Norwood Financial (NWFL) - 2024 Q1 - Quarterly Results

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 ...