earnings
confidence high
sentiment neutral
materiality 0.65
Norwood Financial Q3 EPS $0.48; NIM up to 2.99%; loans grow 8% annualized
NORWOOD FINANCIAL CORP
2024-Q3 EPS reported
$1.55
revenue$5,466,000
- Net income $3.8M vs $4.0M in Q3 2023; diluted EPS $0.48 vs $0.51.
- Net interest margin (fte) 2.99%, up 19 bps from prior quarter and 7 bps YoY.
- Loans grew 8% annualized in Q3 to $1.675B; total assets $2.280B.
- Capital improvement: negative mark-to-market effect on securities down 42% vs last year.
- Credit quality metrics remain strong; provision for credit losses increased due to loan growth.