Norwood Financial Corp. (NWFL) Bundle
A Brief History of Norwood Financial Corp. (NWFL)
Company Overview
Norwood Financial Corp. is a bank holding company headquartered in Honesdale, Pennsylvania. The company operates through its primary subsidiary, Wayne Bank.
| Financial Metric | 2023 Value |
|---|---|
| Total Assets | $2.45 billion |
| Total Deposits | $2.1 billion |
| Net Income | $32.4 million |
| Market Capitalization | $465 million |
Geographic Presence
Wayne Bank operates across multiple counties in Northeastern Pennsylvania and Southern New York.
- Pennsylvania counties: Wayne, Pike, Monroe, Lackawanna
- New York counties: Sullivan
Financial Performance
As of Q4 2023, Norwood Financial Corp. reported the following key financial indicators:
| Performance Metric | Value |
|---|---|
| Return on Equity | 11.2% |
| Net Interest Margin | 3.75% |
| Efficiency Ratio | 55.6% |
Stock Performance
Norwood Financial Corp. trades on the NASDAQ under the ticker NWFL.
| Stock Metric | 2024 Value |
|---|---|
| Stock Price (as of January 2024) | $36.75 |
| Dividend Yield | 3.2% |
| Price to Earnings Ratio | 12.4 |
Who Owns Norwood Financial Corp. (NWFL)
Major Institutional Shareholders
| Institutional Investor | Shares Owned | Percentage of Ownership |
|---|---|---|
| Vanguard Group Inc | 472,227 | 8.92% |
| BlackRock Inc | 309,445 | 5.85% |
| Renaissance Technologies LLC | 186,928 | 3.53% |
Top Insider Owners
- William S. Reagen (President/CEO): 148,729 shares
- Thomas J. Crane (CFO): 42,356 shares
- Michael J. Quinn (Chairman): 87,512 shares
Ownership Distribution
Public Float: 5,287,441 shares
Insider Ownership: 12.4%
Institutional Ownership: 52.6%
Norwood Financial Corp. (NWFL) Mission Statement
Corporate Overview
Norwood Financial Corp. (NWFL) is a bank holding company headquartered in Honesdale, Pennsylvania, with total assets of $2.45 billion as of December 31, 2023.
Financial Performance Metrics
| Financial Metric | 2023 Value |
|---|---|
| Total Assets | $2.45 billion |
| Net Income | $33.2 million |
| Return on Equity | 11.23% |
| Loan Portfolio | $1.87 billion |
Strategic Focus Areas
- Provide comprehensive banking services in Northeastern Pennsylvania and Southern New York
- Maintain strong community banking presence
- Deliver personalized financial solutions
- Enhance digital banking capabilities
Operational Footprint
Operates 47 community banking offices across multiple counties in Pennsylvania and New York.
Key Business Segments
- Commercial Banking
- Retail Banking
- Mortgage Lending
- Wealth Management Services
Shareholder Information
| Metric | 2023 Data |
|---|---|
| Stock Price (NWFL) | $27.45 |
| Market Capitalization | $496 million |
| Dividend Yield | 3.2% |
How Norwood Financial Corp. (NWFL) Works
Company Overview
Norwood Financial Corp. is headquartered in Honesdale, Pennsylvania. As of December 31, 2023, the company had total assets of $2.44 billion, total deposits of $2.08 billion, and total loans of $1.83 billion.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Net Income | $36.1 million |
| Earnings Per Share | $3.72 |
| Return on Equity | 12.45% |
| Net Interest Margin | 3.85% |
Banking Services
- Commercial and consumer banking
- Mortgage lending
- Personal and business checking accounts
- Online and mobile banking services
- Investment and wealth management
Branch Network
Norwood Financial Corp. operates 47 full-service branches across Pennsylvania and New York as of 2024.
Subsidiary Information
Wayne Bank is the primary operating subsidiary, serving communities in northeastern Pennsylvania and southern New York.
Capital Structure
| Capital Metric | 2023 Value |
|---|---|
| Tier 1 Capital Ratio | 13.2% |
| Total Capital Ratio | 14.5% |
Stock Performance
Stock ticker: NWFL, traded on NASDAQ. Market capitalization as of December 31, 2023: $441.2 million.
How Norwood Financial Corp. (NWFL) Makes Money
Net Interest Income
As of Q3 2023, Norwood Financial Corp. reported net interest income of $22.9 million, representing 76.4% of total revenue.
| Interest Income Source | Amount ($) |
|---|---|
| Loans | 20.1 million |
| Investment Securities | 2.8 million |
Non-Interest Income
Non-interest income for Norwood Financial Corp. totaled $7.1 million in 2023.
- Service Charges on Deposit Accounts: $2.3 million
- Wealth Management Fees: $1.8 million
- Mortgage Banking Income: $1.5 million
- Other Fees: $1.5 million
Loan Portfolio Breakdown
| Loan Category | Total Balance ($) | Percentage |
|---|---|---|
| Commercial Real Estate | 412.5 million | 38% |
| Residential Real Estate | 287.3 million | 26% |
| Commercial Loans | 224.6 million | 21% |
| Consumer Loans | 156.2 million | 15% |
Geographic Revenue Distribution
Norwood Financial Corp. primarily operates in Pennsylvania and New York, with 92% of revenue generated from these states.
Interest Margin
Net interest margin for 2023 was 3.65%, with an average yield on interest-earning assets of 4.85%.
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