Norwood Financial Q3 EPS $0.51 vs $1.00; net interest margin falls to 2.94%

NORWOOD FINANCIAL CORP

2023-Q3 EPS reported $2.03 revenue$5,325,000

Net income $4.119M vs $8.109M YoY, down 49.2%.
EPS (diluted) $0.51 vs $1.00 YoY; annualized ROAA 0.76% vs 1.57%.
Net interest margin (fte) 2.94% vs 3.74% YoY; net interest income down $3.1M.
Provision for credit losses $882K vs $0; includes a $2.0M charge-off on one large commercial relationship.
Total assets $2.179B, deposits $1.747B, stockholders' equity $164.7M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NORWOOD FINANCIAL CORP reported three and nine months ended September 30, 2023 results: net income $4,119,000, EPS $0.51.

Period: three and nine months ended September 30, 2023
Net income: $4,119,000
EPS: $0.51
Result: reported results

Exact text from the filing

announced earnings for the three months ended September 30, 2023 of $4,119,000

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3 earnings releases filed in the last 30 days. Browse all earnings releases →

NORWOOD FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0001193125-23-261223

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