Norwood Financial Reports Q3 Earnings Beat with $1.08 GAAP EPS and $30.93M Revenue
Norwood Financial (NWFL) reported third-quarter financial results that exceeded analyst expectations for both earnings per share and revenue. The company posted a GAAP EPS of $1.08, surpassing estimates by $0.14, while total revenue reached $30.93 million, representing a 34.7% increase year-over-year. The bank's net interest margin (NIM) showed significant improvement, reaching a fully taxable equivalent of 4.01%, up from 3.63% in the prior year and an 11 basis point increase on a linked-quarter basis. Despite these strong top and bottom-line figures, the results were partially offset by impacts related to a borrower bankruptcy.
Tickers: $NWFL
Topics: earnings beat net interest margin revenue growth stock buyback
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