secwatch.observer — SEC 8-K summary
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Issuer:     NORWOOD FINANCIAL CORP (NWFL)
CIK:        0001013272
Form:       8-K
Filed at:   2025-01-28T23:59:59+00:00
Accession:  0001193125-25-013534
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Norwood Financial posts Q4 net loss of $12.7M on $20M securities repositioning loss, NIM expands 11 bps
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- Net loss of $12.7M (-$1.54 diluted EPS) for Q4 2024 vs net income of $355k in Q4 2023; full-year net loss $160k.
- One-time $20M loss on sale of securities in December to reposition investment portfolio for higher future yields.
- Net interest margin (fte) improved to 3.04% in Q4 2024 from 2.93% in Q4 2023; net interest income up $1.3M YoY.
- Loans grew at 9% annualized rate in Q4; tangible common equity rose to 8.05% from 6.98% after capital raise.
- Total assets $2.317B, loans $1.693B, deposits $1.859B as of Dec 31, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013272/000119312525013534/0001193125-25-013534-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013272/000119312525013534/d872079d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-013534

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