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
8-K - NORWOOD FINANCIAL CORP (0001013272) (Filer)
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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
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 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., 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., 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., April 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 net income of $4,433,000 for the three months ended March 31, 2024, a decrease of $1,349,000, from net income of $5,782,000 for the three months ended March 31, 2023. The decrease was due primarily to a $1,383,000 decrease in net interest income and a $1,296,000 increase in total other expenses. Earnings per share on a fully diluted basis were $0.55 for the three-month period ended March 31, 2024, compared to $0.71 in the three-month period ended March 31, 2023. The annualized return on
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., 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., 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., 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
HONESDALE, Pa., Dec. 14, 2023 (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 declared a $0.30 per share quarterly dividend, payable February 1, 2024, to shareholders of record as of January 12, 2024. The $0.30 per share represents an increase of 3.5% over the cash dividend declared in the third quarter of this year and the fourth quarter of 2022. During 2023, total cash dividends declared were $1.17 per share, compared to the $1.13 per share declared in 2022. Mr. Donnelly commented, "The Board is extremely pleased to provide our shareh
HONESDALE, Pa., Sept. 18, 2023 (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 declared a $.29 per share cash dividend, which is payable November 1, 2023, to shareholders of record as of October 13, 2023. The $.29 per share equals the per share dividend declared in the second quarter of 2023, and represents a 3.6% increase over the cash dividend declared in the third quarter of 2022. Mr. Donnelly commented, "The Board is extremely pleased to provide our shareholders with this quarterly dividend. It reflects the Company's financial streng
HONESDALE, Pa., July 13, 2023 (GLOBE NEWSWIRE) -- Jim Donnelly, President and Chief Executive Officer of Norwood Financial Corp (NASDAQ Global Market – NWFL) and its subsidiary, Wayne Bank, is pleased to announce that the Company has been included in the Russell 3000® Index, as part of the 2023 Russell U.S. Indexes annual reconstitution. The Russell 3000® Index encompasses and tracks the performance of the 3,000 largest traded U.S. stocks, based on market capitalization. "Norwood Financial Corp is honored to be a part of the Russell 3000 Index, alongside some of the top performing companies in the U.S. This distinguished designation shows our commitment to our shareholders and is a testa
HONESDALE, Pa., June 16, 2023 (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 declared a $.29 per share cash dividend, which is payable August 1, 2023, to shareholders of record as of July 14, 2023. The $.29 per share equals the per share dividend declared in the first quarter of 2023, and represents a 3.6% increase over the cash dividend declared in the second quarter of 2022. Mr. Donnelly commented, "The Board is extremely pleased to provide our shareholders with this quarterly dividend. It reflects the Company's financial strength and
HONESDALE, Pa., April 28, 2023 (GLOBE NEWSWIRE) -- The 152nd Annual Meeting of Shareholders of Norwood Financial Corp (Nasdaq-NWFL), parent company of Wayne Bank, was held on Tuesday, April 25, 2023, in a virtual meeting format. Matters presented to, and approved by, stockholders were the re-election of company directors Joseph W. Adams, Kevin M. Lamont, Dr. Kenneth A. Phillips, and Jeffrey S. Gifford, the ratification of S.R. Snodgrass, P.C., as the Company's independent auditors for the fiscal year ending December 31, 2023, approval of a non-binding resolution on executive compensation, and the vote on the frequency of advisory votes on executive compensation every three years. The Annu
- Form S-3
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 declared a $0.30 per share quarterly dividend, payable February 1, 2024, to shareholders of record as of January 12, 2024. The $0.30 per share represents an increase of 3.5% over the cash dividend declared in the third quarter of this year and the fourth quarter of 2022. During 2023, total cash dividends declared were $1.17 per share, compared to the $1.13 per share declared in 2022. Mr. Donnelly commented, "The Board is extremely pleased to provide our shareholders with this increase in their quarterly dividend
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.
The most overbought stocks in the financial sector presents an opportunity to go short on these overvalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70. Here’s the latest list of major overbought players in this sector. Northeast Community Bancorp, Inc. (NASDAQ:NECB) NorthEast Community Bancorp announced second stock repurchase program of up to 1.509 million shares. The company’s stock has a 52
Norwood Financial (NASDAQ:NWFL) reported quarterly earnings of $0.71 per share. This is a 18.39 percent decrease over earnings of $0.87 per share from the same period last year.
Norwood Financial (NASDAQ:NWFL) reported quarterly earnings of $0.88 per share. This is a 8.64 percent increase over earnings of $0.81 per share from the same period last year.