Norwood Financial Cp (NWFL) 28.50 $NWFL
Norwood Financial Corp. Completes Acquisition Of Delaware Bancshares, Inc.
GlobeNewswire - Mon Aug 01, 8:30AM CDT
Norwood Financial Corp. (NASDAQ:NWFL) ("Norwood"
, the holding company for Wayne Bank, announced today that that it had completed its acquisition of Delaware Bancshares, Inc. ("Delaware" and its wholly-owned subsidiary, NBDC Bank effective as of July 31, 2016. NBDC Bank has been merged into Wayne Bank. At their election, Delaware shareholders are receiving either $16.68 in cash or 0.6221 shares of Norwood common stock for each share of Delaware common stock held subject to the allocation and proration procedures set forth in the Merger Agreement. All Delaware shareholders who elected to receive stock will receive stock, and all Delaware shareholders who elected to receive cash will receive cash. Delaware shareholders who did not make a valid election will receive the cash consideration of $16.68 per share for approximately 35.5% of their Delaware shares and the stock consideration of 0.6221 shares of Norwood common stock for approximately 64.5% of their Delaware shares. In lieu of fractional shares of Norwood common stock, Delaware shareholders will receive cash at the rate of $27.99 per share of Norwood common stock. Shareholders who have not previously surrendered their share certificates will receive information shortly on how to exchange their shares for the merger consideration to which they are entitled.
NWFL: 28.50 (+0.35)
Norwood Financial Corp. Announces Results of Elections Regarding Merger Consideration and Anticipated Closing Date for Acquisition of Delaware Bancshares, Inc.
GlobeNewswire - Wed Jul 06, 3:08PM CDT
Norwood Financial Corp. (Nasdaq:NWFL) today announced the results of elections made by the shareholders of Delaware Bancshares, Inc. (OTCPK
BAI) as to the form of merger consideration to be received in the pending merger of Delaware Bancshares with and into Norwood Financial. Norwood also announced that it anticipates completing the merger on or about July 31, 2016. The proposed merger has received all required regulatory approvals and has been approved by the shareholders of Delaware Bancshares. It remains subject to the satisfaction of other customary closing conditions.
NWFL: 28.50 (+0.35)
Norwood Financial Corp. Announces Receipt of Regulatory Approvals for Acquisition of Delaware Bancshares, Inc.
GlobeNewswire - Wed Jun 22, 10:00AM CDT
Norwood Financial Corp. (NASDAQ:NWFL), the holding company for Wayne Bank headquartered in Honesdale, Pennsylvania, announced that it had received final regulatory approvals for its proposed acquisition of Delaware Bancshares, Inc. and its wholly owned subsidiary, The National Bank of Delaware County. Subject to the satisfaction of various closing conditions including the approval of the merger by Delaware's shareholders at a special meeting to be held on June 24, 2016, the closing for the acquisition remains on track for the third quarter.
NWFL: 28.50 (+0.35)
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: 28.50 (+0.35)
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: 28.50 (+0.35)
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. (OTCPKBAI), 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: 28.50 (+0.35)
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: 28.50 (+0.35)
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: 28.50 (+0.35)
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: 28.50 (+0.35)
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: 28.50 (+0.35)
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: 28.50 (+0.35)
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: 28.50 (+0.35)
Norwood Financial Corp. Completes Acquisition Of Delaware Bancshares, Inc.
GlobeNewswire - Mon Aug 01, 8:30AM CDT
Norwood Financial Corp. (NASDAQ:NWFL) ("Norwood"
, the holding company for Wayne Bank, announced today that that it had completed its acquisition of Delaware Bancshares, Inc. ("Delaware" and its wholly-owned subsidiary, NBDC Bank effective as of July 31, 2016. NBDC Bank has been merged into Wayne Bank. At their election, Delaware shareholders are receiving either $16.68 in cash or 0.6221 shares of Norwood common stock for each share of Delaware common stock held subject to the allocation and proration procedures set forth in the Merger Agreement. All Delaware shareholders who elected to receive stock will receive stock, and all Delaware shareholders who elected to receive cash will receive cash. Delaware shareholders who did not make a valid election will receive the cash consideration of $16.68 per share for approximately 35.5% of their Delaware shares and the stock consideration of 0.6221 shares of Norwood common stock for approximately 64.5% of their Delaware shares. In lieu of fractional shares of Norwood common stock, Delaware shareholders will receive cash at the rate of $27.99 per share of Norwood common stock. Shareholders who have not previously surrendered their share certificates will receive information shortly on how to exchange their shares for the merger consideration to which they are entitled. NWFL: 28.50 (+0.35)
Norwood Financial Corp. Announces Results of Elections Regarding Merger Consideration and Anticipated Closing Date for Acquisition of Delaware Bancshares, Inc.
GlobeNewswire - Wed Jul 06, 3:08PM CDT
Norwood Financial Corp. (Nasdaq:NWFL) today announced the results of elections made by the shareholders of Delaware Bancshares, Inc. (OTCPK
BAI) as to the form of merger consideration to be received in the pending merger of Delaware Bancshares with and into Norwood Financial. Norwood also announced that it anticipates completing the merger on or about July 31, 2016. The proposed merger has received all required regulatory approvals and has been approved by the shareholders of Delaware Bancshares. It remains subject to the satisfaction of other customary closing conditions. NWFL: 28.50 (+0.35)
Norwood Financial Corp. Announces Receipt of Regulatory Approvals for Acquisition of Delaware Bancshares, Inc.
GlobeNewswire - Wed Jun 22, 10:00AM CDT
Norwood Financial Corp. (NASDAQ:NWFL), the holding company for Wayne Bank headquartered in Honesdale, Pennsylvania, announced that it had received final regulatory approvals for its proposed acquisition of Delaware Bancshares, Inc. and its wholly owned subsidiary, The National Bank of Delaware County. Subject to the satisfaction of various closing conditions including the approval of the merger by Delaware's shareholders at a special meeting to be held on June 24, 2016, the closing for the acquisition remains on track for the third quarter.
NWFL: 28.50 (+0.35)
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: 28.50 (+0.35)
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: 28.50 (+0.35)
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: 28.50 (+0.35)
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: 28.50 (+0.35)
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: 28.50 (+0.35)
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: 28.50 (+0.35)
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: 28.50 (+0.35)
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: 28.50 (+0.35)
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: 28.50 (+0.35)
