Norwood Financial Corp. operates as the bank holding company for Wayne Bank that provides various banking products and services. The company accepts a range of deposit products, including interest-bearing and non-interest bearing transaction accounts, and statement savings and money market accounts, as well as certificate of deposits. It also provides various loans, such as commercial loans comprising lines of credit, revolving credit, term loans, mortgages, secured lending products, and letter of credit facilities; municipal finance lending; construction loans for commercial construction projects and single-family residences; land loans; consumer loans; mortgage lending to finance principal residences and second home dwellings; and indirect dealer financing of new and used automobiles, boats, and recreational vehicles. In addition, the company offers investment securities services; trust and investment products; and cash management, direct deposit, remote deposit capture, mobile deposit capture, mobile payment, automated clearing house activity, real estate settlement, and Internet and mobile banking services. Further, it engages in the annuity and mutual fund sale, and discount brokerage activities, as well as insurance agency business. The company serves consumers, businesses, nonprofit organizations, and municipalities. It operates fourteen offices in Northeastern Pennsylvania; and sixteen offices in Delaware, Sullivan, Ontario, Otsego, and Yates Counties, New York, as well as thirty-one automated teller machines. The company was founded in 1870 and is headquartered in Honesdale, Pennsylvania.
IPO Year:
Exchange: NASDAQ
Website: waynebank.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/8/2025 | $28.00 | Neutral | Piper Sandler |
| 1/2/2025 | $31.00 | Buy | Janney |
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Piper Sandler initiated coverage of Norwood Financial Corp. with a rating of Neutral and set a new price target of $28.00
Janney initiated coverage of Norwood Financial Corp. with a rating of Buy and set a new price target of $31.00
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4/A - NORWOOD FINANCIAL CORP (0001013272) (Issuer)
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4 - NORWOOD FINANCIAL CORP (0001013272) (Issuer)
4 - NORWOOD FINANCIAL CORP (0001013272) (Issuer)
4 - NORWOOD FINANCIAL CORP (0001013272) (Issuer)
4 - NORWOOD FINANCIAL CORP (0001013272) (Issuer)
4 - NORWOOD FINANCIAL CORP (0001013272) (Issuer)
4 - NORWOOD FINANCIAL CORP (0001013272) (Issuer)
4 - NORWOOD FINANCIAL CORP (0001013272) (Issuer)
4 - NORWOOD FINANCIAL CORP (0001013272) (Issuer)
4 - NORWOOD FINANCIAL CORP (0001013272) (Issuer)
4/A - NORWOOD FINANCIAL CORP (0001013272) (Issuer)
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Quarterly and Year-to-Date Highlights: Fully diluted EPS of $0.67, a 29% increase over the same period in 2024Return on assets rose 31 basis points to 1.06% from 2Q 2024.Net interest margin increased 13 basis points vs. the prior quarter and 63 basis points over the prior year.Loans grew at a 4.4% and 8.2% annualized rate during the second quarter and year-to-date, respectively.Deposits grew year-to-date at an annualized rate of 15% while deposit costs fell 20 basis points since the 4th quarter of 2024.Capital continues to improve on increased earnings and lower accumulated other comprehensive income (AOCI) adjustment. HONESDALE, Pa., July 22, 2025 (GLOBE NEWSWIRE) -- Norwood Financial C
HONESDALE, Pa. and COATESVILLE, Pa., July 07, 2025 (GLOBE NEWSWIRE) -- Norwood Financial Corp ("Norwood Financial") (NASDAQ:NWFL), headquartered in Honesdale, Pennsylvania, and PB Bankshares, Inc. ("Presence") (NASDAQ:PBBK), headquartered in Coatesville, Pennsylvania, jointly announced today that both companies' boards of directors have unanimously approved an agreement and plan of merger (the "Agreement") pursuant to which Presence will merge with and into Norwood. Norwood Financial is the bank holding company for Wayne Bank, which operates 30 banking offices in Pennsylvania and New York. As of March 31, 2025, Norwood Financial had consolidated assets of $2.4 billion. Presence is the b
HONESDALE, Pa., June 18, 2025 (GLOBE NEWSWIRE) -- James O. Donnelly, President and Chief Executive Officer of Norwood Financial Corp (NASDAQ Global Market - NWFL) and its subsidiary Wayne Bank, announced that the Board of Directors has declared a $0.31 per share cash dividend, which is payable on August 1, 2025, to stockholders of record as of July 15, 2025. The $0.31 per share is a $0.01 increase over the per share dividend declared in the second quarter of 2024. Mr. Donnelly commented, "The Board is extremely pleased to provide our shareholders with this quarterly dividend. It reflects the Company's financial strength and strong capital position which has contributed to our solid perfor
Quarterly Highlights: Fully diluted EPS of $0.63, a 14.5% increase over the same period in 2024Return on assets rises to over 1.00%.Net interest margin increased 30 basis points vs. the prior quarter and 11 basis points over the prior year.Loans grew at a 13.5% annualized rate during the first quarter.Capital continues to improve on increased earnings and lower AOCI adjustment. HONESDALE, Pa., April 17, 2025 (GLOBE NEWSWIRE) -- Norwood Financial Corp (Nasdaq Global Market-NWFL) and its subsidiary, Wayne Bank, announced results for the three months March 31, 2025. Jim Donnelly, President and Chief Executive Officer of Norwood Financial Corp and Wayne Bank, stated, "The actio
HONESDALE, Pa., March 31, 2025 (GLOBE NEWSWIRE) -- James O. Donnelly, President and Chief Executive Officer of Norwood Financial Corp (NASDAQ Global Market - NWFL) and its subsidiary Wayne Bank, announced that the Board of Directors has declared a $0.31 per share cash dividend, which is payable on May 1, 2025, to stockholders of record as of April 15, 2025. The $0.31 per share is a $0.01 increase over the per share dividend declared in the first quarter of 2024. Mr. Donnelly commented, "The Board is extremely pleased to provide our shareholders with this quarterly dividend. It reflects the Company's financial strength and strong capital position which has contributed to our solid performa
HONESDALE, Pa., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Susan Campfield has announced her retirement from the Board of Directors of Norwood Financial Corp (Nasdaq Global Market-NWFL) and its subsidiary, Wayne Bank, effective February 18, 2025. After serving the companies for 19 years, Campfield announced her retirement stating, "I have enjoyed supporting this great bank and all of the good it has done and is doing in the communities that we serve. It has been one of the real honors of my professional life." Campfield joined the Board of Directors in 2006 as a fixture in the Wayne County, Pennsylvania business community. For over 33 years, she served as President and Chief Executive Officer
Quarterly Highlights: Net interest margin increased 5 basis points vs. the prior quarter and 11 basis points over the prior year.Loans grew at an 9% annualized rate during the fourth quarter.Completed capital raise that supports our long-term strategy and repositions our investment portfolio to improve our yield on the portfolio.Capital continues to improve due to recent equity offering and lower AOCI adjustment. HONESDALE, Pa., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Norwood Financial Corp (Nasdaq Global Market-NWFL) and its subsidiary, Wayne Bank, announced results for the three months and fiscal year ended December 31, 2024. Jim Donnelly, President and Chief Executive Officer o
HONESDALE, Pa., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Norwood Financial Corp (NASDAQ Global Market - NWFL) announced today that the dividend payment date for the fourth quarter cash dividend is February 3, 2025, not February 1, 2025, as was announced yesterday. The January 15, 2025 record date for the dividend remains the same. Norwood Financial Corp, through its subsidiary, Wayne Bank operates fifteen offices in Northeastern Pennsylvania and fourteen offices in Delaware, Sullivan, Ontario, Otsego and Yates Counties, New York. As of September 30, 2024, Norwood had total assets of $2.3 billion, loans outstanding of $1.7 billion, total deposits of $1.9 billion and total capital of $196 million.
HONESDALE, Pa., Dec. 18, 2024 (GLOBE NEWSWIRE) -- James O. Donnelly, President and Chief Executive Officer of Norwood Financial Corp (NASDAQ Global Market - NWFL) and its subsidiary Wayne Bank, announced that the Board of Directors has declared a $0.31 per share cash dividend, which is payable on February 1, 2025, to stockholders of record as of January 15, 2025. The $0.31 per share is a $0.01 increase over the per share dividend declared in the third quarter of 2024, and represents a 3.33% increase over the cash dividend declared in the fourth quarter of 2023. Mr. Donnelly commented, "The Board is extremely pleased to provide our shareholders with this quarterly dividend. It reflects the
HONESDALE, Pa., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Norwood Financial Corp (NASDAQ:NWFL) ("Norwood" or the "Company") today announced the pricing of a public offering of 1,000,000 shares of its common stock, $0.10 par value (the "Common Stock"), at a public offering price of $26.00 per share, for aggregate gross proceeds of approximately $26 million. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 150,000 shares of common stock (the "over-allotment option") at the public offering price, less underwriting discounts. If the over-allotment option is exercised in full by the underwriters, the aggregate gross proceeds to the Company would be
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HONESDALE, Pa., Feb. 18, 2025 (GLOBE NEWSWIRE) -- Susan Campfield has announced her retirement from the Board of Directors of Norwood Financial Corp (Nasdaq Global Market-NWFL) and its subsidiary, Wayne Bank, effective February 18, 2025. After serving the companies for 19 years, Campfield announced her retirement stating, "I have enjoyed supporting this great bank and all of the good it has done and is doing in the communities that we serve. It has been one of the real honors of my professional life." Campfield joined the Board of Directors in 2006 as a fixture in the Wayne County, Pennsylvania business community. For over 33 years, she served as President and Chief Executive Officer
HONESDALE, Pa., July 18, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Norwood Financial Corp (NASDAQ Global Market – NWFL) and its subsidiary, Wayne Bank, announced the appointment of Ronald R. Schmalzle to the Board of Directors of Norwood Financial Corp ("Norwood" or the "Company") and Wayne Bank. "I have known Ron for over 15 years and am so pleased to add his considerable expertise to the Board," said Lewis J. Critelli, Chairman of the Board of Directors for Norwood and Wayne Bank. "Ron's business acumen, long history of public service, and community insight will help us to achieve long-lasting impact within our communities." Schmalzle is currently serving his second term as a
HONESDALE, Pa., June 21, 2024 (GLOBE NEWSWIRE) -- James O. Donnelly, President and Chief Executive Officer of Norwood Financial Corp (the "Company") (NASDAQ Global Market: NWFL) and its wholly owned subsidiary Wayne Bank (the "Bank"), announced that the Board of Directors had appointed John M. McCaffery as Executive Vice President and Chief Financial Officer of the Company and the Bank, effective as of June 24, 2024, the day he commences employment with the Company. McCaffery joins the Company with over 30 years of leadership and finance experience in various financial institutions, including two stints as CFO. His most recent position was Senior Vice President and Treasurer for Metropol
HONESDALE, Pa., March 19, 2024 (GLOBE NEWSWIRE) -- Jim Donnelly, President and CEO of Wayne Bank, announced the appointment of Joseph W. Adams as Senior Vice President and Director of Wealth Management and Investment Services for Wayne Bank. Adams most recently served as Director for Norwood Financial Corp and Wayne Bank, having resigned that position during the March 19, 2024 board meeting. In his new role, Adams will provide leadership to the Bank's Wealth Management and Trust Services department and Norwood Investment Corp. Mr. Donelly stated, "Norwood Financial Corp and Wayne Bank have been fortunate to enjoy Joe's extensive experience and guidance for over nine years during his te
HONESDALE, Pa., May 03, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Norwood Financial Corp (NASDAQ Global Market – NWFL) and its subsidiary, Wayne Bank, announced the appointment of Lewis J. Critelli as Chairman of the Board of Norwood and Wayne Bank. Mr. Critelli will retire as President and Chief Executive Officer of Norwood Financial Corp and Wayne Bank on May 9 of this year and has enjoyed a long and distinguished banking career of over forty years. He joined the Bank in 1995 as Chief Financial Officer and has served as President and CEO for both the Company and the Bank since 2010. Under his leadership, the Company had three successful acquisitions and expanded into new marke
HONESDALE, Penn., April 26, 2022 (GLOBE NEWSWIRE) -- William W. Davis, Jr. has announced he is going to retire from the Board of Directors of Norwood Financial Corp (the "Company") (Nasdaq Global Market – NWFL) and its wholly owned subsidiary, Wayne Bank, effective as of the Company's Annual Meeting of Stockholders to be held on April 26, 2022. Mr. Davis is expected to be appointed as Director Emeritus following his retirement from the Boards. After a 60-year banking career, he and his wife Jessie want to spend more time going to their grandchildren's sporting events, dance recitals and other events. Bill started his career in 1962, working at Northeastern Bank of PA each summer while at
HONESDALE, Pa., Nov. 15, 2021 (GLOBE NEWSWIRE) -- On November 15, 2021, Lewis J. Critelli, President and Chief Executive Officer of Norwood Financial Corp (the "Company") (NASDAQ Global Market: NWFL), and its wholly owned subsidiary, Wayne Bank ("Bank"), announced his plans to retire as the President and Chief Executive Officer of the Company and the Bank during the first half of 2022, subject to the successful completion of a search process for a successor. Mr. Critelli joined the Bank in 1995 as Chief Financial Officer and has served as the President and Chief Executive Officer for both the Company and the Bank since 2010. Under his leadership, the Company had three successful acquisitio
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HONESDALE, Pa. and COATESVILLE, Pa., July 07, 2025 (GLOBE NEWSWIRE) -- Norwood Financial Corp ("Norwood Financial") (NASDAQ:NWFL), headquartered in Honesdale, Pennsylvania, and PB Bankshares, Inc. ("Presence") (NASDAQ:PBBK), headquartered in Coatesville, Pennsylvania, jointly announced today that both companies' boards of directors have unanimously approved an agreement and plan of merger (the "Agreement") pursuant to which Presence will merge with and into Norwood. Norwood Financial is the bank holding company for Wayne Bank, which operates 30 banking offices in Pennsylvania and New York. As of March 31, 2025, Norwood Financial had consolidated assets of $2.4 billion. Presence is the b
HONESDALE, Pa., June 18, 2025 (GLOBE NEWSWIRE) -- James O. Donnelly, President and Chief Executive Officer of Norwood Financial Corp (NASDAQ Global Market - NWFL) and its subsidiary Wayne Bank, announced that the Board of Directors has declared a $0.31 per share cash dividend, which is payable on August 1, 2025, to stockholders of record as of July 15, 2025. The $0.31 per share is a $0.01 increase over the per share dividend declared in the second quarter of 2024. Mr. Donnelly commented, "The Board is extremely pleased to provide our shareholders with this quarterly dividend. It reflects the Company's financial strength and strong capital position which has contributed to our solid perfor
HONESDALE, Pa., March 31, 2025 (GLOBE NEWSWIRE) -- James O. Donnelly, President and Chief Executive Officer of Norwood Financial Corp (NASDAQ Global Market - NWFL) and its subsidiary Wayne Bank, announced that the Board of Directors has declared a $0.31 per share cash dividend, which is payable on May 1, 2025, to stockholders of record as of April 15, 2025. The $0.31 per share is a $0.01 increase over the per share dividend declared in the first quarter of 2024. Mr. Donnelly commented, "The Board is extremely pleased to provide our shareholders with this quarterly dividend. It reflects the Company's financial strength and strong capital position which has contributed to our solid performa
HONESDALE, Pa., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Norwood Financial Corp (NASDAQ Global Market - NWFL) announced today that the dividend payment date for the fourth quarter cash dividend is February 3, 2025, not February 1, 2025, as was announced yesterday. The January 15, 2025 record date for the dividend remains the same. Norwood Financial Corp, through its subsidiary, Wayne Bank operates fifteen offices in Northeastern Pennsylvania and fourteen offices in Delaware, Sullivan, Ontario, Otsego and Yates Counties, New York. As of September 30, 2024, Norwood had total assets of $2.3 billion, loans outstanding of $1.7 billion, total deposits of $1.9 billion and total capital of $196 million.
HONESDALE, Pa., Dec. 18, 2024 (GLOBE NEWSWIRE) -- James O. Donnelly, President and Chief Executive Officer of Norwood Financial Corp (NASDAQ Global Market - NWFL) and its subsidiary Wayne Bank, announced that the Board of Directors has declared a $0.31 per share cash dividend, which is payable on February 1, 2025, to stockholders of record as of January 15, 2025. The $0.31 per share is a $0.01 increase over the per share dividend declared in the third quarter of 2024, and represents a 3.33% increase over the cash dividend declared in the fourth quarter of 2023. Mr. Donnelly commented, "The Board is extremely pleased to provide our shareholders with this quarterly dividend. It reflects the
HONESDALE, Pa., Oct. 08, 2024 (GLOBE NEWSWIRE) -- James O. Donnelly, President and Chief Executive Officer of Norwood Financial Corp (NASDAQ Global Market - NWFL) and its subsidiary Wayne Bank, announced that the Board of Directors has declared a $0.30 per share cash dividend, which is payable November 1, 2024, to shareholders of record as of October 18, 2024. The $0.30 per share equals the per share dividend declared in the second quarter of 2024 and represents a 3.5% increase over the cash dividend declared in the third quarter of 2023. Mr. Donnelly commented, "The Board is extremely pleased to provide our shareholders with this quarterly dividend. It reflects the Company'
HONESDALE, Pa., June 26, 2024 (GLOBE NEWSWIRE) -- James O. Donnelly, President and Chief Executive Officer of Norwood Financial Corp (NASDAQ Global Market - NWFL) and its subsidiary Wayne Bank, announced that the Board of Directors has declared a $0.30 per share cash dividend, which is payable August 1, 2024, to shareholders of record as of July 15, 2024. The $0.30 per share equals the per share dividend declared in the first quarter of 2024 and represents a 3.5% increase over the cash dividend declared in the second quarter of 2023. Mr. Donnelly commented, "The Board is extremely pleased to provide our shareholders with this quarterly dividend. It reflects the Company's financial strengt
HONESDALE, Pa., April 26, 2024 (GLOBE NEWSWIRE) -- The 153rd Annual Meeting of Shareholders of Norwood Financial Corp (Nasdaq-NWFL), parent company of Wayne Bank, was held in person on Tuesday, April 23, 2024, at 6th & River, Honesdale, Pennsylvania. Matters presented to, and approved by, stockholders were the re-election of company directors Lewis J. Critelli, James O. Donnelly, and Meg L. Hungerford, the ratification of S.R. Snodgrass, P.C., as the Company's independent auditors for the fiscal year ending December 31, 2024, and the approval of the Norwood Financial Corp 2024 Equity Incentive Plan. The Annual Meeting also included presentations to shareholders from President and C
HONESDALE, Pa., March 22, 2024 (GLOBE NEWSWIRE) -- James O. Donnelly, President and Chief Executive Officer of Norwood Financial Corp (NASDAQ Global Market - NWFL) and its subsidiary Wayne Bank, announced that the Board of Directors has declared a $0.30 per share quarterly cash dividend payable May 1, 2024, to shareholders of record as of April 15, 2024. The $0.30 per share represents an increase of 3.5% over the cash dividend declared in the first quarter of 2023. Mr. Donnelly commented, "The Board is extremely pleased to provide our shareholders with this quarterly cash dividend. It reflects the Company's financial strength and strong capital position which has contributed to our solid
HONESDALE, Pa., Jan. 29, 2024 (GLOBE NEWSWIRE) -- James O. Donnelly, President and Chief Executive Officer of Norwood Financial Corp (Nasdaq Global Market – NWFL), and its subsidiary Wayne Bank, announced net income for the three months ended December 31, 2023 of $355,000 compared to the net income of $7,140,000 earned in the three months ended December 31, 2022. The decrease in net income was due primarily to a $1,939,000 decrease in net interest income, and a $5,816,000 increase in the provision for credit losses. For the year ended December 31, 2023, net income totaled $16,759,000, a decrease of $12,474,000 from net income of $29,233,000 earned in year ended December 31, 2022. The decre