Norwood Finl Stock Price, News & Analysis

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.

Norwood Financial Corp (NWFL) reported Q3 2024 earnings of $3.8 million ($0.48 per share), down from the same period last year. Net interest income increased by $892 thousand, offset by higher operating expenses and credit loss provisions. The company's net interest margin rose to 2.99%, up 19 basis points from the previous quarter and 7 basis points year-over-year. Total assets reached $2.280 billion, with loans at $1.675 billion and deposits at $1.855 billion. Loans grew at an 8% annualized rate during Q3, while capital improved as the negative mark-to-market effect decreased 42% since last year.

Norwood Financial Corp (NASDAQ: NWFL) has declared a $0.30 per share cash dividend, payable on November 1, 2024, to shareholders of record as of October 18, 2024. This dividend equals the previous quarter's and represents a 3.5% increase from the third quarter of 2023. President and CEO James O. Donnelly stated that this reflects the company's financial strength and strong capital position.

As of June 30, 2024, Norwood Financial Corp reported:

• Total assets: $2.235 billion
• Loans outstanding: $1.641 billion
• Total deposits: $1.811 billion
• Total capital: $182.2 million

The company operates 15 offices in Northeastern Pennsylvania and 14 offices across various counties in New York through its subsidiary, Wayne Bank.