Welcome to our dedicated page for Norwood Finl news (Ticker: NWFL), a resource for investors and traders seeking the latest updates and insights on Norwood Finl stock.
Norwood Financial Corp (NWFL) provides essential financial services through its subsidiary Wayne Bank, serving Pennsylvania and New York communities since 1871. This news hub offers investors and stakeholders centralized access to verified corporate developments and regulatory disclosures.
Track critical updates including quarterly earnings reports, strategic acquisitions, leadership appointments, and compliance filings. Our curated collection ensures transparent monitoring of NWFL's community banking operations, trust services expansion, and real estate settlement activities.
Key content categories include:
- Financial performance disclosures
- Regulatory compliance updates
- Service area expansions
- Technology implementation announcements
- Board governance changes
Bookmark this page for streamlined tracking of NWFL's evolving position in regional banking. Combine historical context with current developments to inform your analysis of this established financial institution.
Norwood Financial Corp (NASDAQ: NWFL) has announced a strategic merger with PB Bankshares, Inc. (NASDAQ: PBBK) in a transaction valued at approximately $54.9 million. The merger will combine Norwood's Wayne Bank with Presence Bank, creating a $3.0 billion-asset premier Pennsylvania community bank with expanded operations in Northeastern, Central, and Southeastern Pennsylvania.
Under the agreement, 80% of Presence shares will be converted to Norwood stock at a ratio of 0.7850 shares, while 20% will be exchanged for $19.75 in cash per share. The merger is expected to be 10% accretive to earnings per share in 2026, with a tangible book value earn-back period of 2.5 years. The transaction is anticipated to close in late Q4 2025 or early Q1 2026, subject to regulatory and shareholder approvals.
Norwood Financial Corp (NWFL) reported strong Q1 2025 results with fully diluted EPS of $0.63, marking a 14.5% increase from Q1 2024. The company achieved notable improvements in key metrics, including:
- Net income of $5.8 million, up $1.3 million year-over-year
- Net interest margin increased to 3.30% from 2.80% in Q1 2024
- Return on assets exceeded 1.00%
- Loans grew at a 13.5% annualized rate in Q1
- Total assets reached $2.376 billion, up 5.07% year-over-year
- Total deposits increased 9.00% to $2.004 billion
The company's portfolio repositioning in December 2024 has improved capital position and earnings performance, while efficiency ratio improved to 59.7% from 70.6% in Q1 2024. Tangible Book Value per share increased from $19.85 to $20.66 during the quarter.
Norwood Financial Corp (NASDAQ: NWFL) has declared a quarterly cash dividend of $0.31 per share, payable on May 1, 2025, to stockholders of record as of April 15, 2025. This represents a $0.01 increase from the first quarter of 2024 dividend.
The company, operating through its subsidiary Wayne Bank, maintains 15 offices in Northeastern Pennsylvania and 14 offices across Delaware, Sullivan, Ontario, Otsego, and Yates Counties, New York. As of December 31, 2024, Norwood reported:
- Total assets: $2.317 billion
- Outstanding loans: $1.693 billion
- Total deposits: $1.859 billion
- Total capital: $214 million
Norwood Financial Corp (Nasdaq: NWFL) announced that Susan Campfield will retire from the Board of Directors of both Norwood Financial Corp and Wayne Bank, effective February 18, 2025. Campfield has served on the board for 19 years since 2006, bringing valuable expertise from her 33-year tenure as President and CEO of Gumble Brothers, Inc., a Pennsylvania-based building material supplier.
During her directorship, Campfield contributed significant knowledge of the local construction market and business opportunities. Wayne Bank, a subsidiary of Norwood Financial Corp, operates thirty offices throughout Northeastern Pennsylvania and Upstate New York, including locations under the Bank of Cooperstown and Bank of the Finger Lakes brands.
Norwood Financial Corp (NWFL) reported Q4 and full-year 2024 results, highlighting a strategic capital raise and investment portfolio repositioning. The company incurred a one-time $20 million loss from securities sales, resulting in a Q4 net loss of $12.7 million and full-year net loss of $160,000 (-$0.02 per diluted share), compared to net income of $16.8 million ($2.07 per diluted share) in 2023.
Key metrics include: net interest margin increased to 3.04% in Q4 2024 (vs 2.93% in Q4 2023), loans grew at 9% annualized rate in Q4, and total assets reached $2.317 billion. The company's adjusted Q4 net income (excluding the one-time loss) was $3.119 million, with adjusted EPS of $0.38. Tangible Common Equity improved to 8.05% from 6.98% year-over-year.
Norwood Financial Corp (NASDAQ: NWFL) has issued a correction regarding its fourth quarter cash dividend payment date. The payment will occur on February 3, 2025, instead of February 1, 2025, as previously announced. The record date remains January 15, 2025.
The company operates through Wayne Bank with 15 offices in Northeastern Pennsylvania and 14 offices across Delaware, Sullivan, Ontario, Otsego, and Yates Counties, New York. As of September 30, 2024, Norwood reported $2.3 billion in total assets, $1.7 billion in loans, $1.9 billion in deposits, and $196 million in total capital.
Norwood Financial Corp (NASDAQ: NWFL) has declared a quarterly cash dividend of $0.31 per share, payable on February 1, 2025, to stockholders of record as of January 15, 2025. This represents a $0.01 increase from the previous quarter and a 3.33% increase year-over-year.
The company, operating through Wayne Bank, maintains 29 offices across Northeastern Pennsylvania and New York. As of September 30, 2024, Norwood reported total assets of $2.3 billion, loans of $1.7 billion, deposits of $1.9 billion, and total capital of $196 million.
Norwood Financial Corp (NASDAQ: NWFL) has announced the pricing of a public offering of 1,000,000 shares of common stock at $26.00 per share, targeting aggregate gross proceeds of approximately $26 million. The company has also granted underwriters a 30-day option to purchase up to 150,000 additional shares, which could increase total proceeds to $30 million if fully exercised.
The offering is expected to close around December 19, 2024. The proceeds will be used to support bank subsidiary capital ratios, reposition debt securities portfolio, fund general corporate purposes, stock repurchases, and potential acquisitions. Piper Sandler & Co. is serving as lead book-running manager, with Janney Montgomery Scott as joint book-running manager.
Norwood Financial Corp (NASDAQ: NWFL) has announced the launch of an underwritten public offering of its common stock. The company will grant underwriters a 30-day option to purchase additional shares. The net proceeds will be used to:
- Support bank subsidiary capital ratios through debt securities portfolio repositioning
- General corporate purposes
- Common stock repurchases
- Potential acquisitions of institutions or branches
Piper Sandler & Co. is serving as lead book-running manager, with Janney Montgomery Scott as joint book-running manager. The offering is being made through a Form S-3 registration statement that became effective on July 11, 2024.
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