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Norwood Financial (NasdaqGM:NWFL) Q3 2025 Earnings Call October 22, 2025 09:00 AM ET Company ParticipantsTyler Cacciatori - Equity Research AssociateKristen Lencia - VP and Marketing ManagerJames Donnelly - CEORoss Haberman - Money ManagerJohn McCaffrey - CFOOperatorGood day, and thank you for standing by. Welcome to the Norwood Financial third quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answe ...

Norwood Financial (NasdaqGM:NWFL) Q3 2025 Earnings Call October 22, 2025 09:00 AM ET Company ParticipantsTyler Cacciatori - Equity Research AssociateKristen Lencia - VP and Marketing ManagerJames Donnelly - CEORoss Haberman - Money ManagerJohn McCaffrey - CFOOperatorGood day, and thank you for standing by. Welcome to the Norwood Financial third quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answe ...

Norwood Financial (NasdaqGM:NWFL) Q3 2025 Earnings Call October 22, 2025 09:00 AM ET Speaker0Good day and thank you for standing by. Welcome to the Norwood Financial's Third Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. Please be advised that today's conference is being recorded.I would now like to hand the conference over to Kristen Lencia, Vice President and Marke ...

财务数据和关键指标变化 - 第三季度净息差环比增长20个基点 导致净利息收入环比增加140万美元 [12] - 未调整的拨备前净收入环比增长15% 若剔除一次性并购相关费用则增长19% [13] - 截至9月30日的九个月非利息收入同比增长9% 主要得益于财富管理和信托服务活动以及贷款销售收益增加 [13] - 季度支出较2024年第三季度增长7.5% 但剔除并购相关费用后增幅仅为2.8% [13] - 信贷损失拨备金释放50.2万美元 主要由于多笔贷款脱离非应计状态 [12] - 第三季度业绩包含56.8万美元的并购相关费用 [12] 各条业务线数据和关键指标变化 - 贷款和存款均实现良好增长 推动资产规模年内增长约1亿美元 [4] - 财富管理、信托及其他费用收入业务推动费用收入同比增长 [4] - 贷款增长分布广泛 没有单一类别成为主要增长驱动力 农业贷款占比从约9%降至约8% [28] - 商业房地产贷款组合远低于监管指导线 仍有充足空间 [28] - 消费贷款表现良好且强劲 各类商业贷款包括商业及工业贷款均表现良好 [28] 公司战略和发展方向和行业竞争 - 公司于2024年第四季度完成债券投资组合 repositioning 旨在支持增长、改善财务状况并提高盈利潜力 [5] - 通过发行普通股成功完成资本募集 以支持增长并通过重组可供出售证券组合改善财务状况 [5] - 2025年7月7日宣布与Presence Bank的合并 所有监管申请已提交 正在等待批准 [6] - 公司对并购机会持机会主义态度 会寻找战略机会以实现战略协同 [21] - 第三季度完成董事会领导层过渡 新增两名董事 加强了董事会 [6][9] - 将三个品牌统一为一个 推出新品牌 并专注于“Every Day Better”文化改进 [10] 管理层对经营环境和未来前景的评论 - 公司进入第四季度基础稳固且势头良好 [4] - 净息差前景仍然乐观 贷款定价仍在上升 尽管长期收益率下降使其开始趋于平稳 本季度净息差为3.63% 希望向4%迈进 [20] - 预计降息周期的存款Beta值约为50% 存款成本仍有下降空间 [17] - 另一轮降息将有利于公司 降低存款成本 但具体金额或基点影响取决于时机和收益率曲线形状 [27] - 对与Presence Bank的交易顺利完成抱有信心 但考虑到运营和会计问题 在第四季度完成很困难 预计将在明年第一季度完成 [22] 其他重要信息 - 拥有超过4亿美元的市政存款 这些存款与市场利率挂钩 会随市场利率逐步下降 包括纽约和宾夕法尼亚州的市政存款以及一些学区存款 高点约4.5亿美元 低点约4亿美元 [17][18] - 客户对Wayne Bank体验的平均评分为4.7星 [10] - 信贷指标持续改善 不良贷款占总贷款比例下降 拨备金对不良资产比率上升 [13] 总结问答环节所有的提问和回答 问题: 在预期还有两次降息的情况下 进一步降低存款成本的能力以及整个周期的Beta值与加息周期相比如何 - 预计降息周期的存款Beta值约为50% 存款成本仍有下降空间 即使在美联储降息之前 存款成本也已呈现下降趋势 [17] 问题: 市政存款的规模以及高低水位线大致是多少 - 市政存款规模目前处于高水位线 约在4亿美元至4.5亿美元之间 包括纽约和宾夕法尼亚州的市政存款 由于税收收入时间不同会相互抵消 一些学区存款周期略有不同 因此高低波动不那么剧烈 [18][19] 问题: 净息差展望以及何时能看到稳定 - 净息差前景仍然乐观 贷款定价仍在上升 尽管长期收益率下降使其开始趋于平稳 本季度净息差为3.63% 希望向4%迈进 [20] 问题: 对并购环境的看法 交易进展更新以及预计交割时间 - 公司对并购机会持机会主义态度 会寻找战略机会 与Presence Bank的合并正在等待监管批准 暂无确切的批准日期 但对交易顺利完成抱有信心 考虑到运营和会计问题 在第四季度完成很困难 预计将在明年第一季度完成 [21][22] 问题: 假设近期再降息25个基点 对利润率或利差的贡献度 - 降息本身将有利于公司 降低存款成本 但具体金额或基点影响取决于时机和收益率曲线形状 尤其下一季度可能完成交易 届时会有较多干扰 [27] 问题: 目前哪个类别贷款增长和需求最好 能否持续到第四季度 当前环境是否抑制贷款增长 - 贷款增长分布广泛 没有单一类别成为主要增长驱动力 农业贷款占比略有下降 商业房地产贷款远低于监管线 消费贷款和各类商业贷款表现均良好 [28]

INVESTOR PRESENTATION Q3 2025 Earnings Call October 22, 2025 Forward-looking Statements and Additional Information This presentation contains forward-looking statements within the meaning of the federal securities laws relating to the proposed merger with PB Bankshares, Inc. ("PBBKˮ) by Norwood Financial Corp. ("Norwoodˮ or "NWFLˮ), the integration of PBBK with NWFL, the combination of their businesses and projected or pro forma financial information and metrics. All statements other than statements of hist ...

Quarterly and Year-to-Date Highlights: Fully diluted EPS of $0.89, an 85% increase over the same period in 2024Return on assets rose 72 basis points to 1.40% from 3Q 2024.Net interest margin increased 20 basis points vs. the prior quarter and 64 basis points over the prior year.Loans grew at a 5.4% and 7.3% annualized rate during the third quarter and year-to-date, respectively.Deposits grew year-to-date at an annualized rate of 15% while deposit costs fell 19 basis points since the 4th quarter of 2024.Capi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION NORWOOD FINANCIAL CORP (Exact name of registrant as specified in its charter) Pennsylvania 0-28364 23-2828306 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 717 Main Street, Honesdale, Pennsylvania 18431 (Address of principal executive offices) (Zip Code) Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earlie ...

Norwood Financial Corp. (NASDAQ:NWFL) is included among the 12 Best Dividend Stocks with Yields Above 4%. Norwood Financial (NWFL): Solid Mid-Year Performance Backed by Attractive Dividend Yield Photo by Dan Dennis on Unsplash Norwood Financial Corp. (NASDAQ:NWFL), a ba‌nk holding compan⁠y, operates through its subsi‌di‌ary, Wayne Bank. T⁠he company provides a broa‍d range of services, including personal and business cre‌dit, trust and investment produc‌ts, an⁠d real estate settle‌ment​ serv​ices, cater ...

HONESDALE, Pa., Oct. 10, 2025 (GLOBE NEWSWIRE) -- Norwood Financial Corp (Nasdaq Global Market-NWFL) and its subsidiary, Wayne Bank, will release its third quarter 2025 financial results before market opens on Wednesday, October 22, 2025. On the same day, the Company will host a webcast and conference call at 9:00 a.m. ET to discuss the financial results. To participate in the live call, you may register and connect via webcast using this link: https://register-conf.media-server.com/register/BIb0fd881de5ac4 ...