Highest-materiality recent filing
Norwood Financial reports record Q2 net income of $9.3M; NIM expands to 3.90%
Record net income $9.3M, diluted EPS $0.86 vs $0.67 prior year; record net interest income $26.8M.
Norwood Financial discloses $22M loan exposure to bankrupt borrowers
Two customers filed personal and corporate Chapter 11 bankruptcy in June 2026.
Norwood Financial Q1 net income $3.73M, EPS $0.35; closed Presence Bancshares acquisition
Record net interest income $24.6M; NIM 3.68% vs 3.30% YoY; net interest spread 3.04%.
Norwood Financial closes PB Bankshares acquisition for $58.3M; pro forma EPS $2.08 for 9M 2025
Acquisition closed Jan 5, 2026; 80% stock (0.7850x NWFL shares) and 20% cash ($19.75/sh) consideration.
Norwood Financial reports Q4 net income $7.4M ($0.81 EPS); closes Presence Bank acquisition
Q4 net income of $7.4M ($0.81 diluted EPS) vs net loss of $12.7M ($-1.54) in Q4 2024.
Norwood Financial completes acquisition of PB Bankshares; $456M in assets added
Each PB Bankshares share converted to $19.75 cash or 0.7850 shares of NWFL; total consideration ~$10.5M cash + 1.67M NWFL shares.
Norwood Financial Q3 net income $8.3M, EPS $0.89 (+85% YoY); NIM expands to 3.63%
Diluted EPS of $0.89 vs $0.48 in Q3 2024; adjusted EPS of $0.94 excluding merger charges.
Norwood Financial Q2 net income $6.2M, EPS $0.67, up 29% YoY; NIM expands to 3.43%
Q2 net income $6.2M vs $4.2M a year ago; diluted EPS $0.67 vs $0.52, a 29% increase.
Norwood Financial to acquire PB Bankshares for ~$54.9M in stock/cash mix
80% stock (0.7850 NWFL shares) or $19.75 cash per PBBK share; total consideration ~$54.9M.
Norwood Financial Q1 EPS $0.63, up 14.5% YoY; NIM expands 11 bps YoY
Diluted EPS $0.63 vs $0.55 in Q1 2024, a 14.5% increase.
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.
Norwood Financial completes sale of additional 150,000 shares in underwritten offering
Underwriters exercised option for 150,000 shares at $26.00 per share, closed Dec 23, 2024.
Norwood Financial completes $30M stock offering; plans bond repositioning at ~5% yield
Issued over 1M new common shares, generating ~$30M in gross proceeds.
Norwood Financial Corp prices 1M-share public offering at $26.00 for ~$26M gross
Offering of 1,000,000 shares at $26.00 per share; net proceeds ~$24.4M after discounts and expenses.
Norwood Financial Q3 EPS $0.48; NIM up to 2.99%; loans grow 8% annualized
Net income $3.8M vs $4.0M in Q3 2023; diluted EPS $0.48 vs $0.51.
Norwood Financial Q2 EPS $0.52 vs $0.81 YoY; net interest margin down to 2.79%
Net income $4.213M for Q2 2024, down $2.290M from Q2 2023 due to higher provision for credit losses (+$2.097M).
Norwood Financial names John McCaffery as CFO; outgoing CFO Lance to retire Aug 2
John McCaffery appointed EVP and CFO effective June 24, 2024; 30 yrs finance experience, former CFO at Newtek Bank and Bridge Bancorp.
Norwood Financial reports Q1 2024 net income $4.4M, EPS $0.55
Q1 2024 earnings $4.4M, diluted EPS $0.55; assets $2.3B, loans $1.6B, deposits $1.8B.
Norwood Financial Q1 net income falls 23% to $4.4M; EPS $0.55 vs $0.71
Net income of $4.4M, down 23% YoY; diluted EPS $0.55 vs $0.71.
Norwood Financial Q4 earnings collapse on $6.1M provision; EPS $0.04, down from $0.88
Net income Q4 2023 $355K vs $7.14M in Q4 2022; full year $16.8M vs $29.2M.
On February 18, 2025, Norwood Financial Corp (the “Company”) announced that Susan Campfield retired from the Board of Directors of the Company and its wholly-owned subsidiary, Wayne Bank.
On July 16, 2024, Ronald R. Schmalzle was appointed to the Boards of Directors of the Company and its principal subsidiary, Wayne Bank (the “Bank”).
William S. Lance, previously Executive Vice President and Chief Financial Officer, resigned his position as Chief Financial Officer and has been appointed Executive Vice President and Chief Strategic Officer until his retirement on August 2, 2024.
the Board of Directors had appointed John M. McCaffery as Executive Vice President and Chief Financial Officer of the Company, and its wholly owned subsidiary, Wayne Bank (the “Bank”), effective as of June 24, 2024.
On March 19, 2024, Joseph W. Adams resigned from the Board of Directors of Norwood Financial Corp (the “Company”) and its wholly-owned subsidiary, Wayne Bank (the “Bank”), in order to take an employment position with the Bank.
William S. Lance, Executive Vice President and Chief Financial Officer of the Company and its subsidiary, Wayne Bank, will retire effective as of August 2, 2024.
Robert J. Mancuso will retire as Executive Vice President and Chief Operating Officer of the Company and Wayne Bank, effective as of December 31, 2023.
As of June 30, 2022, Mr. Critelli retired as an employee of the Company and Wayne Bank, the Company’s wholly-owned subsidiary (the “Bank”).
James O. Donnelly, President and Chief Executive Officer of the Company, was appointed as a director
fill the vacancy created by the retirement of William W. Davis, Jr.
Lewis J. Critelli will retire as President and Chief Executive Officer of the Company and Wayne Bank (the “Bank”), effective as of May 9, 2022; and (ii) Mr. Critelli has been appointed Chairman of the Board of the Company and the Bank.
Lewis J. Critelli will retire as President and Chief Executive Officer of the Company and Wayne Bank (the “Bank”), effective as of May 9, 2022; and (ii) Mr. Critelli has been appointed Chairman of the Board of the Company and the Bank.
Max materiality 0.85 · Median 0.47 · Most common event earnings