Norwood Financial Q1 FY26 net income drops 35.38% to $3.7 million
Norwood Financial Corp.
Norwood Financial Corp. NWFL | 0.00 |
- Norwood Financial posted Q1 net income of $3.7 million, down 35.4%, with EPS of $0.35 versus $0.63 a year earlier.
- Net interest income rose to $24.6 million from $17.9 million, while net interest margin widened 0.38 percentage points to 3.68% on a tax-equivalent basis.
- Provision for credit losses increased to $1.5 million from 857,000, while non-performing loans climbed to $10.3 million, or 0.46% of total loans, from $6.3 million, or 0.34%.
- Total assets grew to $2.92 billion from $2.43 billion, driven by PB Bankshares acquisition, while deposits increased to $2.51 billion from $2.08 billion.
- Merger-related expenses rose by $4.9 million, contributing to other expense increasing to $21 million from $12.1 million.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Norwood Financial Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001013272-26-000005), on May 08, 2026, and is solely responsible for the information contained therein.
