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 (NASDAQ: NWFL) generates a steady flow of news through its role as a regional bank holding company and parent of Wayne Bank. Company press releases and SEC filings show that Norwood regularly announces quarterly and year-to-date financial results, dividend declarations, merger developments and changes in board leadership, making its news feed a key resource for tracking developments at this community banking organization.
Investors following NWFL news can expect detailed earnings announcements covering net interest income, net interest margin, loan and deposit growth, efficiency ratio, and capital measures for periods such as the three and six months ended June 30, 2025 and the three and nine months ended September 30, 2025. Norwood typically pairs these releases with webcasts and conference calls, and it furnishes the related materials in current reports on Form 8-K.
Norwood’s news also highlights dividend actions, with press releases and Form 8-K filings describing quarterly cash dividends on its common stock, including the per-share amount, record date and payment date. These items provide insight into the company’s capital management and cash returns to shareholders. In addition, the company issues governance-related news, such as the retirement of its Chairman of the Board, the appointment of a new Chairman and Vice Chairman, and the addition of new directors to the boards of Norwood and Wayne Bank.
A significant stream of recent news concerns Norwood’s acquisition of PB Bankshares, Inc. and Presence Bank. The company and PB Bankshares jointly announced the merger agreement, described the transaction structure and expected ownership mix, reported receipt of final regulatory approvals, and later confirmed completion of the acquisition and the merger of Presence Bank into Wayne Bank. These updates explain how the transaction extends Norwood’s footprint into additional Pennsylvania counties and integrates PB Bankshares’ leadership into Norwood’s management and boards.
By reviewing NWFL news, readers can follow Norwood Financial’s financial performance, dividend history, strategic expansion through mergers, and board-level changes, all based on information the company has publicly released through press announcements and SEC-referenced communications.
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.
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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