Norwood Financial Corp. Financial Ratios — NWFL Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	9.45	9.31	9.19	8.02	5.91	6.33	7.23	11.47	10.95	9.08	12.46	15.7	9.63	-0.08	12.18
Return on Assets (%)	1.22	1.25	1.22	1.08	0.81	0.72	0.73	1.18	1.18	0.98	1.27	1.42	0.79	-0.01	1.17
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	2.34	2.41	2.41	2.34	2.25	2.51	2.56	2.33	2.44	2.46	2.18	2.01	2.08	2.7	1.67
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	36.36	38.17	36.9	34.59	25.8	25.45	35.27	36.91	37.07	31.53	41.89	46.45	30.13	-0.51	39.82
Profit Margin (%)	26.92	28.04	27.96	25.81	20.22	19.87	19.6	31.09	31.32	25.89	33.82	37.32	23.88	-0.31	31.56
Net Income to Common Margin (%)	26.92	28.04	27.96	25.81	20.22	19.87	19.6	31.09	31.32	25.89	33.82	37.32	23.88	-0.31	31.56
Effective Tax Rate (%)	25.96	26.54	24.22	25.39	21.64	21.92	44.42	15.76	15.5	17.89	19.26	19.66	20.75	- -	20.74
Dvd Payout Ratio (%)	47.77	46.79	49.08	57.07	76.62	70.24	65.7	40.36	42.5	48.16	34.27	31.33	56.19	-6,074.38	41.39
Sustainable Growth Rate (%)	4.93	4.95	4.68	3.44	1.38	1.88	2.48	6.84	6.29	4.71	8.19	10.78	4.22	-5.01	7.14

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	49	22	37	22	61	32	54	68	88	42	30	122	114	159	74
ST Debt	22	- -	13	- -	20	- -	18	16	32	- -	- -	82	44	99	45
LT Debt	28	22	24	22	41	32	36	52	56	42	30	40	70	60	29
Total Debt/EBITDA	77.41	31.1	50.85	32.03	92.68	37.74	50.55	66.48	79.74	29.57	18.7	77.83	78.24	115.12	50.46
Net Debt/EBITDA	43.88	14.1	40.1	14.18	77.42	17.48	34.97	48.51	65.8	-48.21	-110.15	57.54	32.96	62.59	20.22
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	13.17	13.75	12.92	13.92	13.46	10	10.22	10.32	11.17	10.52	9.92	8.16	8.23	9.21	9.99
Long-Term Debt/Equity (%)	31.42	24.33	25.87	22.41	40.72	28.81	31.06	42.76	41.07	21.8	14.61	23.94	38.57	28.03	12.15
Long-Term Debt/Capital (%)	20.12	19.57	18.41	18.31	25.42	22.37	21.15	27.5	25.01	17.9	12.75	13.82	23.65	16.09	9.3
Long-Term Debt/Total Assets (%)	4.14	3.34	3.34	3.12	5.48	2.88	3.17	4.41	4.59	2.29	1.45	1.95	3.17	2.58	1.21
Total Debt/Equity (%)	56.17	24.33	40.47	22.41	60.2	28.81	46.82	55.5	64.17	21.8	14.61	73.17	63.09	74.25	30.61
Total Debt/Capital (%)	35.97	19.57	28.81	18.31	37.58	22.37	31.89	35.69	39.09	17.9	12.75	42.25	38.68	42.61	23.44
Total Debt/Total Assets (%)	7.4	3.34	5.23	3.12	8.1	2.88	4.78	5.73	7.17	2.29	1.45	5.97	5.19	6.84	3.06
Net Debt to Equity	31.84	11.03	31.91	9.92	50.29	13.35	32.39	40.5	52.95	-35.54	-86.08	54.1	26.57	40.37	12.26
Net Debt/Capital (%)	24.15	9.93	24.19	9.02	33.46	11.78	24.47	28.83	34.62	-55.14	-618.23	35.11	20.99	28.76	10.92
EBITDA	1	1	1	1	1	1	1	1	1	1	2	2	1	1	1
EBITDA-CapEx	- -	- -	- -	- -	- -	- -	-1	- -	-1	1	- -	-1	- -	-2	-3
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	13.17	13.75	12.92	13.92	13.46	10	10.22	10.32	11.17	10.52	9.92	8.16	8.23	9.21	9.99
Long-Term Debt/Equity (%)	31.42	24.33	25.87	22.41	40.72	28.81	31.06	42.76	41.07	21.8	14.61	23.94	38.57	28.03	12.15
Long-Term Debt/Capital (%)	20.12	19.57	18.41	18.31	25.42	22.37	21.15	27.5	25.01	17.9	12.75	13.82	23.65	16.09	9.3
Long-Term Debt/Total Assets (%)	4.14	3.34	3.34	3.12	5.48	2.88	3.17	4.41	4.59	2.29	1.45	1.95	3.17	2.58	1.21
Total Debt/Equity (%)	56.17	24.33	40.47	22.41	60.2	28.81	46.82	55.5	64.17	21.8	14.61	73.17	63.09	74.25	30.61
Total Debt/Capital (%)	35.97	19.57	28.81	18.31	37.58	22.37	31.89	35.69	39.09	17.9	12.75	42.25	38.68	42.61	23.44
Total Debt/Total Assets (%)	7.4	3.34	5.23	3.12	8.1	2.88	4.78	5.73	7.17	2.29	1.45	5.97	5.19	6.84	3.06
CFO/Total Liabilities	1.86	1.96	2.05	1.72	1.62	1.14	1.58	1.63	1.69	0.83	1.57	1.63	1.48	1.08	1.56
CFO/CapEx	61.67	27.24	32.29	54.56	36.2	22.26	9.83	19.81	11.36	18.42	23.21	14.27	21.12	7.29	7.2
Altman's Z-Score	0.27	0.29	0.26	0.27	0.26	0.2	0.25	0.25	0.27	0.18	0.18	0.22	0.2	0.17	0.19

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	11.79	12.33	12.58	12.46	12.43	11.25	11.37	11.72	12.11	11.71	12.16	12.23	9.33	6.15	9.93
Days Sales Outstanding	30.95	29.6	29.02	29.28	29.37	32.46	32.12	31.14	30.14	31.17	30.03	29.84	39.1	59.32	36.77
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	90	98	98	107	106	138	206	208	247	215	213	273	267	252	261
- Cash & Cash Equivalents	21	12	8	12	10	17	17	18	15	112	207	32	66	72	44
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	49	22	37	22	61	32	54	68	88	42	30	122	114	159	74
Enterprise Value	-32	-37	-31	-40	18	-150	-37	14	109	-81	-370	-55	-91	-59	10
Total Capital	138	115	129	121	162	143	170	190	226	237	235	289	295	372	316
Total Debt/Capital (%)	35.97	19.57	28.81	18.31	37.58	22.37	31.89	35.69	39.09	17.9	12.75	42.25	38.68	42.61	23.44
Total Debt / EV	-1.55	-0.61	-1.21	-0.56	3.31	-0.21	-1.45	4.88	0.81	-0.53	-0.08	-2.21	-1.25	-2.67	7.15
EV/Sales	- -	- -	- -	- -	0.63	- -	- -	0.32	2.41	- -	- -	- -	- -	- -	0.12
EV/EBITDA	- -	- -	- -	- -	28	- -	- -	13.62	98.75	- -	- -	- -	- -	- -	7.06
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	1.75	- -	- -	0.8	5.92	- -	- -	- -	- -	- -	0.31
EV/Free Cash Flow to Firm	- -	- -	- -	- -	1.7	- -	- -	0.77	5.44	- -	- -	- -	- -	- -	0.27
Diluted Market Cap	85	98	98	106	106	129	207	208	246	189	213	273	266	218	259
Diluted Enterprise Value	113	108	127	116	157	143	244	257	319	120	36	363	315	304	288
EV per Share	- -	- -	- -	- -	3.31	- -	- -	2.21	17.23	- -	- -	- -	- -	- -	1.12
TTM Sales	27	30	30	30	29	34	42	44	45	58	74	78	70	51	88
TTM EBITDA	1	1	1	1	1	1	1	1	1	1	2	2	1	1	1
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	11	11	13	11	10	11	16	17	18	14	29	31	30	23	34
TTM Free Cash Flow to Firm	11	12	13	11	11	12	18	18	20	15	30	33	31	26	39

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	7.71	8.29	7.47	9.88	9.84	10.81	11.68	11.42	12.25	12.98	6.99	8.3	8.53	8.39	6.69
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-32	-37	-31	-40	18	-150	-37	14	109	-81	-370	-55	-91	-59	10
Low Price	14.08	15.15	17.54	17.83	18	17.5	21.24	28.76	28.08	21.2	23	23	23	23.5	21.25
EV/Sales	- -	- -	- -	- -	0.63	- -	- -	0.32	2.41	- -	- -	- -	- -	- -	0.12
EV/EBITDA	- -	- -	- -	- -	28	- -	- -	13.62	98.75	- -	- -	- -	- -	- -	7.06
Price/Earnings	11.49	11.62	11.54	13.84	17.97	19.04	25	15.07	17.14	12.52	8.52	9.31	15.82	- -	9.32
Price/Earnings Average	10.95	10.99	12.21	13.73	18.15	16.53	20.86	15.47	14.33	13	8.46	7.68	14.07	-1,355.4	8.6
Price/Earnings High	11.76	12.5	13.67	15.31	19.38	19.83	27.06	18.53	17.48	18.79	9.67	9.68	16.69	-1,725	10.16
Price/Earnings Low	9.72	9.76	11.29	12.74	16.88	15.09	16.09	13.13	12.37	10.14	7.54	6.41	11.06	-1,175	7.06
Price/Book Value	1.02	1.06	1.07	1.08	1.05	1.24	1.78	1.7	1.79	1.11	1.04	1.63	1.47	1.18	1.08
Price/Book Value Average	0.98	1	1.13	1.07	1.06	1.08	1.49	1.74	1.5	1.15	1.03	1.35	1.31	1.18	0.99
Price/Book Value High	1.05	1.14	1.26	1.19	1.14	1.29	1.93	2.09	1.83	1.66	1.18	1.7	1.56	1.5	1.17
Price/Book Value Low	0.87	0.89	1.04	0.99	0.99	0.98	1.15	1.48	1.3	0.9	0.92	1.12	1.03	1.02	0.82
Price/Tangible Book Value	1.16	1.2	1.2	1.2	1.17	1.39	1.99	1.88	1.96	1.3	1.21	1.99	1.76	1.37	1.23
Price/Tangible Book Value Average	1.11	1.13	1.27	1.19	1.18	1.21	1.66	1.93	1.64	1.35	1.21	1.64	1.57	1.37	1.13
Price/Tangible Book Value High	1.19	1.29	1.42	1.33	1.26	1.45	2.15	2.31	2	1.96	1.38	2.06	1.86	1.74	1.34
Price/Tangible Book Value Low	0.98	1	1.17	1.11	1.1	1.1	1.28	1.64	1.41	1.06	1.07	1.37	1.23	1.18	0.93
Price/Sales	3.09	3.26	3.23	3.57	3.63	3.78	4.9	4.69	5.37	3.24	2.88	3.48	3.78	4.26	2.94
Price/Sales Average	2.95	3.08	3.41	3.54	3.67	3.28	4.09	4.81	4.49	3.36	2.86	2.87	3.36	4.25	2.71
Price/Sales High	3.17	3.51	3.82	3.95	3.92	3.94	5.3	5.76	5.48	4.87	3.27	3.61	3.99	5.41	3.21
Price/Sales Low	2.62	2.74	3.16	3.29	3.41	3	3.15	4.08	3.87	2.63	2.55	2.39	2.64	3.68	2.23
Price/Cash Flow	7.83	8.6	7.7	10.06	10.11	11.23	12.77	11.89	13.21	13.69	7.27	8.86	8.89	9.54	7.61
Price/Cash Flow Average	7.46	8.13	8.14	9.99	10.21	9.75	10.66	12.21	11.05	14.21	7.22	7.31	7.91	9.51	7.02
Price/Cash Flow High	8.01	9.25	9.12	11.13	10.91	11.7	13.82	14.62	13.48	20.54	8.25	9.21	9.38	12.1	8.3
Price/Cash Flow Low	6.63	7.22	7.53	9.26	9.5	8.9	8.22	10.36	9.54	11.09	6.43	6.09	6.21	8.24	5.77
Price/Free Cash Flow Average	7.34	7.84	7.9	9.81	9.94	9.38	9.75	11.73	10.24	13.47	6.95	6.85	7.59	8.36	6.17
Price/Free Cash Flow High	7.89	8.92	8.85	10.93	10.61	11.26	12.64	14.05	12.5	19.48	7.94	8.63	9	10.64	7.29
Price/Free Cash Flow Low	6.52	6.97	7.31	9.09	9.24	8.57	7.52	9.96	8.84	10.52	6.19	5.71	5.96	7.25	5.06
EV/Sales Average	4.17	3.44	4.39	3.91	5.42	3.98	5.01	5.98	6.15	2.65	0.48	4.03	4.07	6.61	3.07
EV/Sales High	4.4	3.86	4.8	4.32	5.67	4.69	6.24	6.94	7.15	4.36	0.89	4.78	4.7	7.96	3.57
EV/Sales Low	3.82	3.09	4.13	3.65	5.16	3.67	4.07	5.25	5.53	1.81	0.16	3.55	3.34	5.96	2.58
EV/EBITDA Average	178.41	142.39	181.9	167.22	241.27	158.56	195.62	257.27	252.26	107.39	21.83	200.89	195.58	245.14	183.91
EV/EBITDA High	188.32	160.04	198.92	184.76	252.36	186.74	243.34	298.61	293.34	176.8	40.69	238.19	225.82	294.92	213.75
EV/EBITDA Low	163.3	128.07	171.26	156.1	229.76	146.26	158.88	225.76	226.78	73.23	7.45	177.11	160.72	220.84	154.66
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	16.65	18.03	17.93	19.37	19.17	22.09	33	33	38.9	26.17	25.99	33.44	32.91	27.21	28.05
High Price	17.03	19.4	21.24	21.43	20.67	23	35.72	40.58	39.69	39.28	29.5	34.75	34.72	34.5	30.59
Enterprise Value Average	114	103	133	116	158	134	210	263	279	154	35	316	286	338	270
Enterprise Value High	120	116	145	128	166	158	261	305	324	254	65	374	330	406	314
Enterprise Value Low	104	93	125	108	151	124	170	231	251	105	12	278	235	304	227

Shares Outstanding	5	5	5	6	6	6	6	6	6	8	8	8	8	9	9
Diluted Weighted Avg Shares	5	5	5	5	6	6	6	6	6	7	8	8	8	8	9
Basic Weighted Avg Shares	5	5	5	5	6	6	6	6	6	7	8	8	8	8	9
Revenue per Share	5.38	5.53	5.56	5.42	5.28	5.84	6.73	7.04	7.25	8.07	9.02	9.62	8.71	6.38	9.54
EBITDA per Share	0.13	0.13	0.13	0.13	0.12	0.15	0.17	0.16	0.18	0.2	0.2	0.19	0.18	0.17	0.16
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	1.45	1.55	1.55	1.4	1.07	1.16	1.32	2.19	2.27	2.09	3.05	3.59	2.08	-0.02	3.01
Basic EPS from Cont Ops	1.45	1.55	1.55	1.4	1.07	1.16	1.32	2.19	2.27	2.09	3.05	3.59	2.08	-0.02	3.01
Diluted EPS, GAAP	1.45	1.55	1.55	1.4	1.07	1.15	1.31	2.17	2.25	2.09	3.04	3.58	2.07	-0.02	3.01
Diluted EPS from Cont Ops	1.45	1.55	1.55	1.4	1.07	1.15	1.31	2.17	2.25	2.09	3.04	3.58	2.07	-0.02	3.01
Dividend per Share	0.69	0.73	0.76	0.8	0.82	0.81	0.87	0.88	0.96	1.01	1.05	1.12	1.17	1.21	1.25
Cash Flow per Share	2.13	2.1	2.33	1.93	1.9	1.97	2.58	2.78	2.94	1.91	3.57	3.77	3.7	2.85	3.68
Free Cash Flow per Basic Share	2.09	2.02	2.26	1.89	1.84	1.88	2.32	2.64	2.69	1.81	3.42	3.51	3.53	2.46	3.17
Cash & Equivalents per Share	31.66	28.99	30.37	30.6	26.81	51.24	47.62	41.58	35.58	41.12	74.8	55.2	58.25	50.71	34.91
Book Value per Share	16.25	16.99	16.81	17.95	18.19	17.8	18.51	19.43	21.67	23.68	25.03	20.46	22.33	23.02	26.06
Tangible Book Value per Share	14.31	15.09	14.94	16.12	16.39	15.89	16.62	17.58	19.85	20.05	21.41	16.84	18.69	19.85	22.9

Norwood Financial Corp.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)