secwatch.observer — SEC 8-K summary
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Issuer:     NORWOOD FINANCIAL CORP (NWFL)
CIK:        0001013272
Form:       8-K
Filed at:   2024-07-26T23:59:59+00:00
Accession:  0001193125-24-185504
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Norwood Financial Q2 EPS $0.52 vs $0.81 YoY; net interest margin down to 2.79%
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- Net income $4.213M for Q2 2024, down $2.290M from Q2 2023 due to higher provision for credit losses (+$2.097M).
- Net interest margin (fte) fell to 2.79% from 3.09% a year ago; cost of interest-bearing liabilities rose 108 bps.
- Loan growth annualized 4.9% linked quarter; total deposits declined $28M driven by seasonal municipal outflow of $53M.
- Other expenses increased $506K to $11.444M; core operating expenses held at 2% of average assets.
- Six-month EPS $1.07 vs $1.51; annualized ROA 0.78%, ROATCE 11.46%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013272/000119312524185504/0001193125-24-185504-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013272/000119312524185504/d871470d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-185504

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