Norwood Financial

Norwood Financial Corp. is a bank holding company, which offers financial services and traditional banking to individual, business and government customers. It offers debit cards, savings accounts, personal loans, credit card, business lending, and wealth management. The company was founded in 1870 and is headquartered in Honesdale, PA.

Earnings data Q1 2021

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HONESDALE, Pa., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Norwood Financial Corp (NASDAQ Global Market - NWFL) announced today that the dividend payment date for the fourth quarter cash dividend is February 3, 2025, not February 1, 2025, as was announced yesterday.

Norwood Financial Corp Corrects Dividend Payment Date for Q4 Cash Dividend

HONESDALE, Pa., Dec. 18, 2024 (GLOBE NEWSWIRE) -- James O.

Norwood Financial Corp Announces Cash Dividend

HONESDALE, Pa., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Norwood Financial Corp (NASDAQ: NWFL) (“Norwood” or the “Company”) today announced the pricing of a public offering of 1,000,000 shares of its common stock, $0.10 par value (the “Common Stock”), at a public offering price of $26.00 per share, for aggregate gross proceeds of approximately $26 million.

Norwood Financial Corp Announces Pricing of Common Stock Offering

HONESDALE, Pa., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Norwood Financial Corp (NASDAQ: NWFL) (“Norwood” or the “Company”), parent company of Wayne Bank, announced today that it has launched an underwritten public offering of shares of its common stock.

Norwood Financial Corp Announces Launch of Common Stock Offering

Quarterly Highlights: Net interest margin increased 19 basis points vs. the prior quarter and 7 basis points over the prior year.

Norwood Financial Corp Announces Third Quarter 2024 Results

HONESDALE, Pa., July 26, 2024 (GLOBE NEWSWIRE) -- James O. Donnelly, President and Chief Executive Officer of Norwood Financial Corp (Nasdaq Global Market-NWFL) and its subsidiary, Wayne Bank, announced earnings for the three months ended June 30, 2024 of $4,213,000, which was $2,290,000 lower than the same three-month period of last year. The decrease includes a $717,000 decrease in net interest income, a $424,000 increase in total other income, a $506,000 increase in total other expense, and a $2,097,000 increase in the provision for credit losses. Earnings per share (fully diluted) were $0.52 in the three months ended June 30, 2024, compared to $0.81 in the same period of last year. The annualized return on average assets for the three months ended June 30, 2024, was 0.75%, while the annualized return on average tangible equity was 11.26%.

Norwood Financial Corp Announces Second Quarter Earnings

HONESDALE, Pa., July 18, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Norwood Financial Corp (NASDAQ Global Market – NWFL) and its subsidiary, Wayne Bank, announced the appointment of Ronald R. Schmalzle to the Board of Directors of Norwood Financial Corp (“Norwood” or the “Company”) and Wayne Bank.

Norwood Financial Corp and Wayne Bank Appoint Ronald R. Schmalzle as Director

James O. Donnelly, President and Chief Executive Officer of Norwood Financial Corp (the “Company”) (NASDAQ Global Market: NWFL) and its wholly owned subsid

Norwood Financial Corp Announces Appointment of John M. McCaffery as Executive Vice President and Chief Financial Officer

HONESDALE, Pa., April 26, 2024 (GLOBE NEWSWIRE) -- The 153rd Annual Meeting of Shareholders of Norwood Financial Corp (Nasdaq-NWFL), parent company of Wayne Bank, was held in person on Tuesday, April 23, 2024, at 6th & River, Honesdale, Pennsylvania.

Norwood Financial Corp Holds Annual Meeting of Shareholders

HONESDALE, Pa., April 22, 2024 (GLOBE NEWSWIRE) -- James O. Donnelly, President and Chief Executive Officer of Norwood Financial Corp (Nasdaq Global Market – NWFL) and its subsidiary, Wayne Bank, announced net income of $4,433,000 for the three months ended March 31, 2024, a decrease of $1,349,000, from net income of $5,782,000 for the three months ended March 31, 2023. The decrease was due primarily to a $1,383,000 decrease in net interest income and a $1,296,000 increase in total other expenses. Earnings per share on a fully diluted basis were $0.55 for the three-month period ended March 31, 2024, compared to $0.71 in the three-month period ended March 31, 2023. The annualized return on average assets was 0.80% in the first quarter of 2024 and the annualized return on average equity was 9.79%, compared to 1.13% and 13.61%, respectively, in the first quarter of 2023.

Norwood Financial Corp Announces First Quarter 2024 Earnings

HONESDALE, Pa., March 19, 2024 (GLOBE NEWSWIRE) -- Jim Donnelly, President and CEO of Wayne Bank, announced the appointment of Joseph W. Adams as Senior Vice President and Director of Wealth Management and Investment Services for Wayne Bank.

Joseph W. Adams Joins Wayne Bank as Senior Vice President

HONESDALE, Pa., Jan. 29, 2024 (GLOBE NEWSWIRE) -- James O. Donnelly, President and Chief Executive Officer of Norwood Financial Corp (Nasdaq Global Market – NWFL), and its subsidiary Wayne Bank, announced net income for the three months ended December 31, 2023 of $355,000 compared to the net income of $7,140,000 earned in the three months ended December 31, 2022. The decrease in net income was due primarily to a $1,939,000 decrease in net interest income, and a $5,816,000 increase in the provision for credit losses. For the year ended December 31, 2023, net income totaled $16,759,000, a decrease of $12,474,000 from net income of $29,233,000 earned in year ended December 31, 2022. The decrease includes a $6,330,000 decrease in net interest income and a $4,648,000 increase in the provision for credit losses.

Norwood Financial Corp Announces Earnings for the Fourth Quarter and 2023 Fiscal Year

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7 Upcoming Dividend Increases, Including The 'Abbott's' And A Dividend King

James O. Donnelly, President and Chief Executive Officer of Norwood Financial Corp (NASDAQ Global Market - NWFL), and its subsidiary Wayne Bank, announced

Norwood Financial Corp Increases Cash Dividend

James O. Donnelly, President and Chief Executive Officer of Norwood Financial Corp (Nasdaq Global Market-NWFL) and its subsidiary, Wayne Bank, announced e

Norwood Financial Corp Announces Third Quarter Earnings

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We invest in dividend stocks to grow passive income and eventually cover monthly expenses for early retirement. We use a stock screener to find undervalued stocks with a strong payout ratio and a history of increasing dividends. In August, we received $1,097 in dividend income, with notable contributions from National Grid and Texas Instruments.

Bert's August 2023 Dividend Income Summary

HONESDALE, Pa., Aug. 23, 2023 (GLOBE NEWSWIRE) -- Wayne Bank, a subsidiary of Norwood Financial Corp (Nasdaq Global Market – NWFL), was recently ranked by Bank Director magazine as one of the top 25 best banks in the country in their Ranking Banking, The Best US Banks 2023 publication. Wayne Bank was also ranked number ten (#10) in the country for banks in the $1B-$5B asset size category.

Wayne Bank Ranks Amongst Top Banks in Country

Norwood Financial is the holding company which owns the Wayne Bank, headquartered in Pennsylvania. The bank has just over $2B in total assets. The stock is trading at about 10 times earnings. As the current share price reflects an 80% premium over the tangible book value, I'm on the sidelines.

Norwood Financial: A Strong Q2 Thanks To A Provision Reversal

HONESDALE, Pa., July 13, 2023 (GLOBE NEWSWIRE) -- Jim Donnelly, President and Chief Executive Officer of Norwood Financial Corp (NASDAQ Global Market – NWFL) and its subsidiary, Wayne Bank, is pleased to announce that the Company has been included in the Russell 3000® Index, as part of the 2023 Russell U.S. Indexes annual reconstitution. The Russell 3000® Index encompasses and tracks the performance of the 3,000 largest traded U.S. stocks, based on market capitalization.

Norwood Financial Corp Rejoins Russell 3000® Index

HONESDALE, Pa., June 28, 2023 (GLOBE NEWSWIRE) -- American Banker has conducted its rankings of the top-performing banks of 2023. Wayne Bank, a subsidiary of Norwood Financial Corp (Nasdaq Global Market – NWFL), has been evaluated by American Banker on profitability, efficiency, capital adequacy, and asset quality based on a three-year average return. Jim Donnelly, President and Chief Executive Officer of Wayne Bank, is pleased to announce that Wayne Bank has ranked number eighty-four out of two hundred in the $2 billion to $10 billion asset size category.

Wayne Bank Ranks in Top 100 Performing Banks in U.S.

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The author's May dividend income reached $883, a 20.25% increase compared to May 2022. Banks contributed 22.4% of the May dividend income, with a total of $198.05. The AT&T dividend cut in 2021 still impacts the author's dividend income, preventing them from crossing the $1,000 mark.

Bert's May 2023 Dividend Income Summary

HONESDALE, Pa., April 28, 2023 (GLOBE NEWSWIRE) -- The 152nd Annual Meeting of Shareholders of Norwood Financial Corp (Nasdaq-NWFL), parent company of Wayne Bank, was held on Tuesday, April 25, 2023, in a virtual meeting format.

Norwood Financial Corp Holds Annual Meeting Of Shareholders

HONESDALE, Pa., April 21, 2023 (GLOBE NEWSWIRE) -- James O. Donnelly, President and Chief Executive Officer of Norwood Financial Corp (Nasdaq Global Market – NWFL) and its subsidiary, Wayne Bank, announced net income of $5,782,000 for the three months ended March 31, 2023, a decrease of $1,346,000, from net income of $7,128,000 for the three months ended March 31, 2022. The decrease was due primarily to a $1,426,000 decrease in other income. Earnings per share on a fully diluted basis were $0.71 for the three-month period ended March 31, 2023, compared to $0.87 in the three-month period ended March 31, 2022. The annualized return on average assets was 1.13% in the first quarter of 2023 and the annualized return on average equity was 13.61%, compared to 1.39% and 14.22%, respectively, in the first quarter of 2022.

Norwood Financial Corp Announces First Quarter 2023 Earnings

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Investing in dividend stocks allows you to earn dividend income, the best passive income stream. As I stated in my December 2022 post, 2022 finished off down, ending up below 3,900! The market was down 20% for 2022.

Dividend Income Summary: Lanny's February 2023 Summary

HONESDALE, Pa., Jan. 27, 2023 (GLOBE NEWSWIRE) -- James O. Donnelly, President and Chief Executive Officer of Norwood Financial Corp (Nasdaq Global Market – NWFL), and its subsidiary Wayne Bank, announced net income for the three months ended December 31, 2022 of $7,140,000 compared to the net income of $6,638,000 earned in the three months ended December 31, 2021. The increase in net income was due primarily to a $736,000 increase in net interest income. For the year ended December 31, 2022, net income totaled $29,233,000, an increase of $4,318,000 from net income of $24,915,000 earned in year ended December 31, 2021. The increase includes a $3,084,000 increase in net interest income and a $3,300,000 reduction in the provision for loan losses.

Norwood Financial Corp Announces Earnings for the Fourth Quarter And 2022 Fiscal Year

News for Norwood Financial Stock (NWFL)