WAYNE COUNTY, PA — Norwood Financial Corp (Nasdaq Global Market-NWFL) and its subsidiary, Wayne Bank, announced earnings for the three months ended June 30 of $3,513,000. This represents an …
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WAYNE COUNTY, PA — Norwood Financial Corp (Nasdaq Global Market-NWFL) and its subsidiary, Wayne Bank, announced earnings for the three months ended June 30 of $3,513,000. This represents an increase of $789,000 or 29.0%, from the $2,724,000 earned in the similar period of 2017.
Earnings per share (fully diluted) were $0.56 in the 2018 period, increasing from the $0.43 earned in the similar period of 2017 after adjusting for the 50% stock dividend declared in August 2017. Earnings per share (fully diluted) for the six months ended June 30 and 2017, totaled $1.06 and $0.81 per share, respectively, after adjusting for the 50% stock dividend. Annualized loan growth for the company exceeded 10%.
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