Norwood Financial Q1 net interest income rises on acquisition

Norwood Financial

27/04/2026 13:23

Overview

U.S. community bank's Q1 net interest income rose year-over-year, driven by Presence Bancshares acquisition

Adjusted EPS for Q1 increased year-over-year

Company completed acquisition of Presence Bancshares and core system conversion in Q1

Outlook

Company did not provide specific guidance for the current quarter or full year

Result Drivers

PRESENCE BANCSHARES ACQUISITION - Net interest income and margin increased mainly due to the addition of Presence Bancshares' balance sheet

MERGER-RELATED EXPENSES - Reported net income was reduced by merger-related and restructuring expenses in the quarter

LOAN AND DEPOSIT GROWTH - Loans receivable and total deposits rose sharply following the acquisition, supporting asset and revenue growth

Company press release: ID:nGNXbqbJyW

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
$0.72
$0.48 (2 Analysts)
Q1 Net Interest Income
$24.60 mln
Q1 Net Interest Margin
3.68%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Norwood Financial Corp is $33.50, about 8.6% above its April 24 closing price of $30.86

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)