Norwood Financial (NASDAQ:NWFL) reported quarterly earnings of $0.51 per share. This is a 49 percent decrease over earnings of $1.00 per share from the same period last year. The company reported $17.34 million in sales this quarter. This is a 14.76 percent decrease over sales of $20.35 million the same period last year.
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8-K - NORWOOD FINANCIAL CORP (0001013272) (Filer)
10-Q - NORWOOD FINANCIAL CORP (0001013272) (Filer)
8-K - NORWOOD FINANCIAL CORP (0001013272) (Filer)
Quarterly Highlights: Net interest margin increased 19 basis points vs. the prior quarter and 7 basis points over the prior year.Loans grew at an 8% annualized rate during the 3rd quarter.Capital continues to improve as the negative mark-to-market effect lessens 42% since last year. HONESDALE, Pa., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Norwood Financial Corp (Nasdaq Global Market-NWFL) and its subsidiary, Wayne Bank, announced earnings for the three months ended September 30, 2024 of $3.8 million, which was $275 thousand lower than the same three-month period of last year. Net interest income was up by $892 thousand which was offset by increases in operating expense and the provi
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., July 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 earnings for the three months ended June 30, 2024 of $4,213,000, which was $2,290,000 lower than the same three-month period of last year. The decrease includes a $717,000 decrease in net interest income, a $424,000 increase in total other income, a $506,000 increase in total other expense, and a $2,097,000 increase in the provision for credit losses. Earnings per share (fully diluted) were $0.52 in the three months ended June 30, 2024, compared to $0.81 in the same period of last year. The
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)
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., 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