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Norwood Financial Corp Announces Third Quarter 2024 Results

Norwood Financial Corp. (NWFL) 
US:NASDAQ Investor Relations: waynebank.com/stockholder-services
Company Research Source: GlobeNewswire
Quarterly Highlights: Net interest margin increased 19 basis points vs. the prior quarter and 7 basis points over the prior year.Loans grew at an 8% annualized rate during the 3rd quarter.Capital continues to improve as the negative mark-to-market effect lessens 42% since last year. HONESDALE, Pa., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Norwood Financial Corp (Nasdaq Global Market-NWFL) and its subsidiary, Wayne Bank, announced earnings for the three months ended September 30, 2024 of $3.8 million, which was $275 thousand lower than the same three-month period of last year. Net interest income was up by $892 thousand which was offset by increases in operating expense and the provision for credit losses. Earnings per share (fully diluted) were $0.48 in the three months ended September 30, 2024, compared to $0.51 in the same period of last year. The annualized return on average assets for the three months ended September 30, 2024, was 0.68%, while the annualized return on ave Show less Read more
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