Norwood Financial Reports Record Q3 2026 Net Income Driven by Interest Growth
Norwood Financial Corp. (NWFL) reported strong third-quarter 2026 financial results, highlighted by record net income of $11.8 million ($1.08 per diluted share) and net interest income of $28.0 million. The growth was largely driven by the integration of Presence Bancshares and a significant increase in total assets, which rose to $2.95 billion from $2.41 billion in the prior year. The company saw improved efficiency with an efficiency ratio of 50.3% and a net interest margin expansion to 4.01%. While rising interest rates caused a slight decline in tangible book value per share due to market value impacts on available-for-sale portfolios, overall credit quality remains stable, evidenced by nonperforming loans dropping to 0.73% of total loans.
Tickers: $NWFL
Topics: asset growth brokerage revenue interest income net income net interest margin
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