Norwood Financial Cp (NWFL) 27.92 $NWFL
Norwood Financial Corp Holds Annual Meeting of Stockholders
GlobeNewswire - Thu Apr 28, 12:30PM CDT
The 145th Annual Meeting of Stockholders of Norwood Financial Corp (Nasdaq:NWFL), Parent Company of Wayne Bank was held on Tuesday, April 26th at the Company's headquarters in Honesdale.
NWFL: 27.92 (+0.09)
Norwood Financial Corp. Announces First Quarter Earnings
GlobeNewswire - Fri Apr 22, 12:30PM CDT
Lewis J. Critelli, President and Chief Executive Officer of Norwood Financial Corp. (Nasdaq:NWFL) and its subsidiary, Wayne Bank, announced earnings of $1,876,000 for the three months ended March 31, 2016 which represents a decrease from the $2,041,000 recorded during the same three-month period of last year. The decrease was principally due to a higher level of gains on sales of securities in the 2015 period. Earnings per share on a fully diluted basis were $0.51 in the first quarter of this year compared to $0.55 in the first quarter of 2015. The annualized return on average assets was 1.00% in the first quarter of 2016 and the annualized return on average equity was 7.33%, compared to 1.15% and 8.22%, respectively, in the first quarter of 2015.
NWFL: 27.92 (+0.09)
Norwood Financial Corp. to Acquire Delaware Bancshares, Inc.
GlobeNewswire - Thu Mar 10, 3:29PM CST
Norwood Financial Corp. (NASDAQ:NWFL), the holding company for Wayne Bank, Honesdale, Pennsylvania and Delaware Bancshares, Inc. (OTCPK
BAI), the holding company for NBDC Bank, Walton, New York, jointly announced today the signing of a definitive merger agreement pursuant to which Norwood Financial Corp. will acquire Delaware Bancshares, Inc. in a stock and cash transaction. The transaction will extend Norwood Financial Corp.'s footprint into neighboring Sullivan and Delaware Counties, New York. The combined company will have over $1.0 billion in assets and 27 offices throughout four counties in Northeastern Pennsylvania and two neighboring counties in Southwestern New York.
NWFL: 27.92 (+0.09)
Norwood Financial Corp Announces Cash Dividend
GlobeNewswire - Wed Mar 09, 3:00PM CST
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 $.31 per share quarterly dividend payable May 2, 2016 to shareholders of record as of April 15, 2016. The $.31 per share equals the per share dividend declared in the prior quarter and the first quarter of 2015.
NWFL: 27.92 (+0.09)
Norwood Financial posts 4Q profit
Automated Insights - Fri Jan 29, 3:31PM CST
HONESDALE, Pa. (AP) _ Norwood Financial Corp. (NWFL) on Friday reported fourth-quarter profit of $128,000.
NWFL: 27.92 (+0.09)
Norwood Financial Corp Announces Earnings for the Fourth Quarter and Year
GlobeNewswire - Fri Jan 29, 3:15PM CST
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 December 31, 2015 of $128,000. This represents a decrease from the $1,541,000 earned in the comparable period of 2014 due primarily to a $2,400,000 increase in the provision for loan losses. Earnings per share (fully diluted) were $.04 and $.42 for the three-month periods ended December 31, 2015 and 2014 respectively. Net interest income before the provision for loan losses increased $7,000 compared to the same period of last year, while other income decreased $111,000. A provision for loan losses of $2,820,000 was recorded in the current three-month period compared to $420,000 in the same period of last year in order to replenish the reserve for loan losses after recognizing $1,268,000 of net charge-offs during the 2015 period. Operating expenses decreased $323,000 due primarily to a $347,000 decrease in foreclosed real estate costs. For the year ended December 31, 2015, net income totaled $5,908,000, a decrease of $1,749,000 from the $7,657,000 earned in the prior year as a $2,900,000 increase in the provision for loan losses offset a $644,000 decrease in foreclosed real estate costs. Earnings per share on a fully diluted basis were $1.60 for 2015 compared to $2.10 in 2014. The return on average assets for the year was 0.80% with a return on average equity of 5.83% compared to 1.08% and 7.92%, respectively, in 2014.
NWFL: 27.92 (+0.09)
Norwood Financial Corp and Wayne Bank Appoint Joseph W. Adams to the Board of Directors
GlobeNewswire - Thu Nov 12, 7:57AM CST
Lewis J. Critelli, President and Chief Executive Officer of Norwood Financial Corp (NASDAQ:NWFL) and its subsidiary, Wayne Bank, announce the appointment of Joseph W. Adams to their respective Boards of Directors.
NWFL: 27.92 (+0.09)
Norwood Financial Corp Announces Third Quarter Earnings
GlobeNewswire - Fri Oct 30, 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 September 30, 2015 of $1,777,000. This represents a $341,000 decrease from the $2,118,000 earned in the same three-month period of 2014 due to a reduced level of gains from securities sales and a $300,000 increase in the provision for loan losses. Earnings per share (fully diluted) were $.48 in the 2015 period, decreasing from the $.58 earned in the similar period of last year. Net income for the nine months ended September 30, 2015 totaled $5,781,000, which is $335,000 lower than the same period of 2014 primarily due to an additional $500,000 provision to the allowance for loan losses. Earnings per share (fully diluted) for the nine months ended September 30, 2015 totaled $1.57 per share compared to $1.68 per share in the 2014 period. The annualized return on average assets and average equity for the nine month period was 1.05% and 7.65%, respectively.
NWFL: 27.92 (+0.09)
Norwood Financial Corp Announces Second Quarter Earnings
GlobeNewswire - Wed Jul 22, 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, 2015 of $1,963,000. This represents a decrease of $71,000, from the $2,034,000 earned in the similar period of 2014 due primarily to a decrease in gains on sales of securities which was partially offset by reduced operating expenses. Earnings per share (fully diluted) were $.53 in the 2015 period, decreasing from the $.56 earned in the similar period of 2014. Annualized return on average assets for the three months ended June 30, 2015 was 1.06% with an annualized return on average equity of 7.80%. Net income for the six months ended June 30, 2015 totaled $4,004,000, which is slightly higher than the same six-month period of last year. Earnings per share (fully diluted) for the six months ended June 30, 2015 and 2014 totaled $1.08 and $1.10 per share, respectively.
NWFL: 27.92 (+0.09)
Norwood Financial Corp Holds Annual Meeting of Stockholders
GlobeNewswire - Thu Apr 28, 12:30PM CDT
The 145th Annual Meeting of Stockholders of Norwood Financial Corp (Nasdaq:NWFL), Parent Company of Wayne Bank was held on Tuesday, April 26th at the Company's headquarters in Honesdale.
NWFL: 27.92 (+0.09)
Norwood Financial Corp. Announces First Quarter Earnings
GlobeNewswire - Fri Apr 22, 12:30PM CDT
Lewis J. Critelli, President and Chief Executive Officer of Norwood Financial Corp. (Nasdaq:NWFL) and its subsidiary, Wayne Bank, announced earnings of $1,876,000 for the three months ended March 31, 2016 which represents a decrease from the $2,041,000 recorded during the same three-month period of last year. The decrease was principally due to a higher level of gains on sales of securities in the 2015 period. Earnings per share on a fully diluted basis were $0.51 in the first quarter of this year compared to $0.55 in the first quarter of 2015. The annualized return on average assets was 1.00% in the first quarter of 2016 and the annualized return on average equity was 7.33%, compared to 1.15% and 8.22%, respectively, in the first quarter of 2015.
NWFL: 27.92 (+0.09)
Norwood Financial Corp. to Acquire Delaware Bancshares, Inc.
GlobeNewswire - Thu Mar 10, 3:29PM CST
Norwood Financial Corp. (NASDAQ:NWFL), the holding company for Wayne Bank, Honesdale, Pennsylvania and Delaware Bancshares, Inc. (OTCPK
BAI), the holding company for NBDC Bank, Walton, New York, jointly announced today the signing of a definitive merger agreement pursuant to which Norwood Financial Corp. will acquire Delaware Bancshares, Inc. in a stock and cash transaction. The transaction will extend Norwood Financial Corp.'s footprint into neighboring Sullivan and Delaware Counties, New York. The combined company will have over $1.0 billion in assets and 27 offices throughout four counties in Northeastern Pennsylvania and two neighboring counties in Southwestern New York. NWFL: 27.92 (+0.09)
Norwood Financial Corp Announces Cash Dividend
GlobeNewswire - Wed Mar 09, 3:00PM CST
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 $.31 per share quarterly dividend payable May 2, 2016 to shareholders of record as of April 15, 2016. The $.31 per share equals the per share dividend declared in the prior quarter and the first quarter of 2015.
NWFL: 27.92 (+0.09)
Norwood Financial posts 4Q profit
Automated Insights - Fri Jan 29, 3:31PM CST
HONESDALE, Pa. (AP) _ Norwood Financial Corp. (NWFL) on Friday reported fourth-quarter profit of $128,000.
NWFL: 27.92 (+0.09)
Norwood Financial Corp Announces Earnings for the Fourth Quarter and Year
GlobeNewswire - Fri Jan 29, 3:15PM CST
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 December 31, 2015 of $128,000. This represents a decrease from the $1,541,000 earned in the comparable period of 2014 due primarily to a $2,400,000 increase in the provision for loan losses. Earnings per share (fully diluted) were $.04 and $.42 for the three-month periods ended December 31, 2015 and 2014 respectively. Net interest income before the provision for loan losses increased $7,000 compared to the same period of last year, while other income decreased $111,000. A provision for loan losses of $2,820,000 was recorded in the current three-month period compared to $420,000 in the same period of last year in order to replenish the reserve for loan losses after recognizing $1,268,000 of net charge-offs during the 2015 period. Operating expenses decreased $323,000 due primarily to a $347,000 decrease in foreclosed real estate costs. For the year ended December 31, 2015, net income totaled $5,908,000, a decrease of $1,749,000 from the $7,657,000 earned in the prior year as a $2,900,000 increase in the provision for loan losses offset a $644,000 decrease in foreclosed real estate costs. Earnings per share on a fully diluted basis were $1.60 for 2015 compared to $2.10 in 2014. The return on average assets for the year was 0.80% with a return on average equity of 5.83% compared to 1.08% and 7.92%, respectively, in 2014.
NWFL: 27.92 (+0.09)
Norwood Financial Corp and Wayne Bank Appoint Joseph W. Adams to the Board of Directors
GlobeNewswire - Thu Nov 12, 7:57AM CST
Lewis J. Critelli, President and Chief Executive Officer of Norwood Financial Corp (NASDAQ:NWFL) and its subsidiary, Wayne Bank, announce the appointment of Joseph W. Adams to their respective Boards of Directors.
NWFL: 27.92 (+0.09)
Norwood Financial Corp Announces Third Quarter Earnings
GlobeNewswire - Fri Oct 30, 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 September 30, 2015 of $1,777,000. This represents a $341,000 decrease from the $2,118,000 earned in the same three-month period of 2014 due to a reduced level of gains from securities sales and a $300,000 increase in the provision for loan losses. Earnings per share (fully diluted) were $.48 in the 2015 period, decreasing from the $.58 earned in the similar period of last year. Net income for the nine months ended September 30, 2015 totaled $5,781,000, which is $335,000 lower than the same period of 2014 primarily due to an additional $500,000 provision to the allowance for loan losses. Earnings per share (fully diluted) for the nine months ended September 30, 2015 totaled $1.57 per share compared to $1.68 per share in the 2014 period. The annualized return on average assets and average equity for the nine month period was 1.05% and 7.65%, respectively.
NWFL: 27.92 (+0.09)
Norwood Financial Corp Announces Second Quarter Earnings
GlobeNewswire - Wed Jul 22, 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, 2015 of $1,963,000. This represents a decrease of $71,000, from the $2,034,000 earned in the similar period of 2014 due primarily to a decrease in gains on sales of securities which was partially offset by reduced operating expenses. Earnings per share (fully diluted) were $.53 in the 2015 period, decreasing from the $.56 earned in the similar period of 2014. Annualized return on average assets for the three months ended June 30, 2015 was 1.06% with an annualized return on average equity of 7.80%. Net income for the six months ended June 30, 2015 totaled $4,004,000, which is slightly higher than the same six-month period of last year. Earnings per share (fully diluted) for the six months ended June 30, 2015 and 2014 totaled $1.08 and $1.10 per share, respectively.
NWFL: 27.92 (+0.09)
