---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-017546"
form_type: "8-K"
ticker: "NWFL"
cik: "0001013272"
company_name: "NORWOOD FINANCIAL CORP"
filed_at: "2024-01-29T23:59:59+00:00"
generated_at: "2026-06-06T15:40:47.746660+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Norwood Financial Q4 earnings collapse on $6.1M provision; EPS $0.04, down from $0.88

## Summary
- Net income Q4 2023 $355K vs $7.14M in Q4 2022; full year $16.8M vs $29.2M.
- EPS (diluted) Q4 $0.04 vs $0.88; full year $2.07 vs $3.58.
- Provision for credit losses Q4 $6.1M vs $300K; FY $5.5M vs $900K, driven by $4.8M charge-offs on one credit.
- Net interest income (fte) Q4 $15.5M (-$1.9M YoY); FY $62.8M (-$6.3M YoY) from rising funding costs.
- Loans grew 8.8% to $1.60B; deposits up 3.9% to $1.80B; dividend raised 3.5% to $0.30/share.

## SEC filing metadata
- accession: 0001193125-24-017546
- form_type: 8-K
- ticker: NWFL
- cik: 0001013272
- company_name: NORWOOD FINANCIAL CORP
- filed_at: 2024-01-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1013272/000119312524017546/0001193125-24-017546-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013272/000119312524017546/d656008d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-017546
- JSON: https://secwatch.observer/filing/0001193125-24-017546.json
- Plain text: https://secwatch.observer/filing/0001193125-24-017546.txt

## Key facts
- Earnings Releases
  NORWOOD FINANCIAL CORP reported year ended December 31, 2023 results: net income $16,759,000, EPS $2.07.
  - Period: year ended December 31, 2023
  - Net income: $16,759,000
  - EPS: $2.07
  - Result: reported results
  source text: For the year ended December 31, 2023, net income totaled $16,759,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1013272/000119312524017546/0001193125-24-017546-index.htm
- Earnings Releases
  NORWOOD FINANCIAL CORP reported three months ended December 31, 2023 results: net income $355,000, EPS $0.04.
  - Period: three months ended December 31, 2023
  - Net income: $355,000
  - EPS: $0.04
  - Result: reported results
  source text: net income for the three months ended December 31, 2023 of $355,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1013272/000119312524017546/0001193125-24-017546-index.htm

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