Norwood Financial Corp announces Third Quarter Financial Results
Norwood Financial reported record Q3 2026 net income of $11.8 million, with diluted EPS of $1.08 versus $0.89 a year earlier. Net interest income hit a record $28.0 million and the net interest margin expanded to 4.01% from 3.63%, helped by disciplined balance sheet management and a one-time benefit from resolving a borrower bankruptcy — a loan was purchased by a new entity with all past-due interest, DIP financing, and fees settled. Total assets grew 18.3% year-over-year to $2.95 billion, with loans up 20.9% and deposits up 17.3%, reflecting the Presence Bank acquisition contribution.
Key figures
- Eps
- 1.08
- Revenue
- 0
- Net income
- $11.8 million
- Total assets
- $2.951 billion
- Q2 charge off
- $729 thousand
- Eps prior year
- 0.89
- Nim prior year
- 3.63%
- Total deposits
- $2.509 billion
- Loans receivable
- $2.294 billion
- Net interest income
- $28.0 million
- Net interest margin
- 4.01%
- Net income yoy change
- $3.4 million from $8.3 million
- Allowance to loans pct
- 1.10%
- Nonperforming loans pct
- 0.73%
- Residual borrower exposure
- $7.1 million
- Tangible book value per share
- $22.35
AI analysis
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