M&A
confidence high
sentiment neutral
materiality 0.75
Norwood Financial closes PB Bankshares acquisition for $58.3M; pro forma EPS $2.08 for 9M 2025
NORWOOD FINANCIAL CORP
- Acquisition closed Jan 5, 2026; 80% stock (0.7850x NWFL shares) and 20% cash ($19.75/sh) consideration.
- Total purchase price ~$58.3M; goodwill of $13.0M recorded; pro forma total assets $2.87B.
- Pro forma net income for 9M ended Sep 30, 2025: $22.6M ($2.08 diluted EPS), vs Norwood standalone $20.3M ($2.20 EPS).
- Pro forma net loss for FY 2024: $(3.3M) ($0.34 loss per share), reflecting $6.8M Norwood merger charges.
- Pro forma book value per share $25.26 as of Sep 30, 2025, vs Norwood standalone $25.37.