Norwood Financial announces third quarter results

Posted 11/28/24

HONESDALE, PA — Norwood Financial Corp (Nasdaq Global Market-NWFL) and its subsidiary, Wayne Bank, announced earnings for the three months ending September 30, 2024 of $3.8 million, which was …

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Norwood Financial announces third quarter results

Posted

HONESDALE, PA — Norwood Financial Corp (Nasdaq Global Market-NWFL) and its subsidiary, Wayne Bank, announced earnings for the three months ending September 30, 2024 of $3.8 million, which was $275,000 lower than the same three-month period of last year.

Net interest income was up by $892,000, which was offset by increases in operating expenses and the provision for credit losses.

Earnings per share (fully diluted) were $0.48 in the three months ended September 30, 2024, compared to $0.51 in the same period of last year. The annualized return on average assets for the three months ended September 30, 2024, was 0.68 percent, while the annualized return on average tangible equity was 9.58 percent. 

Wayne Bank, Norwood Financial, earnings

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