Norwood Financial Corp filed its quarterly report on Form 10-Q with the SEC on August 7, 2026, covering the period ended June 30, 2026, and reflecting the completion of its acquisition of PB Bankshares, Inc. during the first half of the year.

Key Highlights

  • Net income of $9,328 thousand for the three months ended June 30, 2026, compared to $6,205 thousand for the same period in 2025, according to the filing.
  • Total assets reached $2,907,914 thousand as of June 30, 2026, up from $2,424,842 thousand at December 31, 2025.
  • Net interest income was $26,839 thousand for Q2 2026, versus $19,065 thousand in Q2 2025.
  • Merger-related expenses of $4,994 thousand were recorded for the six months ended June 30, 2026, with none recorded in the comparable 2025 period.
  • PB Bankshares, Inc. acquisition added 1,662,935 common shares and increased surplus by $46,396 thousand, per the stockholders' equity statement.
  • Cash dividends declared of $0.64 per share for the six months ended June 30, 2026, compared to $0.62 per share in the same period of 2025.
  • Shares outstanding totaled 10,902,074 as of August 1, 2026, as reported on the cover page.

Norwood Financial's Balance Sheet and Earnings Reflect PB Bankshares Integration

Norwood Financial Corp (NASDAQ: NWFL), a Pennsylvania-based bank holding company headquartered at 717 Main Street, Honesdale, Pennsylvania, reported total assets of $2,907,914 thousand as of June 30, 2026, according to its unaudited consolidated balance sheet. This compares to $2,424,842 thousand at December 31, 2025. Net loans receivable grew to $2,237,181 thousand from $1,833,540 thousand over the same period, and total deposits rose to $2,514,297 thousand from $2,078,645 thousand, as the filing disclosed.

For the three months ended June 30, 2026, the company reported total interest income of $40,457 thousand and total interest expense of $13,618 thousand, producing net interest income of $26,839 thousand. The provision for credit losses for the quarter totaled $1,944 thousand. Net income for Q2 2026 was $9,328 thousand, with basic and diluted earnings per share each at $0.86. For the six months ended June 30, 2026, net income was $13,058 thousand, with basic and diluted earnings per share of $1.21, versus $1.30 in the first half of 2025, according to the filing.

The consolidated statements of changes in stockholders' equity show that the PB Bankshares, Inc. acquisition during the first half of 2026 contributed 1,662,935 shares and $44,266 thousand in total equity, net of treasury stock issued in the transaction. Total stockholders' equity stood at $289,640 thousand at June 30, 2026, up from $242,157 thousand at December 31, 2025. Accumulated other comprehensive loss widened to $(24,543) thousand from $(21,343) thousand, reflecting unrealized holding losses on available-for-sale securities of $(4,051) thousand before tax for the six-month period, as the filing stated. Salaries and employee benefits for the six months were $17,223 thousand, compared to $13,077 thousand in the prior-year period.

What Was Disclosed

Norwood Financial Corp's Form 10-Q for the quarter ended June 30, 2026 disclosed unaudited financial results including income statements, balance sheets, and equity activity, highlighting the impact of the PB Bankshares, Inc. acquisition on assets, shares outstanding, and expenses.