Norwood Finl Stock Price, News & Analysis

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.

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.