Exhibit 991

FOR IMMEDIATE RELEASE

Norwood Financial Corp announces Third Quarter Financial Results

Quarterly Highlights:

Record net income of $11.8 million.

Record net interest income of $28.0 million.

Net interest margin 4.01%.

Diluted earnings per share of $1.08.

Total assets of $2.95 billion.

Disciplined execution across the enterprise plus contribution from Presence Bank acquisition contributed to the strong performance.

Honesdale, Pennsylvania – October 27, 2026 - Norwood Financial Corp (the “Company”) (Nasdaq Global Market-NWFL), the holding company of Wayne Bank, announced results for the three- and nine-month periods ended September 30, 2026.

Jim Donnelly, President and Chief Executive Officer, stated, “The entire Wayne Bank team continued to perform well in the third quarter, delivering record net income and net interest income for the second consecutive quarter. In addition to strong income growth, we navigated the bankruptcy related to a borrower relationship, resolving the issue with favorable outcome. Net interest margin expanded on disciplined balance sheet management and one-time benefit of the bankruptcy resolution. Our financial position is strong and believe we are poised to extend our performance for long-term shareholder value creation.”



	Year-Over Year			Linked Quarter		Year-to-Date
(dollars in thousands, except per share data)	3 Months Ended			3 Months Ended		9 Months Ended
	Sep-26	Sep-25	Change	Jun-26	Change	Sep-26	Sep-25	Change
Net interest income	$ 28,009	$ 20,458	$ 7,551	$ 26,839	$ 1,170	$ 79,402	$ 57,380	$ 22,022
Net interest spread (fte) 1	3.36%	2.94%	42 bps	3.27%	9 bps	3.23%	2.77%	46 bps
Net interest margin (fte) 1	4.01%	3.63%	38 bps	3.90%	11 bps	3.87%	3.46%	140 bps
Pre Provision Net Revenue (PPNR) 1	$ 15,377	$ 10,029	$ 5,348	$ 13,573	$ 1,804	$ 28,223	$ 24,346	$ 3,877
Net income	$ 11,763	$ 8,334	$ 3,429	$ 9,328	$ 2,435	$ 24,821	$ 20,313	$ 4,508
Diluted earnings per share	$ 1.08	$ 0.89	$ 0.19	$ 0.86	$ 0.22	$ 2.29	$ 2.22	$ 0.07
Return on average assets	1.60%	1.40%	20 bps	1.28%	32 bps	1.15%	1.16%	(1 bp)
Return on tangible equity	18.51%	16.76%	175 bps	15.04%	347 bps	13.25%	14.04%	(79 bps)

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



	Year-Over Year			Linked Quarter		Year-to-Date
(dollars in thousands, except per share data)	3 Months Ended			3 Months Ended		9 Months Ended
	Sep-26	Sep-25	Change	Jun-26	Change	Sep-26	Sep-25	Change
Pre Provision Net Revenue (PPNR) 1	$ 15,377	$ 10,029	$ 5,348	$ 13,573	$ 1,804	$ 35,229	$ 24,346	$ 10,883
Net income	$ 11,763	$ 8,334	$ 3,429	$ 9,328	$ 2,435	$ 24,821	$ 20,313	$ 4,508
Diluted earnings per share	$ 1.08	$ 0.89	$ 0.19	$ 0.86	$ 0.22	$ 2.29	$ 2.22	$ 0.07
Return on average assets	1.60%	1.47%	13 bps	1.08%	52 bps	1.39%	1.20%	19 bps
Returnon average Tangible equity	18.51%	17.66%	85 bps	13.08%	543 bps	16.04%	14.54%	150 bps

Discussion of financial results for the three months ended September 30, 2026 (all comparisons are to third quarter 2025, unless otherwise noted):

Net income was $11.8 million, an increase of $3.4 million from $8.3 million. Diluted earnings per share were $1.08 compared to $0.89.

Net interest income was $28.0 million, an increase of $7.6 million from $20.5 million. On a linked-quarter basis, net interest income increased $1.2 million from $26.8 million.

Net interest margin (fully taxable equivalent) was 4.01% compared to 3.63%. On a linked-quarter basis, NIM increased 11 basis points from 3.90%.

Pre-provision net revenue (PPNR) was $15.4 million, compared to $10.0 million in the prior year quarter and $13.6 million in the linked quarter.

Total assets were $2.951 billion, compared to $2.412 billion, an increase of 18.3%.

Loans receivable were $2.294 billion compared to $1.815 billion, an increase of 20.9%.

Total deposits were $2.509 billion compared to $2.074 billion, an increase of 17.3%.

Tangible book value per share was $22.35 compared to $21.19 at September 30, 2025, and decreased $0.61 on a linked-quarter basis from $22.96.

Allowance for credit losses to total loans was 1.10%. Nonperforming loans to total loans were 0.73% and nonperforming assets to total assets were 0.59%.

Follow-up on Second Quarter Credit Event

During the second quarter of 2026, the Company recorded a $729 thousand charge-off related to a borrower relationship that filed for Chapter 11 bankruptcy protection.

During the third quarter, one of the loans that had been placed on non-accrual, due to the bankruptcy previously disclosed, was purchased by a new entity, as was the underlying business. All past due interest from the previous loan was paid. During the period that the business was in bankruptcy, Wayne Bank advanced debtor-in-possession (DIP) financing to keep the business operating. The DIP financing along with all interest and fees was settled as part of the loan purchase. Accordingly, interest income increased in the third quarter which, in turn, increased our margin during the quarter. Additionally, removing the previous loan from non-accrual status resulted in a lower provision expense for the quarter.

Following the purchase of this loan, there remain two loans related to the borrower with a total exposure of $7.1 million.

About Norwood Financial Corp

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.

Non-GAAP Measures

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

www.waynebank.com



NORWOOD FINANCIAL CORP
Consolidated Balance Sheets
(dollars in thousands, except share and per share data)
(unaudited)
	September 30
	2026		2025
ASSETS
Cash and due from banks	$	19,857	$	50,348
Interest-bearing deposits with banks		52,667		24,382
Cash and cash equivalents		72,524		74,730

Securities available for sale		429,492		403,989
Loans receivable		2,294,467		1,814,682
Less: Allowance for credit losses		25,146		19,911
Net loans receivable		2,269,321		1,794,771
Regulatory stock, at cost		8,460		6,163
Bank premises and equipment, net		25,140		22,292
Bank owned life insurance		62,738		45,821
Foreclosed real estate owned		771		—
Accrued interest receivable		10,609		8,686
Deferred tax assets, net		22,982		16,528
Goodwill		36,375		29,266
Other intangible assets		2,992		109
Other assets		10,153		9,596
TOTAL ASSETS	$	2,951,557	$	2,411,951

LIABILITIES
Deposits:
Non-interest bearing demand	$	487,753	$	424,027
Interest-bearing		2,021,227		1,649,941
Total deposits		2,508,980		2,073,968
Short-term borrowings		56,124		—
Other borrowings		62,728		72,071
Accrued interest payable		10,467		9,823
Other liabilities		29,897		21,184
TOTAL LIABILITIES		2,668,196		2,177,046

STOCKHOLDERS' EQUITY
Preferred Stock, no par value per share, authorized 5,000,000 shares		—		—
Common Stock, $.10 par value per share,
authorized: 20,000,000 shares,
issued: 2026: 11,184,631 shares, 2025: 9,491,558 shares		1,118		949
Surplus		174,650		127,190
Retained earnings		154,956		136,662
Treasury stock, at cost: 2026: 269,841 shares, 2025: 229,233 shares		(7,390)		(6,188)
Accumulated other comprehensive loss		(39,973)		(23,708)
TOTAL STOCKHOLDERS' EQUITY		283,361		234,905

TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY	$	2,951,557	$	2,411,951

****



NORWOOD FINANCIAL CORP
Consolidated Statements of Income
(dollars in thousands, except per share data)
(unaudited)
	Three Months Ended September 30,				Nine Months Ended September 30,
	2026		2025		2026		2025
INTEREST INCOME
Loans receivable, including fees	$	36,635	$	28,141	$	106,093	$	81,244
Securities		4,472		3,907		13,076		11,648
Other		354		144		1,132		590
Total Interest income		41,461		32,192		120,301		93,482

INTEREST EXPENSE
Deposits		12,775		10,730		38,462		32,347
Short-term borrowings		37		105		128		774
Other borrowings		640		899		2,309		2,981
Total Interest expense		13,452		11,734		40,899		36,102
NET INTEREST INCOME		28,009		20,458		79,402		57,380
PROVISION FOR (RELEASE OF) CREDIT LOSSES		100		(502)		3,503		1,305
NET INTEREST INCOME AFTER PROVISION FOR (RELEASE OF) CREDIT LOSSES		27,909		20,960		75,899		56,075


OTHER INCOME
Service charges and fees		2,004		1,660		5,425		4,687
Income from fiduciary activities		265		254		751		805
Gains on sales of loans, net		58		130		188		242
Earnings and proceeds on life insurance policies		334		268		974		820
Other		259		193		824		551
Total other income		2,920		2,505		8,162		7,105

OTHER EXPENSES
Salaries and employee benefits		8,274		6,696		25,497		19,773
Occupancy, furniture and equipment		1,521		1,361		4,815		4,088
Data processing and related operations		1,650		1,087		4,660		3,361
Taxes, other than income		145		192		521		577
Professional fees		530		400		1,952		1,532
FDIC Insurance assessment		639		368		1,574		1,129
Foreclosed real estate		58		1		125		143
Amortization of intangibles		162		12		493		42
Merger		—		568		4,994		718
Other		2,573		2,249		7,704		6,166
Total other expenses		15,552		12,934		52,335		37,529

INCOME BEFORE TAX EXPENSE		15,277		10,531		31,726		25,651
INCOME TAX EXPENSE		3,514		2,197		6,905		5,338
NET INCOME	$	11,763	$	8,334	$	24,821	$	20,313

Basic earnings per share	$	1.08	$	0.89	$	2	$	2.22

Diluted earnings per share	$	1.08	$	0.89	$	2	$	2.22



NORWOOD FINANCIAL CORP
NET INTEREST MARGIN ANALYSIS
(dollars in thousands)

	For the Quarter Ended
	September 30, 2026							June 30, 2026							September 30, 2025
	Average				Average			Average				Average			Average				Average
	Balance		Interest		Rate			Balance		Interest		Rate			Balance		Interest		Rate
	(2)		(1)		(3)			(2)		(1)		(3)			(2)		(1)		(3)
Assets
Interest-earning assets:
Fed funds sold	$	15		—		—	%	$	1,511		14		3.72	%	$	—		—		—	%
Interest-bearing deposits with banks		39,717	$	354		3.54			43,467	$	364		3.36			12,485	$	144		4.58
Securities available for sale:
Taxable		439,064		4,224		3.82			435,004		4,246		3.92			399,090		3,661		3.64
Tax-exempt (1)		43,956		322		2.91			44,269		315		2.85			44,074		312		2.81
Total securities available for sale (1)		483,020		4,546		3.73			479,273		4,561		3.82			443,164		3,973		3.56
Loans receivable (1) (4) (5)		2,267,664		36,760		6.43			2,253,991		35,700		6.35			1,802,046		28,267		6.22
Total interest-earning assets		2,790,416		41,660		5.92			2,778,242		40,639		5.87			2,257,695		32,384		5.69
Non-interest earning assets:
Cash and due from banks		19,466							30,147							31,050
Allowance for credit losses		(26,101)							(24,556)							(21,128)
Other assets		125,818							129,320							96,142
Total non-interest earning assets		119,183							134,911							106,064
Total Assets	$	2,909,599						$	2,913,153						$	2,363,759
Liabilities and Stockholders' Equity
Interest-bearing liabilities:
Interest-bearing demand and money market	$	741,251	$	3,519		1.88		$	727,580	$	3,460		1.91		$	579,145	$	2,900		1.99
Savings		230,456		268		0.46			231,852		200		0.35			200,559		113		0.22
Time		1,045,893		8,989		3.41			1,071,210		9,239		3.46			822,491		7,717		3.72
Total interest-bearing deposits		2,017,600		12,776		2.51			2,030,642		12,899		2.55			1,602,195		10,730		2.66
Short-term borrowings		3,540		36		4.03			3,233		32		3.97			8,740		105		4.77
Other borrowings		63,901		640		3.97			67,802		687		4.06			81,125		899		4.40
Total interest-bearing liabilities		2,085,041		13,452		2.56			2,101,677		13,618		2.60			1,692,060		11,734		2.75
Non-interest bearing liabilities:
Demand deposits		494,690							486,557							416,150
Other liabilities		38,244							36,585							28,816
Total non-interest bearing liabilities		532,934							523,142							444,966
Stockholders' equity		291,624							288,334							226,733
Total Liabilities and Stockholders' Equity	$	2,909,599						$	2,913,153						$	2,363,759
Net interest income/spread (tax equivalent basis)				28,208		3.36	%				27,021		3.27	%				20,650		2.94	%
Tax-equivalent basis adjustment				(199)							(182)							(192)
Net interest income			$	28,009						$	26,839						$	20,458
Net interest margin (tax equivalent basis)						4.01	%						3.90	%						3.63	%


(1) Interest and yields are presented on a tax-equivalent basis.
(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
NET INTEREST MARGIN ANALYSIS
(dollars in thousands)

	Year to Date
	September 30, 2026							June 30, 2026							September 30, 2025
	Average				Average			Average				Average			Average				Average
	Balance		Interest		Rate			Balance		Interest		Rate			Balance		Interest		Rate
	(2)		(1)		(3)			(2)		(1)		(3)			(2)		(1)		(3)
Assets
Interest-earning assets:
Fed funds sold	$	818		25		4.09	%	$	1,226		25		4.11	%	$	—		—		—	%
Interest-bearing deposits with banks		51,908	$	1,107		2.85			58,074	$	753		2.61			17,427	$	590		4.53
Securities available for sale:
Taxable		429,970		12,328		3.83			425,350		8,104		3.84			403,947		10,907		3.61
Tax-exempt (1)		44,285		955		2.88			44,451		633		2.87			44,157		938		2.84
Total securities available for sale (1)		474,255		13,283		3.74			469,801		8,737		3.75			448,104		11,845		3.53
Loans receivable (1) (4) (5)		2,239,147		106,460		6.36			2,224,699		69,700		6.32			1,776,629		81,636		6.14
Total interest-earning assets		2,766,128		120,875		5.84			2,753,800		79,215		5.80			2,242,160		94,071		5.61
Non-interest earning assets:
Cash and due from banks		26,719							30,409							30,035
Allowance for credit losses		(24,691)							(23,976)							(20,675)
Other assets		128,943							130,526							94,389
Total non-interest earning assets		130,971							136,959							103,749
Total Assets	$	2,897,099						$	2,890,759						$	2,345,909
Liabilities and Stockholders' Equity
Interest-bearing liabilities:
Interest-bearing demand and money market	$	730,956	$	10,441		1.91		$	725,787	$	6,922		1.92		$	566,762	$	8,588		2.03
Savings		227,101		605		0.36			225,380		337		0.30			205,552		374		0.24
Time		1,052,670		27,416		3.48			1,056,053		18,427		3.52			812,778		23,385		3.85
Total interest-bearing deposits		2,010,727		38,462		2.56			2,007,220		25,686		2.58			1,585,092		32,347		2.73
Short-term borrowings		4,337		128		3.95			4,782		92		3.88			23,468		774		4.41
Other borrowings		75,503		2,309		4.09			81,395		1,669		4.13			90,110		2,981		4.42
Total interest-bearing liabilities		2,090,567		40,899		2.62			2,093,397		27,447		2.64			1,698,670		36,102		2.84
Non-interest bearing liabilities:
Demand deposits		479,931							472,412							395,470
Other liabilities		36,680							35,886							28,978
Total non-interest bearing liabilities		516,611							508,298							424,448
Stockholders' equity		289,921							289,064							222,791
Total Liabilities and Stockholders' Equity	$	2,897,099						$	2,890,759						$	2,345,909
Net interest income/spread (tax equivalent basis)				79,976		3.23	%				51,768		3.16	%				57,969		2.77	%
Tax-equivalent basis adjustment				(574)							(375)							(589)
Net interest income			$	79,402						$	51,393						$	57,380
Net interest margin (tax equivalent basis)						3.87	%						3.79	%						3.46	%


(1) Interest and yields are presented on a tax-equivalent basis.
(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 September 30	2026		2025

Net interest income	$	28,009	$	20,458
Net income		11,763		8,334

Net interest spread (fully taxable equivalent)		3.36%		2.94%
Net interest margin (fully taxable equivalent)		4.01%		3.63%
Return on average assets		1.60%		1.40%
Return on average equity		16.00%		14.58%
Return on average tangible equity		18.51%		16.76%
Basic earnings per share	$	1.08	$	0.89
Diluted earnings per share	$	1.08	$	0.89
Efficiency ratio		50.28%		56.33%
Operating expense/Average assets		2.14%		2.19%

For the Nine Months Ended September 30	2026		2025

Net interest income		79,402		57,380
Net income		24,821		20,313

Net interest spread (fully taxable equivalent)		3.23%		2.77%
Net interest margin (fully taxable equivalent)		3.87%		3.46%
Return on average assets		1.15%		1.16%
Return on average equity		11.45%		12.19%
Return on average tangible equity		13.25%		14.04%
Basic earnings per share		2.29		2.22
Diluted earnings per share		2.29		2.22
Efficiency ratio		59.77%		58.20%
Operating expense/Average assets		2.41%		2.13%


As of September 30	2026		2025

Total assets	$	2,951,557	$	2,411,951
Total loans receivable		2,294,467		1,814,682
Allowance for credit losses		25,146		19,911
Total deposits		2,508,980		2,073,968
Stockholders' equity		283,361		234,905
Trust assets under management		231,302		211,563

Book value per share	$	25.96	$	25.36
Tangible book value per share	$	22.35	$	22.19
Equity to total assets		9.60%		9.74%
Allowance to total loans receivable		1.10%		1.10%
Nonperforming loans to total loans		0.73%		0.36%
Nonperforming assets to total assets		0.59%		0.31%



NORWOOD FINANCIAL CORP
Consolidated Balance Sheets (unaudited)
(dollars in thousands)
	September 30		June 30		March 31		December 31		September 30
	2026		2026		2026		2025		2025
ASSETS
Cash and due from banks	$	19,857	$	30,902	$	25,480	$	32,118	$	50,348
Interest-bearing deposits with banks		52,667		29,387		75,258		12,318		24,382
Fed funds sold		—		—		1,835		—		—
Cash and cash equivalents		72,524		60,289		102,573		44,436		74,730

Securities available for sale		429,492		438,967		431,204		408,782		403,989
Loans receivable		2,294,467		2,262,813		2,238,657		1,853,422		1,814,682
Less: Allowance for credit losses		25,146		25,632		24,350		19,882		19,911
Net loans receivable		2,269,321		2,237,181		2,214,307		1,833,540		1,794,771
Regulatory stock, at cost		8,460		6,399		7,161		6,623		6,163
Bank owned life insurance		62,738		55,404		55,078		46,089		45,821
Bank premises and equipment, net		25,140		25,262		25,299		22,971		22,292
Foreclosed real estate owned		771		771		771		771		—
Goodwill and other intangibles		39,367		39,528		39,693		29,364		29,375
Other assets		43,744		44,113		41,168		32,266		34,810
TOTAL ASSETS	$	2,951,557	$	2,907,914	$	2,917,254	$	2,424,842	$	2,411,951

LIABILITIES
Deposits:
Non-interest bearing demand	$	487,753	$	500,383	$	470,706	$	419,597	$	424,027
Interest-bearing deposits		2,021,227		2,013,914		2,035,992		1,659,048		1,649,941
Total deposits		2,508,980		2,514,297		2,506,698		2,078,645		2,073,968
Borrowings		118,852		65,513		88,268		74,133		72,071
Other liabilities		40,364		38,464		38,350		29,907		31,007
TOTAL LIABILITIES		2,668,196		2,618,274		2,633,316		2,182,685		2,177,046

STOCKHOLDERS' EQUITY		283,361		289,640		283,938		242,157		234,905

TOTAL LIABILITIES AND
STOCKHOLDERS' EQUITY	$	2,951,557	$	2,907,914	$	2,917,254	$	2,424,842	$	2,411,951



NORWOOD FINANCIAL CORP
Consolidated Statements of Income (unaudited)
(dollars in thousands, except per share data)
	September 30		June 30		March 31		December 31		September 30
Three months ended	2026		2026		2026		2025		2025
INTEREST INCOME
Loans receivable, including fees	$	36,635	$	35,585	$	33,873	$	28,666	$	28,141
Securities		4,472		4,495		4,110		3,906		3,907
Other		354		377		400		474		144
Total interest income		41,461		40,457		38,383		33,046		32,192

INTEREST EXPENSE
Deposits		12,775		12,899		12,787		11,334		10,730
Borrowings		677		719		1,042		768		1,004
Total interest expense		13,452		13,618		13,829		12,102		11,734
NET INTEREST INCOME		28,009		26,839		24,554		20,944		20,458
PROVISION FOR (RELEASE OF) CREDIT LOSSES		100		1,944		1,459		468		(502)
NET INTEREST INCOME AFTER (RELEASE OF) PROVISION
FOR CREDIT LOSSES		27,909		24,895		23,095		20,476		20,960

OTHER INCOME
Service charges and fees		2,004		1,666		1,755		1,734		1,660
Income from fiduciary activities		265		248		238		228		254
Net realized (losses) gains on sales of securities		—		—		—		—		—
Gains on sales of loans, net		58		54		76		83		130
Gains on sales of foreclosed real estate owned		—		—		—		—		—
Earnings and proceeds on life insurance policies		334		326		314		268		268
Other		259		232		332		198		193
Total other income		2,920		2,526		2,715		2,511		2,505

OTHER EXPENSES
Salaries and employee benefits		8,274		8,674		8,549		7,155		6,696
Occupancy, furniture and equipment, net		1,521		1,569		1,725		1,390		1,361
Foreclosed real estate		58		31		36		—		1
FDIC insurance assessment		639		428		507		423		368
Other		5,060		5,090		10,173		4,651		4,508
Total other expenses		15,552		15,792		20,990		13,619		12,934

INCOME BEFORE TAX (BENEFIT) EXPENSE		15,277		11,629		4,820		9,368		10,531
INCOME TAX (BENEFIT) EXPENSE		3,514		2,301		1,090		1,926		2,197
NET (LOSS) INCOME	$	11,763	$	9,328	$	3,730	$	7,442	$	8,334

Basic (loss) earnings per share	$	1.08	$	1	$	0.35	$	0.81	$	0.89

Diluted (loss) earnings per share	$	1.08	$	1	$	0.35	$	0.81	$	0.89

Book Value per share	$	25.96	$	27	$	26.07	$	26.06	$	25.36
Tangible Book Value per share		22.35		23		22.43		22.90		22.19

Return on average assets (annualized)		1.60%		0		0.53%		1.21%		1.40%
Return on average equity (annualized)		16.00%		0		5.22%		12.30%		14.58%
Return on average tangible equity (annualized)		18.51%		0		6.04%		14.01%		16.76%

Net interest spread (fte)		3.36%		0		3.04%		2.93%		2.94%
Net interest margin (fte)		4.01%		0		3.68%		3.60%		3.63%

Allowance for credit losses to total loans		1.10%		0		1.09%		1.07%		1.10%
Net charge-offs to average loans (annualized)		0.13%		0		0.09%		0.13%		0.13%
Nonperforming loans to total loans		0.73%		0		0.46%		0.34%		0.36%
Nonperforming assets to total assets		0.59%		0		0.38%		0.29%		0.31%
Nonperforming loans to total assets		0.57%		0		0.35%		0.26%		0.27%
Loan Loss Reserve/NPAs		143.33%		1		219.93%		279.62%		270.50%



NORWOOD FINANCIAL CORP
NON-GAAP ADJUSTMENTS
(dollars in thousands)
Adjusted Return on Average Assets
(Dollars in thousands)
	Nine Months			Three Months			Three Months			Nine Months			Three Months
	Ended			Ended			Ended			Ended			Ended
	September 30,			September 30,			June 30,			September 30,			September 30,
	2026			2026			2026			2025			2025
Net income	$	24,821		$	11,763		$	9,328		$	20,313		$	8,334
Average assets		2,897,099			2,909,599			2,913,153			2,345,909			2,363,759
Return on average assets (annualized)		1.15	%		1.60	%		1.28	%		1.16	%		1.40	%
Net income		24,821			11,763			9,328			20,313			8,334
Merger-related expenses		4,994			—			53			718			568
Boli restructuring fee		225			—			—			—			—
Tax effect		—			—			—			—			—
Adjusted net income (Non-GAAP)		30,040			11,763			9,381			21,031			8,902
Average assets		2,897,099			2,909,599			2,913,153			2,345,909			2,363,759
Adjusted return on average assets (annualized)
(Non-GAAP)		1.39	%		1.60	%		1.29	%		1.20	%		1.49	%



Adjusted Return on Average Tangible Shareholders' Equity
(Dollars in thousands)
	Nine Months			Three Months			Three Months			Nine Months			Three Months
	Ended			Ended			Ended			Ended			Ended
	September 30,			September 30,			June 30,			September 30,			September 30,
	2026			2026			2026			2025			2025
Net income	$	24,821		$	11,763		$	9,328		$	20,313		$	8,334
Average shareholders' equity		289,921			291,624			288,334			222,791			226,733
Average intangible assets		39,466			39,455			39,609			29,394			29,380
Average tangible shareholders' equity		250,455			252,169			248,725			193,397			197,353
Return on average tangible shareholders' equity (annualized)		13.25	%		18.51	%		15.04	%		14.04	%		16.76	%
Net income		24,821			11,763			9,328			20,313			8,334
Merger-related expenses		4,994			—			53			718			568
Boli restructuring fee		225			—			—			—			—
Tax effect		—			—			—			—			—
Adjusted net income (Non-GAAP)		30,040			11,763			9,381			21,031			8,902
Average tangible shareholders' equity		250,455			252,169			248,725			193,397			197,353
Adjusted return on average shareholders' equity (annualized)
(Non-GAAP)		16.04	%		18.51	%		15.13	%		14.54	%		17.90	%



Adjusted Earnings Per Share
(Dollars in thousands)
	Nine Months		Three Months		Three Months		Nine Months		Three Months
	Ended		Ended		Ended		Ended		Ended
	September 30,		September 30,		June 30,		September 30,		September 30,
	2026		2026		2026		2025		2025
GAAP-Based Earnings Per Share, Basic	$	2.29	$	1.08	$	0.86	$	2.22	$	0.89
GAAP-Based Earnings Per Share, Diluted	$	2.29	$	1.08	$	0.86	$	2.22	$	0.89
Net income		24,821		11,763		9,328		20,313		8,334
Merger-related expenses		4,994		—		53		718		568
Boli restructuring fee		225		—		—		—		—
Tax effect		—		—		—		—		—
Adjusted net income (Non-GAAP)		30,040		11,763		9,381		21,031		8,902
Adjusted Earnings per Share, Basic (Non-GAAP)	$	2.67	$	1.08	$	0.86	$	2.28	$	0.94
Adjusted Earnings per Share, Diluted (Non-GAAP)	$	2.67	$	1.08	$	0.86	$	2.28	$	0.94



Pre Provision Net Revenue
(Dollars in thousands)

	Nine Months		Three Months		Three Months		Nine Months		Three Months
	Ended		Ended		Ended		Ended		Ended
	September 30,		September 30,		June 30,		September 30,		September 30,
	2026		2026		2026		2025		2025
Income before tax expense (GAAP)	$	31,726	$	15,277	$	11,629	$	25,651	$	10,531
Provision for credit losses		3,503		100		1,944		1,305		(502)
Pre provision net revenue (PPNR) (Non-GAAP)		35,229		15,377		13,573		26,956		10,029
Merger-related expenses		4,994		—		53		718		568
BOLI restructuring fee		225		—		—		—		—
PPNR adjusted for one time expenses (Non-GAAP)		40,448		15,377		13,626		27,674		10,597



Net Interest Income FTE
(Dollars in thousands)
	Nine Months		Three Months		Three Months		Nine Months		Three Months
	Ended		Ended		Ended		Ended		Ended
	September 30,		September 30,		June 30,		September 30,		September 30,
	2026		2026		2026		2025		2025
Net interest income	$	79,402	$	28,009	$	26,839	$	57,380	$	20,458
Tax effect at 21%		574		199		182		589		192
Net interest income on a fully taxable equivalent basis	$	79,976	$	28,208	$	27,021	$	57,969	$	20,650



Average Tangible Shareholders' Equity
(Dollars in thousands)
	Nine Months		Three Months		Three Months		Nine Months		Three Months
	Ended		Ended		Ended		Ended		Ended
	September 30,		September 30,		June 30,		September 30,		September 30,
	2026		2026		2026		2025		2025
Average shareholders' equity	$	289,921	$	291,624	$	288,334	$	222,791	$	226,733
Average intangible assets		(39,466)		(39,455)		(39,609)		(29,394)		(29,380)