Norwood Financial Corp. Reports Q2 Earnings Growth
Ticker: NWFL · Form: 8-K · Filed: Jul 26, 2024 · CIK: 1013272
| Field | Detail |
|---|---|
| Company | Norwood Financial Corp (NWFL) |
| Form Type | 8-K |
| Filed Date | Jul 26, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.10 |
| Sentiment | bullish |
Sentiment: bullish
Topics: earnings, financial-results
TL;DR
Norwood Financial Corp. beat expectations with a strong Q2, net income up to $5.7M!
AI Summary
Norwood Financial Corp. announced its second quarter 2024 financial results on July 26, 2024. The company reported net income of $5.7 million for the quarter, an increase from $4.9 million in the same period last year. Earnings per diluted share were $0.63, up from $0.55 in the second quarter of 2023.
Why It Matters
The company's improved profitability in the second quarter suggests a positive financial trajectory, which could impact investor confidence and stock valuation.
Risk Assessment
Risk Level: low — This is a routine earnings report with no significant negative events or disclosures.
Key Numbers
- $5.7M — Q2 2024 Net Income (Represents an increase from the prior year's quarter.)
- $0.63 — Q2 2024 EPS (Shows improved profitability on a per-share basis.)
Key Players & Entities
- Norwood Financial Corp. (company) — Registrant
- July 26, 2024 (date) — Date of Report
- $5.7 million (dollar_amount) — Net income for Q2 2024
- $4.9 million (dollar_amount) — Net income for Q2 2023
- $0.63 (dollar_amount) — Earnings per diluted share for Q2 2024
- $0.55 (dollar_amount) — Earnings per diluted share for Q2 2023
FAQ
What were Norwood Financial Corp.'s net income and earnings per share for the second quarter of 2024?
Norwood Financial Corp. reported net income of $5.7 million and earnings per diluted share of $0.63 for the second quarter of 2024.
How do the Q2 2024 results compare to the same period in 2023?
Net income increased from $4.9 million in Q2 2023 to $5.7 million in Q2 2024, and earnings per diluted share rose from $0.55 to $0.63.
What is the company's state of incorporation and fiscal year end?
The company is incorporated in Pennsylvania and its fiscal year ends on December 31.
What is the principal executive office address for Norwood Financial Corp.?
The principal executive offices are located at 717 Main Street, Honesdale, Pennsylvania 18431.
What is the SIC code for Norwood Financial Corp.?
The Standard Industrial Classification (SIC) code for Norwood Financial Corp. is 6022, which corresponds to State Commercial Banks.
Filing Stats: 485 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-07-26 08:59:30
Key Financial Figures
- $0.10 — ich registered Common Stock, par value $0.10 per share NWFL The Nasdaq Stock Mar
Filing Documents
- d871470d8k.htm (8-K) — 26KB
- d871470dex991.htm (EX-99.1) — 239KB
- g871470g0726004747913.jpg (GRAPHIC) — 9KB
- 0001193125-24-185504.txt ( ) — 411KB
- nwfl-20240726.xsd (EX-101.SCH) — 3KB
- nwfl-20240726_lab.xml (EX-101.LAB) — 17KB
- nwfl-20240726_pre.xml (EX-101.PRE) — 11KB
- d871470d8k_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 July 26, 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:July 26, 2024 By: /s/ John M. McCaffery John M. McCaffery Executive Vice President and Chief Financial Officer (Duly Authorized Representative)