Norwood Financial Corp announces Third Quarter Financial Results
Key Highlights
- ➤Q3 net income $11.8 million, up $3.4 million year over year
- ➤Q3 net interest income $28.0 million, up $7.6 million year over year
- ➤Q3 diluted EPS $1.08, versus $0.89 in prior-year quarter
- ➤Net interest margin expanded to 4.01%, up 38 basis points year over year
- ➤Total assets reached $2.951 billion, up 18.3% year over year
Expert Statements
Jim Donnelly, President and Chief Executive Officer of Norwood Financial Corp
“The entire Wayne Bank team continued to perform well in the third quarter, delivering record net income and net interest income for the second consecutive quarter.”
Jim Donnelly, President and Chief Executive Officer of Norwood Financial Corp
“In addition to strong income growth, we navigated the bankruptcy related to a borrower relationship, resolving the issue with favorable outcome.”
Jim Donnelly, President and Chief Executive Officer of Norwood Financial Corp
“Net interest margin expanded on disciplined balance sheet management and one-time benefit of the bankruptcy resolution.”
Jim Donnelly, President and Chief Executive Officer of Norwood Financial Corp
“Our financial position is strong and believe we are poised to extend our performance for long-term shareholder value creation.”
Quarterly Highlights: * Record net income of $11.8 million. * Record net interest income of $28.0 million. * Net interest margin 4.01%. * Diluted earnings per share of $1.08. * Total assets of $2.95 billion. * Disciplined execution across the enterprise plus contribution from Presence Bank acquisition contributed to the strong performance. HONESDALE, Pa., Oct. 27, 2026 (GLOBE NEWSWIRE) -- - Norwood Financial Corp (the “Company”) (Nasdaq Global Market-NWFL), the holding company of Wayne Bank, announced results for the three- and nine-month periods ended September 30, 2026.
Jim Donnelly, President and Chief Executive Officer, stated, “The entire Wayne Bank team continued to perform well in the third quarter, delivering record net income and net interest income for the second consecutive quarter. In addition to strong income growth, we navigated the bankruptcy related to a borrower relationship, resolving the issue with favorable outcome. Net interest margin expanded on disciplined balance sheet management and one-time benefit of the bankruptcy resolution. Our financial position is strong and believe we are poised to extend our performance for long-term shareholder value creation.”
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