secwatch.observer — SEC 8-K summary
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Issuer:     NORWOOD FINANCIAL CORP (NWFL)
CIK:        0001013272
Form:       8-K
Filed at:   2024-04-22T23:59:59+00:00
Accession:  0001193125-24-103920
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Norwood Financial Q1 net income falls 23% to $4.4M; EPS $0.55 vs $0.71
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- Net income of $4.4M, down 23% YoY; diluted EPS $0.55 vs $0.71.
- Net interest income (fte) fell to $14.9M from $16.3M; spread narrowed to 2.07% from 2.83%.
- Total assets grew to $2.260B; loans annualized growth 4.5%, deposits 9.8%.
- Provision for credit losses decreased $924,000 on lower NPLs and charge-offs.
- CEO cites pressure on net interest income from rising deposit costs; capital remains well-capitalized.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013272/000119312524103920/0001193125-24-103920-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013272/000119312524103920/d811572d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-103920

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