Norwood Financial Corp. (NWFL) declares $0.28/share quarterly? dividend.Payable Nov.
HONESDALE, Pa., Sept. 16, 2022 (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 declared a $.28 per share cash dividend, which is payable November 1, 2022 to shareholders of record as of October 14, 2022. The $.28 per share equals the per share dividend declared in the prior quarter, and represents a 7.7% increase over the cash dividend declared in the third quarter of 2021.
Norwood Financial press release (NWFL): Q2 GAAP EPS of $0.84.Revenue of $19.38M (+6.3% Y/Y).
HONESDALE, Pa., July 22, 2022 (GLOBE NEWSWIRE) -- James O. Donnelly, President and Chief Executive Officer of Norwood Financial Corp (Nasdaq Global Market-NWFL) and its subsidiary, Wayne Bank, announced earnings for the three months ended June 30, 2022 of $6,855,000, which was $1,100,000, or 19.1%, higher than the same three-month period of last year. The increase includes an $841,000 increase in net interest income, a $1,200,000 decrease in the provision for loan losses, and a $302,000 increase in total other income. Earnings per share (fully diluted) were $0.84 in the three months ended June 30, 2022, compared to $0.70 in the same period of last year. The annualized return on average assets for the three months ended June 30, 2022, was 1.35%, while the annualized return on average tangible equity was 18.16%. Net income for the six months ended June 30, 2022, was $13,983,000, which is $2,687,000 higher than the same six-month period of 2021, due to increases in net interest income and total other income, and a decrease in the provision for loan losses of $2,400,000.
Norwood Financial (NWFL) reported excellent results in the first quarter. Read more to why I am on the sidelines when it comes to NWFL stock.
Chairman William W. Davis, Jr. has announced his decision to retire from Norwood Financial''s (NWFL) and its subsidiary Wayne Bank''s Board, effective annual shareholder meeting on Apr
Norwood Financial press release (NWFL): Q1 GAAP EPS of $0.87.Revenue of $19.44M (+9.4% Y/Y).
HONESDALE, Pa., July 23, 2021 (GLOBE NEWSWIRE) -- Lewis J. Critelli, President and Chief Executive Officer of Norwood Financial Corp (Nasdaq Global Market-NWFL) and its subsidiary, Wayne Bank, announced record earnings for the three months ended June 30, 2021 of $5,755,000, which was $4,267,000, or 287%, higher than the similar period of last year. The increase reflects the benefits derived from the Companys acquisition of UpState New York Bancorp, Inc. (UpState), which closed on July 7, 2020, and fee income related to Paycheck Protection Program (PPP) loans. Earnings per share (fully diluted) were $0.70 in the 2021 period compared to $0.24 in the same period of last year. The annualized return on average assets for the three months ended June 30, 2021 was 1.15%, while the annualized return on average tangible equity was 13.63%. Net income for the six months ended June 30, 2021 totaled $11,296,000, which is $6,729,000 higher than the same six-month period of 2020 due to the benefits derived from the acquisition of UpState and PPP fees earned.