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Norwood Financial ( (NWFL) ) has issued an announcement.
On January 29, 2025, Norwood Financial Corp will present its financial highlights from December 31, 2024, at the Janney Investor Conference. The presentation includes significant strategic initiatives such as the repositioning of its securities portfolio, which involved selling $155 million of securities with a yield of 2.0% and reinvesting in securities with a projected 5.2% yield. This move is expected to improve the company’s return on average assets (ROAA), net interest margin (NIM), and earnings per share (EPS), enhancing liquidity and positioning Norwood Financial for increased earnings in a falling rate environment. The company’s consistent growth strategy, including expanding fee income lines and maintaining a disciplined credit culture, supports its robust market positioning.
More about Norwood Financial
Norwood Financial Corp, headquartered in Honesdale, PA, operates in the financial services industry, providing community banking services through its brands Wayne Bank, Bank of Cooperstown, and Bank of the Finger Lakes. The company focuses on serving small businesses and local relationships, offering products such as wealth/trust, mortgage, and treasury management services. With $2.3 billion in total assets and a strong regional presence across 29 offices in Pennsylvania and New York, Norwood Financial has a history of steady growth and community involvement.
YTD Price Performance: -2.79%
Average Trading Volume: 14,097
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $237.6M
For detailed information about NWFL stock, go to TipRanks’ Stock Analysis page.
