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Norwood Financial Corp announces Second Quarter 2025 Results

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Norwood Financial Corp (NASDAQ:NWFL) reported strong Q2 2025 financial results, with net income of $6.2 million, up $2.0 million from Q2 2024. The company achieved a fully diluted EPS of $0.67, representing a 29% increase year-over-year.

Key performance metrics showed significant improvement, with return on assets rising to 1.06% and net interest margin increasing to 3.43%. Total assets reached $2.365 billion, up 5.82% year-over-year, while loans grew 9.1% to $1.791 billion and deposits increased 10.3% to $1.997 billion.

The bank's efficiency ratio improved to 58.7% from 66.7% in Q2 2024, and tangible book value per share increased from $19.85 to $21.17 during the first half of 2025.

Norwood Financial Corp (NASDAQ:NWFL) ha riportato solidi risultati finanziari nel secondo trimestre del 2025, con un utile netto di 6,2 milioni di dollari, in aumento di 2,0 milioni rispetto al secondo trimestre del 2024. La societ脿 ha raggiunto un utile per azione diluito di 0,67 dollari, segnando un incremento del 29% su base annua.

I principali indicatori di performance hanno mostrato miglioramenti significativi, con un rendimento delle attivit脿 salito all'1,06% e un margine di interesse netto aumentato al 3,43%. Il totale degli attivi ha raggiunto 2,365 miliardi di dollari, in crescita del 5,82% rispetto all'anno precedente, mentre i prestiti sono aumentati del 9,1% a 1,791 miliardi di dollari e i depositi sono cresciuti del 10,3% a 1,997 miliardi di dollari.

Il rapporto di efficienza della banca 猫 migliorato, passando dal 66,7% del secondo trimestre 2024 al 58,7%, e il valore contabile tangibile per azione 猫 salito da 19,85 a 21,17 dollari nella prima met脿 del 2025.

Norwood Financial Corp (NASDAQ:NWFL) report贸 s贸lidos resultados financieros en el segundo trimestre de 2025, con un ingreso neto de 6.2 millones de d贸lares, un aumento de 2.0 millones respecto al segundo trimestre de 2024. La compa帽铆a logr贸 un EPS diluido de 0.67 d贸lares, lo que representa un incremento del 29% interanual.

Los principales indicadores de desempe帽o mostraron mejoras significativas, con un retorno sobre activos que subi贸 a 1.06% y un margen de inter茅s neto que aument贸 a 3.43%. Los activos totales alcanzaron 2.365 mil millones de d贸lares, un crecimiento del 5.82% a帽o tras a帽o, mientras que los pr茅stamos crecieron un 9.1% hasta 1.791 mil millones de d贸lares y los dep贸sitos aumentaron un 10.3% hasta 1.997 mil millones de d贸lares.

El 铆ndice de eficiencia del banco mejor贸 a 58.7% desde 66.7% en el segundo trimestre de 2024, y el valor contable tangible por acci贸n aument贸 de 19.85 a 21.17 d贸lares durante la primera mitad de 2025.

Norwood Financial Corp (NASDAQ:NWFL)電� 2025雲� 2攵勱赴 臧曤牓頃� 鞛 鞁れ爜鞚� 氤搓碃頄堨溂氅�, 靾滌澊鞚� 620毵� 雼煬搿� 2024雲� 2攵勱赴 雽�牍� 200毵� 雼煬 歃濌皜頄堨姷雼堧嫟. 須岇偓電� 頋劃 欤茧嫻靾滌澊鞚�(EPS) 0.67雼煬毳� 旮半頃橂┌ 鞝勲厔 霃欔赴 雽�牍� 29% 靸侅姽頄堨姷雼堧嫟.

欤检殧 靹标臣 歆�響滊弰 韥矊 臧滌劆霅橃柎, 齑濎瀽靷办垬鞚惦鞚� 1.06%搿� 靸侅姽頄堦碃 靾滌澊鞛愲歆勳潃 3.43%搿� 歃濌皜頄堨姷雼堧嫟. 齑濎瀽靷办潃 23鞏� 6,500毵� 雼煬鞐� 雼暣 鞝勲厔 霃欔赴 雽�牍� 5.82% 歃濌皜頄堨溂氅�, 雽�於滉笀鞚� 17鞏� 9,100毵� 雼煬搿� 9.1% 靹膘灔頄堦碃 鞓堦笀鞚� 19鞏� 9,700毵� 雼煬搿� 10.3% 歃濌皜頄堨姷雼堧嫟.

鞚�頄夓潣 須湪靹� 牍勳湪鞚� 2024雲� 2攵勱赴 66.7%鞐愳劀 58.7%搿� 臧滌劆霅橃棃瓿�, 2025雲� 靸侂皹旮� 霃欖晥 欤茧嫻 鞙犿槙鞛愳偘 鞛ル秬臧�旃橂姅 19.85雼煬鞐愳劀 21.17雼煬搿� 靸侅姽頄堨姷雼堧嫟.

Norwood Financial Corp (NASDAQ:NWFL) a publi茅 de solides r茅sultats financiers pour le deuxi猫me trimestre 2025, avec un revenu net de 6,2 millions de dollars, en hausse de 2,0 millions par rapport au deuxi猫me trimestre 2024. La soci茅t茅 a enregistr茅 un BPA dilu茅 de 0,67 dollar, soit une augmentation de 29 % en glissement annuel.

Les principaux indicateurs de performance ont montr茅 une am茅lioration significative, avec un rendement des actifs en hausse 脿 1,06 % et une marge d'int茅r锚t nette port茅e 脿 3,43 %. Le total des actifs a atteint 2,365 milliards de dollars, en hausse de 5,82 % sur un an, tandis que les pr锚ts ont progress茅 de 9,1 % pour atteindre 1,791 milliard de dollars et les d茅p么ts ont augment茅 de 10,3 % pour s'茅tablir 脿 1,997 milliard de dollars.

Le ratio d'efficacit茅 de la banque s'est am茅lior茅, passant de 66,7 % au deuxi猫me trimestre 2024 脿 58,7 %, et la valeur comptable tangible par action a augment茅 de 19,85 脿 21,17 dollars au cours du premier semestre 2025.

Norwood Financial Corp (NASDAQ:NWFL) meldete starke Finanzergebnisse f眉r das zweite Quartal 2025 mit einem Nettogewinn von 6,2 Millionen US-Dollar, was einem Anstieg von 2,0 Millionen gegen眉ber dem zweiten Quartal 2024 entspricht. Das Unternehmen erzielte ein verw盲ssertes Ergebnis je Aktie (EPS) von 0,67 US-Dollar, was einem Anstieg von 29 % im Jahresvergleich entspricht.

Die wichtigsten Leistungskennzahlen verbesserten sich deutlich, mit einer Rendite auf das Verm枚gen von 1,06 % und einer Steigerung der Nettozinsmarge auf 3,43 %. Die Gesamtaktiva erreichten 2,365 Milliarden US-Dollar, ein Plus von 5,82 % im Jahresvergleich, w盲hrend die Kredite um 9,1 % auf 1,791 Milliarden US-Dollar und die Einlagen um 10,3 % auf 1,997 Milliarden US-Dollar zunahmen.

Die Effizienzquote der Bank verbesserte sich von 66,7 % im zweiten Quartal 2024 auf 58,7 %, und der greifbare Buchwert je Aktie stieg in der ersten H盲lfte des Jahres 2025 von 19,85 auf 21,17 US-Dollar.

Positive
  • Net income increased by $2.0 million to $6.2 million in Q2 2025
  • EPS grew 29% year-over-year to $0.67
  • Net interest margin improved 63 basis points to 3.43%
  • Loans grew 9.1% year-over-year to $1.791 billion
  • Deposits increased 10.3% to $1.997 billion
  • Efficiency ratio improved to 58.7% from 66.7%
  • Tangible Book Value per share increased $1.32 to $21.17
Negative
  • Provision for credit losses increased to $950,000 from $347,000 in Q2 2024

Insights

Norwood shows strong Q2 performance with 29% EPS growth, margin expansion, and improved capital position amid effective balance sheet management.

Norwood Financial Corp delivered impressive Q2 results with $0.67 EPS, representing a 29% increase year-over-year. The company's performance was driven by significant net interest margin expansion, which rose 63 basis points compared to Q2 2024, reaching 3.43%.

The bank's balance sheet management deserves attention. Loan growth of 4.4% (annualized) in Q2 and 8.2% year-to-date demonstrates solid organic growth without sacrificing credit quality. Simultaneously, deposits grew at an impressive 15% annualized rate year-to-date while deposit costs actually declined 20 basis points since Q4 2024 鈥� a rare achievement in the current rate environment.

The profitability metrics show meaningful improvement. Return on assets increased to 1.06% from 0.75% a year ago, while return on tangible equity jumped to 12.83% from 9.44%. The efficiency ratio improved substantially to 58.7% from 66.7%, indicating enhanced operational efficiency.

The company's capital position has strengthened considerably. Tangible common equity ratio rose to 8.39% from 6.92% year-over-year, and tangible book value per share increased $1.32 to $21.17 in just six months. This capital improvement provides flexibility for future growth initiatives or shareholder returns.

The Q2 repositioning mentioned by management appears to be paying dividends through increased yields. Combined with their "Every Day Better" rebranding campaign, the company seems to be effectively executing both financial and marketing strategies. With the stated "solid footing and good momentum" entering the second half of 2025, Norwood appears well-positioned to maintain its positive trajectory.

Quarterly and Year-to-Date Highlights:

  • Fully diluted EPS of $0.67, a 29% increase over the same period in 2024
  • Return on assets rose 31 basis points to 1.06% from 2Q 2024.
  • Net interest margin increased 13 basis points vs. the prior quarter and 63 basis points over the prior year.
  • Loans grew at a 4.4% and 8.2% annualized rate during the second quarter and year-to-date, respectively.
  • Deposits grew year-to-date at an annualized rate of 15% while deposit costs fell 20 basis points since the 4th quarter of 2024.
  • Capital continues to improve on increased earnings and lower accumulated other comprehensive income (AOCI) adjustment.

HONESDALE, Pa., July 22, 2025 (GLOBE NEWSWIRE) -- Norwood Financial Corp (Nasdaq Global Market-NWFL) and its subsidiary, Wayne Bank, announced results for the three months and six months ended June 30, 2025.

Jim Donnelly, President and Chief Executive Officer, stated, 鈥淥ur company鈥檚 performance continues to strengthen, due to increased yields coming out of our 2024 4th quarter repositioning, as well as improved results in all our business lines. In the first half of 2025 we achieved robust growth in both loans and deposits while improving yields as well. We enter the second half of 2025 on solid footing and with good momentum鈥�

Mr. Donnelly continued, 鈥淚 am proud of the performance from the entire Norwood team as they remain focused on delivering the products and services that help our customers achieve their goals.听 During the second quarter we launched our 鈥楨very Day Better鈥� campaign to high acclaim from customers, employees, and community members.听 This full rebrand enabled us to articulate our values and mission, stand out from competitors, and unite and energize our company culture. Building on this great combination of a high-performing team and strong brand, I am confident that we are on our way to creating a bright future for us, our customers, and our shareholders.鈥�

Selected Financial Highlights (unaudited)

(dollars in thousands, except per share data)Year-Over YearLinked QuarterYear-to-Date
3 Months Ended3 Months Ended6 Months Ended
Jun-25Jun-24ChangeMar-25ChangeJun-25Jun-24Change
Net interest income$19,065听$14,925听$4,140$17,857听$1,208$36,923听$29,635听$7,288
Net interest spread (fte)听2.75%听2.06%69 bps听2.61%14 bps听2.68%听2.07%30 bps
Net interest margin (fte)听3.43%听2.80%63 bps听3.30%13 bps听3.37%听2.80%26 bps
Net income$6,205听$4,213听$1,992$5,773听$432$11,978听$8,646听$3,332
Diluted earnings per share$0.67听$0.52听$0.15$0.63听$0.04$1.30听$1.07听$0.23
Return on average assets听1.06%听0.75%31 bps听1.01%5 bps听1.03%听0.78%25 bps
Return on tangible equity听12.83%听9.44%339 bps听12.40%43 bps听12.62%听11.49%113 bps



Discussion of financial results for the three months ended June 30, 2025:

  • The Company had net income of $6.2 million for the three months ended June 30, 2025, an increase of $2.0 million over the same period last year.
  • Net interest income increased during the second quarter of 2025 compared to the second quarter of 2024 due to increases in asset yields while yields on liabilities decreased.
  • Correspondingly, the net interest margin in the second quarter of 2025 was 3.43% compared to 2.80% in the second quarter of 2024.
  • Non-interest income in the first 6 months of 2025 increased $386 thousand or 9.2% over the same period in 2024.
  • The efficiency ratio for the second quarter of 2025 was 58.7% compared to 66.7% in the second quarter of 2024.
  • As of June 30, 2025, total assets were $2.365 billion, compared to $2.235 billion at June 30, 2024, an increase of 5.82%.
  • Loans receivable were $1.791 billion at June 30, 2025, compared to $1.641 billion at June 30, 2024, an increase of 9.1% .
  • Total deposits were $1.997 billion at June 30, 2025, compared to $1.811 billion at June 30, 2024, an increase of 10.3%.
  • Tangible Common Equity was 8.39% as of June 30, 2025, versus 6.92% at June 30, 2024.
  • Tangible Book Value per share increased $1.32 from $19.85 at December 31, 2024, to $21.17 at June 30, 2025.
听

Norwood Financial Corp is the parent company of Wayne Bank, which operates from sixteen offices throughout Northeastern Pennsylvania and fourteen offices in Delaware, Sullivan, Ontario, Otsego and Yates Counties, New York. The Company鈥檚 stock trades on the Nasdaq Global Market under the symbol 鈥淣WFL鈥�.

Non-GAAP Financial Measures (unaudited)

The following tables reconcile certain Non-GAAP financial measures references in this release:

听Three months ended 听Six months ended
(dollars in thousands)June 30听June 30
听听2025听听2024听听听2025听听2024听
听听听听听听
Net Interest Income$19,065听$14,925听听$36,923听$29,635听
Taxable equivalent basis adjustment using 21% marginal tax rate听199听听199听听听397听听394听
Net interest income on a fully taxable equivalent basis$19,264听$15,124听听$37,320听$30,029听
听听听听听听
听听听听听听
听Three months ended 听Six months ended
(dollars in thousands)June 30听June 30
听听2025听听2024听听听2025听听2024听
听听听听听听
Average equity$223,351听$179,494听听$220,787听$180,791听
Average goodwill and other intangibles听(29,394)听(29,457)听听(29,402)听(29,466)
Average tangible equity$193,957听$150,037听听$191,385听$151,325听
听听听听听听

Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 contains safe harbor provisions regarding forward-looking statements. When used in this discussion, the words 鈥渂elieves鈥�, 鈥渁nticipates鈥�, 鈥渃ontemplates鈥�, 鈥渆xpects鈥�, 鈥渂ode鈥�, 鈥渇uture performance鈥�, 鈥渟olid footing,鈥� 鈥済ood momentum,鈥� 鈥渂right future鈥� and similar expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties, which could cause actual results to differ materially from those projected. Those risks and uncertainties include, among other things, changes in federal and state laws, changes in interest rates, our ability to maintain strong credit quality metrics, our ability to have future performance, our ability to control core operating expenses and costs, demand for real estate, government fiscal and trade policies, cybersecurity and general economic conditions. The Company undertakes no obligation to publicly release the results of any revisions to those forward-looking statements which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Contact: John M. McCaffery
Executive Vice President &
Chief Financial Officer
NORWOOD FINANCIAL CORP
272-304-3003

NORWOOD FINANCIAL CORP听听听听
Consolidated Balance Sheets 听听听听
(dollars in thousands, except share and per share data)听听听
听(unaudited)听听听听
听听June 30
听听2025听2024
ASSETS听听听听
Cash and due from banks$32,052听$29,903听
Interest-bearing deposits with banks听20,993听听39,492听
Cash and cash equivalents听53,045听听69,395听
听听听听听
Securities available for sale听402,460听听397,578听
Loans receivable听1,790,574听听1,641,355听
Less: Allowance for credit losses听20,908听听17,806听
Net loans receivable听1,769,666听听1,623,549听
Regulatory stock, at cost听7,538听听6,443听
Bank premises and equipment, net听21,608听听18,265听
Bank owned life insurance听46,099听听46,121听
Foreclosed real estate owned听-听听-听
Accrued interest receivable听8,642听听8,329听
Deferred tax assets, net听17,693听听21,707听
Goodwill听29,266听听29,266听
Other intangible assets听121听听183听
Other assets听9,212听听14,480听
TOTAL ASSETS$2,365,350听$2,235,316听
听听听听听
LIABILITIES听听听听
Deposits:听听听听
Non-interest bearing demand$406,358听$391,849听
Interest-bearing听1,591,476听听1,419,323听
Total deposits听1,997,834听听1,811,172听
Short-term borrowings听26,500听听62,335听
Other borrowings听85,350听听148,087听
Accrued interest payable听10,975听听13,329听
Other liabilities听19,266听听18,206听
TOTAL LIABILITIES听2,139,925听听2,053,129听
听听听听听
STOCKHOLDERS' EQUITY听听听听
Preferred Stock, no par value per share, authorized 5,000,000 shares听-听听-听
Common Stock, $.10 par value per share,听听听听
authorized: 20,000,000 shares,听听听听
issued: 2025: 9,490,505 shares, 2024: 8,311,851 shares949听听831听
Surplus听126,990听听98,082听
Retained earnings听131,199听听139,070听
Treasury stock, at cost: 2025: 229,983 shares, 2024: 221,540 shares听(6,208)听(5,977)
Accumulated other comprehensive loss听(27,505)听(49,819)
TOTAL STOCKHOLDERS' EQUITY听225,425听听182,187听
听听听听听
TOTAL LIABILITIES AND听听听听
STOCKHOLDERS' EQUITY$2,365,350听$2,235,316听
听听听听听


NORWOOD FINANCIAL CORP
Consolidated Statements of Income
(dollars in thousands, except per share data)
听听(unaudited)
听听Three Months Ended June 30,听听听Six Months Ended June 30,听
听听2025听2024听听听2025听2024听
INTEREST INCOME听听听听听听听听听听
Loans receivable, including fees$27,115$24,121听听$53,103$47,802听
Securities听3,871听2,584听听听7,742听5,109听
Other听220听966听听听446听1,697听
Total Interest income听31,206听27,671听听听61,291听54,608听
听听听听听听听听听听听
INTEREST EXPENSE听听听听听听听听听听
Deposits听10,869听10,687听听听21,617听20,796听
Short-term borrowings听211听356听听听669听692听
Other borrowings听1,061听1,703听听听2,082听3,485听
Total Interest expense听12,141听12,746听听听24,368听24,973听
NET INTEREST INCOME听19,065听14,925听听听36,923听29,635听
PROVISION FOR (RELEASE OF) CREDIT LOSSES950听347听听听1,807听(276)
NET INTEREST INCOME AFTER PROVISION FOR (RELEASE OF) CREDIT LOSSES听18,115听14,578听听听35,116听29,911听
听听听听听听听听听听听
听听听听听听听听听听听
OTHER INCOME听听听听听听听听听听
Service charges and fees听1,514听1,504听听听3,027听2,847听
Income from fiduciary activities听226听225听听听551听463听
Gains on sales of loans, net听65听36听听听112听42听
Earnings and proceeds on life insurance policies266听253听听听552听520听
Other听177听189听听听357听341听
Total other income听2,248听2,207听听听4,599听4,213听
听听听听听听听听听听听
OTHER EXPENSES听听听听听听听听听听
Salaries and employee benefits听6,605听5,954听听听13,077听12,090听
Occupancy, furniture and equipment听1,349听1,229听听听2,727听2,489听
Data processing and related operations听1,189听1,024听听听2,274听2,046听
Taxes, other than income听192听179听听听385听272听
Professional fees听623听508听听听1,282听1,092听
FDIC Insurance assessment听355听309听听听761听670听
Foreclosed real estate听137听15听听听141听36听
Amortization of intangibles听15听19听听听30听38听
Other听2,066听2,207听听听3,918听4,442听
Total other expenses听12,531听11,444听听听24,595听23,175听
听听听听听听听听听听听
INCOME BEFORE TAX EXPENSE听7,832听5,341听听听15,120听10,949听
INCOME TAX EXPENSE听1,627听1,128听听听3,142听2,303听
NET INCOME$6,205$4,213听听听$11,978$8,646听
听听听听听听听听听听听
Basic earnings per share$0.67$0.52听听$1.30$1.07听
听听听听听听听听听听听
Diluted earnings per share$0.67$0.52听听$1.30$1.07听
听听听听听听听听听听听


NORWOOD FINANCIAL CORP
NET INTEREST MARGIN ANALYSIS
(dollars in thousands)
听
听For the Quarter Ended
听June 30, 2025March 31, 2025June 30, 2024
听Average听Average听Average听Average听Average听Average听
听BalanceInterest听听听Rate 听BalanceInterest听听听听Rate 听BalanceInterest听听听听Rate 听
听(2)(1)(3)听(2)(1)(3)听(2)(1)(3)听
Assets听听听听听听听听听听听听听听听听听听
Interest-earning assets:听听听听听听听听听听听听听听听听听听
听听Interest-bearing deposits with banks$19,085听$220听4.62听%$20,802听$226听4.41听%$69,173听$967听5.62听%
听听听Securities available for sale:听听听听听听听听听听听听听听听听听听
听听听听听Taxable听404,428听听3,624听3.59听听听408,427听听3,623听3.60听听听401,014听听2,206听2.21听听
听听听听听Tax-exempt (1)听44,158听听312听2.83听听听44,242听听312听2.86听听听69,126听听477听2.78听听
听听听听听听听听Total securities available for sale (1)听448,586听听3,936听3.52听听听452,669听听3,935听3.53听听听470,140听听2,683听2.30听听
听听听听听Loans receivable (1) (4) (5)听1,783,626听听27,249听6.13听听听1,743,572听听26,120听6.08听听听1,629,283听听24,220听5.98听听
听听听听听听听听Total interest-earning assets 听2,251,297听听31,405听5.60听听听2,217,043听听30,281听5.54听听听2,168,596听听27,870听5.17听听
Non-interest earning assets:听听听听听听听听听听听听听听听听听听
听听听Cash and due from banks听30,323听听听听听听28,705听听听听听听26,422听听听听听
听听听Allowance for credit losses听(20,733)听听听听听(20,154)听听听听听(18,023)听听听听
听听听Other assets听94,922听听听听听听93,131听听听听听听69,718听听听听听
听听听听听听听听Total non-interest earning assets 听104,512听听听听听听101,682听听听听听听78,117听听听听听
Total Assets $2,355,809听听听听听$2,318,725听听听听听$2,246,713听听听听听
Liabilities and Stockholders' Equity听听听听听听听听听听听听听听听听听听
Interest-bearing liabilities:听听听听听听听听听听听听听听听听听听
听听听Interest-bearing demand and money market$573,904听$2,887听2.02听听$546,884听$2,801听2.08听听$450,918听$2,397听2.14听听
听听听Savings听204,318听听119听0.23听听听211,905听听142听0.27听听听233,676听听286听0.49听听
听听听Time听821,725听听7,863听3.84听听听793,803听听7,805听3.99听听听755,224听听8,004听4.26听听
听听听听听听Total interest-bearing deposits 听1,599,947听听10,869听2.72听听听1,552,592听听10,748听2.81听听听1,439,818听听10,687听2.99听听
听听听Short-term borrowings听17,757听听211听4.77听听听44,297听听458听4.19听听听61,689听听356听2.32听听
听听听Other borrowings听95,792听听1,061听4.44听听听93,549听听1,021听4.43听听听149,442听听1,703听4.58听听
听听听Total interest-bearing liabilities 听1,713,496听听12,141听2.84听听听1,690,438听听12,227听2.93听听听1,650,949听听12,746听3.11听听
Non-interest bearing liabilities:听听听听听听听听听听听听听听听听听听
听听听Demand deposits听389,323听听听听听听380,544听听听听听听387,962听听听听听
听听听Other liabilities听29,639听听听听听听29,549听听听听听听28,308听听听听听
听听听听听听Total non-interest bearing liabilities 听418,962听听听听听听410,093听听听听听听416,270听听听听听
听听听Stockholders' equity听223,351听听听听听听218,194听听听听听听179,494听听听听听
Total Liabilities and Stockholders' Equity $2,355,809听听听听听$2,318,725听听听听听$2,246,713听听听听听
Net interest income/spread (tax equivalent basis)听听听19,264听2.75听%听听听18,054听2.61听%听听听15,124听2.06听%
Tax-equivalent basis adjustment听听听(199)听听听听听(197)听听听听听(199)听听
Net interest income听听$19,065听听听听听$17,857听听听听听$14,925听听听
Net interest margin (tax equivalent basis)听听听听3.43听%听听听听3.30听%听听听听2.80听%
听听听听听听听听听听听听听听听听听听听
听听听听听听听听听听听听听听听听听听听
(1) Interest and yields are presented on a tax-equivalent basis using a marginal tax rate of 21%.
(2) Average balances have been calculated based on daily balances.
(3) Annualized
(4) Loan balances include non-accrual loans and are net of unearned income.
(5) Loan yields include the effect of amortization of deferred fees, net of costs.
听听听听听听听听听听听听听听听听听听听
听听听听听听听听听听听听听听听听听听听
听听听听听听听听听听听听听听听听听听听
听Year to Date
听June 30, 2025March 31, 2025June 30, 2024
听Average听Average听Average听Average听Average听Average听
听BalanceInterest听听听Rate 听BalanceInterest听听听听Rate 听BalanceInterest听听听听Rate 听
听(2)(1)(3)听(2)(1)(3)听(2)(1)(3)听
Assets听听听听听听听听听听听听听听听听听听
Interest-earning assets:听听听听听听听听听听听听听听听听听听
听听Interest-bearing deposits with banks$19,939听$446听4.51听%$20,802听$226听4.41听%$61,551听$1,697听5.54听%
听听听Securities available for sale:听听听听听听听听听听听听听听听听听听
听听听听听Taxable听406,416听听7,247听3.60听听听408,427听听3,623听3.60听听听401,645听听4,353听2.18听听
听听听听听Tax-exempt (1)听44,199听听626听2.86听听听44,242听听312听2.86听听听69,503听听958听2.77听听
听听听听听听听听Total securities available for sale (1)听450,615听听7,873听3.52听听听452,669听听3,935听3.53听听听471,148听听5,311听2.27听听
听听听听听Loans receivable (1) (4) (5)听1,763,710听听53,369听6.10听听听1,743,572听听26,120听6.08听听听1,620,694听听47,994听5.96听听
听听听听听听听听Total interest-earning assets 听2,234,264听听61,688听5.57听听听2,217,043听听30,281听5.54听听听2,153,393听听55,002听5.14听听
Non-interest earning assets:听听听听听听听听听听听听听听听听听听
听听听Cash and due from banks听29,519听听听听听听28,705听听听听听听25,508听听听听听
听听听Allowance for credit losses听(20,445)听听听听听(20,154)听听听听听(18,559)听听听听
听听听Other assets听94,031听听听听听听93,131听听听听听听71,705听听听听听
听听听听听听听听Total non-interest earning assets 听103,105听听听听听听101,682听听听听听听78,654听听听听听
Total Assets $2,337,369听听听听听$2,318,725听听听听听$2,232,047听听听听听
Liabilities and Stockholders' Equity听听听听听听听听听听听听听听听听听听
Interest-bearing liabilities:听听听听听听听听听听听听听听听听听听
听听听Interest-bearing demand and money market$560,469听$5,688听2.05听听$546,884听$2,801听2.08听听$450,372听$4,707听2.10听听
听听听Savings听208,090听听261听0.25听听听211,905听听142听0.27听听听234,611听听536听0.46听听
听听听Time听807,841听听15,668听3.91听听听793,803听听7,805听3.99听听听740,211听听15,553听4.23听听
听听听听听听Total interest-bearing deposits 听1,576,400听听21,617听2.77听听听1,552,592听听10,748听2.81听听听1,425,194听听20,796听2.93听听
Short-term borrowings听30,954听听669听4.36听听听44,297听听458听4.19听听听59,843听听692听2.33听听
Other borrowings听94,676听听2,082听4.43听听听93,549听听1,021听4.43听听听152,470听听3,485听4.60听听
听听听Total interest-bearing liabilities 听1,702,030听听24,368听2.89听听听1,690,438听听12,227听2.93听听听1,637,507听听24,973听3.07听听
Non-interest bearing liabilities:听听听听听听听听听听听听听听听听听听
听听听Demand deposits听384,958听听听听听听380,544听听听听听听387,014听听听听听
听听听Other liabilities听29,594听听听听听听29,549听听听听听听26,735听听听听听
听听听听听听Total non-interest bearing liabilities 听414,552听听听听听听410,093听听听听听听413,749听听听听听
听听听Stockholders' equity听220,787听听听听听听218,194听听听听听听180,791听听听听听
Total Liabilities and Stockholders' Equity $2,337,369听听听听听$2,318,725听听听听听$2,232,047听听听听听
Net interest income/spread (tax equivalent basis)听听听37,320听2.68听%听听听18,054听2.61听%听听听30,029听2.07听%
Tax-equivalent basis adjustment听听听(397)听听听听听(197)听听听听听(394)听听
Net interest income听听$36,923听听听听听$17,857听听听听听$29,635听听听
Net interest margin (tax equivalent basis)听听听听3.37听%听听听听3.30听%听听听听2.80听%
听听听听听听听听听听听听听听听听听听听
听听听听听听听听听听听听听听听听听听听
(1) Interest and yields are presented on a tax-equivalent basis using a marginal tax rate of 21%.
(2) Average balances have been calculated based on daily balances.
(3) Annualized
(4) Loan balances include non-accrual loans and are net of unearned income.
(5) Loan yields include the effect of amortization of deferred fees, net of costs.



NORWOOD FINANCIAL CORP
Financial Highlights (Unaudited)
(dollars in thousands, except per share data)
听听听听听
For the Three Months Ended June 30听2025听2024
听听听听听
Net interest income$19,065听$14,925听
Net income听6,205听听4,213听
听听听听听
Net interest spread (fully taxable equivalent)听2.75%听2.06%
Net interest margin (fully taxable equivalent)听3.43%听2.80%
Return on average assets听1.06%听0.75%
Return on average equity听11.14%听9.44%
Return on average tangible equity听12.83%听11.29%
Basic earnings per share$0.67听$0.52听
Diluted earnings per share$0.67听$0.52听
听听听听听
For the Six Months Ended June 30听2025听2024
听听听听听
Net interest income听36,923听听29,635听
Net income听11,978听听8,646听
听听听听听
Net interest spread (fully taxable equivalent)听2.68%听2.07%
Net interest margin (fully taxable equivalent)听3.37%听2.80%
Return on average assets听1.03%听0.78%
Return on average equity听10.94%听9.62%
Return on average tangible equity听12.62%听11.49%
Basic earnings per share听1.30听听1.07听
Diluted earnings per share听1.30听听1.07听
听听听听听
听听听听听
听听听听听
As of June 30听2025听2024
听听听听听
Total assets$2,365,350听$2,235,316听
Total loans receivable听1,790,574听听1,641,355听
Allowance for credit losses听20,908听听17,806听
Total deposits听1,997,834听听1,811,172听
Stockholders' equity听225,425听听182,187听
Trust assets under management听207,402听听201,079听
听听听听听
Book value per share$24.34听$22.52听
Tangible book value per share$21.17听$18.88听
Equity to total assets听9.53%听8.15%
Allowance to total loans receivable听1.17%听1.08%
Nonperforming loans to total loans听0.45%听0.47%
Nonperforming assets to total assets听0.34%听0.34%
听听听听听


NORWOOD FINANCIAL CORP
Consolidated Balance Sheets (unaudited)
(dollars in thousands)
听听听听听June 30听听听听March 31听听听听December 31听听听听September 30听听听听June 30
听听2025听2025听2024听2024听2024
ASSETS听听听听听听听听听听
听听听Cash and due from banks听$32,052听听$31,729听听$27,562听听$47,072听听$29,903听
听听听Interest-bearing deposits with banks听20,993听听43,678听听44,777听听35,808听听39,492听
听听听听听听听听Cash and cash equivalents听53,045听听75,407听听72,339听听82,880听听69,395听
听听听听听听听听听听听
听听Securities available for sale听402,460听听408,742听听397,846听听396,891听听397,578听
听听Loans receivable听1,790,574听听1,771,269听听1,713,638听听1,675,139听听1,641,356听
听听听Less: Allowance for credit losses听20,908听听20,442听听19,843听听18,699听听17,807听
听听听听听Net loans receivable听1,769,666听听1,750,827听听1,693,795听听1,656,440听听1,623,549听
听听Regulatory stock, at cost听7,538听听7,616听听13,366听听6,329听听6,443听
听听Bank owned life insurance听46,099听听46,914听听46,657听听46,382听听46,121听
听听Bank premises and equipment, net听21,608听听20,273听听19,657听听18,503听听18,264听
听听Foreclosed real estate owned听-听听-听听-听听-听听-听
听听Goodwill and other intangibles听29,387听听29,402听听29,418听听29,433听听29,449听
听听Other assets听35,547听听36,863听听44,384听听42,893听听44,517听
听听听听听听听听听听TOTAL ASSETS听$2,365,350听听$2,376,044听听$2,317,462听听$2,279,751听听$2,235,316听
听听听听听听听听听听听
LIABILITIES听听听听听听听听听听
听听听Deposits:听听听听听听听听听听
听听听听听Non-interest bearing demand听$406,358听听$391,377听听$381,479听听$420,967听听$391,849听
听听听听听Interest-bearing deposits听1,591,476听听1,613,071听听1,477,684听听1,434,284听听1,419,323听
听听听听听听听听听听Total deposits听1,997,834听听2,004,448听听1,859,163听听1,855,251听听1,811,172听
听听听Borrowings听111,850听听118,590听听214,862听听197,412听听210,422听
听听听Other liabilities听30,241听听32,299听听29,929听听31,434听听31,534听
听听听听听听听听听听听听TOTAL LIABILITIES听2,139,925听听2,155,337听听2,103,954听听2,084,097听听2,053,128听
听听听听听听听听听听听
STOCKHOLDERS' EQUITY听225,425听听220,707听听213,508听听195,654听听182,188听
听听听听听听听听听听听
听听听听听听听听听听TOTAL LIABILITIES AND听听听听听听听听听听
听听听听听听听听听听听听听听听听听STOCKHOLDERS' EQUITY听$2,365,350听听$2,376,044听听$2,317,462听听$2,279,751听听$2,235,316听
听听听听听听听听听听听
听听听听听听听听听听听
听听听听听听听听听听听
NORWOOD FINANCIAL CORP
Consolidated Statements of Income (unaudited)
(dollars in thousands, except per share data)
听听听听听June 30听听听听March 31听听听听December 31听听听听September 30听听听听June 30
Three months ended听2025听2025听2024听2024听2024
INTEREST INCOME听听听听听听听听听听
听听听听Loans receivable, including fees听$27,115听听$25,988听听$26,122听听$25,464听听$24,121听
听听听听Securities听3,871听听3,870听听2,789听听2,526听听2,584听
听听听听Other听220听听226听听574听听497听听966听
听听听听听听听听听Total interest income听31,206听听30,084听听29,485听听28,487听听27,671听
听听听听听听听听听听听
INTEREST EXPENSE听听听听听听听听听听
听听听听Deposits听10,869听听10,748听听10,984听听10,553听听10,687听
听听听听Borrowings听1,272听听1,479听听1,876听听2,003听听2,059听
听听听听听听听听Total interest expense听12,141听听12,227听听12,860听听12,556听听12,746听
NET INTEREST INCOME听19,065听听17,857听听16,625听听15,931听听14,925听
PROVISION FOR (RELEASE OF) CREDIT LOSSES950听听857听听1,604听听1,345听听347听
NET INTEREST INCOME AFTER (RELEASE OF) PROVISION听听听听听听听听
听听听听听FOR CREDIT LOSSES听18,115听听17,000听听15,021听听14,586听听14,578听
听听听听听听听听听听听
OTHER INCOME听听听听听听听听听听
听听听听Service charges and fees听1,514听听1,513听听1,595听听1,517听听1,504听
听听听听Income from fiduciary activities听226听听325听听224听听256听听225听
听听听听Net realized (losses) gains on sales of securities听-听听-听听(19,962)听-听听-听
听听听听Gains on sales of loans, net听65听听47听听50听听103听听36听
听听听听Gains on sales of foreclosed real estate owned听-听听-听听-听听-听听32听
听听听听Earnings and proceeds on life insurance policies听266听听286听听275听听261听听253听
听听听听Other听177听听180听听159听听158听听157听
听听听听听听听听听听听Total other income听2,248听听2,351听听(17,659)听2,295听听2,207听
听听听听听听听听听听听
OTHER EXPENSES听听听听听听听听听听
听听听听Salaries and employee benefits听6,605听听6,472听听6,690听听6,239听听5,954听
听听听听Occupancy, furniture and equipment, net听2,538听听1,378听听1,291听听1,269听听1,229听
听听听听Foreclosed real estate听137听听4听听9听听9听听15听
听听听听FDIC insurance assessment听355听听406听听335听听339听听309听
听听听听Other听2,896听听3,804听听5,094听听4,175听听3,937听
听听听听听听听听听听听听听Total other expenses听12,531听听12,064听听13,419听听12,031听听11,444听
听听听听听听听听听听听
INCOME BEFORE TAX (BENEFIT) EXPENSE听7,832听听7,287听听(16,057)听4,850听听5,341听
INCOME TAX (BENEFIT) EXPENSE听1,627听听1,514听听(3,406)听1,006听听1,128听
NET (LOSS) INCOME听$6,205听听$5,773听听$(12,651)听$3,844听听$4,213听
听听听听听听听听听听听
Basic (loss) earnings per share听$0.67听听$0.63听听$(1.54)听$0.48听听$0.52听
听听听听听听听听听听听
Diluted (loss) earnings per share听$0.67听听$0.63听听$(1.54)听$0.48听听$0.52听
听听听听听听听听听听听
Book Value per share$24.34听$23.84听$23.02听$24.18听$22.52听
Tangible Book Value per share听21.17听听20.66听听19.85听听20.54听听18.88听
听听听听听听听听听听听
Return on average assets (annualized)听1.06%听1.01%听-2.19%听0.68%听0.75%
Return on average equity (annualized)听11.14%听10.73%听-26.08%听8.09%听9.44%
Return on average tangible equity (annualized)听12.83%听12.40%听-30.77%听9.58%听11.29%
听听听听听听听听听听听
Net interest spread (fte)听2.75%听2.61%听2.31%听2.23%听2.06%
Net interest margin (fte)听3.43%听3.30%听3.04%听2.99%听2.80%
听听听听听听听听听听听
Allowance for credit losses to total loans听1.17%听1.15%听1.16%听1.12%听1.08%
Net charge-offs to average loans (annualized)听0.08%听0.07%听0.12%听0.08%听0.13%
Nonperforming loans to total loans听0.45%听0.45%听0.46%听0.47%听0.47%
Nonperforming assets to total assets听0.34%听0.33%听0.34%听0.35%听0.34%

FAQ

What was Norwood Financial's (NWFL) earnings per share in Q2 2025?

Norwood Financial reported diluted earnings per share of $0.67 in Q2 2025, a 29% increase from $0.52 in Q2 2024.

How much did NWFL's net income grow in Q2 2025?

NWFL's net income grew to $6.2 million in Q2 2025, an increase of $2.0 million compared to Q2 2024.

What was Norwood Financial's loan growth in Q2 2025?

Loans grew 9.1% year-over-year to $1.791 billion, with an annualized growth rate of 4.4% during Q2 2025.

How did NWFL's deposits perform in Q2 2025?

Total deposits reached $1.997 billion, showing a 10.3% increase year-over-year, with deposit costs falling 20 basis points since Q4 2024.

What was Norwood Financial's net interest margin in Q2 2025?

The net interest margin was 3.43% in Q2 2025, an increase of 63 basis points from 2.80% in Q2 2024.
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Norwood Finl

NASDAQ:NWFL

NWFL Rankings

#5463 Ranked by Market Cap
#635 Ranked by Dividends

NWFL Latest News

Jul 7, 2025
Norwood Financial Corp Extends its Pennsylvania Presence with Strategic Acquisition of PB Bankshares, Inc.
Jun 18, 2025
Norwood Financial Corp Announces Cash Dividend
Apr 17, 2025
Norwood Financial Corp announces First Quarter 2025 Results
Mar 31, 2025
Norwood Financial Corp Announces Cash Dividend
Feb 18, 2025
Susan Campfield to Retire as Director of Norwood Financial Corp and Wayne Bank

NWFL Latest SEC Filings

Jul 7, 2025
[8-K] Norwood Financial Corp Reports Material Event
Jun 18, 2025
[8-K] Norwood Financial Corp Reports Material Event

NWFL Stock Data

238.00M
8.49M
8.32%
38.47%
0.46%
Banks - Regional
State Commercial Banks
United States
HONESDALE

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