Norwood Financial reports Q1 2024 net income $4.4M, EPS $0.55

NORWOOD FINANCIAL CORP

2024-Q1 EPS reported $0.55 revenue$1,711,000

Q1 2024 earnings $4.4M, diluted EPS $0.55; assets $2.3B, loans $1.6B, deposits $1.8B.
Loan growth 4.5% annualized, deposit growth 9.8% annualized, NIM 2.79%.
Shareholders re-elected directors Critelli, Donnelly, Hungerford; approved 2024 Equity Incentive Plan.
Ratified S.R. Snodgrass, P.C. as independent auditor for FY2024.
2023 highlights cited: loan growth 8.8%, deposit growth 3.9%, increased cash dividends.

item 5.07 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

NORWOOD FINANCIAL CORP shareholders approved Election of Directors at the 2024-04-23 meeting.

Proposal: director election
Outcome: passed
Meeting: 2024-04-23

Exact text from the filing

Election of Directors; Nominee For Withheld Broker Non-Vote James O. Donnelly 4,447,092 78,173 1,787,445 Lewis J. Critelli 3,905,914 619,351 1,787,445 Meg L. Hungerford 4,411,821 113,444 1,787,445

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

NORWOOD FINANCIAL CORP shareholders approved Ratification of appointment of S.R. Snodgrass, P.C. as independent auditors for the fiscal year ending December 31, 2024 at the 2024-04-23 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2024-04-23

Exact text from the filing

Ratification of appointment of S.R. Snodgrass, P.C. as independent auditors for the fiscal year ending December 31, 2024; For Against Abstain 6,058,592 31,031 223,087

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

NORWOOD FINANCIAL CORP shareholders approved Approval of the Norwood Financial Corp 2024 Equity Incentive Plan at the 2024-04-23 meeting.

Proposal: equity plan
Outcome: passed
Meeting: 2024-04-23

Exact text from the filing

Approval of the Norwood Financial Corp 2024 Equity Incentive Plan; For Against Abstain 4,203,841 262,203 59,221

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210 shareholder votes filed in the last 30 days. Browse all shareholder votes →

NORWOOD FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0001193125-24-116054

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