secwatch.observer — SEC 8-K summary
======================================

Issuer:     NORWOOD FINANCIAL CORP (NWFL)
CIK:        0001013272
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0001193125-23-194174
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013272/000119312523194174/0001193125-23-194174-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013272/000119312523194174/d537505d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-194174

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer