Latest Norwood Financial (NWFL) Headlines
Nasdaq stocks posting largest percentage increases
AP - Mon Feb 03, 5:02PM CST
NEW YORK (AP) — A look at the 10 biggest percentage gainers on Nasdaq at the close of trading:
Norwood Financial Corp Announces Earnings for the Fourth Quarter and Year
GlobeNewswire - Wed Jan 22, 12:00PM CST
Lewis J. Critelli, President and Chief Executive Officer of Norwood Financial Corp (Nasdaq:NWFL) and its subsidiary Wayne Bank announced earnings today for the three months ended December 31, 2013 of $2,181,000. This represents an increase of $422,000, or 24%, from the $1,759,000 earned in the comparable period of 2012 due primarily to lower loan loss provisions and increased gains on sales of securities. Earnings per share (fully diluted) were $.60 and $.48 for the three-month periods ended December 31, 2013 and 2012, respectively, after giving retroactive effect to the 10% stock dividend declared during the first quarter of 2013. Net interest income before the provision for loan losses improved $66,000 over the same period of last year, while other income increased $194,000 primarily due to increased gains on sales of securities. The provision for loan losses was $400,000 in the current three-month period compared to $800,000 in the same period of last year, while operating expenses increased $45,000. Annualized return on average assets for the current quarter was 1.23% with an annualized return on equity of 9.33%. For the year ended December 31, 2013, net income totaled a record level of $8,465,000, an increase of $62,000 over the $8,403,000 earned in the prior year as an increase in other income and a reduction in income tax expense offset increased operating expenses. Earnings per share on a fully diluted basis were $2.33 for 2013, compared to $2.33 in 2012 after adjusting for the stock dividend. The return on average assets for the year was 1.23% with a return on average equity of 9.13% compared to 1.23% and 9.22%, respectively, in 2012.
Norwood Financial Corp Announces Cash Dividend Increase
GlobeNewswire - Thu Dec 12, 2:00PM CST
Lewis J. Critelli, President and Chief Executive Officer of Norwood Financial Corp (Nasdaq:NWFL) and its subsidiary Wayne Bank today announced that the Board of Directors declared a $.30 per share quarterly dividend payable February 3, 2014 to shareholders of record as of January 15, 2014. The $.30 per share represents a $.02 per share or 7.1% increase over the cash dividend declared in the fourth quarter of last year, after giving retroactive effect to the 10% stock dividend declared in the first quarter of 2013. This payment also reflects a $.01 increase over the cash dividend declared last quarter.
Nasdaq stocks posting largest volume decreases
AP - Wed Nov 13, 5:04PM CST
NEW YORK (AP) — A look at the 10 biggest volume decliners on Nasdaq at the close of trading:
Norwood Financial Corp Announces Third Quarter Earnings
GlobeNewswire - Fri Oct 18, 10:00AM CDT
Lewis J. Critelli, President and Chief Executive Officer of Norwood Financial Corp. (Nasdaq:NWFL) and its subsidiary, Wayne Bank, announced earnings for the three months ended September 30, 2013 of $2,136,000. This represents a slight decrease from the $2,200,000 earned in the same three month period of 2012 due to a reduced level of gains recognized from the sale of loans and securities combined with increased expenses related to foreclosed real estate owned, partially offset by a reduced provision for loan losses. Earnings per share (fully diluted) were $.59 in the 2013 period, decreasing from the $.61 earned in the similar period of last year after adjusting for the retroactive effect of the 10% stock dividend declared during the first quarter of 2013. Annualized return on average assets for the three months ended September 30, 2013 was 1.22% with an annualized return on average equity of 9.33%. Net income for the nine months ended September 30, 2013 totaled $6,284,000, which is $360,000 lower than the same period of 2012 due to increased loan loss provisions and operating expenses. Earnings per share (fully diluted) for the nine months ended September 30, 2013 totaled $1.73 per share compared to $1.84 per share in the 2012 period after adjusting for the 10% stock dividend.
Wayne Bank Hires Chief Lending Officer
GlobeNewswire - Thu Oct 10, 10:45AM CDT
Lewis J. Critelli, President and Chief Executive Officer of Wayne Bank is pleased to announce that James F. Burke has joined Wayne Bank as Senior Vice President and Chief Lending Officer.
Norwood Financial Corp. Announces Cash Dividend
GlobeNewswire - Fri Sep 13, 12:30PM CDT
Lewis J. Critelli, President and Chief Executive Officer of Norwood Financial Corp. (Nasdaq:NWFL) and its subsidiary Wayne Bank announced that the Board of Directors declared a $.29 per share cash dividend payable November 1, 2013 to shareholders of record as of October 15, 2013. The $.29 per share represents a 7.4% increase over the cash dividend declared in the third quarter of last year, after giving retroactive effect to the 10% stock dividend declared in the first quarter of 2013.
Norwood Financial Corp Announces Second Quarter Earnings
GlobeNewswire - Wed Jul 24, 12:30PM CDT
Lewis J. Critelli, President and Chief Executive Officer of Norwood Financial Corp (Nasdaq:NWFL) and its subsidiary, Wayne Bank, announced earnings for the three months ended June 30, 2013 of $1,839,000. This represents a decrease of $419,000 from the $2,258,000 earned in the similar period of 2012 due primarily to an increase in the provision for loan losses. Earnings per share (fully diluted) were $.51 in the 2013 period, decreasing from the $.63 earned in the similar period of 2012 after adjusting for the retroactive effect of the 10% stock dividend declared during the first quarter of 2013. Annualized return on average assets for the three months ended June 30, 2013 was 1.07% with an annualized return on average equity of 7.87%. Net income for the six months ended June 30, 2013 totaled $4,147,000, which is $297,000 lower than the same six month period of last year also due primarily to increased loan loss provisions. Earnings per share (fully diluted) for the six months ended June 30, 2013 and 2012 totaled $1.14 and $1.23 per share, respectively, after adjusting for the 10% stock dividend.
Norwood Financial Corp Holds Annual Meeting of Stockholders
GlobeNewswire - Tue May 07, 3:30PM CDT
The 142 Annual Meeting of Stockholders of Norwood Financial Corp (Nasdaq:NWFL), Parent Company of Wayne Bank was held on Tuesday, April 23rd at the Company's headquarters in Honesdale. At the Reorganizational meeting held subsequently, William W. Davis, Jr. was appointed Vice Chairman of the Company and Bank.
Norwood financial Corp. Announces 10% Stock Dividend
GlobeNewswire - Thu Apr 18, 3:00PM CDT
Norwood Financial Corp. (the "Company") (Nasdaq:NWFL), the bank holding company of Wayne Bank, announced that the Company's Board of Directors had declared a 10% stock dividend. The stock dividend is payable on June 3, 2013, to stockholders of record as of May 15, 2013.
Nasdaq stocks posting largest percentage increases
AP - Mon Feb 03, 5:02PM CST
NEW YORK (AP) — A look at the 10 biggest percentage gainers on Nasdaq at the close of trading:
Norwood Financial Corp Announces Earnings for the Fourth Quarter and Year
GlobeNewswire - Wed Jan 22, 12:00PM CST
Lewis J. Critelli, President and Chief Executive Officer of Norwood Financial Corp (Nasdaq:NWFL) and its subsidiary Wayne Bank announced earnings today for the three months ended December 31, 2013 of $2,181,000. This represents an increase of $422,000, or 24%, from the $1,759,000 earned in the comparable period of 2012 due primarily to lower loan loss provisions and increased gains on sales of securities. Earnings per share (fully diluted) were $.60 and $.48 for the three-month periods ended December 31, 2013 and 2012, respectively, after giving retroactive effect to the 10% stock dividend declared during the first quarter of 2013. Net interest income before the provision for loan losses improved $66,000 over the same period of last year, while other income increased $194,000 primarily due to increased gains on sales of securities. The provision for loan losses was $400,000 in the current three-month period compared to $800,000 in the same period of last year, while operating expenses increased $45,000. Annualized return on average assets for the current quarter was 1.23% with an annualized return on equity of 9.33%. For the year ended December 31, 2013, net income totaled a record level of $8,465,000, an increase of $62,000 over the $8,403,000 earned in the prior year as an increase in other income and a reduction in income tax expense offset increased operating expenses. Earnings per share on a fully diluted basis were $2.33 for 2013, compared to $2.33 in 2012 after adjusting for the stock dividend. The return on average assets for the year was 1.23% with a return on average equity of 9.13% compared to 1.23% and 9.22%, respectively, in 2012.
Norwood Financial Corp Announces Cash Dividend Increase
GlobeNewswire - Thu Dec 12, 2:00PM CST
Lewis J. Critelli, President and Chief Executive Officer of Norwood Financial Corp (Nasdaq:NWFL) and its subsidiary Wayne Bank today announced that the Board of Directors declared a $.30 per share quarterly dividend payable February 3, 2014 to shareholders of record as of January 15, 2014. The $.30 per share represents a $.02 per share or 7.1% increase over the cash dividend declared in the fourth quarter of last year, after giving retroactive effect to the 10% stock dividend declared in the first quarter of 2013. This payment also reflects a $.01 increase over the cash dividend declared last quarter.
Nasdaq stocks posting largest volume decreases
AP - Wed Nov 13, 5:04PM CST
NEW YORK (AP) — A look at the 10 biggest volume decliners on Nasdaq at the close of trading:
Norwood Financial Corp Announces Third Quarter Earnings
GlobeNewswire - Fri Oct 18, 10:00AM CDT
Lewis J. Critelli, President and Chief Executive Officer of Norwood Financial Corp. (Nasdaq:NWFL) and its subsidiary, Wayne Bank, announced earnings for the three months ended September 30, 2013 of $2,136,000. This represents a slight decrease from the $2,200,000 earned in the same three month period of 2012 due to a reduced level of gains recognized from the sale of loans and securities combined with increased expenses related to foreclosed real estate owned, partially offset by a reduced provision for loan losses. Earnings per share (fully diluted) were $.59 in the 2013 period, decreasing from the $.61 earned in the similar period of last year after adjusting for the retroactive effect of the 10% stock dividend declared during the first quarter of 2013. Annualized return on average assets for the three months ended September 30, 2013 was 1.22% with an annualized return on average equity of 9.33%. Net income for the nine months ended September 30, 2013 totaled $6,284,000, which is $360,000 lower than the same period of 2012 due to increased loan loss provisions and operating expenses. Earnings per share (fully diluted) for the nine months ended September 30, 2013 totaled $1.73 per share compared to $1.84 per share in the 2012 period after adjusting for the 10% stock dividend.
Wayne Bank Hires Chief Lending Officer
GlobeNewswire - Thu Oct 10, 10:45AM CDT
Lewis J. Critelli, President and Chief Executive Officer of Wayne Bank is pleased to announce that James F. Burke has joined Wayne Bank as Senior Vice President and Chief Lending Officer.
Norwood Financial Corp. Announces Cash Dividend
GlobeNewswire - Fri Sep 13, 12:30PM CDT
Lewis J. Critelli, President and Chief Executive Officer of Norwood Financial Corp. (Nasdaq:NWFL) and its subsidiary Wayne Bank announced that the Board of Directors declared a $.29 per share cash dividend payable November 1, 2013 to shareholders of record as of October 15, 2013. The $.29 per share represents a 7.4% increase over the cash dividend declared in the third quarter of last year, after giving retroactive effect to the 10% stock dividend declared in the first quarter of 2013.
Norwood Financial Corp Announces Second Quarter Earnings
GlobeNewswire - Wed Jul 24, 12:30PM CDT
Lewis J. Critelli, President and Chief Executive Officer of Norwood Financial Corp (Nasdaq:NWFL) and its subsidiary, Wayne Bank, announced earnings for the three months ended June 30, 2013 of $1,839,000. This represents a decrease of $419,000 from the $2,258,000 earned in the similar period of 2012 due primarily to an increase in the provision for loan losses. Earnings per share (fully diluted) were $.51 in the 2013 period, decreasing from the $.63 earned in the similar period of 2012 after adjusting for the retroactive effect of the 10% stock dividend declared during the first quarter of 2013. Annualized return on average assets for the three months ended June 30, 2013 was 1.07% with an annualized return on average equity of 7.87%. Net income for the six months ended June 30, 2013 totaled $4,147,000, which is $297,000 lower than the same six month period of last year also due primarily to increased loan loss provisions. Earnings per share (fully diluted) for the six months ended June 30, 2013 and 2012 totaled $1.14 and $1.23 per share, respectively, after adjusting for the 10% stock dividend.
Norwood Financial Corp Holds Annual Meeting of Stockholders
GlobeNewswire - Tue May 07, 3:30PM CDT
The 142 Annual Meeting of Stockholders of Norwood Financial Corp (Nasdaq:NWFL), Parent Company of Wayne Bank was held on Tuesday, April 23rd at the Company's headquarters in Honesdale. At the Reorganizational meeting held subsequently, William W. Davis, Jr. was appointed Vice Chairman of the Company and Bank.
Norwood financial Corp. Announces 10% Stock Dividend
GlobeNewswire - Thu Apr 18, 3:00PM CDT
Norwood Financial Corp. (the "Company") (Nasdaq:NWFL), the bank holding company of Wayne Bank, announced that the Company's Board of Directors had declared a 10% stock dividend. The stock dividend is payable on June 3, 2013, to stockholders of record as of May 15, 2013.
