COMP <GO>

NWFL vs FDBC // ALTMAN Z-SCORE & DEBT/EQUITY

Norwood Financial Corp. (NASDAQ) VS. Fidelity D & D Bancorp Inc. (NASDAQ) • 15-METRIC TALLY: NWFL 4 — FDBC 3

■ METRIC PARITY

LAST: $35.64 (-0.67%) • MKT CAP: $388.5M

balance-sheet

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LAST: $65.83 (+3.65%) • MKT CAP: $382.4M

balance-sheet

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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (NWFL VS. FDBC) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	NWFL	FDBC	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	11.50%	11.80%	-0.30	FDBC	/roic <GO>
EV/EBITDA & P/E Valuation	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	7.53%	6.49%	+1.04	NWFL	/fcf-yield <GO>
Operating Margin	—	—	—	TIE	/operating-margins <GO>
Net Profit Margin	68.00%	—	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	8.10%	—	—	TIE	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	2.96%	2.46%	+0.50	NWFL	/dividend-safety <GO>
Altman Z-Score & Debt/Equity ACTIVE	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	6/9	5/9	+1.00	NWFL	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	58.7	75.5	-16.79	FDBC	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	13.0x	12.6x	+0.40	FDBC	/forward-pe <GO>
Enterprise Scale & Market Cap	$388.5M	$382.4M	$6.2M	NWFL	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	NWFL REV	FDBC REV	NWFL GROSS %	FDBC GROSS %	NWFL FCF	FDBC FCF
FY 2025	$8.0M	$0	—	—	$29.2M	$24.8M
FY 2024	$7.4M	$0	—	—	$19.7M	$24.9M
FY 2023	$7.1M	$0	—	—	$29.8M	$29.7M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

NWFL // BETA —

FDBC // BETA —