Norwood Finl Stock Price, News & Analysis

Norwood Financial Corp (Nasdaq: NWFL) reported net income of $5.78 million for Q1 2023, a decrease of $1.35 million from Q1 2022. This decline is primarily attributed to a $1.43 million decrease in other income. Earnings per share were $0.71, down from $0.87 a year earlier. The annualized return on average assets was 1.13% and on average equity was 13.61%, both lower compared to 1.39% and 14.22% in the previous year. Total assets grew to $2.104 billion, with loans of $1.536 billion and deposits of $1.756 billion. The net interest income slightly decreased to $16.28 million, with a narrower annualized net interest spread of 2.83%. Operating expenses rose 2.7% to $10.44 million, influenced by the new CECL accounting standard, which increased the allowance for credit losses by $2.22 million.

Norwood Financial Corp (NASDAQ - NWFL) announced a quarterly cash dividend of $0.29 per share, payable on May 1, 2023, to shareholders of record as of April 14, 2023. This dividend marks a 3.6% increase from the same period last year. CEO James O. Donnelly emphasized the dividend reflects the company’s financial strength and solid performance. As of December 31, 2022, Norwood reported total assets of $2.047 billion, loans of $1.474 billion, and total deposits of $1.728 billion, maintaining strong capital position.

Norwood Financial Corp (NWFL) reported net income of $7.14 million for Q4 2022, up from $6.64 million in Q4 2021, driven by a $736,000 rise in net interest income. For the full year 2022, net income reached $29.23 million, an increase of $4.32 million compared to $24.92 million in 2021, with earnings per share (EPS) rising to $3.58 from $3.05. Total assets were $2.047 billion, and loans receivable rose by $119 million. A decrease in stockholders' equity by $38.2 million is attributed to lower securities value due to rising interest rates. Other expenses increased 6.3% year-over-year.

Norwood Financial Corp (NASDAQ: NWFL) announced a quarterly dividend of $0.29 per share, marking a 3.6% increase from the previous quarter's dividend. This dividend, payable on February 1, 2023, will benefit shareholders of record as of January 13, 2023. In 2022, total cash dividends declared reached $1.13 per share, higher than $1.06 in 2021, reflecting the company's strong financial performance. Notably, 2022 celebrates the thirty-first consecutive year of dividend increases for Norwood.

Norwood Financial Corp. (NWFL) reported third-quarter earnings of $8,109,000, a 16.2% increase from $6,981,000 in 2021, driven by a $1.2 million rise in net interest income and a $750,000 drop in loan loss provisions. Earnings per share rose to $1.00 from $0.85. For the first nine months, net income reached $22,093,000, up 20.9%, with a 3.74% net interest margin for Q3. Total assets were $2.019 billion.

Mr. Donnelly highlighted improved credit metrics and strong performance indicators, supporting future growth prospects.

Norwood Financial Corp (NASDAQ - NWFL) announced a quarterly cash dividend of $0.28 per share, payable on November 1, 2022 to shareholders of record by October 14, 2022. This dividend remains consistent with the previous quarter, marking a 7.7% increase from the same quarter in 2021. President James O. Donnelly emphasized that the dividend reflects the company’s financial strength and strong capital position, supported by total assets of $2.066 billion and total capital of $173.8 million as of June 30, 2022.

Norwood Financial Corp (NWFL) reported a 19.1% increase in earnings for Q2 2022, totaling $6,855,000, boosted by a $841,000 increase in net interest income and a $1,200,000 decrease in loan loss provisions. Earnings per share rose to $0.84, up from $0.70 year-over-year. For H1 2022, net income reached $13,983,000, a $2,687,000 increase from 2021. Total assets were $2.066 billion, with an annualized return on average assets at 1.37%.

Norwood Financial Corp (NWFL) announced a cash dividend of $.28 per share, payable on August 1, 2022, to shareholders of record by July 15, 2022. This dividend remains consistent with the previous quarter's payout but marks a 7.7% increase from the same period in 2021. CEO James O. Donnelly expressed confidence in the company's financial strength and capital position as contributing factors to this decision. As of March 31, 2022, Norwood's total assets were $2.078 billion, with loans of $1.372 billion and deposits totaling $1.782 billion.