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1.62224368895E-16 -0.0136986301369862 -0.0136986301369862 -0.0136986301369862 -0.0136986301369862 -0.0136986301369862 -0.0136986301369862 -0.0136986301369862
Stock impact report

Norwood Financial Corp. Announces First Quarter Earnings

Norwood Financial Corp. (NWFL) 
US:NASDAQ Investor Relations: waynebank.com/stockholder-services
Company Research Source: GlobeNewswire
HONESDALE, Pa., April 23, 2020 (GLOBE NEWSWIRE) -- Lewis J. Critelli, President and Chief Executive Officer of Norwood Financial Corp. (Nasdaq Global Market – NWFL) and its subsidiary, Wayne Bank, announced earnings of $3,079,000 for the three months ended March 31, 2020, decreasing from the $3,190,000 recorded during the same three-month period of last year.  The decrease was due to an increased provision for loan losses related to the current period of economic uncertainty.  Earnings per share on a fully diluted basis were $0.49 in the first quarter of this year compared to $0.51 in the first quarter of 2019.  The annualized return on average assets was 1.01% in the first quarter of 2020 and the annualized return on average equity was 8.79%, compared to 1.09% and 10.37%, respectively, in the first quarter of 2019. Total assets were $1.242 billion as of March 31, 2020, an increase of $38.7 million compared to March 31, 2019.  Total loans increased $64.4 millio Show less Read more
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