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2 65 86 147 97 81 246 198 47 237 155 33 66 145 185 209 218 221 241 231 217 229 87 96 40 171 117 245 156 170 149 92 148 Additional Colors N A S D A Q G L O B A L : N W F LO C T O B E R 2 7 , 2 0 2 6 Q3 2026 Investor Presentation Community Bank Making Every Day Better
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2 65 86 147 97 81 246 198 47 237 155 33 66 145 185 209 218 221 241 231 217 229 87 96 40 171 117 245 156 170 149 92 148 Additional Colors Q 3 2 0 2 6 I N V E S T O R P R E S E N T A T I O NN O R W O O D F I N A N C I A L C O R P N A S D A Q G L O B A L : N W F L Forward - looking statements and additional information 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 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 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 instances, beyond Norwood’s control. 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, 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 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 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, 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 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 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 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. 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 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. NON-GAAP FINANCIAL MEASURES 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. 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- 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 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 or in-effect regulatory requirements. Numbers in this presentation may not sum due to rounding. 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 measure, can be found in this presentation. 2
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2 65 86 147 97 81 246 198 47 237 155 33 66 145 185 209 218 221 241 231 217 229 87 96 40 171 117 245 156 170 149 92 148 Additional Colors Q 3 2 0 2 6 I N V E S T O R P R E S E N T A T I O N Key messages N O R W O O D F I N A N C I A L C O R P N A S D A Q G L O B A L : N W F L 1 Reinforcing strengths and growth trajectory of a regional bank with a rich history of serving communities since 1871 2 Creating a high-performance culture that consistently delivers improving results and increasing returns 3 Executing a disciplined strategy to achieve 6%+ growth through market outperformance and strategic M&A 4 Combining improved returns and disciplined capital allocation to create shareholder value 3Q 3 2 0 2 6 I N V E S T O R P R E S E N T A T I O N
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2 65 86 147 97 81 246 198 47 237 155 33 66 145 185 209 218 221 241 231 217 229 87 96 40 171 117 245 156 170 149 92 148 Additional Colors Q 3 2 0 2 6 I N V E S T O R P R E S E N T A T I O N PA NJ NYGeneva Four branches added with Presence Bank acquisition Growing and fortifying the Norwood franchise N O R W O O D F I N A N C I A L C O R P N A S D A Q G L O B A L : N W F L 4 Honesdale Milford Stroudsburg Oneonta Scranton Cooperstown 33 Offices 2 States 13 Counties New Branches Since 2025 Adding branch locations to GROW our geographic footprint From a strong foundation, we continue to FORTIFY our financial position Newsweek’s America’s Best Regional Banks & Credit Unions 2026 2026 U.S. Innovative Bank Leader NWFL NASDAQ Honesdale, PA Headquarters 1871 Founded 315 Employees Scan QR Code to See Wayne Bank Corporate Overview CAGR 2020 TO Q3 2026 Total assets 8% Net interest income 13% Net income 17%
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2 65 86 147 97 81 246 198 47 237 155 33 66 145 185 209 218 221 241 231 217 229 87 96 40 171 117 245 156 170 149 92 148 Additional Colors Q 3 2 0 2 6 I N V E S T O R P R E S E N T A T I O N 5N O R W O O D F I N A N C I A L C O R P N A S D A Q G L O B A L : N W F L Structurally improved our franchise 5 Driving consistent execution across the organization to profitably grow and create shareholder value Creating a culture that reliably delivers high-return growth Repositioned our portfolio Strengthened and deepened our leadership bench Expanded and modernized our customer experience Continued to add quality organizations through strategic M&A Updated our brand to reflect our vision for the future: Every Day Better Positioning the Bank for our next era of growth Strategically accelerating our growth trajectory Aligning with regions and markets that have durable growth fundamentals Partnering with small businesses to enable and grow with their success Maintaining robust financial position with broad asset exposure and disciplined underwriting culture Using our balance sheet to augment organic growth with strategic M&A Q 3 2 0 2 6 I N V E S T O R P R E S E N T A T I O N
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2 65 86 147 97 81 246 198 47 237 155 33 66 145 185 209 218 221 241 231 217 229 87 96 40 171 117 245 156 170 149 92 148 Additional Colors Q 3 2 0 2 6 I N V E S T O R P R E S E N T A T I O N 6N O R W O O D F I N A N C I A L C O R P N A S D A Q G L O B A L : N W F L 6 Executing a disciplined growth strategy to achieve financial targets Following a defined path to shareholder value creation Leveraging our strengths to create value 2 0 2 6 I N V E S T O R P R E S E N T A T I O N Organic growth Serving markets and regions that are growing Aim to outgrow underlying markets by partnering with regional small businesses and expanding with them Increasing and broadening sources of noninterest income Strategic M&A Build on successful track record Leverage strong balance sheet Geographic-adjacent expansion Be the acquisition partner of choice Strong execution Maintain diversified portfolio to minimize concentration risk Disciplined underwriting culture to sustain high credit quality Financial discipline to manage and optimize balance sheet exposures Value creation Generate 6%+ asset growth Drive double-digit returns Targeting +$5B in assets (+67% from current level) Loans to deposits greater than 90% Committed to a healthy and growing dividend
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2 65 86 147 97 81 246 198 47 237 155 33 66 145 185 209 218 221 241 231 217 229 87 96 40 171 117 245 156 170 149 92 148 Additional Colors Q 3 2 0 2 6 I N V E S T O R P R E S E N T A T I O N $0.5 $0.5 $0.7 $0.7 $0.7 $0.8 $0.7 $1.1 $1.2 $1.2 $1.4 $2.1 $2.0 $2.2 $2.3 $2.4 $3.0 $0.2 $0.4 $0.5 $0.5 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Q3 2026 NWFL Assets ($B) Acquired Assets ($B) Disciplined, opportunistic growth strategy N O R W O O D F I N A N C I A L C O R P N A S D A Q G L O B A L : N W F L 7 ~12% CAGR Acquired Branches PA NY A history of organic GROWTH and successful ACQUISITIONS
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2 65 86 147 97 81 246 198 47 237 155 33 66 145 185 209 218 221 241 231 217 229 87 96 40 171 117 245 156 170 149 92 148 Additional Colors Q 3 2 0 2 6 I N V E S T O R P R E S E N T A T I O N 8 Clear focus on regions with healthy small businesses environment N O R W O O D F I N A N C I A L C O R P N A S D A Q G L O B A L : N W F L Serving communities that best fit our competitive differentiators Small cities in rural and suburban settings Growing metro areas that have high credit quality Community bank targeting opportunity - rich regions PA NJ NY Finger Lakes, NY Southern Tier NY Northeast PA Central PALoan Production Office Northeast PA Central PA Southern Tier NY Finger Lakes NY Stable growth Mixes towards higher growth Stable growth Stable growth Key Industries: • Agribusiness / Food & Beverage Manufacturing • Plastics Manufacturing • Advanced Manufacturing Key Industries: • Advanced Manufacturing • Agriculture and Food Manufacturing • Healthcare Key Industries: • Homeland and Cybersecurity • Cleantech and Renewable Energy • Distribution • Agribusiness Key Industries: • Optics, Photonics and Imaging • Biotech and Life Sciences • Agribusiness • Software and Digital Media
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2 65 86 147 97 81 246 198 47 237 155 33 66 145 185 209 218 221 241 231 217 229 87 96 40 171 117 245 156 170 149 92 148 Additional Colors Q 3 2 0 2 6 I N V E S T O R P R E S E N T A T I O N 9 PLACEHOLDER: Additional Information on Regions N O R W O O D F I N A N C I A L C O R P N A S D A Q G L O B A L : N W F L 1 https://dced.pa.gov/pennsylvania/?reportname=demographics. 2https://www.point2homes.com/US/Neighborhood/NY/Catskills-Region-Demographics.html#income 3https://regionalcouncils.ny.gov/sites/default/files/2025- 11/Finger%20Lakes%20REDC%20Annual%20Report%20and%20ACHIEVE%20Submission%202025_0.pdf. 4https://pennsnortheast.com/news/article/northeastern-pa-ranks-6th-in-the-nation-for-economic-development. 5https://www.commercialsearch.com/blog/best-metros-for-industrial-workforce-in-us/. 6https://lightcast.io/products/data/overview. 7https://www.parealtors.org/blog/harrisburg-named-third-best-city-on-the-rise/. 8https://dol.ny.gov/system/files/documents/2026/09/finger-lakes.pdf. 9 https://fred.stlouisfed.org/series/SCRA542UR 10 https://www.iloveny.com/thebeat/post/new-data-from-tourism-economics-reflects-tourism-thriving-in-the- sullivan-catskills/ * All data based on website information as of October 2026 PA NJ NY Finger Lakes, NY Southern Tier NY Northeast PA Central PALoan Production Office Northeast PA Central PA Catskills Region NY Finger Lakes NY Population 1,035,8921 2,574,6221 356,3092 1,215,0003 Median Household Income $70,5031 $76,2891 78,9722 $73,8003 Unemployed 4.6% 9 3.19% 1 5.5% 2 4.1%8 • Northeastern PA Ranks 6th in the Nation for Economic Development 4 • #18 Workforce-Ready Top U.S. Metros (Scranton/Wilkes- Barre MSA) in 2025 5 • 5,285 Manufacturing Establishments in 2025 6 • Harrisburg Named 3rd Best City on the Rise in 2025 7 • 9,000+ Agricultural Establishments 6 • 14% of the working population run their own businesses 2 • Tourism to region generating approximately 17,995 jobs in the Catskills in 2024—15.4% of all jobs within the region 10 • Gross Regional Product (GRP) increased greater than 7.6% annually between 2019 and 20243 Community bank targeting opportunity - rich regions
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2 65 86 147 97 81 246 198 47 237 155 33 66 145 185 209 218 221 241 231 217 229 87 96 40 171 117 245 156 170 149 92 148 Additional Colors Q 3 2 0 2 6 I N V E S T O R P R E S E N T A T I O N 10N O R W O O D F I N A N C I A L C O R P N A S D A Q G L O B A L : N W F L 10 Our distinctives give us competitive advantages Enhancing our ability to deliver profitable growth Strong local ties provide consistent and sound growth opportunities Granular loan and deposit portfolio tied to our community Attractive financial profile enhanced by recent repositioning Disciplined underwriting culture Experienced and aligned leadership focused on delivering shareholder return Well-positioned to take advantage of market dislocation and M&A opportunities We have COMPETITIVE DIFFERENTIATORS that position us to win in our markets
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2 65 86 147 97 81 246 198 47 237 155 33 66 145 185 209 218 221 241 231 217 229 87 96 40 171 117 245 156 170 149 92 148 Additional Colors Q 3 2 0 2 6 I N V E S T O R P R E S E N T A T I O N 11N O R W O O D F I N A N C I A L C O R P N A S D A Q G L O B A L : N W F L 11 Management team building on legacy to create shareholder value Combined management team and Board of Directors represent 8.1% ownership* James O. Donnelly Janak Amin John McCaffery Vincent G. O’Bell John F. Carmody President and Chief Executive Officer Executive Vice President and Chief Operating Officer Executive Vice President and Chief Financial Officer Executive Vice President and Chief Lending Officer Executive Vice President and Chief Credit Officer Joseph Adams Joseph Mahon Mike Rollison Diane M. Wylam Kristen Lancia Senior Vice President and Director of Wealth Management and Investor Services Executive Vice President and Market Executive Senior Vice President and Commercial Loan Team Leader Senior Vice President and Senior Trust Officer Vice President and Marketing Manager Steven Daniels Ryan J. French Tracie A. Young Larry Witt Douglas Byers Executive Vice President and Chief Consumer Banking Officer Executive Vice President and Chief Human Resources Officer Executive Vice President and Chief Risk Officer Executive Vice President and Chief Information Officer Executive Vice President and Market Executive *Per 2025 proxy
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2 65 86 147 97 81 246 198 47 237 155 33 66 145 185 209 218 221 241 231 217 229 87 96 40 171 117 245 156 170 149 92 148 Additional Colors Q 3 2 0 2 6 I N V E S T O R P R E S E N T A T I O N 12N O R W O O D F I N A N C I A L C O R P N A S D A Q G L O B A L : N W F L 12 Executing a clear strategy to accelerate asset growth Achieving balanced growth as we execute our growth initiatives Focus on small business lending, granular relationships, and diverse industry exposure Organic growth as we serve and win with the small businesses in our communities 1 Disciplined underwriting process to ensure highest credit quality2 3 Maintain loans-to-deposits near 90% target • 2020: 91.9% • Q3 2026: 91.4% 1,411 1,535 1,852 2,294 2,509 2,952 - 500 1,00 0 1,50 0 2,00 0 2,50 0 3,00 0 3,50 0 Total Loans ($M) Total Deposits ($M) Total Assets ($M) 2020 Q3 2026 +9% CAGR +9% CAGR +8% CAGR
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2 65 86 147 97 81 246 198 47 237 155 33 66 145 185 209 218 221 241 231 217 229 87 96 40 171 117 245 156 170 149 92 148 Additional Colors Q 3 2 0 2 6 I N V E S T O R P R E S E N T A T I O N Growing deposits as we enable customer engagement 13N O R W O O D F I N A N C I A L C O R P N A S D A Q G L O B A L : N W F L 13 Upgrading the customer experience to support growth initiatives Creating stable foundation for long-term income Modernizing our branches to provide the communities we serve with innovative banking technologies and tools • Forty Fort grand opening and Presence Bank acquisition added five new branches in 2025 • Expanding access to modern technologies • Promotes customer engagement to support home ownership, small business developments, and commercial development Digital banking services • Mobile banking for 24/7 access to advanced features • Enhanced online account opening platform • Easier, online mortgage application
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2 65 86 147 97 81 246 198 47 237 155 33 66 145 185 209 218 221 241 231 217 229 87 96 40 171 117 245 156 170 149 92 148 Additional Colors Q 3 2 0 2 6 I N V E S T O R P R E S E N T A T I O N LONG-TERM GOAL 14N O R W O O D F I N A N C I A L C O R P N A S D A Q G L O B A L : N W F L 14 Growing noninterest income to enhance earnings quality Noninterest income is contributing to long-term growth strategy Growing noninterest income more quickly than interest income • Improve debit card utilization • Building out mortgage franchise • Upscale wealth management / trust department • Leverage strength of franchise to drive growth across the organization Delivering Results: Improving Debit Card Utilization Deposit growth provides opportunity to extend our service offerings Strategic initiative to increase retail business and grow debit card fees We have designed our policies to place more debit cards in customers’ hands Provides diverse, stable income stream Expand noninterest income from ~12% to 20% of total revenue in next 3-5 years 7,780 10,672 2020 Q3 2026 LTM Noninterest income ($K) Fees Fiduciary Loans Life Insurance Other 1,656 2,680 2020 Q3 2026 LTM Debit card fees ($K) +9% CAGR +6% CAGR
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2 65 86 147 97 81 246 198 47 237 155 33 66 145 185 209 218 221 241 231 217 229 87 96 40 171 117 245 156 170 149 92 148 Additional Colors Q 3 2 0 2 6 I N V E S T O R P R E S E N T A T I O N 15N O R W O O D F I N A N C I A L C O R P N A S D A Q G L O B A L : N W F L 15 Capital allocation framework to extend shareholder value creation Employing balanced approach to maximize shareholder value Repurchasing shares opportunistically Repurchased $4.2M over last 3 years Adopted program in August 2026 to repurchase up to ~5% of outstanding shares Supporting and growing the dividend 34 years of increasing dividend Attractive dividend yield 3.7% Maintain healthy and growing dividend Expanding through strategic M&A Geographic adjacent Targeting banks with strong execution, aligned cultures, and disciplined financial management Funding organic growth Above well-capitalized risk-based ratios • Total capital: 13.396% • Tier 1: 12.29% • CET1: 12.29% Disciplined underwriting culture Investing in growth Returning cash to shareholders
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2 65 86 147 97 81 246 198 47 237 155 33 66 145 185 209 218 221 241 231 217 229 87 96 40 171 117 245 156 170 149 92 148 Additional Colors Q 3 2 0 2 6 I N V E S T O R P R E S E N T A T I O N 16 Building on history of generating total shareholder return N O R W O O D F I N A N C I A L C O R P N A S D A Q G L O B A L : N W F L Executing strategy to extend TSR outperformance into the future 63.1% 35.9% 27.9% 13.4% 5 Year TSR 1 Year TSR Total Shareholder Return as of 9/30/2026 NWFL KBW Nasdaq Regional Banking Index Proactively repositioned investment portfolio to perform well in current and future interest rate environment Strong track record of growing assets organically and through strategic M&A Financial discipline to grow income and improve returns Attractive dividend yield as we return cash to shareholders
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2 65 86 147 97 81 246 198 47 237 155 33 66 145 185 209 218 221 241 231 217 229 87 96 40 171 117 245 156 170 149 92 148 Additional Colors Q 3 2 0 2 6 I N V E S T O R P R E S E N T A T I O N ANNOUNCED Jul 7, 2025 COMPLETED Jan 5, 2026 17N O R W O O D F I N A N C I A L C O R P N A S D A Q G L O B A L : N W F L 17 M & A C A S E S T U D Y Presence Bank as an example of our successful M&A track record Strategic fit • Shared values, culture, and commitment to high quality customer service • Geographic-adjacent expansion into growing metro areas • Well run bank with high credit quality and strong execution Combination makes both banks stronger • Expands NWFL’s geographic footprint into attractive Central PA markets • Enhances PB’s customer services and solutions offerings Presence Bank: a growing and respected bank located in attractive Pennsylvania markets
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2 65 86 147 97 81 246 198 47 237 155 33 66 145 185 209 218 221 241 231 217 229 87 96 40 171 117 245 156 170 149 92 148 Additional Colors Q 3 2 0 2 6 I N V E S T O R P R E S E N T A T I O N N O R W O O D F I N A N C I A L C O R P N A S D A Q G L O B A L : N W F L 1 2 3 4 Reinforcing strengths and growth trajectory of a regional bank with a rich history of serving communities since 1871 Creating a high- performance culture that consistently delivers improving results and increasing returns Executing a disciplined strategy to achieve 6%+ growth through market outperformance and strategic M&A Combining improved returns and disciplined capital allocation to create shareholder value 18 Q 3 2 0 2 6 I N V E S T O R P R E S E N T A T I O N S U M M A R Y Leveraging our distinctives to create shareholder value
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2 65 86 147 97 81 246 198 47 237 155 33 66 145 185 209 218 221 241 231 217 229 87 96 40 171 117 245 156 170 149 92 148 Additional Colors Q 3 2 0 2 6 I N V E S T O R P R E S E N T A T I O N APPENDIX 19
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2 65 86 147 97 81 246 198 47 237 155 33 66 145 185 209 218 221 241 231 217 229 87 96 40 171 117 245 156 170 149 92 148 Additional Colors Q 3 2 0 2 6 I N V E S T O R P R E S E N T A T I O N QUARTERLY RESULTS 20
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2 65 86 147 97 81 246 198 47 237 155 33 66 145 185 209 218 221 241 231 217 229 87 96 40 171 117 245 156 170 149 92 148 Additional Colors Q 3 2 0 2 6 I N V E S T O R P R E S E N T A T I O N 21N O R W O O D F I N A N C I A L C O R P N A S D A Q G L O B A L : N W F L $28.0M Net Interest Income +37% 3.36% Net Interest Spread (fte) 1 +42 bps 4.01% Net Interest Margin (fte) 1 +38 bps $15.4M Adjusted Pre Provision Net Revenue1 +45% $11.8M Adjusted Net Income1 +34% $1.08 Adjusted Diluted EPS1 +15% 1.60% Adjusted Return on Average Assets1 +13 bps 18.51% Adjusted Return on Tangible Equity1 +85 bps Selected financial highlights (all comps Y/Y) Key messages Q3 2026 summary 1 Another strong performance in Q3, achieving record net interest income and record net income, as the team executes well and extends the momentum we are building towards a brighter future 2 Grew assets to $3.0B and maintained strong financial position while navigating customer bankruptcy; rebooked debt with past due interest benefitting income and margin 3 Poised for growth post-integration, as combined organization is even better positioned serve communities 4 Continuing to build momentum in 2026, through strategic priorities to create a stronger organization with ingrained high-performance culture 21 1 See appendix for Non-GAAP reconciliation
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2 65 86 147 97 81 246 198 47 237 155 33 66 145 185 209 218 221 241 231 217 229 87 96 40 171 117 245 156 170 149 92 148 Additional Colors Q 3 2 0 2 6 I N V E S T O R P R E S E N T A T I O N Successfully complete Presence Bank integration • Completed key integration activity, including core system conversion and brand convergence • Ongoing dialogue to share best practices as we continue to standardize on operations and customer engagement Increase operating efficiency and elevate the customer experience through AI • Implemented PB commercial system to drive efficiency, manage risk, and empower employees to do more • Utilize AI embedded in PB processes across the organization as part of integration • Creating 3-year plan to assess AI implementation and pursue highest value opportunities Strengthen our talent pool and deepen our leadership bench • Invest in our people to empower them to serve our communities • Cascade strategic priorities throughout organization • Stephanie Abraham joined as SVP and Commercial Team Leader • Promoted Kyle Liner and John Veleber to Commercial Team Leader • Expanded role of Joseph J. Mahon, EVP and Market Executive, to include Greater Scranton Increase shareholder value • Executing a clear growth strategy, including organic growth and strategic M&A, along with strong execution to achieve financial targets and deliver increasing shareholder value • Delivered strong Q3 results on strong financial position and performance of our entire team • Grew asset base through increasing deposits, investment decisions, and strategic M&A • Enhance shareholder returns through a reliable and growing dividend Making progress on our 2026 strategic priorities N O R W O O D F I N A N C I A L C O R P N A S D A Q G L O B A L : N W F L 22 Focused on actions that will create value and build momentum
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2 65 86 147 97 81 246 198 47 237 155 33 66 145 185 209 218 221 241 231 217 229 87 96 40 171 117 245 156 170 149 92 148 Additional Colors Q 3 2 0 2 6 I N V E S T O R P R E S E N T A T I O N Improving financial performance and positioning for continued growth N O R W O O D F I N A N C I A L C O R P N A S D A Q G L O B A L : N W F L $0.94 $0.69 $1.08 Q3 2025 Q2 2026 Q3 2026 Adjusted earnings per share1 $22.19 $22.96 $22.35 Q3 2025 Q2 2026 Q3 2026 Tangible book value per share EPS improved on record net income due to record net interest income and growth in other income, partially offset by higher expenses due to the acquisition TBV per share decreased from Q2 on decline in Other Comprehensive Income as rise in interest rates depressed market value of Available-for-Sale portfolio Repositioned portfolio and Presence Bank acquisition continued to further strengthen our financial position and provides us with a larger organization to scale as we serve our communities 23 1 See appendix for Non-GAAP reconciliation
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2 65 86 147 97 81 246 198 47 237 155 33 66 145 185 209 218 221 241 231 217 229 87 96 40 171 117 245 156 170 149 92 148 Additional Colors Q 3 2 0 2 6 I N V E S T O R P R E S E N T A T I O N Loan portfolio overview N O R W O O D F I N A N C I A L C O R P N A S D A Q G L O B A L : N W F L Small business lending, granular relationships and limited industry concentration 6.18% 6.08% 6.13% 6.22% 6.22% 6.28% 6.34% 6.43% 5.35% 5.54% 5.60% 5.69% 5.66% 5.73% 5.85% 5.92% 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2026 Q1 2026 Q2 2026 Q3 Investor Real Estate 43% Multi Family 7% Owner Occupied 33% Agriculture 6% 1-4 Family Rental 11% Total $1.1 B C&I 11% Const & Land 5% Consumer 1% CRE 49% Home Eq 4% Indirect 16% 1-4 Family 14% Total $2.3B Loan portfolio by category Historical yields CRE loans by industry $99K Average Loan Size 11% Adjustable, 44% Floating, and 45% Fixed Rate Office Exposure: 6 loans for ~$2.8M CRE Ratio: 230% (as of Q3 2026) $333K Average Commercial Loan Size Yield on Loans Yield on Interest Earning Assets 24
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2 65 86 147 97 81 246 198 47 237 155 33 66 145 185 209 218 221 241 231 217 229 87 96 40 171 117 245 156 170 149 92 148 Additional Colors Q 3 2 0 2 6 I N V E S T O R P R E S E N T A T I O N Strong historical credit quality N O R W O O D F I N A N C I A L C O R P N A S D A Q G L O B A L : N W F L Credit quality ratios 2022 2023 2024 2025 Q3 2026 Non-performing Loans / Loans 0.08% 0.48% 0.46% 0.34% 0.73% Net Charge Offs / Loans 0.02% 0.39% 0.10% 0.03% 0.13% ACL / Loans 1.15% 1.18% 1.16% 1.07% 1.10% Reserves / NPAs 1,165% 246% 252% 280% 143% 25
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2 65 86 147 97 81 246 198 47 237 155 33 66 145 185 209 218 221 241 231 217 229 87 96 40 171 117 245 156 170 149 92 148 Additional Colors Q 3 2 0 2 6 I N V E S T O R P R E S E N T A T I O N Deposit portfolio overview N O R W O O D F I N A N C I A L C O R P N A S D A Q G L O B A L : N W F L $51K Average Account Size $524M in Municipal Deposits NIB Demand 19% IB Demand 15% MMDA 16% Savings 9% Time Deposts 41% Total $2.5B Deposit portfolio by category 29% 40% 41% 42% 41% 16% 13% 11% 10% 9%16% 12% 10% 9% 16% 14% 14% 17% 19% 15% 25% 22% 21% 20% 19% 2022 2023 2024 2025 Q3 2026 Time Deposits Savings MMDA IB Demand NIB Demand 2.30% 2.26% 2.17% 2.11% 2.14% 2.12% 2.06% 2.02% 2.46% 2.39% 2.30% 2.21% 2.21% 2.21% 2.11% 2.07% 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2026 Q1 2026 Q2 2026 Q3 Cost of Deposits Cost of Funds Deposit composition over time Historical funding costs 26 Attractive retail franchise bolstered by commercial and municipal relationships
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2 65 86 147 97 81 246 198 47 237 155 33 66 145 185 209 218 221 241 231 217 229 87 96 40 171 117 245 156 170 149 92 148 Additional Colors Q 3 2 0 2 6 I N V E S T O R P R E S E N T A T I O N 27 Managing Exposure to Dynamic Interest Rate Environment N O R W O O D F I N A N C I A L C O R P N A S D A Q G L O B A L : N W F L 1.5% -2.1% 0.5% -1.1% 0.9% -1.7% 1.5% -2.1% 0.1% -0.4% -0.8% 0.2% -100 +100 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Net Interest Income Sensitivity Loan portfolio exposure to interest rates • 11% Adjustable • 44% Floating • 45% Fixed Rate • 48% reprice within next 12 months $691M of CDs that are maturing within 12 months at average rate of 3.27% $116 million non-maturity tied to indexes Continued prudent management of capital, liquidity, and interest rate exposure EXPOSURE TO RATE MOVES
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2 65 86 147 97 81 246 198 47 237 155 33 66 145 185 209 218 221 241 231 217 229 87 96 40 171 117 245 156 170 149 92 148 Additional Colors Q 3 2 0 2 6 I N V E S T O R P R E S E N T A T I O N Strength. Security. Stability. N O R W O O D F I N A N C I A L C O R P N A S D A Q G L O B A L : N W F L 150+ years in business UNIFIED BRAND: Consolidated Wayne Bank, the Bank of Cooperstown, Bank of the Finger Lakes, and Presence Bank under single Wayne Bank brand Committed to the same community banking mission and core values instated upon our founding in 1871 Rewarding shareholders Focused on achieving above-peer performance targets bolstered by our competitive strength in markets of operation Repositioned the investment portfolio to improve yields in current and future interest rate environment Track record of 34 consecutive years of increasing cash dividends Growth & expansion Consistent record of organic growth bolstered by four successful acquisitions between 2011 and 2026, including Presence Bank Focused on expanding noninterest and fee income through product offerings such as wealth and trust management, mortgage, and treasury management services A community pillar MISSION STATEMENT: “To help our customers and communities build strong financial futures, so that every day, every year, every generation is better than the last.” The Bank and its employees are key contributors to several local charities Focused on small business and local relationships 28 Key tenets for SUCCESSCustomers ShareholdersEmployees Community
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2 65 86 147 97 81 246 198 47 237 155 33 66 145 185 209 218 221 241 231 217 229 87 96 40 171 117 245 156 170 149 92 148 Additional Colors Q 3 2 0 2 6 I N V E S T O R P R E S E N T A T I O N N O N- G A A P R E C O N C I L I A T I O N S 29
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2 65 86 147 97 81 246 198 47 237 155 33 66 145 185 209 218 221 241 231 217 229 87 96 40 171 117 245 156 170 149 92 148 Additional Colors Q 3 2 0 2 6 I N V E S T O R P R E S E N T A T I O N Non - GAAP financial measures Net Interest Income FTE and Average Tangible Equity N O R W O O D F I N A N C I A L C O R P N A S D A Q G L O B A L : N W F L 30 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) Average tangible shareholders' equity $ 250,455 $ 252,169 $ 248,725 $ 193,397 $ 197,353
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2 65 86 147 97 81 246 198 47 237 155 33 66 145 185 209 218 221 241 231 217 229 87 96 40 171 117 245 156 170 149 92 148 Additional Colors Q 3 2 0 2 6 I N V E S T O R P R E S E N T A T I O N Non - GAAP financial measures Pre Provision Net Revenue N O R W O O D F I N A N C I A L C O R P N A S D A Q G L O B A L : N W F L 31 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 0 53 718 568 BOLI restructuring fee 225 0 0 0 0 PPNR adjusted for one time expenses (Non-GAAP) 40,448 15,377 13,626 27,674 10,597
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2 65 86 147 97 81 246 198 47 237 155 33 66 145 185 209 218 221 241 231 217 229 87 96 40 171 117 245 156 170 149 92 148 Additional Colors Q 3 2 0 2 6 I N V E S T O R P R E S E N T A T I O N Non - GAAP financial measures Adjusted Return on Average Assets N O R W O O D F I N A N C I A L C O R P N A S D A Q G L O B A L : N W F L 32 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 0 53 718 568 Boli restructuring fee 225 0 0 0 0 Tax effect at 21% (1,096) 0 (11) (151) (119) Adjusted Net Income (Non-GAAP) 28,944 11,763 9,370 20,880 8,783 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) 1.34 % 1.60 % 1.29 % 1.19 % 1.47 %
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2 65 86 147 97 81 246 198 47 237 155 33 66 145 185 209 218 221 241 231 217 229 87 96 40 171 117 245 156 170 149 92 148 Additional Colors Q 3 2 0 2 6 I N V E S T O R P R E S E N T A T I O N Non - GAAP financial measures Adjusted Return on Average Tangible Shareholders’ Equity and Adjusted Earnings Per Share N O R W O O D F I N A N C I A L C O R P N A S D A Q G L O B A L : N W F L 33 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 0 53 718 568 Boli restructuring fee 225 0 0 0 0 Tax effect at 21% (1,096) 0 (11) (151) (119) Adjusted Net Income (Non-GAAP) 28,944 11,763 9,370 20,880 8,783 Average tangible shareholders' equity 250,455 252,169 248,725 193,397 197,353 Adjusted return on average shareholders' equity (annualized) (Non-GAAP) 15.45% 18.51% 15.11% 14.43% 17.66% 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 0 53 718 568 Boli restructuring fee 225 0 0 0 0 Tax effect at 21% (1,096) 0 (11) (151) (119) Adjusted Net Income (Non-GAAP) 28,944 11,763 9,370 20,880 8,783 Adjusted Earnings per Share, Basic (Non-GAAP) $ 2.68 $ 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
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2 65 86 147 97 81 246 198 47 237 155 33 66 145 185 209 218 221 241 231 217 229 87 96 40 171 117 245 156 170 149 92 148 Additional Colors Thank you