Norwood Financial Corp. Q1 Earnings Decline
Ticker: NWFL · Form: 8-K · Filed: Apr 22, 2024 · CIK: 1013272
| Field | Detail |
|---|---|
| Company | Norwood Financial Corp (NWFL) |
| Form Type | 8-K |
| Filed Date | Apr 22, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.10 |
| Sentiment | bearish |
Sentiment: bearish
Topics: earnings, financial-results
TL;DR
Norwood Financial's Q1 profit down YoY, EPS dropped to $0.43.
AI Summary
Norwood Financial Corp. announced its first quarter 2024 financial results on April 22, 2024. The company reported net income of $3.6 million for the quarter ended March 31, 2024, a decrease from $4.1 million in the same period of 2023. Earnings per diluted share were $0.43, down from $0.48 year-over-year.
Why It Matters
This report indicates a decrease in profitability for Norwood Financial Corp. in the first quarter of 2024 compared to the previous year, which could impact investor sentiment and future stock performance.
Risk Assessment
Risk Level: medium — The decline in net income and earnings per share suggests potential headwinds or challenges impacting the company's financial performance.
Key Numbers
- $3.6M — Q1 2024 Net Income (Represents the company's profitability for the first quarter of 2024.)
- $0.43 — Q1 2024 EPS (Indicates the earnings attributable to each outstanding share of common stock for the first quarter of 2024.)
Key Players & Entities
- Norwood Financial Corp. (company) — Registrant
- April 22, 2024 (date) — Date of Report
- $3.6 million (dollar_amount) — Net income for Q1 2024
- $4.1 million (dollar_amount) — Net income for Q1 2023
- $0.43 (dollar_amount) — Earnings per diluted share for Q1 2024
- $0.48 (dollar_amount) — Earnings per diluted share for Q1 2023
FAQ
What was Norwood Financial Corp.'s net income for the first quarter of 2024?
Norwood Financial Corp.'s net income for the first quarter of 2024 was $3.6 million.
How does the Q1 2024 net income compare to Q1 2023?
The Q1 2024 net income of $3.6 million is a decrease from $4.1 million reported for the same period in 2023.
What were the earnings per diluted share for the first quarter of 2024?
The earnings per diluted share for the first quarter of 2024 were $0.43.
What was the previous year's earnings per diluted share for the same quarter?
The earnings per diluted share for the first quarter of 2023 were $0.48.
What is the company's principal executive office address?
The principal executive offices are located at 717 Main Street, Honesdale, Pennsylvania 18431.
Filing Stats: 486 words · 2 min read · ~2 pages · Grade level 11.1 · Accepted 2024-04-22 09:02:00
Key Financial Figures
- $0.10 — ich registered Common Stock, par value $0.10 per share NWFL The Nasdaq Stock Mar
Filing Documents
- d811572d8k.htm (8-K) — 26KB
- d811572dex991.htm (EX-99.1) — 197KB
- 0001193125-24-103920.txt ( ) — 354KB
- nwfl-20240422.xsd (EX-101.SCH) — 3KB
- nwfl-20240422_lab.xml (EX-101.LAB) — 17KB
- nwfl-20240422_pre.xml (EX-101.PRE) — 11KB
- d811572d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits: The following exhibits are being furnished with this report. No. Description 99.1 Press Release dated April 22, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. NORWOOD FINANCIAL CORP Date: April 22, 2024 By: /s/ William S. Lance William S. Lance Executive Vice President and Chief Financial Officer (Duly Authorized Representative)