Norwood Financial Corp Reports Decline in Net Income Amid Rising Interest Rates [Yahoo! Finance]
Norwood Financial Corp. (NWFL)
US:NASDAQ Investor Relations:
waynebank.com/stockholder-services
Company Research
Source: Yahoo! Finance
Net Interest Income : Decreased by $1,939,000 in Q4 and $6,330,000 annually. Provision for Credit Losses : Increased by $5,816,000 in Q4 and $4,648,000 for the year. Total Assets : Grew to $2.201 billion as of December 31, 2023. Loan Portfolio : Loans receivable increased by $129.7 million to $1.604 billion. Deposits : Total deposits rose to $1.795 billion, a 3.90% increase. Warning! GuruFocus has detected 4 Warning Signs with NWFL. On January 29, 2024, Norwood Financial Corp ( NASDAQ:NWFL ) released its 8-K filing , detailing the financial results for the fourth quarter and the fiscal year ended December 31, 2023. The bank holding company, which serves various counties in Pennsylvania and New York through its subsidiary Wayne Bank, reported a significant decrease in net income for both the quarter and the year, primarily due to a decrease in net interest income and an increase in the provision for credit losses. Financial Performance Overview NWFL's net income for th
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News
- Norwood Financial Corp Holds Annual Meeting of Shareholders [Yahoo! Finance]Yahoo! Finance
- Norwood Financial Corp Holds Annual Meeting of ShareholdersGlobeNewswire
- Norwood Financial Corp. (NASDAQ: NWFL) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Norwood Financial First Quarter 2024 Earnings: EPS: US$0.55 (vs US$0.71 in 1Q 2023) [Yahoo! Finance]Yahoo! Finance
- Norwood Financial Corp Announces First Quarter 2024 EarningsGlobeNewswire
NWFL
Sec Filings
- 4/26/24 - Form 8-K
- 4/25/24 - Form 4
- 4/24/24 - Form 4
- NWFL's page on the SEC website