---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-194174"
form_type: "8-K"
ticker: "NWFL"
cik: "0001013272"
company_name: "NORWOOD FINANCIAL CORP"
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:06:21.833936+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Norwood Financial Q2 EPS falls to $0.81; net interest margin shrinks to 3.09%

## Summary
- Net income $6.503M ($0.81 diluted EPS) vs $6.855M ($0.84) in Q2 2022, down $352K.
- Net interest margin (fte) 3.09% vs 3.49% YoY; cost of interest-bearing liabilities up 167 bps to 2.01%.
- Provision for credit losses decreased $2.05M from prior year, benefiting from CECL methodology.
- Other income fell $706K to $1.783M, including a $212K loss on sale of investment securities.
- Loan growth 10.9% annualized in Q2; total deposits decreased $27.2M, primarily municipal accounts.

## SEC filing metadata
- accession: 0001193125-23-194174
- form_type: 8-K
- ticker: NWFL
- cik: 0001013272
- company_name: NORWOOD FINANCIAL CORP
- filed_at: 2023-07-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1013272/000119312523194174/0001193125-23-194174-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013272/000119312523194174/d537505d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-194174
- JSON: https://secwatch.observer/filing/0001193125-23-194174.json
- Plain text: https://secwatch.observer/filing/0001193125-23-194174.txt

## Key facts
- Earnings Releases
  NORWOOD FINANCIAL CORP reported the six months ended June 30, 2023 results: net income $12,285,000, EPS $1.51.
  - Period: the six months ended June 30, 2023
  - Net income: $12,285,000
  - EPS: $1.51
  - Result: reported results
  source text: Net income for the six months ended June 30, 2023, was $12,285,000, which is $1,698,000 lower than the same six-month period of 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1013272/000119312523194174/0001193125-23-194174-index.htm
- Earnings Releases
  NORWOOD FINANCIAL CORP reported the quarter ended June 30, 2023 results: net income $6,503,000, EPS $0.81.
  - Period: the quarter ended June 30, 2023
  - Net income: $6,503,000
  - EPS: $0.81
  - Result: reported results
  source text: On July 26, 2023, Norwood Financial Corp (the “Company”) issued a press release announcing its earnings for the quarter ended June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1013272/000119312523194174/0001193125-23-194174-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.