secwatch.observer — SEC 8-K summary
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Issuer:     NORWOOD FINANCIAL CORP (NWFL)
CIK:        0001013272
Form:       8-K
Filed at:   2024-01-29T23:59:59+00:00
Accession:  0001193125-24-017546
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013272/000119312524017546/0001193125-24-017546-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013272/000119312524017546/d656008d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-017546

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