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].

Core Viewpoint - Norwood Financial Corp has appointed John M. McCaffery as the new Executive Vice President and Chief Financial Officer, effective June 24, 2024, to enhance its leadership team and support future growth initiatives [4][8]. Company Overview - Norwood Financial Corp is the parent company of Wayne Bank, operating 14 offices in Northeastern Pennsylvania and 16 offices in New York [1]. Leadership Transition - William S. Lance, the current Executive Vice President and Chief Financial Officer, will transition to the role of Executive Vice President and Chief Strategic Officer on June 24, 2024, before retiring on August 2, 2024 [3]. New CFO Profile - John M. McCaffery brings over 30 years of leadership and finance experience, including previous roles as CFO at Metropolitan Commercial Bank and Newtek Bank, N.A. [2][6]. - McCaffery has expertise in capital raising, M&A transactions, regulatory compliance, and team development, holding a Bachelor of Business Administration in Banking & Finance from Hofstra University [6]. Strategic Importance - The appointment of McCaffery is seen as a strategic move to leverage his experience in managing financial institutions of various sizes, which aligns with the company's growth objectives [8].

Financial Position - Total assets increased to $2.260 billion as of March 31, 2024, from $2.201 billion as of December 31, 2023, driven by a $45.8 million increase in cash and cash equivalents and an $18.0 million increase in loans outstanding [104]. - Total deposits increased by $43.8 million, mainly due to a $49.0 million rise in certificates of deposit, while other deposit categories decreased by $5.2 million [111]. - Total stockholders' equity was $181.2 million as of March 31, 2024, reflecting a $4.4 million increase due to net income, offset by dividends declared and a decrease in the fair value of securities [115]. - Total liquidity as of March 31, 2024, was $510.3 million, representing 22.6% of total assets, an increase from $472.4 million and 21.5% of total assets as of December 31, 2023 [123]. - The maximum borrowing capacity with the Federal Home Loan Bank was approximately $675,110,000 as of March 31, 2024, with $91,179,000 outstanding [125]. Loan Performance - Loans receivable rose to $1.603 billion, with a $16.6 million increase in commercial real estate loans and a $3.4 million increase in commercial loans, partially offset by a $9.1 million decrease in residential, agricultural, and construction loans [106]. - Non-performing loans decreased to $3.735 million, or 0.23% of total loans, compared to $7.622 million, or 0.48% at December 31, 2023, primarily due to a decrease in commercial loans [108]. - The allowance for credit losses was $18.02 million, representing 1.11% of total loans outstanding, down from 1.18% at the end of 2023, with net charge-offs of $323,000 for the three months ended March 31, 2024 [107]. - The provision for credit losses released $624,000 during the three months ended March 31, 2024, compared to a provision of $300,000 for the same period in 2023 [139]. Income and Earnings - For the three months ended March 31, 2024, net income was $4,433,000, down from $5,782,000 for the same period in 2023, representing a decrease of 23.3% [134]. - Earnings per share for the three months ended March 31, 2024, were $0.55, compared to $0.71 for the same period in 2023, reflecting a decline of 22.5% [134]. - Net income for the three months ended March 31, 2024, was $4,433,000, a decrease of 23.4% from $5,782,000 for the same period in 2023 [135]. - Other income totaled $2,006,000 for the three months ended March 31, 2024, an increase of 4.9% from $1,912,000 for the same period in 2023 [141]. Interest Income and Expenses - Net interest income decreased by $1,383,000, contributing to the overall decline in net income [134]. - Interest income (fte) increased to $27,133,000 with a yield on average earning assets of 5.08%, compared to $21,893,000 and 4.37% for the same period in 2023 [137]. - Interest expense for the three months ended March 31, 2024, was $12,228,000, reflecting an increase of 117.5% from $5,618,000 in the same period of 2023 [138]. - The net interest margin (tax equivalent basis) for the three months ended March 31, 2024, was 2.79%, down from 3.25% in the same period of 2023 [128]. - Net interest income (fte) for the three months ended March 31, 2024, totaled $14,905,000, down $1,370,000 or 8.4% from the comparable period in 2023 [136]. Operational Metrics - The annualized return on average assets for the three months ended March 31, 2024, was 0.80%, down from 1.13% in the same period of 2023 [134]. - The annualized return on average equity for the three months ended March 31, 2024, was 9.79%, compared to 13.61% for the same period in 2023 [134]. - Other expenses increased by $1,296,000 or 12.4% to $11,732,000 for the three months ended March 31, 2024, primarily due to increases in salaries, professional fees, and data processing expenses [142]. - The effective tax rate for the three months ended March 31, 2024, was 21.0%, compared to 20.5% for the same period in 2023 [143]. Capital Ratios - Tier 1 Capital to average assets ratio was 8.95% as of March 31, 2024, slightly down from 9.00% at the end of 2023, while Total Capital to risk-weighted assets ratio was 12.99% [117]. - As of March 31, 2024, the Company had a positive 90-day interest sensitivity gap of $57.4 million, indicating that rate-sensitive assets exceeded rate-sensitive liabilities [147].

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 ...

Financial Performance - Net income for Q1 2024 was $4,433,000, a decrease of $1,349,000 from $5,782,000 in Q1 2023, primarily due to a $1,383,000 decrease in net interest income[2] - Earnings per share on a fully diluted basis were $0.55 for Q1 2024, compared to $0.71 in Q1 2023[2] - Net income for Q1 2024 was $4,433,000, compared to $5,782,000 in Q1 2023, reflecting a decrease of about 23.3%[16] - Basic and diluted earnings per share for Q1 2024 were both $0.55, down from $0.71 in Q1 2023, reflecting a decline of approximately 22.5%[16] - Return on average assets was 0.80% for Q1 2024, down from 1.13% in Q1 2023, indicating a decrease of about 29.2%[16] - Return on average equity was 9.79% for Q1 2024, compared to 13.61% in Q1 2023, representing a decline of approximately 28.5%[16] - Net income for Q1 2024 reached $4,433,000, compared to $355,000 in Q4 2023, marking a substantial increase[18] - Basic earnings per share for Q1 2024 were $0.55, up from $0.04 in Q4 2023[18] Assets and Liabilities - Total assets increased to $2.260 billion as of March 31, 2024, up by $156.1 million from the previous year[3] - Total assets increased to $2,260,423,000 as of March 31, 2024, up from $2,201,079,000 at the end of 2023, marking a growth of approximately 2.7%[17] - Loans receivable were $1.621 billion, and total deposits were $1.839 billion as of March 31, 2024[3] - Net loans receivable rose to $1,603,428,000, compared to $1,584,650,000 in Q1 2023, indicating an increase of about 1.2%[17] - Total deposits reached $1,838,998,000, an increase from $1,795,159,000 in Q1 2023, representing a growth of approximately 2.4%[17] - Total deposits increased by 9.8% annually during the first quarter of 2024, while loans grew by 4.5%[8] Income and Expenses - Net interest income on a fully taxable equivalent basis was $14,905,000 in Q1 2024, down from $16,275,000 in Q1 2023[4] - Net interest income for Q1 2024 was $14,710,000, a decrease from $16,093,000 in Q1 2023, representing a decline of approximately 8.6%[16] - Total other income increased to $2,006,000 in Q1 2024, compared to $1,912,000 in Q1 2023[5] - Total other income for Q1 2024 was $2,006,000, a decrease from $2,123,000 in Q4 2023[18] - Operating expenses rose to $11,732,000 in Q1 2024, an increase of $1,296,000 from $10,436,000 in Q1 2023[6] - Total other expenses increased to $11,732,000 in Q1 2024 from $10,849,000 in Q4 2023[18] Credit Quality - The provision for credit losses decreased by $924,000 in Q1 2024, attributed to improved credit quality metrics[7] - The allowance for credit losses was $18,020,000, slightly down from $18,968,000 in Q1 2023, showing a decrease of about 5%[17] - Nonperforming loans to total loans decreased to 0.23% in Q1 2024 from 0.48% in Q4 2023, indicating improved asset quality[18] Interest Metrics - The annualized net interest spread (fte) decreased to 2.07% from 2.83% year-over-year[4] - The net interest margin (fte) for Q1 2024 was 2.79%, down from 2.95% in Q4 2023[18] - Total interest income for Q1 2024 was $26,938,000, an increase of 3.3% from $26,085,000 in Q4 2023[18] Equity - Stockholders' equity increased to $181,213,000 as of March 31, 2024, compared to $181,070,000 at the end of 2023, showing a slight increase of about 0.08%[17] - Book value per share rose to $23.01 in Q1 2024, compared to $22.99 in Q4 2023[18]

FORM 10-K ____________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________ ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File No. 0-28364 _____________________ NORWOOD FINANCIAL CORP (Exact Name of Registrant as Specified in its Charter) _____________________ Pennsylvania 23-2828306 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. ...

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 September 30, 2023 717 Main Street, Honesdale, Pennsylvania 18431 (Address of principal executive offices) (Zip Code) (I.R.S. employer identification no.) Registrant's telephone number, including area code (570) 253-1455 N/A OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ...

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 June 30, 2023 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 ( ...