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 (Nasdaq-NWFL) held its 151st Annual Meeting of Stockholders on April 26, 2022, in a virtual format. Key approvals included the re-election of directors and the ratification of independent auditors for the 2022 fiscal year. The meeting featured financial highlights from 2021, with record earnings of $24.9 million and first-quarter 2022 earnings of $7.1 million. The company's total assets reached $2.1 billion, with loans and deposits of $1.4 billion and $1.8 billion, respectively. Additionally, a stock repurchase program for up to 5% of outstanding shares was announced.
William W. Davis, Jr. will retire from the Board of Directors of Norwood Financial Corp (Nasdaq: NWFL) and its subsidiary, Wayne Bank, effective April 26, 2022. With a 60-year banking career, he plans to spend more time with his family. Davis's banking journey began in 1962, leading to various leadership roles, culminating in his position as Chairman of the Board. He expressed gratitude to colleagues and customers for their support throughout his career. Norwood Financial operates numerous offices in Pennsylvania and New York, with stock trading under NWFL.
Norwood Financial Corp (NWFL) reported record earnings of $7,128,000 for Q1 2022, a 28.6% increase from $5,542,000 in Q1 2021. Earnings per share rose to $0.87 from $0.67, with a 1.39% return on average assets and 14.22% return on average equity. Total assets grew to $2.078 billion, and loans increased by 7.7% annually. However, net interest spread decreased to 3.22% from 3.46%.
Other income surged to $3,338,000 due to gains from impaired loans and property sales. Operating expenses rose 7.5% to $10,157,000.
Norwood Financial Corp announced that James O. Donnelly will become President and CEO effective early May 2022, succeeding Lewis J. Critelli, who will retire after a successor search. Donnelly brings over 30 years of banking experience, previously serving as Executive VP and Chief Commercial Officer at Bangor Savings Bank. He holds an MBA and has extensive leadership skills in commercial lending and financial management. The company operates numerous offices across Pennsylvania and New York, with its stock trading under the symbol NWFL.
Norwood Financial Corp (NASDAQ: NWFL) has declared a quarterly cash dividend of $0.28 per share, reflecting a 7.7% increase over the prior year's first quarter dividend. The dividend is payable on May 2, 2022, to stockholders of record as of April 14, 2022. CEO Lewis J. Critelli highlighted the company's financial strength and solid performance as driving factors for this distribution. As of December 31, 2021, Norwood had total assets of $2.069 billion and total stockholders' equity of $205.3 million.
Norwood Financial Corp (NWFL) reported strong earnings for Q4 2021, with a net income of $6,638,000, up from $5,513,000 in Q4 2020. Annual net income totaled $24,915,000, an increase of $9,835,000 year-over-year, boosted by the acquisition of UpState New York Bancorp and over $4.5 million from PPP loans. Earnings per share rose to $0.81 for Q4 and $3.04 for the year. The company also declared a $0.28 dividend per share, reflecting a 7.7% increase. Total assets reached $2.069 billion, with a return on average assets of 1.24% for the year.
Norwood Financial Corp (NASDAQ: NWFL) announced a quarterly dividend of $0.28 per share, payable on February 1, 2022, to shareholders of record as of January 14, 2022. This marks a 7.7% increase from previous dividends and reflects the company’s financial strength and solid performance. In total, Norwood declared $1.06 in cash dividends for 2021, up from $1.01 in 2020. The announcement celebrates the company’s 30th consecutive year of dividend increases, emphasizing its robust capital position and operational resilience.
On November 15, 2021, Norwood Financial Corp (NASDAQ: NWFL) announced that CEO Lewis J. Critelli will retire in the first half of 2022 following a successor search. Critelli has been with the company since 1995 and has led significant growth, increasing total assets from $529 million to over $2 billion as of September 30, 2021. The Board is collaborating with Kaplan Partners for a smooth leadership transition, expected to conclude by June 30, 2022. Critelli will remain a director until 2024.
Norwood Financial Corp. (NWFL) reported a strong financial performance for Q3 2021, with earnings of $6.98 million, up 39.6% from $5 million in Q3 2020, driven by a $1.7 million rise in net interest income. Fully diluted EPS increased to $0.85 from $0.62. Net income for the nine months ended September 30, 2021, surged 91.1% to $18.28 million, largely due to the acquisition of UpState New York Bancorp. Total assets rose to $2.054 billion, while loans decreased by $43.7 million. The company successfully managed expenses, reporting $9.59 million for Q3, with significant growth in deposits influenced by economic stimulus funding.
Norwood Financial Corp (NWFL) has declared a cash dividend of $.26 per share, payable on November 1, 2021, to shareholders of record as of October 15, 2021. This dividend matches the previous quarter's payment and represents a 4.0% increase from the same period in 2020. CEO Lewis J. Critelli emphasized the company's robust financial strength and capital position that supports this dividend.
As of June 30, 2021, Norwood's total assets stood at $2.0 billion, with loans outstanding at $1.4 billion and total deposits of $1.7 billion.