686944 | 11334 | 2.67 | 1552592 | 10748 | 2.81 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-term borrowings | 6358 | 60 | 3.83 | 2461 | 25 | 4.03 | 44297 | 458 | 4.19 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other borrowings | 95152 | 982 | 4.19 | 68025 | 743 | 4.33 | 93549 | 1021 | 4.43 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total interest-bearing liabilities** | 2084961 | 13829 | 2.69 | 1757430 | 12102 | 2.73 | 1690438 | 12227 | 2.93 |
|  **Non-interest bearing liabilities:** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Demand deposits | 458126 |  |  | 413238 |  |  | 380544 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other liabilities | 35188 |  |  | 30781 |  |  | 29549 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total non-interest bearing liabilities** | 493314 |  |  | 444019 |  |  | 410093 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stockholders' equity | 289799 |  |  | 240123 |  |  | 218194 |  |  |
|  **Total Liabilities and Stockholders' Equity** | $2868074 |  |  | $2441572 |  |  | $2318725 |  |  |
|  Net interest income/spread (tax equivalent basis) |  | 24747 | 3.04% |  | 21130 | 2.93% |  | 18054 | 2.61% |
|  Tax-equivalent basis adjustment |  | (193) |  |  | (186) |  |  | (197) |  |
|  Net interest income |  | $24554 |  |  | $20944 |  |  | $17857 |  |
|  Net interest margin (tax equivalent basis) |  |  | 3.68% |  |  | 3.60% |  |  | 3.30% |

---

(1) Interest and yields are presented on a tax-equivalent basis using a
marginal tax rate of 21%.

(2) Average balances have been calculated based on daily balances.

(3) Annualized

(4) Loan balances include non-accrual loans and are net of unearned income.

(5) Loan yields include the effect of amortization of deferred fees, net of costs.

------

**NORWOOD FINANCIAL CORP** 

**Financial Highlights (Unaudited)** 

**(dollars in thousands, except per share data)** 

---

| | | |
|:---|:---|:---|
| **For the Three Months Ended March 31** | **2026** | 2025 |
|  Net interest income | $**24554** | $17857 |
|  Net income | **3730** | 5773 |
|  Net interest spread (fully taxable equivalent) | **3.04%** | 2.61% |
|  Net interest margin (fully taxable equivalent) | **3.68%** | 3.30% |
|  Return on average assets | **0.53%** | 1.01% |
|  Return on average equity | **5.22%** | 10.73% |
|  Return on average tangible equity | **6.04%** | 12.40% |
|  Basic earnings per share | $**0.35** | $0.63 |
|  Diluted earnings per share | $**0.35** | $0.63 |
| **As of March 31** | **2026** | 2025 |
|  Total assets | $**2917254** | $2376044 |
|  Total loans receivable | **2238657** | 1771269 |
|  Allowance for credit losses | **24350** | 20442 |
|  Total deposits | **2506698** | 2004448 |
|  Stockholders' equity | **283938** | 220707 |
|  Trust assets under management | **213318** | 198761 |
|  Book value per share | $**26.07** | $23.84 |
|  Tangible book value per share | $**22.43** | $20.66 |
|  Equity to total assets | **9.73%** | 9.29% |
|  Allowance to total loans receivable | **1.09%** | 1.15% |
|  Nonperforming loans to total loans | **0.46%** | 0.45% |
|  Nonperforming assets to total assets | **0.38%** | 0.33% |

---

------

**NORWOOD FINANCIAL CORP** 

**Consolidated Balance Sheets (unaudited)** 

**(dollars in thousands)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | March 31<br>2026 | December 31<br>2025 | September 30<br>2025 | June 30<br>2025 | March 31<br>2025 |
|  ASSETS |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and due from banks | $25480 | $32118 | $50348 | $32052 | $31729 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest-bearing deposits with banks | 75258 | 12318 | 24382 | 20993 | 43678 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Fed Funds Sold | 1835 |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and cash equivalents | 102573 | 44436 | 74730 | 53045 | 75407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities available for sale | 431204 | 408782 | 403989 | 402460 | 408742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans receivable | 2238657 | 1853422 | 1814682 | 1790574 | 1771269 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Less: Allowance for credit losses | 24350 | 19882 | 19911 | 20908 | 20442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net loans receivable | 2214307 | 1833540 | 1794771 | 1769666 | 1750827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Regulatory stock, at cost | 7161 | 6623 | 6163 | 7538 | 7616 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank owned life insurance | 55078 | 46089 | 45821 | 46099 | 46914 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bank premises and equipment, net | 25299 | 22971 | 22292 | 21608 | 20273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreclosed real estate owned | 771 | 771 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goodwill and other intangibles | 39693 | 29364 | 29375 | 29387 | 29402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other assets | 41168 | 32266 | 34810 | 35547 | 36863 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TOTAL ASSETS | $2917254 | $2424842 | $2411951 | $2365350 | $2376044 |
|  LIABILITIES |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-interest bearing demand | $470706 | $419597 | $424027 | $406358 | $391377 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest-bearing deposits | 2035992 | 1659048 | 1649941 | 1591476 | 1613071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total deposits | 2506698 | 2078645 | 2073968 | 1997834 | 2004448 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings | 88268 | 74133 | 72071 | 111850 | 118590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other liabilities | 38350 | 29907 | 31007 | 30241 | 32299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TOTAL LIABILITIES | 2633316 | 2182685 | 2177046 | 2139925 | 2155337 |
|  STOCKHOLDERS' EQUITY | 283938 | 242157 | 234905 | 225425 | 220707 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $2917254 | $2424842 | $2411951 | $2365350 | $2376044 |
| **NORWOOD FINANCIAL CORP** |  |  |  |  |  |
| **Consolidated Statements of Income (unaudited)** |  |  |  |  |  |
| **(dollars in thousands, except per share data)** |  |  |  |  |  |
|  | March 31 | December 31 | September 30 | June 30 | March 31 |
| Three months ended | 2026 | 2025 | 2025 | 2025 | 2025 |
|  INTEREST INCOME |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans receivable, including fees | $33873 | $28666 | $28141 | $27115 | $25988 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities | 4110 | 3906 | 3907 | 3871 | 3870 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | 400 | 474 | 144 | 220 | 226 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total interest income | 38383 | 33046 | 32192 | 31206 | 30084 |
|  INTEREST EXPENSE |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deposits | 12787 | 11334 | 10730 | 10869 | 10748 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Borrowings | 1042 | 768 | 1004 | 1272 | 1479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total interest expense | 13829 | 12102 | 11734 | 12141 | 12227 |
|  NET INTEREST INCOME | 24554 | 20944 | 20458 | 19065 | 17857 |
|  PROVISION FOR (RELEASE OF) CREDIT LOSSES | 1459 | 468 | (502) | 950 | 857 |
|  NET INTEREST INCOME AFTER (RELEASE OF) PROVISION FOR CREDIT LOSSES | 23095 | 20476 | 20960 | 18115 | 17000 |
|  OTHER INCOME |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Service charges and fees | 1755 | 1734 | 1660 | 1514 | 1513 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income from fiduciary activities | 238 | 228 | 254 | 226 | 325 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized (losses) gains on sales of securities |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains on sales of loans, net | 76 | 83 | 130 | 65 | 47 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gains on sales of foreclosed real estate owned |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Earnings and proceeds on life insurance policies | 314 | 268 | 268 | 266 | 286 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | 332 | 198 | 193 | 177 | 180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total other income | 2715 | 2511 | 2505 | 2248 | 2351 |
|  OTHER EXPENSES |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Salaries and employee benefits | 8549 | 7155 | 6696 | 6605 | 6472 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Occupancy, furniture and equipment, net | 1725 | 1390 | 1361 | 2538 | 1378 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreclosed real estate | 36 |  | 1 | 137 | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FDIC insurance assessment | 507 | 423 | 368 | 355 | 406 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other | 10173 | 4651 | 4508 | 2896 | 3804 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total other expenses | 20990 | 13619 | 12934 | 12531 | 12064 |
|  INCOME BEFORE TAX EXPENSE | 4820 | 9368 | 10531 | 7832 | 7287 |
|  INCOME TAX EXPENSE | 1090 | 1926 | 2197 | 1627 | 1514 |
|  NET INCOME | $3730 | $7442 | $8334 | $6205 | $5773 |
|  Basic earnings per share | $0.35 | $0.81 | $0.89 | $0.67 | $0.63 |
|  Diluted earnings per share | $0.35 | $0.81 | $0.89 | $0.67 | $0.63 |
|  Book Value per share | $26.07 | $26.06 | $25.36 | $24.34 | $23.84 |
|  Tangible Book Value per share | 22.43 | 22.90 | 22.19 | 21.17 | 20.66 |
|  Return on average assets (annualized) | 0.53% | 1.21% | 1.40% | 1.06% | 1.01% |
|  Return on average equity (annualized) | 5.22% | 12.30% | 14.58% | 11.14% | 10.73% |
|  Return on average tangible equity (annualized) | 6.04% | 14.01% | 16.76% | 12.83% | 12.40% |
|  Net interest spread (fte) | 3.04% | 2.93% | 2.94% | 2.75% | 2.61% |
|  Net interest margin (fte) | 3.68% | 3.60% | 3.63% | 3.43% | 3.30% |
|  Allowance for credit losses to total loans | 1.09% | 1.07% | 1.10% | 1.17% | 1.15% |
|  Net charge-offs to average loans (annualized) | 0.09% | 0.13% | 0.13% | 0.08% | 0.07% |
|  Nonperforming loans to total loans | 0.46% | 0.34% | 0.36% | 0.45% | 0.45% |
|  Nonperforming assets to total assets | 0.38% | 0.29% | 0.31% | 0.34% | 0.33% |

---

------

**NORWOOD FINANCIAL CORP** 

Reconciliation of Non-GAAP Adjustments for Merger-Related Expenses and BOLI Restructuring Fee

**<u>Adjusted Return on Average Assets</u>**

(Dollars in thousands)

---

| | | | |
|:---|:---|:---|:---|
|  | **Three Months**<br>**Ended**<br>**March 31,**<br>**2025** | **Three Months**<br>**Ended**<br>**December 31,**<br>**2025** | **Three Months**<br>**Ended**<br>**March 31,**<br>**2026** |
|  Net income | $5773 | $7442 | 3730 |
|  Average assets | 2318725 | 2441572 | 2868074 |
|  **Return on average assets (annualized)** | **1.01%** | **1.21%** | **0.53%** |
|  Net income | 5773 | 7442 | 3730 |
|  Merger-related expenses | 0 | 520 | 4941 |
|  Boli restructuring fee | 0 | 0 | 225 |
|  Tax effect at 21% | 0 | (109) | (1085) |
|  Adjusted Net Income (Non-GAAP) | 5773 | 7853 | 7811 |
|  Average assets | 2318725 | 2441572 | 2868074 |
|  **Adjusted return on average assets (annualized) (Non-GAAP)** | **1.01%** | **1.28%** | **1.10%** |
| **<u>Adjusted Return on Average Tangible Shareholders' Equity</u>** |  |  |  |
| (Dollars in thousands) |  |  |  |
|  | **Three Months** | **Three Months** | **Three Months** |
|  | **Ended** | **Ended** | **Ended** |
|  | **March 31,** | **December 31,** | **March 31,** |
|  | **2025** | **2025** | **2026** |
|  Net income | $5773 | $7442 | 3730 |
|  Average shareholders' equity | 218194 | 240123 | 289799 |
|  Average intangible assets | (29424) | (29369) | (39334) |
|  Average tangible shareholders' equity | 188770 | 210754 | 250465 |
|  **Return on average tangible shareholders' equity (annualized)** | **12.40%** | **14.01%** | **6.04%** |
|  Net income | 5773 | 7442 | 3730 |
|  Merger-related expenses | 0 | 520 | 4941 |
|  Boli restructuring fee | 0 | 0 | 225 |
|  Tax effect at 21% | 0 | (109) | (1085) |
|  Adjusted Net Income (Non-GAAP) | 5773 | 7853 | 7811 |
|  Average tangible shareholders' equity | 188770 | 210754 | 250465 |
|  **Adjusted return on average shareholders' equity (annualized)**<br> **(Non-GAAP)** | **12.40%** | **14.78%** | **12.65%** |
| **<u>Adjusted Earnings Per Share</u>** |  |  |  |
| (Dollars in thousands) |  |  |  |
|  | **Three Months** | **Three Months** | **Three Months** |
|  | **Ended** | **Ended** | **Ended** |
|  | **March 31,** | **December 31,** | **March 31,** |
|  | **2025** | **2025** | **2026** |
|  **GAAP-Based Earnings Per Share, Basic** | $**0.63** | $**0.81** | $**0.35** |
|  **GAAP-Based Earnings Per Share, Diluted** | $**0.63** | $**0.81** | $**0.35** |
|  Net Income | 5773 | 7442 | 3730 |
|  Merger-related expenses | 0 | 520 | 4941 |
|  Boli restructuring fee | 0 | 0 | 225 |
|  Tax effect at 21% | 0 | (109) | (1085) |
|  Adjusted Net Income (Non-GAAP) | 5773 | 7853 | 7811 |
|  **Adjusted Earnings per Share, Basic (Non-GAAP)** | $**0.63** | $**0.85** | $**0.73** |
|  **Adjusted Earnings per Share, Diluted (Non-GAAP)** | $**0.63** | $**0.85** | $**0.72** |
| **<u>Tangible Book Value</u>** |  |  |  |
| (Dollars in thousands) |  |  |  |
|  | **December 31,** | **March 31,** |  |
|  | **2025** | **2026** |  |
|  Total shareholders' equity | 242157 | 283938 |  |
|  Adjustments: |  |  |  |
|  Goodwill | (29266) | (36375) |  |
|  Other intangible assets | (98) | (3319) |  |
|  Tangible common equity (Non-GAAP) | 212793 | 244244 |  |
|  Common shares outstanding | 9293858 | 10890166 |  |
|  **Book value per common share** | **26.06** | **26.07** |  |
|  **Tangible book value per common share (Non-GAAP)** | **22.90** | **22.43** |  |

---

------

**NORWOOD FINANCIAL CORP** 

Reconciliation of Non-GAAP Adjustments for Merger-Related Expenses and BOLI Restructuring Fee

**<u>Pre Provision Net Revenue</u>**

(Dollars in thousands)

---

| | | |
|:---|:---|:---|
|  | **Three Months Ended March 31,** | **Three Months Ended March 31,** |
|  | **2026** | **2025** |
|  Income before tax expense (GAAP) | $4820 | $7287 |
|  Provision for credit losses | 1459 | 857 |
|  **Pre provision net revenue (PPNR) (Non-GAAP)** | **6279** | **8144** |
|  Merger-related expenses | 4941 | 0 |
|  BOLI restructuring fee | 225 | 0 |
|  **PPNR adjusted for one time expenses (Non-GAAP)** | **11445** | **8144** |
|  | **Three Months Ended**<br>**December 31,**<br>**2025** |  |
|  Income before tax expense (GAAP) | $9368 |  |
|  Provision for credit losses | 468 |  |
|  **Pre provision net revenue (PPNR) (Non-GAAP)** | **9836** |  |
|  Merger-related expenses | 520 |  |
|  **PPNR adjusted for one time expenses (Non-GAAP)** | **10356** |  |

---

## Exhibit 99.2

![](g55867ex99_2p1g1.jpg)

Exhibit 99.2 2 65 86 246 198 47 237 155 33 NASDAQ GLOBAL: NWFL 66 145 185 147 97 81 209 218 221 241 Q1 2026 Earnings Presentation 231 217 245 156 170 40 171 117 229 87 96 149 A P R I L 2 7 , 2 0 2 6 92 148 Additional Colors

------

![](g55867ex99_2p2g1.jpg)

Forward -looking Statements and Additional Information 2 65 86 246 This presentation contains forward-looking statements within the meaning of the federal securities laws that are made by Norwood Financial Corp ("Norwood"). All statements other than statements of historical 198 fact are statements that could be deemed forward-looking statements, including all statements regarding the intent, belief or current expectations of Norwood and members of its board of directors and senior 47 management teams. Investors and security holders are cautioned that such statements are predictions, and are not guarantees of future performance. Actual events or results may differ materially. Expected financial results or other plans are subject to a number of known and unknown risks, uncertainties and assumptions that are difficult to assess and are subject to change based on factors which are, in many 237 instances, beyond Norwood's control. 155 Additional risks and uncertainties may include, but are not limited to, the risk that expected cost savings, revenue synergies and other financial benefits from the recently completed merger with PB Bankshares, 33 Inc. ("PB Bankshares") may not be realized or take longer than expected to realize; the merger may be more expensive to complete than anticipated, including as a result of unexpected factors or events; the integration of PB Bankshares' business and operations with those of Norwood may take longer than anticipated, may be more costly than anticipated and may have unanticipated adverse results relating to 66 Norwood's existing businesses; the anticipated cost savings and other synergies of the merger may take longer to be realized or may not be achieved in their entirety, and attrition in key client, partner and other 145 relationships relating to the merger may be greater than expected; the ability to achieve anticipated merger-related operational efficiencies; the ability to enhance revenue through increased market penetration, 185 expanded lending capacity and product offerings; changes in monetary and fiscal policies of the Federal Reserve Board and the U. S. Government, particularly related to changes in interest rates; changes in general economic conditions, especially the effects of current fluctuations in tariff policies, impacts of workforce deportations, the proliferation of legal actions challenging government policies, and substantial 147 reductions in force of government and non-government organization employees, all of which may put pressure on supply chains and exacerbate market volatility; occurrence of natural or man-made disasters or 97 calamities, including health emergencies, the spread of infectious diseases, pandemics or outbreaks of hostilities, or the effects of climate change, and the ability of Norwood and its customers to deal effectively 81 with disruptions caused by the foregoing; legislative or regulatory changes; downturn in demand for loan, deposit and other financial services in our market area; increased competition from other banks and non- bank providers of financial services; technological changes and increased technology-related costs; and changes in accounting principles, or the application of generally accepted accounting principles. 209 218 Due to these and other possible uncertainties and risks, Norwood can give no assurance that the results contemplated in the forward-looking statements will be realized, and readers are cautioned not to place 221 undue reliance on the forward-looking statements contained in this presentation. Forward-looking statements are based on information currently available to Norwood, and Norwood assumes no obligation and disclaim any intent to update any such forward-looking statements. All forward-looking statements, express or implied, included in the presentation are qualified in their entirety by this cautionary statement. 241 NON-GAAP FINANCIAL MEASURES 231 217 In addition to results presented in accordance with GAAP, this presentation includes certain non-GAAP financial measures. Norwood believes these non-GAAP financial measures provide additional information that is useful to investors in helping to understand underlying financial performance and condition and trends of Norwood. 245 Non-GAAP financial measures have inherent limitations. Readers should be aware of these limitations and should be cautious with respect to the use of such measures. To compensate for these limitations, non- 156 GAAP measures are used as comparative tools, together with GAAP measures, to assist in the evaluation of operating performance or financial condition. These measures are also calculated using the appropriate 170 GAAP or regulatory components in their entirety and are computed in a manner intended to facilitate consistent period-to-period comparisons. Norwood's method of calculating these non-GAAP measures may differ from methods used by other companies. These non-GAAP measures should not be considered in isolation or as a substitute or an alternative for those financial measures prepared in accordance with GAAP 40 or in-effect regulatory requirements. Numbers in this presentation may not sum due to rounding. 171 Where non-GAAP financial measures are used, the most directly comparable GAAP or regulatory financial measure, as well as the reconciliation to the most directly comparable GAAP or regulatory financial 117 measure, can be found in this presentation. 229 87 96 149 92 N O R W O O D F I N A N C I A L C O R P 148 N A S D A Q G L O B A L : N W F L Additional Colors

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Q1 2026 Summary 2 65 86 246 Selected Financial Highlights (all comps Y/Y) Key Messages 198 47 237 155 The team began 2026 with strong performance, 33 $24.6M 3.04% including record net interest income, extending the 1 1 Net Interest Income Net Interest Spread (fte) 66 momentum we are building towards a bright future 145 +43 bps +38% 185 Strong financial position and credit quality drove 147 97 performance by improving margins, increasing $11.4M 81 2 3.68% profitability, and growing assets Adjusted Pre Provision 1 Net Interest Margin (fte) 1 209 Net Revenue 218 +38 bps Presence Bank integration progressing as planned, +41% 221 expanding our geographic presence, increasing our 241 3 asset base, and strengthening our team to better 231 217 $0.72 $7.8M serve our communities 1 1 Adjusted Net Income Adjusted Diluted EPS 245 Well positioned to continue building momentum in +35% +14% 156 170 2026, through strategic priorities to create a stronger 4 organization with ingrained high-performance culture 40 171 1.10% 12.65% 117 Adjusted Return on Adjusted Return on 1 1 229 Average Assets Tangible Equity Our employees continue to live out our values, making 87 5 us and our communities Every Day Better +9 bps +25 bps 96 149 92 N O R W O O D F I N A N C I A L C O R P 1 See appendix for Non-GAAP reconciliation 3 148 N A S D A Q G L O B A L : N W F L Additional Colors

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Growing and Fortifying the Norwood Franchise 2 65 86 246 Growing Our Branch Footprint Fortifying Our Financial Position 198 47 Cooperstown 237 33 2 13 NWFL Honesdale, PA 155 $2.9B Oneonta Offices States Counties NASDAQ Headquarters 33 Total Assets 66 145 185 1871 310 4.2% Honesdale $2.2B Founded Employees Dividend 147 97 Milford Yield Scranton Total Gross Loans 81 209 NY Stroudsburg 218 Geneva Rejoined the Russell 2000 $2.4B 221 Index in 2023 Total Deposits 241 231 217 $284M 245 156 Total Equity 170 PA 40 Acquired 171 NJ Presence Bank 117 Branches $334M 229 $1B - $5B Market Cap 87 in Asset Size 96 149 Note: Financials as of March 31, 2026; Market cap and dividend yield data as of April 23, 2026 92 N O R W O O D F I N A N C I A L C O R P Source: S&P Capital IQ Pro 148 N A S D A Q G L O B A L : N W F L Additional Colors

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Presence Bank Merger Update 2 65 86 246 Overview of Financials Highlights 198 47 237 Expected at Q1 2026 Updated Successful acquisition of Presence Bank, with transaction 155 Metric Announcement Expectations 33 closing January 5, 2026 66 145 Core systems conversion completed April 2026 185 Tangible Book 147 Value (TBV) 4.2% 2.244% TBV per share was $22.38 at close vs. $22.90 on 12/31, 97 Dilution 81 resulting in dilution 2.24%, better than estimated 4.2%; subsequent declines through Q1 due to negative AOCI marks 209 218 on the investment portfolio and common dividends declared 221 241 Transaction expenses of $6.1M 14% lower than original Transaction 231 $7.1M $6.1M 217 Expenses estimate of $7.1M 245 CDI of $3.3M is 33% lower to original estimate of $4.9M 156 170 Net Goodwill created from the transaction was $7.1M 40 171 Core Deposit 117 $4.9M $3.3M Q1 pre-tax impact of purchase accounting accretion was $435K Intangible (CDI) 229 87 96 149 92 N O R W O O D F I N A N C I A L C O R P 5 148 N A S D A Q G L O B A L : N W F L Additional Colors

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Disciplined, Opportunistic Growth Strategy 2 65 86 246 A History of Organic Growth and Successful Acquisitions 198 Acquired Branches 47 237 155 33 NY ~12% 66 145 CAGR 185 $0.5 147 97 81 PA 209 218 221 $0.5 241 $2.9 231 217 $2.4 $2.3 $2.2 $2.1 $2.0 245 $0.4 156 170 $1.4 $1.2 $1.2 $0.2 $1.1 40 $0.8 $0.7 $0.7 $0.7 $0.7 171 $0.5 $0.5 117 229 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Q1 2026 87 96 NWFL Assets ($B) Acquired Assets ($B) 149 92 N O R W O O D F I N A N C I A L C O R P 148 N A S D A Q G L O B A L : N W F L Additional Colors

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Making Progress on Our 2026 Strategic Priorities 2 65 86 246 Focused on Actions that will Create Value and Build Momentum 198 47 • Completed core system conversion to integrate IT and HR systems, creating a seamless, 237 unified organization Successfully complete 155 33 • Standardize on operations and customer engagement Presence Bank integration 66 • Implement sharing of best practices 145 185 • Implemented PB commercial system to drive efficiency, manage risk, and empower Increase operating efficiency 147 employees to do more 97 and elevate the customer 81 • Utilize AI embedded in PB processes across the organization as part of integration experience through AI 209 • Assess AI implementation and pursue highest value opportunities 218 221 • Invest in our people to empower them to serve our communities 241 Strengthen our talent • Cascade strategic priorities throughout organization 231 217 pool and deepen our • Strengthened executive leadership team by adding Janak Amin, Chief Operating Oﬃcer; leadership bench Larry Witt, Chief Information Oﬃcer; and Doug Byers, Market Executive and Head of 245 156 Treasury Management 170 40 • Delivered strong Q1 results on strong financial position and performance of our entire team 171 117 • Grow asset base through increasing deposits, investment decisions, and strategic M&A Increase shareholder value 229 • Enhance shareholder returns through a reliable and growing dividend 87 96 149 92 N O R W O O D F I N A N C I A L C O R P 148 N A S D A Q G L O B A L : N W F L Additional Colors

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Improving Financial Performance and Positioning for Continued Growth 2 65 86 246 198 1 47 Adjusted Earnings Per Share 237 Reduction in EPS from Q4 as higher net interest 155 33 income was offset by a $1M increase in the Provision for Loan Losses as well as higher expenses 66 145 185 $0.85 $0.72 $0.63 147 97 TBV per share was down on a linked quarter basis 81 due to acquisition of PB Bancshares, dividend 209 Q1 2025 Q4 2025 Q1 2026 payment, and decrease in our available-for-sale 218 221 portfolio value 241 231 Tangible Book Value Per Share 217 Repositioned portfolio and Presence Bank acquisition 245 further strengths our financial position and provides 156 170 us with a larger organization to scale as we serve our 40 communities $22.90 $22.43 171 $20.66 117 229 87 96 Q1 2025 Q4 2025 Q1 2026 149 92 N O R W O O D F I N A N C I A L C O R P 148 N A S D A Q G L O B A L : N W F L 1) See appendix for Non-GAAP reconciliation Additional Colors

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Loan Portfolio Overview 2 65 86 246 Small Business Lending, Granular Relationships and Limited Industry Concentration 198 47 Loan Portfolio By Category CRE Loans by Industry 237 155 1-4 Family Rental C&I 33 1-4 Family 11% 13% $105K Average Loan Size 14% Investor 66 Const & Land 145 Real Estate Agriculture 185 4% $323K Average Commercial Loan Size 33% 6% Consumer 147 1% 12% Adjustable, 41% Floating, and 47% Fixed Rate 97 Indirect Total Total 81 15% $2.3 B $1.1 B Office Exposure: 7 loans for ~$4.2M 209 218 Owner Multi 221 Home Eq CRE Ratio: 198% (as of Q1 2026) Occupied Family 4% CRE 241 42% 8% 231 49% 217 245 Historical Asset Yields 156 170 6.28% 6.22% 6.22% 6.18% 6.08% 6.13% 6.16% 5.98% 40 Yield on Loans 171 117 5.73% 5.69% 5.66% Yield on Interest 5.60% 5.54% 5.35% 5.31% 229 5.17% Earning Assets 87 96 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2026 Q1 149 92 N O R W O O D F I N A N C I A L C O R P 148 N A S D A Q G L O B A L : N W F L Additional Colors

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Strong Historical Credit Quality 2 65 86 246 Credit Quality Ratios 198 47 237 155 2022 2023 2024 2025 Q1 2026 33 66 145 Non-performing 185 0.08% 0.48% 0.46% 0.34% 0.46% Loans / Loans 147 97 81 209 Net Charge Offs / 218 0.02% 0.39% 0.10% 0.03% 0.09% 221 Loans 241 231 217 ACL / Loans 1.15% 1.18% 1.16% 1.07% 1.09% 245 156 170 40 171 117 Reserves / NPAs 1,165% 246% 252% 280% 220% 229 87 96 149 92 N O R W O O D F I N A N C I A L C O R P 148 N A S D A Q G L O B A L : N W F L Additional Colors

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Deposit Portfolio Overview 2 65 86 246 Attractive Retail Franchise Bolstered by Commercial and Municipal Relationships 198 47 Historical Funding Costs Deposit Portfolio By Category 237 155 2.50% 2.49% 33 2.46% 2.39% NIB Demand 2.30% 66 19% 2.21% 2.21% 2.21% 145 185 2.34% 2.32% 2.30% Time 2.26% 2.17% 147 Deposts 2.14% 2.12% 2.11% 97 42% Total 81 $2.5B IB Demand 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2026 Q1 209 218 20% 221 Cost of Deposits Cost of Funds 241 231 Deposit Composition Over Time 217 Savings MMDA 9% 10% 245 20% 19% 22% 21% 25% 156 170 14% 20% 17% 19% 14% 12% 10% 9% 10% 16% 40 $30K Average Account Size 10% 13% 11% 9% 171 16% 117 42% 42% $490M in Municipal Deposits 41% 40% 29% 229 87 96 2022 2023 2024 2025 Q1 2026 Time Deposits Savings MMDA IB Demand NIB Demand 149 92 N O R W O O D F I N A N C I A L C O R P 148 N A S D A Q G L O B A L : N W F L Additional Colors

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Interest Rate Sensitivity 2 65 86 246 Net Interest Income Sensitivity 198 47 1.5% 1.3% 1.2% 237 155 33 0.1% 66 145 185 -0.4% 147 -1.1% -1.1% 97 81 -1.9% -2.0% -2.1% 209 218 221 241 231 -4.4% 217 245 156 170 40 -6.9% 171 117 -300 -200 -100 Base +100 +200 +300 229 87 Q4 2025 Q1 2026 96 149 92 N O R W O O D F I N A N C I A L C O R P Sensitivity to Net Interest Income over a 1-year time horizon, given a change in interest rates 148 N A S D A Q G L O B A L : N W F L Additional Colors

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Strength. Security. Stability. 2 65 86 Key Tenets for Success 246 198 47 Customers Employees Community Shareholders 237 155 33 Unified brand: Consolidated Wayne Bank, the Bank of Cooperstown, Bank of the Finger Lakes, 66 and Presence Bank (in April 2026) under single Wayne Bank brand 145 150+ Years in Business 185 Committed to the same community banking mission and core values instated upon our founding in 1871 147 97 81 Focused on achieving above-peer performance targets bolstered by our competitive strength in markets of operation 209 218 Rewarding Shareholders Repositioned the balance sheet to improve performance in 2025 and beyond 221 Record of 32 consecutive years of increasing cash dividends 241 231 217 Consistent record of organic growth bolstered by four successful acquisitions between 2011 and 2026, including Presence Bank 245 Growth & Expansion 156 Focused on expanding fee income lines such as wealth / trust, mortgage and treasury 170 management services 40 171 Mission Statement: "To help our customers and communities build strong financial futures, so that every 117 day, every year, every generation is better than the last." 229 A Community Pillar The Bank and its employees are key contributors to several local charities 87 96 Focused on small business and local relationships 149 92 N O R W O O D F I N A N C I A L C O R P 148 N A S D A Q G L O B A L : N W F L Additional Colors

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Investment Proposition 2 65 86 246 198 47 237 155 33 Strong local ties providing consistent 66 Disciplined underwriting culture 145 and sound growth opportunities 185 147 97 81 Experienced Executive Team, aligned Granular loan and deposit portfolio 209 with Board of Directors, focused on 218 tied to our community 221 delivering shareholder return 241 231 217 Well-positioned to take Attractive financial profile enhanced advantage of market dislocation 245 by recent repositioning 156 and M&A opportunities 170 40 171 117 229 Strength. Security. Stability. 87 96 149 92 N O R W O O D F I N A N C I A L C O R P 148 N A S D A Q G L O B A L : N W F L Additional Colors

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2 65 86 246 198 47 237 155 33 66 145 185 147 97 81 209 APPENDIX 218 221 241 231 217 245 156 170 40 171 117 229 87 96 149 92 148 Additional Colors

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Non -GAAP Financial Measures 2 Adjustments for Merger -Related Expenses and BOLI Restructuring Fee 65 86 246 198 47 237 Adjusted Return on Average Assets Three Months Three Months 155 33 (Dollars in thousands) Ended Ended December 31, March 31, 66 145 2025 2026 185 Net income $7,442 $3,730 147 97 Average assets 2,441,572 2,868,074 81 Return on average assets (annualized) 1.21 % 0.53 % 209 Net income 7,442 3,730 218 221 Merger-related expenses 520 4,941 BOLI restructuring fee 0 225 241 231 Tax effect at 21% (109) (1,085) 217 Adjusted Net Income (Non-GAAP) 7,853 7,811 245 Average assets 2,441,572 2,868,074 156 Adjusted return on average assets (annualized) 170 (Non-GAAP) 1.28 % 1.10 % 40 171 117 229 87 96 149 92 N O R W O O D F I N A N C I A L C O R P 148 N A S D A Q G L O B A L : N W F L Additional Colors

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Non -GAAP Financial Measures 2 Adjustments for Merger -Related Expenses and BOLI Restructuring Fee 65 86 246 198 47 Adjusted Return on Average Tangible Shareholders' Equity Three Months Three Months 237 (Dollars in thousands) Ended Ended 155 33 December 31, March 31, 2025 2026 66 145 Net income $7,442 $3,730 185 Average shareholders' equity 240,123 289,799 147 97 Average intangible assets (29,369) (39,334) 81 Average tangible shareholders' equity 210,754 250,465 209 Return on average tangible shareholders' equity (annualized) 14.01 % 6.04 % 218 221 Net income 7,442 3,730 Merger-related expenses 520 4,941 241 231 BOLI restructuring fee 0 225 217 Tax effect at 21% (109) (1,085) 245 Adjusted Net Income (Non-GAAP) 7,853 7,811 156 Average tangible shareholders' equity 210,754 250,465 170 Adjusted return on average shareholders' equity (annualized) 40 171 (Non-GAAP) 14.78 % 12.65 % 117 229 87 96 149 92 N O R W O O D F I N A N C I A L C O R P 148 N A S D A Q G L O B A L : N W F L Additional Colors

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Non -GAAP Financial Measures 2 Adjustments for Merger -Related Expenses and BOLI Restructuring Fee 65 86 246 198 47 237 155 Adjusted Earnings Per Share Three Months Three Months 33 (Dollars in thousands) Ended Ended 66 145 December 31, March 31, 185 2025 2026 147 GAAP-Based Earnings Per Share, Basic $0.81 $0.35 97 81 GAAP-Based Earnings Per Share, Diluted $0.81 $0.35 209 Net Income 7,442 3,730 218 221 Merger-related expenses 520 4,941 BOLI restructuring fee 0 225 241 231 Tax effect at 21% (109) (1,085) 217 Adjusted Net Income (Non-GAAP) 7,853 7,811 245 Adjusted Earnings per Share, Basic (Non-GAAP) $0.85 $0.73 156 170 Adjusted Earnings per Share, Diluted (Non-GAAP) $0.85 $0.72 40 171 117 229 87 96 149 92 N O R W O O D F I N A N C I A L C O R P 148 N A S D A Q G L O B A L : N W F L Additional Colors

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Non -GAAP Financial Measures 2 Adjustments for Merger -Related Expenses and BOLI Restructuring Fee 65 86 246 198 47 237 155 33 66 Tangible Book Value December 31, March 31, 145 185 (Dollars in thousands) 2025 2026 147 Total shareholders' equity 242,157 283,938 97 Adjustments: 81 Goodwill (29,266) (36,375) 209 218 Other intangible assets (98) (3,319) 221 Tangible common equity (Non-GAAP) 212,793 244,244 241 Common shares outstanding 9,293,858 10,890,166 231 217 Book value per common share 26.06 26.07 Tangible book value per common share (Non-GAAP) 22.90 22.43 245 156 170 40 171 117 229 87 96 149 92 N O R W O O D F I N A N C I A L C O R P 148 N A S D A Q G L O B A L : N W F L Additional Colors

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Non -GAAP Financial Measures 2 Adjustments for Merger -Related Expenses and BOLI Restructuring Fee 65 86 246 198 Pre Provision Net Revenue 47 (Dollars in thousands) 237 155 Three Months Ended March 31, 33 2026 2025 66 Income before tax expense (GAAP) $4,820 $7,287 145 Provision for credit losses 1,459 857 185 Pre provision net revenue (PPNR) (Non-GAAP) 6,279 8,144 147 Merger-related expenses 4,941 0 97 81 BOLI restructuring fee 225 0 PPNR adjusted for one time expenses (Non-GAAP) 11,445 8,144 209 218 221 241 231 Three Months Ended 217 December 31, 2025 245 Income before tax expense (GAAP) $9,368 156 170 Provision for credit losses 468 Pre provision net revenue (PPNR) (Non-GAAP) 9,836 40 171 Merger-related expenses 520 117 PPNR adjusted for one time expenses (Non-GAAP) 10,356 229 87 96 149 92 N O R W O O D F I N A N C I A L C O R P 148 N A S D A Q G L O B A L : N W F L Additional Colors

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2 65 86 246 198 47 237 155 33 66 145 185 147 97 81 209 218 Thank You 221 241 231 217 245 156 170 40 171 117 229 87 96 149 92 148 Additional Colors