HONESDALE, Pa., July 26, 2024 (GLOBE NEWSWIRE) -- James O. Donnelly, President and Chief Executive Officer of Norwood Financial Corp (Nasdaq Global Market-NWFL) and its subsidiary, Wayne Bank, announced earnings for the three months ended June 30, 2024 of $4,213,000, which was $2,290,000 lower than the same three-month period of last year. The decrease includes a $717,000 decrease in net interest income, a $424,000 increase in total other income, a $506,000 increase in total other expense, and a $2,097,000 ...

Core Points - Norwood Financial Corp and its subsidiary Wayne Bank announced the appointment of Ronald R. Schmalzle to their Board of Directors [4] - Schmalzle brings extensive experience in public service and business management, currently serving as a Pike County Commissioner and managing Recreation Management Corp [5][6] - The company operates multiple offices across Northeastern Pennsylvania and New York, with its stock trading on the Nasdaq Global Market under the symbol "NWFL" [2] Group 1 - The Chairman of the Board, Lewis J. Critelli, expressed confidence that Schmalzle's expertise will positively impact the communities served by the bank [1] - Jim Donnelly, President and CEO, highlighted Schmalzle's unique skill set and the excitement surrounding his appointment [1] - Schmalzle has a strong background in community involvement and has received recognition for his contributions, including the Richard L. Snyder Excellence in Business Award in 2018 [6] Group 2 - Schmalzle's professional background includes roles in various organizations, showcasing his leadership and commitment to community service [5][6] - He has a history of involvement in youth sports and local initiatives, further emphasizing his connection to the community [6][7] - Schmalzle holds a Bachelor of Music degree from Marywood University and is a lifelong resident of Pike County [7]

HONESDALE, Pa., July 18, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Norwood Financial Corp (NASDAQ Global Market – NWFL) and its subsidiary, Wayne Bank, announced the appointment of Ronald R. Schmalzle to the Board of Directors of Norwood Financial Corp ("Norwood" or the "Company") and Wayne Bank. Schmalzle is currently serving his second term as a Pike County Commissioner, having been reelected in 2023. He is President, Co-Owner, and General Manager of Recreation Management Corp, which owns and ope ...

Core Viewpoint - Norwood Financial Corp has declared a quarterly cash dividend of $0.30 per share, reflecting the company's financial strength and a 3.5% increase compared to the previous year [1][2]. Financial Performance - As of March 31, 2024, Norwood Financial Corp reported total assets of $2.260 billion, loans outstanding of $1.621 billion, total deposits of $1.839 billion, and total capital of $181.2 million [2]. - The declared dividend is payable on August 1, 2024, to shareholders of record as of July 15, 2024 [1]. Company Operations - Norwood Financial Corp operates through its subsidiary, Wayne Bank, with fifteen offices in Northeastern Pennsylvania and fourteen offices in New York [2]. - The company's stock is traded on the Nasdaq Global Market under the symbol "NWFL" [2].

HONESDALE, Pa., June 26, 2024 (GLOBE NEWSWIRE) -- James O. Donnelly, President and Chief Executive Officer of Norwood Financial Corp (NASDAQ Global Market - NWFL) and its subsidiary Wayne Bank, announced that the Board of Directors has declared a $0.30 per share cash dividend, which is payable August 1, 2024, to shareholders of record as of July 15, 2024. The $0.30 per share equals the per share dividend declared in the first quarter of 2024 and represents a 3.5% increase over the cash dividend declared in ...

Core Viewpoint - Norwood Financial Corp has appointed John M. McCaffery as Executive Vice President and Chief Financial Officer, effective June 24, 2024, to enhance its leadership team and support growth initiatives [1][2][6]. Company Overview - Norwood Financial Corp is the parent company of Wayne Bank, operating 14 offices in Northeastern Pennsylvania and 16 offices in New York [3]. - The company's stock is traded on the Nasdaq Global Market under the symbol "NWFL" [3]. Leadership Changes - John M. McCaffery brings over 30 years of leadership and finance experience, including previous roles as CFO at two banks, which positions him well to contribute to the company's growth [2][4][6]. - William S. Lance, the current CFO, will transition to the role of Executive Vice President and Chief Strategic Officer on June 24, 2024, and will assist with the transition until his retirement on August 2, 2024 [7]. Experience and Expertise - McCaffery has extensive experience in capital raising, M&A transactions, regulatory compliance, and team development, holding a Bachelor of Business Administration in Banking & Finance from Hofstra University [4][6].

Norwood Financial Corp is the parent company of Wayne Bank, which operates from fourteen offices throughout Northeastern Pennsylvania and sixteen offices in Delaware, Sullivan, Ontario, Otsego and Yates Counties, New York. The Company's stock trades on the Nasdaq Global Market under the symbol "NWFL". Contact: Kristen E. Lancia, CFMP, Vice President & Marketing Manager Email: kristen.lancia@waynebank.com Phone: (570) 253-8594 McCaffery joins the Company with over 30 years of leadership and finance experienc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number 0-28364 Norwood Financial Corp (Exact name of registrant as specified in its charter) Pennsylvania 23-2828306 ...

HONESDALE, Pa., April 26, 2024 (GLOBE NEWSWIRE) -- The 153rd Annual Meeting of Shareholders of Norwood Financial Corp (Nasdaq-NWFL), parent company of Wayne Bank, was held in person on Tuesday, April 23, 2024, at 6th & River, Honesdale, Pennsylvania. Matters presented to, and approved by, stockholders were the re-election of company directors Lewis J. Critelli, James O. Donnelly, and Meg L. Hungerford, the ratification of S.R. Snodgrass, P.C., as the Company's independent auditors for the fiscal year endin ...

FOR IMMEDIATE RELEASE Exhibit 99.1 NORWOOD FINANCIAL CORP ANNOUNCES FIRST QUARTER 2024 EARNINGS Net interest income on a fully taxable equivalent basis (fte), was $14,905,000 during the three months ended March 31, 2024, compared to $16,275,000 in the comparable three-month period of 2023. During the three-months ended March 31, 2024, the fte yield on interest-earning assets increased 71 basis points compared to the three months ended March 31, 2023, while the cost of funds increased 147 basis points. As a ...