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Get filing alertsNorwood Financial reports Q1 2026 net income up 35%, margin expansion of 38 bps
Filed April 28, 2026 · Period ending April 28, 2026 · ~1 min read
Key Changes
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high
Q1 2026 adjusted net income rose 35% to $7.8M ($0.72/share), with net interest margin expanding 38 bps to 3.68% and net interest income up 38% to $24.6M. Adjusted return on tangible equity improved 25 bps to 12.65%.
Exhibit 99.1 view on EDGAR → -
high
Presence Bank acquisition integration progressing as planned, expanding geographic presence and consolidating Wayne Bank, Bank of Cooperstown, Bank of the Finger Lakes, and Presence Bank under a single Wayne Bank brand.
Exhibit 99.1 view on EDGAR → -
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Full-year 2025 adjusted net income increased 85% to $29.2M ($3.58/share), with return on average tangible common equity improving 456 bps to 14.53%, aided by December 2024 capital raise used to reposition investment portfolio.
Exhibit 99.1 view on EDGAR → -
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Quarterly dividend increased 3.33% in Q4 2025 to $1.24 annually (4.2% yield as of April 23, 2026), marking 34 consecutive years of annual dividend increases.
Exhibit 99.1 view on EDGAR → -
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Three directors nominated for election at 2026 annual meeting: Kevin M. Lamont, Dr. Kenneth A. Phillips, and Jeffrey Gifford. Board maintains 86% independence (12 of 14 directors).
Exhibit 99.1 view on EDGAR →
Summary
Norwood Financial disclosed strong first-quarter 2026 results at its annual shareholder meeting, with adjusted net income climbing 35% year-over-year to $7.8 million and net interest margin expanding 38 basis points to 3.68%. The performance reflects improved profitability from the company's December 2024 capital raise, which funded a repositioning of its investment portfolio for higher yields. The integration of Presence Bank, acquired in April 2026, is proceeding as planned and consolidates four banking franchises under the Wayne Bank brand.
For retail holders, the results demonstrate sustained momentum from 2025's 85% earnings growth and continued margin expansion in a competitive rate environment. The company's 34-year dividend growth streak remains intact with a 3.33% increase in Q4 2025, now yielding 4.2%. The Presence Bank integration expands Norwood's geographic footprint and asset base, supporting the growth trajectory that drove return on tangible equity to 12.65% in Q1 2026.
Section-by-Section Diff
Event · Item 7.01 — Regulation FD Disclosure
Norwood Financial disclosed a slideshow for its 2026 Annual Meeting discussing financial performance and business strategies.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
On April 28, 2026, Norwood Financial Corp (the “Company”), the holding company for Wayne Bank, will utilize a slideshow at its 2026 Annual Meeting of Stockholders.
This slideshow discusses the Company’s financial performance and business strategies
The company disclosed it will present a slideshow at its annual stockholder meeting covering financial performance and business strategies. This is a routine disclosure under Regulation FD to ensure public availability of materials presented to shareholders.
Event · Exhibit 99.1
NWFL held its 2026 annual shareholder meeting, presenting Q1 2026 results and recognizing employees and directors.
Added in current filing · view on EDGAR → · paraphrased
$24.6M Net Interest Income +38% ... 3.04% Net Interest Spread (fte) +43 bps ... $11.4M Adjusted Pre Provision Net Revenue +41% ... 3.68% Net Interest Margin (fte) +38 bps ... $7.8M Adjusted Net Income +35% ... $0.72 Adjusted Diluted EPS +14% ... 1.10% Adjusted Return on Average Assets +9 bps ... 12.65% Adjusted Return on Tangible Equity +25 bps
Norwood Financial reported strong Q1 2026 performance with net interest income up 38% year-over-year to $24.6 million, net interest margin expanding 38 basis points to 3.68%, and adjusted net income rising 35% to $7.8 million ($0.72 per diluted share). Adjusted return on average assets improved 9 basis points to 1.10%, while adjusted return on tangible equity increased 25 basis points to 12.65%. The company attributed the results to improved margins, increased profitability, and growing assets.
Added in current filing · view on EDGAR → · paraphrased
Presence Bank integration progressing as planned, expanding our geographic presence, increasing our asset base, and strengthening our team to better serve our communities
The company disclosed that the integration of Presence Bank, acquired in April 2026, is progressing as planned. The acquisition expands Norwood's geographic footprint, increases its asset base, and strengthens its team. The presentation notes that Norwood consolidated Wayne Bank, the Bank of Cooperstown, Bank of the Finger Lakes, and Presence Bank under a single Wayne Bank brand.
Show 1 minor / wording change
Added in current filing · view on EDGAR →
Kevin M. Lamont* ... Dr. Kenneth A. Phillips* ... Jeffrey Gifford* ... * Directors nominated for election during 2026 annual meeting
The company disclosed that Kevin M. Lamont, Dr. Kenneth A. Phillips, and Jeffrey Gifford are nominated for election to the board of directors at the 2026 annual meeting. The presentation provides background on each nominee and notes that the board has an average age of approximately 65 years, average tenure of approximately 9.5 years, and 86% independence (12 of 14 directors).
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 23, 2026 · How we verify