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 (NWFL) reported Q2 2024 earnings of $4,213,000, a decrease of $2,290,000 compared to Q2 2023. Earnings per share (EPS) were $0.52, down from $0.81 in the same period last year. The decline was attributed to a $717,000 decrease in net interest income, a $506,000 increase in total other expense, and a $2,097,000 increase in the provision for credit losses. For the first half of 2024, net income was $8,646,000, with EPS at $1.07. The company's total assets reached $2.235 billion as of June 30, 2024. The net interest margin decreased to 2.79% from 3.09% in Q2 2023, primarily due to increased costs of deposits and borrowed funds.
Norwood Financial Corp (NASDAQ: NWFL) and its subsidiary, Wayne Bank, have appointed Ronald R. Schmalzle to their Board of Directors. Schmalzle, currently serving his second term as a Pike County Commissioner, brings extensive business and public service experience to the role. He is the President, Co-Owner, and General Manager of Recreation Management Corp, which operates several recreation-based businesses in the Pocono Mountains.
Schmalzle's appointment is expected to contribute valuable insights to the company's community impact and business strategies. His diverse background includes board experience with various local organizations and a history of involvement in youth sports. The addition of Schmalzle to the board is seen as a strategic move to enhance Norwood's leadership and community engagement.
Norwood Financial Corp (NASDAQ: NWFL) announced a $0.30 per share cash dividend, payable on August 1, 2024, to shareholders of record as of July 15, 2024. This dividend maintains the amount declared in the first quarter of 2024 and marks a 3.5% increase over the second quarter of 2023. The dividend reflects the company’s strong financial position and overall performance. Norwood Financial, through Wayne Bank, operates in various regions of Pennsylvania and New York. As of March 31, 2024, Norwood's assets totaled $2.260 billion, with loans of $1.621 billion, deposits of $1.839 billion, and total capital of $181.2 million.
Norwood Financial Corp (NASDAQ: NWFL) announced the appointment of John M. McCaffery as Executive Vice President and Chief Financial Officer, effective June 24, 2024. McCaffery brings over 30 years of leadership experience, most recently serving as SVP and Treasurer at Metropolitan Commercial Bank. He has a strong background in capital raising, M&A, regulatory compliance, and team development. Current CFO William S. Lance will transition to Chief Strategic Officer until his retirement on August 2, 2024. Norwood Financial Corp operates 30 offices across Pennsylvania and New York.
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