Norwood Financial (NWFL) Revenue & Revenue Breakdown
Norwood Financial Revenue Highlights
Latest Revenue (Y)
$103.53M
Latest Revenue (Q)
$29.86M
Main Segment (Y)
Debit Card
Norwood Financial Revenue by Period
Norwood Financial Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $103.53M | 32.18% |
| 2022-12-31 | $78.33M | 6.37% |
| 2021-12-31 | $73.64M | 26.40% |
| 2020-12-31 | $58.26M | 28.36% |
| 2019-12-31 | $45.38M | 3.37% |
| 2018-12-31 | $43.90M | 4.99% |
| 2017-12-31 | $41.82M | 23.84% |
| 2016-12-31 | $33.77M | 15.57% |
| 2015-12-31 | $29.22M | -1.52% |
| 2014-12-31 | $29.67M | -2.00% |
| 2013-12-31 | $30.28M | 1.02% |
| 2012-12-31 | $29.97M | 9.69% |
| 2011-12-31 | $27.32M | 15.15% |
| 2010-12-31 | $23.73M | -3.15% |
| 2009-12-31 | $24.50M | 8.95% |
| 2008-12-31 | $22.49M | 8.14% |
| 2007-12-31 | $20.80M | 5.21% |
| 2006-12-31 | $19.77M | 5.08% |
| 2005-12-31 | $18.81M | 7.14% |
| 2004-12-31 | $17.56M | 4.42% |
| 2003-12-31 | $16.82M | -0.83% |
| 2002-12-31 | $16.95M | 3.66% |
| 2001-12-31 | $16.36M | 5.14% |
| 2000-12-31 | $15.56M | 11.11% |
| 1999-12-31 | $14.00M | 5.26% |
| 1998-12-31 | $13.30M | 2.31% |
| 1997-12-31 | $13.00M | 265.96% |
| 1996-12-31 | $3.55M | 115.76% |
| 1995-12-31 | $1.65M | - |
Norwood Financial generated $103.53M in revenue during NA 2023, up 32.18% compared to the previous quarter, and up 235.82% compared to the same period a year ago.
Norwood Financial Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $29.86M | 3.18% |
| 2024-03-31 | $28.94M | 2.67% |
| 2023-12-31 | $28.19M | 62.53% |
| 2023-09-30 | $17.34M | -0.46% |
| 2023-06-30 | $17.43M | -3.22% |
| 2023-03-31 | $18.00M | -6.02% |
| 2022-12-31 | $19.16M | -5.84% |
| 2022-09-30 | $20.35M | 4.98% |
| 2022-06-30 | $19.38M | -0.29% |
| 2022-03-31 | $19.44M | 4.98% |
| 2021-12-31 | $18.52M | -3.14% |
| 2021-09-30 | $19.12M | 4.81% |
| 2021-06-30 | $18.24M | 2.67% |
| 2021-03-31 | $17.77M | -2.79% |
| 2020-12-31 | $18.27M | 5.02% |
| 2020-09-30 | $17.40M | 54.56% |
| 2020-06-30 | $11.26M | -0.53% |
| 2020-03-31 | $11.32M | -1.82% |
| 2019-12-31 | $11.53M | -2.07% |
| 2019-09-30 | $11.77M | 4.62% |
| 2019-06-30 | $11.25M | 3.90% |
| 2019-03-31 | $10.83M | -1.80% |
| 2018-12-31 | $11.03M | -3.13% |
| 2018-09-30 | $11.38M | 3.60% |
| 2018-06-30 | $10.99M | 4.65% |
| 2018-03-31 | $10.50M | -1.29% |
| 2017-12-31 | $10.64M | -0.84% |
| 2017-09-30 | $10.73M | 4.03% |
| 2017-06-30 | $10.31M | 1.70% |
| 2017-03-31 | $10.14M | 2.00% |
| 2016-12-31 | $9.94M | 10.84% |
| 2016-09-30 | $8.97M | 17.75% |
| 2016-06-30 | $7.62M | 5.18% |
| 2016-03-31 | $7.24M | -1.17% |
| 2015-12-31 | $7.33M | 2.86% |
| 2015-09-30 | $7.12M | -0.81% |
| 2015-06-30 | $7.18M | -5.33% |
| 2015-03-31 | $7.59M | 2.06% |
| 2014-12-31 | $7.43M | 0.23% |
| 2014-09-30 | $7.42M | -2.72% |
| 2014-06-30 | $7.62M | 5.90% |
| 2014-03-31 | $7.20M | -3.45% |
| 2013-12-31 | $7.46M | -0.41% |
| 2013-09-30 | $7.49M | 1.77% |
| 2013-06-30 | $7.36M | -7.80% |
| 2013-03-31 | $7.98M | 10.87% |
| 2012-12-31 | $7.20M | -8.25% |
| 2012-09-30 | $7.84M | 5.23% |
| 2012-06-30 | $7.45M | -0.33% |
| 2012-03-31 | $7.48M | 3.09% |
| 2011-12-31 | $7.25M | -6.63% |
| 2011-09-30 | $7.77M | 23.10% |
| 2011-06-30 | $6.31M | 5.38% |
| 2011-03-31 | $5.99M | 1.05% |
| 2010-12-31 | $5.93M | -0.45% |
| 2010-09-30 | $5.95M | 1.81% |
| 2010-06-30 | $5.85M | -2.52% |
| 2010-03-31 | $6.00M | -11.15% |
| 2009-12-31 | $6.75M | 16.74% |
| 2009-09-30 | $5.78M | -3.65% |
| 2009-06-30 | $6.00M | 0.69% |
| 2009-03-31 | $5.96M | 6.14% |
| 2008-12-31 | $5.62M | -2.30% |
| 2008-09-30 | $5.75M | 3.85% |
| 2008-06-30 | $5.54M | -0.90% |
| 2008-03-31 | $5.59M | 6.14% |
| 2007-12-31 | $5.26M | - |
Norwood Financial generated $29.86M in revenue during Q2 2024, up 3.18% compared to the previous quarter, and up 165.86% compared to the same period a year ago.
Norwood Financial Revenue Breakdown
Norwood Financial Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Commissions On Mutual Funds And Annuities | $296.00K | $119.00K | $127.00K | $122.00K | $141.00K |
| Debit Card | $2.30M | $2.50M | $2.23M | $1.66M | $1.42M |
| Deposit Account | $428.00K | $419.00K | $398.00K | $377.00K | $301.00K |
| Fiduciary Activities | $898.00K | $845.00K | $748.00K | $682.00K | $610.00K |
| Financial Service Other | $667.00K | $1.91M | $674.00K | $540.00K | $500.00K |
| Gains On Sales Of Other Real Estate Owned | $80.00K | $427.00K | - | - | - |
| Safe Deposit Box Rental | $92.00K | $93.00K | $100.00K | $102.00K | $94.00K |
| Overdraft Fees | $1.34M | $1.16M | $1.03M | $985.00K | $1.38M |
| Loan Related Service Fees | $584.00K | $849.00K | $1.24M | $1.29M | $614.00K |
| Atm Fees | $446.00K | $452.00K | $443.00K | $457.00K | $384.00K |
Norwood Financial's latest annual revenue breakdown by segment (product or service), as of Dec 23: Debit Card (32.24%), Overdraft Fees (18.83%), Fiduciary Activities (12.58%), Financial Service Other (9.35%), Loan Related Service Fees (8.18%), Atm Fees (6.25%), Deposit Account (6.00%), Commissions On Mutual Funds And Annuities (4.15%), Safe Deposit Box Rental (1.29%), and Gains On Sales Of Other Real Estate Owned (1.12%).
Quarterly Revenue by Product
| Product/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Atm Fees | $106.00K | $114.00K | $120.00K | $106.00K | $106.00K | $112.00K | $127.00K | $108.00K | $105.00K | $110.00K | $125.00K | $107.00K | $101.00K | $103.00K | $155.00K | $104.00K | $95.00K | $97.00K | $106.00K | $91.00K |
| Commissions On Mutual Funds And Annuities | $68.00K | $67.00K | $167.00K | $36.00K | $26.00K | $21.00K | $31.00K | $26.00K | $41.00K | $29.00K | $34.00K | $29.00K | $36.00K | $33.00K | $26.00K | $26.00K | $38.00K | $30.00K | $30.00K | $26.00K |
| Debit Card | $526.00K | $575.00K | $591.00K | $576.00K | $559.00K | $617.00K | $624.00K | $627.00K | $628.00K | $567.00K | $584.00K | $586.00K | $492.00K | $502.00K | $443.00K | $366.00K | $344.00K | $357.00K | $370.00K | $371.00K |
| Deposit Account | $112.00K | $107.00K | $108.00K | $110.00K | $103.00K | $107.00K | $107.00K | $106.00K | $99.00K | $104.00K | $99.00K | $98.00K | $97.00K | $99.00K | $93.00K | $89.00K | $96.00K | $96.00K | $72.00K | $66.00K |
| Fiduciary Activities | $238.00K | $211.00K | $246.00K | $229.00K | $212.00K | $211.00K | $219.00K | $214.00K | $202.00K | $198.00K | $209.00K | $181.00K | $160.00K | $149.00K | $205.00K | $175.00K | $153.00K | $156.00K | $167.00K | $145.00K |
| Financial Service Other | $151.00K | $147.00K | $174.00K | $174.00K | $172.00K | $146.00K | $345.00K | $351.00K | $1.06M | $188.00K | $160.00K | $171.00K | $154.00K | $149.00K | $152.00K | $106.00K | $132.00K | $121.00K | $143.00K | $120.00K |
| Loan Related Service Fees | $131.00K | $154.00K | $146.00K | $131.00K | $153.00K | $223.00K | $104.00K | $252.00K | $269.00K | $275.00K | $314.00K | $404.00K | $245.00K | $824.00K | $282.00K | $82.00K | $100.00K | $163.00K | $228.00K | $94.00K |
| Overdraft Fees | $355.00K | $348.00K | $334.00K | $342.00K | $320.00K | $246.00K | $305.00K | $316.00K | $288.00K | $296.00K | $275.00K | $230.00K | $228.00K | $270.00K | $224.00K | $148.00K | $344.00K | $363.00K | $323.00K | $343.00K |
| Safe Deposit Box Rental | $24.00K | $21.00K | $23.00K | $22.00K | $26.00K | $23.00K | $24.00K | $23.00K | $22.00K | $23.00K | $24.00K | $25.00K | $27.00K | $23.00K | $26.00K | $24.00K | $29.00K | $23.00K | $22.00K | $23.00K |
| Gains On Sales Of Other Real Estate Owned | - | $67.00K | $13.00K | - | - | - | $427.00K | - | - | - | - | - | - | - | - | - | - | - | - | - |
Norwood Financial's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Debit Card (30.74%), Overdraft Fees (20.75%), Fiduciary Activities (13.91%), Financial Service Other (8.83%), Loan Related Service Fees (7.66%), Deposit Account (6.55%), Atm Fees (6.20%), Commissions On Mutual Funds And Annuities (3.97%), and Safe Deposit Box Rental (1.40%).
Norwood Financial Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| FSBW | FS Bancorp | $187.78M | $51.86M |
| HBCP | Home Bancorp | $178.87M | $49.13M |
| CHMG | Chemung Financial | $137.52M | $36.97M |
| FNWB | First Northwest Bancorp | $104.92M | $28.10M |
| NWFL | Norwood Financial | $103.53M | $29.86M |
| FNWD | Finward Bancorp | $96.53M | $24.70M |
| OVLY | Oak Valley Bancorp | $87.34M | $18.76M |
| FFNW | First Financial Northwest | $80.93M | $20.02M |
| OPOF | Old Point Financial | $80.28M | $21.59M |
| ESSA | ESSA Bancorp | $69.30M | $27.78M |
| RBKB | Rhinebeck Bancorp | $66.39M | $17.29M |
| CWBC | Community West Bancshares | $61.39M | $27.26M |
| HMNF | HMN Financial | $43.48M | $14.79M |
| HFBL | Home Federal Bancorp, Inc. of Louisiana | $23.45M | $8.40M |
| OFED | Oconee Federal Financial | $16.61M | $3.21M |
| FCCO | First Community | $10.42M | $25.48M |
NWFL Revenue FAQ
What is Norwood Financial’s yearly revenue?
Norwood Financial's yearly revenue for 2023 was $103.54M, representing an increase of 32.18% compared to 2022. The company's yearly revenue for 2022 was $78.33M, representing an increase of 6.37% compared to 2021. NWFL's yearly revenue for 2021 was $73.64M, representing an increase of 26.40% compared to 2020.
What is Norwood Financial’s quarterly revenue?
Norwood Financial's quarterly revenue for Q2 2024 was $29.86M, a 3.18% increase from the previous quarter (Q1 2024), and a 71.38% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $28.94M, a 2.67% increase from the previous quarter (Q4 2023), and a 60.76% increase year-over-year (Q1 2023). NWFL's quarterly revenue for Q4 2023 was $28.19M, a 62.53% increase from the previous quarter (Q3 2023), and a 47.14% increase year-over-year (Q4 2022).
What is Norwood Financial’s revenue growth rate?
Norwood Financial's revenue growth rate for the last 3 years (2021-2023) was 40.60%, and for the last 5 years (2019-2023) was 128.13%.
What are Norwood Financial’s revenue streams?
Norwood Financial's revenue streams in c 23 are Commissions On Mutual Funds And Annuities, Debit Card, Deposit Account, Fiduciary Activities, Financial Service Other, Gains On Sales Of Other Real Estate Owned, Safe Deposit Box Rental, Overdraft Fees, Loan Related Service Fees, and Atm Fees. Commissions On Mutual Funds And Annuities generated $296K in revenue, accounting 4.15% of the company's total revenue, up 148.74% year-over-year. Debit Card generated $2.3M in revenue, accounting 32.24% of the company's total revenue, down -7.81% year-over-year. Deposit Account generated $428K in revenue, accounting 6.00% of the company's total revenue, up 2.15% year-over-year. Fiduciary Activities generated $898K in revenue, accounting 12.58% of the company's total revenue, up 6.27% year-over-year. Financial Service Other generated $667K in revenue, accounting 9.35% of the company's total revenue, down -65.01% year-over-year. Gains On Sales Of Other Real Estate Owned generated $80K in revenue, accounting 1.12% of the company's total revenue, down -81.26% year-over-year. Safe Deposit Box Rental generated $92K in revenue, accounting 1.29% of the company's total revenue, down -1.08% year-over-year. Overdraft Fees generated $1.34M in revenue, accounting 18.83% of the company's total revenue, up 16.36% year-over-year. Loan Related Service Fees generated $584K in revenue, accounting 8.18% of the company's total revenue, down -31.21% year-over-year. Atm Fees generated $446K in revenue, accounting 6.25% of the company's total revenue, down -1.33% year-over-year.
What is Norwood Financial’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Norwood Financial was Debit Card. This segment made a revenue of $2.3M, representing 32.24% of the company's total revenue.